Monday, July 12, 2010

Dying Without A Will

If you plan to die without a will, the state of Maryland calls it dying "intestate." In which your assests will be divided among your existing family. With minor aged children, your spouse will receive only one half of your estate. And the other one half will go to your minor children. Children of yours that are not legal minors, your spouse will recieve the first $15,000 plus one half of your leavings from the estate. If there are no children but still have parent(s), then your spouse will recieve the first $15,000 plus one-half of the leavings of your estate. Likewise, if you don't have children or parents, your spouse will recieve the whole estate that you own.

Any part of your estate will go to your children first equally then your spouse. If there's no children or granchildren, your property goes to your parents, siblings, grandparents, and great grandparents.

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