If you die without any estate planning documents directing the transfer of your assets, you are said to have died intestate. The exact scenario that will unfold after your passing will vary depending on the circumstances. A very interesting intestacy case is currently playing itself out in the state of New York. Back in 2012 a Holocaust survivor name Roman Blum died in possession of an estate valued at some $40 million.
Topics covered in this report include:
- Negative Consequences