What property is subject to intestate succession?

In South Carolina, property that is subject to intestate succession is determined by the state’s laws of descent and distribution. This includes any property that would have been owned by the decedent (the person who passed away), or which the decedent had a legal right to, that would have passed to the decedent’s heirs had they made a valid will. The types of property subject to intestate succession generally include real estate, tangible personal property, money, stocks, bonds, bank accounts, financial accounts, debts owed to the decedent, and other assets which the decedent owned or had an ownership interest in. Any property which was jointly owned with another person is excluded from intestate succession, since the law assumes that when two or more people jointly own property, they’re considered to have made a will with respect to that property. If the decedent had any outstanding liabilities or debts, such as credit card balances or unpaid bills, those debts must be paid off before any of the decedent’s property can pass through intestate succession. This helps to ensure that all of the decedent’s creditors are paid before the decedent’s assets can be distributed to the decedent’s heirs. In South Carolina, the property subject to intestate succession is divided among the decedent’s heirs according to the laws of descent and distribution. The heirs will usually be the decedent’s spouse, the decedent’s children, or the decedent’s parents and siblings. If there is no surviving spouse or children, then the decedent’s parents, siblings, and other relatives in succession will be entitled to receive the decedent’s property.

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What property is subject to intestate succession?

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