Every state has rules for the distribution of a person’s assets/ property if they die without a Will. There are many differences in how states determine how to pass assets, so it pays to develop and put an Estate (assets/property) strategy in place. This starts with a Will.
There is a saying that the love of money is the root of all evil. But few things can break up a family more than money issues upon the settlement of a parent’s or life partner’s estate. Family harmony is usually an important issue when parents write out their final distribution wishes in their will. Simple or complex estates can run the risk of disharmony caused by a lifetime of family interactions, rivalries and learned behaviors.