What kind of assets are subject to intestate succession?

In Georgia, assets which are subject to intestate succession are those that are not specifically transferred by will or contract. Intestacy is the legal term for when someone dies without a will or other arrangement for the distribution of their property. When that happens, the laws of intestacy in Georgia determine who is entitled to the decedent’s assets. Generally speaking, these assets may include real estate, motor vehicles, bank accounts, and investments. Intestate succession may also include tangible personal property (e.g., jewelry, furniture, etc.), copyrights, trademarks, and other intellectual property. In some cases, assets held in certain types of trusts may also be subject to intestate succession. For example, a trust that is not specified in the will or deed of the deceased may be subject to intestacy. Additionally, certain assets belonging to the decedent but not held in a trust may be subject to intestacy, such as personal effects, insurance policies, accounts receivable, and annuities. When it comes to determining exactly which assets are subject to intestate succession, it is important to consult with a legal professional who is knowledgeable in the laws of intestacy in Georgia. This is to ensure that all assets of the decedent’s estate are appropriately distributed according to the state’s intestate succession laws.

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What kind of assets are subject to intestate succession?

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