Wills and trusts give you the ability to decide what happens to your property after you die, including everything from your car and savings account to family heirlooms. Comprehensive estate planning is the only legally enforceable way to make sure your wishes are respected and can prevent intense conflicts between family members over money or sentimental items. If you pass away without preparing a will or establishing a trust, there’s no guarantee that your intentions will be honored.

Wills & Trusts: What Happens If You Die Without One?

No matter how often or how clearly you’ve expressed your wishes about the distribution of your property, if you pass away without a will, your assets will be divided according to a formula in state law. The particulars may vary from one state to another, but in general, the bulk of your belongings will go to your closest relatives, regardless of the strength of those relationships or your own preferences.

For instance, if you’re single without children, your parents will take possession of your belongings, even if you’re estranged. If your parents have already passed on, then your siblings will become the beneficiaries of your estate. If on the other hand, you have children of your own, your belongings will be evenly divided among your kids, even if you’d intended to leave some of your belongings to another family member or friend.

State laws vary widely on how the estates of married people are distributed. Without a will or trust, your spouse could inherit everything, or the bulk of your assets could go back to your parents anyway. If you have children, the formula grows even more complicated—and even less likely to reflect your plans. Wills and trusts ensure that your estate is distributed according to your wishes.

As a skilled estate planning attorney with over 30 years’ experience preparing wills and trusts for clients throughout Hamden, CT, Steven P. Ciardiello, Esq., P.C. has the skills and in-depth knowledge to help guarantee that your wishes are respected and your loved ones are taken care of. Visit their website now to see an overview of their legal services now, or call (203) 248-8000 to schedule your consultation with an attorney.