Is it true that if I die without a Will the state will take all of my assets?
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Is it true that if I die without a Will the state will take all of my assets?
Asked on July 25, 2013 under Estate Planning, Oregon
Answers:
Nathan Wagner / Law Office of Nathan Wagner
Answered 11 years ago | Contributor
That is not true. If you die without a Will, your assets will go to your family members in the order described by your state's laws of intestacy. In most states, that means your spouse takes your assets; if you have no spouse, your children take; if you have no children, your parents take; etc., etc., etc.
If you have no family members at all, then your assets will go to the state.
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