By Lee Phillips Inheritance is the way assets are passed to your family or heirs once you have died. Assets are pretty much anything you own such as real estate, stock certificates or bank accounts. The average inheritance passed in the United States today is about $200,000.
Intestate Inheritance Is the Way the State Divides Property Intestate inheritance does not mean that you will inherit something from someone who lives in another state. Intestate inheritance means that you inherit from a relative who dies without a valid will or a trust and owns property.
To die intestate doesn’t mean dying in the neighboring state or dying without any assets. Dying intestate means to die without a valid will or a trust. A will is the legal instrument that tells the judge how the decedent wishes his/her property or estate to be
Avoid Probate – Overview Avoid probate and the time delay and expense if a loved one passes away or becomes incapacitated. Here comes the probate trick. When your bank account is owned by your trust, i.e., it is in the name of your trust, and you die,
