Estate Planning FAQs

Estate planning is not usually what comes first to mind for most people when you think of how to effectively manage your finances. So, it is understandable if you have a lot of questions about it. To make things easier for you, here we answer the top most frequently asked questions regarding estate planning. What happens if you die without a will?   If you do not have a will at the time of your death, it is called “intestate”. If such a situation arises, the intestacy laws of your residing state will dictate your property or asset distribution after your death. Such assets may include real estate, bank accounts, securities and any other asset that you may own up until your death. If you own any real estate in another state apart from your residing state, it will be handled by that state’s intestacy laws.   In the absence of a will at the time of death, assets are usually split among your “heirs” like your family and relatives. However,…

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