One of the main reasons people create an estate plan is to avoid intestacy. Unfortunately, most people have no idea what intestacy is, much less know that avoiding it is a good idea. Having a basic understanding of how intestacy can affect you and your family is a great way to understand why creating an estate plan is so important. So, let’s take a closer look at what intestacy is and why it is so important.
Topics covered in this report include:
- The Ability to Choose Your Heirs
- Probate Property and Your Estate
- Intestate Succession
- Intestacy Choices and Your Choices
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Timothy P. Murphy is an estate planning and elder law attorney whose practice emphasizes helping people to build, preserve and pass on their wealth. He works with his clients to accomplish their goals while avoiding unnecessary court proceedings and minimizing or eliminating exposure to death taxes.
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