Planning for the future is an essential aspect of caring for your family members and other loved ones, and this includes writing a will. Your will describes how your possessions are distributed to beneficiaries and serves as a notice of your final wishes. In this blog, we will discuss what happens if an individual passes away without a will, known as dying intestate. Texas law specifically describes how assets are distributed in the event that a person passes away before he or she creates a will. Read on to learn more.
Distribution Of Assets If a Person Dies Intestate
If you do not create a last will and testament, you give up the right to decide how your property is distributed to family members upon your death. Instead, state laws dictate how assets will be distributed. Your relationship with surviving family members largely determines intestate succession in Texas.
For example, if you die and have a surviving spouse but no children, the spouse inherits your property. If you have children but no living spouse, parents, or siblings, the children inherit everything. If you do not have a spouse or children, your parents, or siblings may inherit your property.
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