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Intestate

A Concise Guide to understand the term Intestate

by Skills.Money
in Blog, Personal Finance
Reading Time: 3 mins read
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Intestacy is the state of dying without a Will. If a person dies without a will, he is said to have “died intestate.” The estate of a person who has died intestate goes through probate court. The state’s intestacy laws determine who will inherit the decedent’s assets. Typically, the takers of the property are relatives of the decedent.

It should be kept in mind that even if there is a Will, it may go through the probate, but with a good Will, things tend to get more straightforward and faster.

A probate court has the jurisdiction and competence to administrate the decedent’s estates. Probate courts handle the probate of Wills, guardianship, conservatorship, and estate administration.

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