What kind of assets are subject to intestate succession?

In Oregon, intestate succession is the legal process that decides how an estate is passed down when someone dies without leaving a will. Any assets that would have normally gone to the decedent (the person who died) through a will are subject to intestate succession in Oregon. These include any real estate, such as a house or other land, as well as any personal property, such as vehicles, jewelry, or other possessions. Any bank accounts, stocks, or other investments, as well as any pensions or retirement funds, may also be subject to intestate succession. In addition, intestate succession also covers certain kinds of intangible property, including copyrights and patents, as well as any money and/or other assets that have been placed in a trust. If the decedent set up a life insurance policy, then that policy is also subject to intestate succession. Finally, any debts owed to the decedent, such as loans or mortgages, are also subject to intestate succession and must be paid off according to the laws of Oregon.

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What kind of assets are subject to intestate succession?

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