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Intestate Succession Wisconsin Form

Intestate Succession Wisconsin Form

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Hello. Today I want to talk about dying without a Will. Otherwise known as intestate succession. Let's start with the definition. Intestate succession involves a set of laws that determines who will receive your property if you die without a Will. Remember that this does not include assets transferred automatically by law, for example, joint tenancy accounts, life insurance, or retirement accounts. Intestate succession requires us to first determine whether the decedent (the person who died) was married or not. If they were married or in a registered domestic partnership, we first have to understand the concepts of community property and separate property. Community property is the income that you earn during your marriage or registered domestic partnership and property that you bought during your marriage or partnership. It's considered owned half by you and half by your registered domestic partner or spouse. Separate property is the property that you owned prior to ge

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