In some instances, a person passes away before they were able to make a will and therefore, the future of their assets are for their family to determine. In New Jersey, if you die without a will, your estate will be handled under the laws of intestacy. Basically, your property will be dispersed to your family, whether it be your wife, children, parents, brothers, or nephews. If you die without a will, the court will appoint an administrator, usually a family member, to administrate the property and to determine how the property should be dispersed under the laws. In the event that you don’t have a spouse, children, parents, grandparents, nieces/nephews or literally any other family member, the assets that you have now belong to the state that you resided in and they will sell them from there.
It is always a difficult time for the loved ones of a recently deceased person, but when they do have a will, it eases one aspect of this stressful situation. Therefore, if you do not have a will, it is best that you seek legal counsel from an experienced attorney to create one so your estate is handled in the way that you want it to be.
Juan C. Velasco, Esq. is a trusted attorney who has been serving the New Jersey area for over 25 years. If you are in need of experienced legal counsel, please contact Velasco Law Office and we will be happy to assist you.