Intestacy Flashcards
What property passes by intestacy?
All property owned by decedent at death except: property accounted for in valid will, property passing by will substitute
Exceptions to blood relatives get property through intestacy (2)
- Spouses
- Adopted Children
Do divorces/annulment destroy claims through intestacy?
Yes
How long must a person survive to take?
120 hours
120 hours must be proven by what type of evidence?
Clear and convincing
What happens if the 120 hrs survival is not achieved?
The person is considered predeceased
What happens if joint tenants die simultaneously?
1/2 to each estate
What happens to an insurance payout if the beneficiary and decedent die simultaneously?
Proceeds distributed as if insured survived the beneficiary
When a person dies intestate, who becomes the administrator?
- the spouse, if they apply
- next-of-kin, if they apply
- if more than one next of kin applies, court decides
- creditor of decedent
Order of intestacy
- Spouse
- Children
- Parents
- Siblings
- Other relatives
How intestate property is distributed
- If no child, spouse gets 100%
- If children, spouse gets 1/3 or a child’s share, whichever is greater
- If no spouse, first to issue, then to parents, then siblings, then issue of siblings, then grandparents, then issue of grandparents, then escheats to the state
Modern per stirpes
Property divided at the first level that has a living descendant
How is property distributed to other relatives?
First to grandparents and their descendants. if no one is found, move to great grandparents and so on
What is a laughing heir?
Very distant relatives of descendant’s
Who do adopted children inherit from?
Legal parents, not biological (reverse is also the same)