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Mutual Wills or Last Will and Testaments for Unmarried Persons Living Together with Adult Children Alabama Form

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Mutual Wills or Last Will and Testaments for Unmarried Persons Living Together with Adult Children Alabama Form

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hi welcome back to finally revealed in this episode I want to talk about how property passes through intestate succession intestate succession means the person doesn't have a will if you die test date it means you had a will if you die intestate means you didn't have a will if you a person does not have a will and they die the first of all the property that they have arranged to be conveyed or transferred to somebody when they die still sticks okay and that means if you have pay on death on a bank account if joe marks pay on death to suzy when he dies Suzy goes in shows a death certificate the account is transferred over to her we are familiar with beneficiaries on life insurance and beneficiaries on retirement plans those beneficiaries that are designated with the company again show the death certificate transfer the property cars can be titled that way transfer on death real estate can be in certain states you can have a testamentary deed that is recorded that passed

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