Wills And Trusts

When a person dies without a will, their money and property will be distributed in accordance with the laws of the state they lived in. Some types of property, such as money in joint bank accounts or proceeds of a life insurance, will be distributed to the designated beneficiaries who are selected at the time of opening of the account or purchasing the insurance. But regarding money and property without such appointed beneficiaries, the most common way to control who receives it is by writing a will.

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