Best Probate Attorneys in Greenwood, IN

Is my spouse automatically my beneficiary? People make a grave error when they don’t have a will because they believe their surviving spouse will automatically inherit all of their worldly goods. The law of intestacy work differently, as explained in a recent article “Estate Planning: The spouse doesn’t always get everything” from nwi.com. The surviving spouse rarely receives everything under the intestate laws. This often comes as a surprise to people. The usual response is “Oh, that can’t be right.” Oh, but it is! In many states, one half of the decedent’s probate assets are distributed to the spouse and the other half are distributed to the decedent’s child or children. If it’s a second or third marriage and the couple didn’t have children of their own, the surviving spouse ends up with even less. Assets may be divided between the spouse and biological children. Each state has its own laws of intestacy, dying without a will, so an estate planning attorney who practices in your state needs to be contacted to determine what would happen to your spouse if you didn’t have a will. Book a call with Vick Law, P.C. today. Our attorney will thoughtfully guide you in creating a plan that best protects your spouse and your children.