Why You Want to Avoid Intestacy Laws – Part 1

                In the past few months we have had calls regarding how to distribute assets of a person who dies without a will.  This is what is known as dying “intestate”, without leaving a will or set of instructions as to how you want your assets distributed.   Keep in mind that some assets may have payable upon death designations or be owned jointly with right of survivorship.  I have written in previous blog posts about those assets being non-probate or not passing by way of the will so that the failure to leave a validly executed will would not pose a problem with these assets since their distribution is already determined.                 New Jersey’s intestacy statute was last amended 10 years ago.  As I always explain, this law is the State’s determination of how most…

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