Read “5 Things That Can Happen If You Die Without a Will” here! Estate Distribution and Dying Without a Will The estate planning process is when you plan with your spouse and attorney on what things should go inside the estate. The less an estate has, the sooner everything can be wrapped up. Many people choose to pass on family heirlooms before they die to make their estate easier to distribute.
DOES A WILL HAVE TO BE NOTARIZED IN SOUTH CAROLINA HOW TO
If you die without a will in South Carolina, the law determines how to distribute your things.Įstate planning is just that–planning for what goes into the estate. If you die without a will, the court appoints an administrator, who will “administer” your estate under the estate distributions laws of South Carolina. An executor “executes” or carries out your wishes, written in your will. If you have a will before you die, an executor handles your estate. That’s why you have help from family members or legal professionals during estate distribution after you die. You can’t hand out or sell your property anymore. Your estate can own and sell property (with some help from the living). Your estate now owns everything that you owned during your life. Once you die, though, everything in your big, imaginary property box is dumped into a different box called your estate. You can freely take your property out of that box, give it away, or sell it during your life.
What is an estate? Imagine that everything you own–your house, your car, your bank accounts, etc.–is inside of a big box. This article will walk through different scenarios under South Carolina law.įollow us on Twitter and Facebook! Estate Distribution 101: What is Estate Planning? Have you ever wondered what happens when someone dies without a will? More specifically, have you wondered how estate distribution works among family members? Which relatives would inherit what, if anything?
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