What kind of assets are subject to intestate succession?

In South Carolina, any assets owned solely by the deceased at the time of death are subject to intestate succession, if the deceased did not leave behind a valid will. This includes any real property (e.g., houses, land, etc.), personal property (e.g., cars, money, jewelry, etc.), and intangible property (e.g., bank accounts, investments, insurance policies, etc.). In South Carolina, if the deceased has surviving children, the law provides that these assets should be divided equally among all of them. Similarly, if the deceased had survived parents, the law provides that the assets should be divided among them. In addition, if the deceased had a spouse but no surviving children or parents, the law provides that all assets must go to the spouse. Lastly, if the deceased had no surviving relatives, the assets escheat (transfer) to the state. In all cases, the court must consider all of the assets and determine their rightful owners under South Carolina intestate succession law. Finally, the court must ensure that all assets are properly distributed to the rightful heirs according to the law.

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What kind of assets are subject to intestate succession?

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