How are assets distributed in an intestate estate?

In the state of Georgia, when a person dies without a will, they are said to have died intestate. In cases of intestate succession, assets pass to the deceased’s heirs or relatives according to the laws of intestate succession. These laws determine who gets what portion of the estate and in what order. The first in line to inherit assets are any surviving spouses. Any assets left by the deceased will become the sole property of the spouse. If there are no surviving spouses, the property passes on to children and other descendants such as grandchildren. If the deceased had no surviving spouse or descendants, the assets are split among the deceased’s parents, siblings, and other next of kin. If no living person is found to be related to the deceased, their property passes to the state. This process is known as escheatment, and the state will hold onto the assets until a rightful heir can be located. Any assets found in the estate are then divided up and paid out according to the laws of intestate succession. In summary, assets in an intestate estate are distributed among the surviving family members of the deceased, according to Georgia’s laws of intestate succession. If there is no living relative, the assets will be given to the state. The laws of intestate succession act as a guideline to ensure that the deceased’s assets are distributed fairly and according to their wishes, in the event that they did not leave a will.

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How are assets distributed in an intestate estate?

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