What happens to my assets if I die without a will?

If you die without a will in Delaware, your assets will be distributed according to the laws of intestacy, which is the legal process for how assets will be distributed without a will. Depending on your situation, your assets will be distributed to your spouse, children, and other family members in the order of priority established in the Delaware intestacy laws. If you do not have a spouse or children, the intestacy laws in Delaware determine which family members, such as parents, siblings, grandparents, aunts, and uncles, are eligible to inherit your assets. If you do not have any living relatives, your assets will be distributed to the state as unclaimed property. It is important to remember that in Delaware, if you die without a will, you have no control over who receives your assets or when they will receive them. The intestacy laws in Delaware will determine who receives your assets and when, which may not be in line with what you may have wished for them to receive. Having an estate plan is the best way to make sure that your wishes for the distribution of your assets are carried out after you die. A properly drafted estate plan can help you make sure that your loved ones receive the assets you intended them to receive. An estate planning attorney in Delaware can help you create a comprehensive estate plan that fits your individual needs.

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