Tag:
Wills
Deceased Dies Intestate Leaving: | Distribution |
---|---|
Spouse
(No parents or issue*) |
Spouse
100%
|
Spouse, Issue
(With or without parents) |
Spouse
50%
Issue
(To be shared equally) 50%
|
Issue
(No spouse) |
Issue
(To be shared equally)
100%
|
Spouse, Parents
(No issue) |
Spouse
50%
Parents
(To be shared equally) 50%
|
Parents
(No spouse or issue) |
Parents
(To be shared equally)
100%
|
Siblings
(No spouse, issue or parents) |
Siblings
(To be shared equally)
100%
|
Grandparents
(No spouse, issue, parent or siblings) |
Grandparents
(To be shared equally)
100%
|
Uncles & Aunts
(No spouse, issue, parents, siblings, grandparents) |
Uncles and Aunts
(To be shared equally)
100%
|
None of the above |
Government
100% |
* “issue” – includes children and the descendants of deceased children.
Wills
Upon death without a will, you have effectively given up your right to decide how your assets are distributed. Your loved ones may be burdened because:
Wills
Having a well-thought out will is always a wise move. The three common advantages are:
A will is your final act of love for your loved ones. It helps expedite settlement of your estate and avoids unforeseen complications while they are in grief.
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