If a person dies without leaving a valid will, how is the distribution of property regulated?
Answer to relevant QuestionsWhat are the objectives of probate laws?What are homestead and family allowances?What deductions are allowed in computing estate income taxes? What are the differences among a devise, a legacy, and a bequest?Define each of the following terms:a. Will.b. Estate.c. Intestate.d. Probate laws.e. Trust.f. Inter vivos trust.g. Charitable remainder trust.h. Remainderman.i. Executor.j. Homestead allowance.
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