What is the difference between intestate and testate succession?

The difference between intestate and testate succession is that intestate succession is what happens to a person’s assets when they pass away without a will, while testate succession is what happens when a person passes away with a will. In other words, intestate succession is succession that occurs without a will, and testate succession is succession that occurs with a will. In New York, the intestate succession law determines who gets the assets of someone who passes away without a will. Generally, the surviving spouse and children of the deceased will receive the assets of the deceased in equal shares, depending on the size of the estate. If a person passes away without a spouse or children, then the estate is split between the next closest living relatives such as siblings, parents, or aunts and uncles, according to a list of priority set by the law. Testate succession is the process of transferring a decedent’s assets to the person or people named in a valid will. This means that when a person passes away with a will, the assets go directly to the people or organizations specified in the will. This allows a person to be in control of who receives their assets after they die. It also allows a person to provide for people who may not be able to receive assets due to intestate succession laws. For example, a person may choose to include someone who is not a “direct line” relative in their will if they wish for that person to receive their assets.

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What is the difference between intestate and testate succession?

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