subject: If You Are Without a Will [print this page] If You Are Without a Will If You Are Without a Will
For several reasons like busy professional work and career, most fathers now have neglected or may not even know the importance of executing a will to place things in order in case of sudden death. I, Dennis Gac, will help you as the head of the family to rule and ensure that things are set in its proper order even after you are gone. The comprehensive material provides a comprehensive discussion on what might happen if you die without a will.
Dying without a will when you are married with children
Contrary to common belief, the spouse does not take all properties of the deceased husband if the latter did not execute a last will and testament. The law states that only one-half or even one-third of all assets left will be given to the spouse. The rest will be divided among the children, regardless of age. At this point, a will is essential in order to secure your children's fair share, especially if the spouse is not the biological mother.
2. Dying without a will when you are single with children
The provision of law states that when a single person with children dies without a will, all properties will be given to the children. If the kids are of a minor age, an administrator will be designated by the courts to distribute and handle these possessions until the children reach the legal age.
To know more about the anatomy of will and other important facts, read on The Fathers' Right Asset Protection Plan authored by Dennis Gac.
