What property is subject to intestate succession?

In Florida, the types of property that are subject to intestate succession (or the distribution of property when a person dies without a will) are determined by state law. Generally speaking, any assets a decedent (or deceased person) owned as an individual are subject to intestate succession. This includes real estate, personal property, bank accounts, and money owed to the deceased person. Additionally, any assets the decedent jointly held with another person (such as a spouse, family member, or business partner) may also be subject to intestate succession. In some cases, life insurance policies and retirement accounts are also subject to intestate succession. This typically applies if the decedent named a beneficiary to receive these assets after they died. Depending on the type of account or policy, the beneficiary may be required to go through the probate court process to receive the assets. Finally, some types of assets are not subject to intestate succession. These typically include property held in trusts, assets specifically given away in a will, and assets held in joint tenancy with right of survivorship. In conclusion, property subject to intestate succession in Florida may include real estate, personal property, bank accounts, money owed to the decedent, life insurance policies, and retirement accounts. Assets not subject to intestate succession may include property held in trusts, assets specifically given away in a will, and assets held in joint tenancy with right of survivorship.

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What property is subject to intestate succession?

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