Is there a limit on how much an intestate succession can be worth?

Yes, there is a limit on how much an intestate succession can be worth in Utah. This limit is set by state law and can differ depending on who is inheriting the intestate succession. In Utah, the amount of money that is available for an intestate succession depends on if the person who died had a spouse, children, or other close relatives. If the deceased person was survived by a spouse, the spouse is allowed to inherit all of the estate’s assets and property (up to a total value of $100,000). If the deceased person was survived by children, each child can receive up to $5,000 in intestate succession. If the value of the estate exceeds $5,000, then the remaining amount of money will be split among the children in equal shares. Finally, the legal heirs of a deceased person who was not survived by children, parents, siblings, or a spouse can receive up to $50,000 in intestate succession. If the value of the estate is more than $50,000, the remaining amount of money will be split among the legal heirs in equal shares. In conclusion, there is a limit on how much an intestate succession can be worth in Utah, and this limit is set by state law. Depending on the relationship of the deceased to their legal heirs, the amount of money that they can receive can range from $5,000 to $100,000.

Related FAQs

Is there a limit on how much an intestate succession can be worth?

Related FAQs

Related Blog Posts