A question was posed regarding the death of a spouse leaving a wife and 5 children without benefit of a Will. For real estate, if the property was owned jointly with the wife, the property will go by joint ownership to the wife. The other assets would go as follows: The first 30,000 would go to the spouse and the remaining would be split 50% to the wife and 50% equally distributed to the 5 children. Note, this would include any real estate that was owned in the husband’s name alone. If any child is under the age of 18 their share will be held for them and given out right to them at the age of 18 years of age.
Would this be the result you would like to see for your estate? Many would say no! Save your estate by making a Will today. Contact us at http://www.ythlaw.com/