RESPOND AND OPINION ABOUT THIS Elisa Tano Delgado Week 1 Post 1 COLLAPSE Hello Professor and fellow

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RESPOND AND OPINION ABOUT THIS

Elisa Tano Delgado

Week 1 Post 1

COLLAPSE

Hello Professor and fellow classmates,

States have different laws governing the intestate succession procedures, which transfers property when a person dies without leaving a legal testament. If a person passes away in my state before leaving a will, their property is distributed to their spouse or civil partner and/or progeny. The inheritance would pass to the remaining partner if there were no children, and if there was no husband or wife, it would pass to the dead person's parents. Any siblings or other close family receive a portion of the assets if neither parent is still alive. The procedure in Minnesota, the home of Prince, is comparable to this one. The surviving spouse as well as any children of the dead would get the inheritance first under Minnesota's accordance with state legislation in the event that a decedent passed away without leaving a testament. The estate will instead belong to the deceased's parents if they did not have a partner or kids. The inheritance would be distributed to the deceased's siblings if none of those circumstances applied. If there are no remaining siblings, the dead person's grandparents, uncles, aunts, or cousins will get the inheritance. There are several advantages to having a legitimate will. The execution of the decedent's desires and the distribution of their inheritance to their preferred beneficiaries are guaranteed by a legal will. Also, it streamlines the probate procedure and lessens the likelihood of family disagreements. A proper will can also lower inheritance taxes and cover the costs of taking care of kids or other relatives.

References:

Werner Law Firm. (2021, November 4).Testate vs. Intestate: What's the difference?. Werner Law Firm. Retrieved March 9, 2023, from https://wernerlawca.com/testate-vs-intestate-whats-the-difference/