Intestacy And Your Estate

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Intestacy and Your Estate
Basic Concepts
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Spouses
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Community and Separate Property
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Washington is a community property state
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When you die leaving behind spouse, your spouse
will receive your half of the property the two of
you acquired while you were married
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The separate property you have will be divided
between your spouse and your next of kin
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Personal
Representatives
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Managing Your Estate
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After you die, someone will have to take control
over your property and manage it while
determining who is the rightful inheritor
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This person is your personal representative, and
will be appointed by the probate court
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Insolvency
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Debts and Assets
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Some estates do not have enough assets to cover
the debts left behind
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Your personal representative will have to
determine if there are any debts and will have to
use estate property to pay them
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If there are more debts than assets, your estate
will not have enough property to give out
inheritances
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Avoiding Intestacy
and Other Issues
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Wills, Trusts, Powers of Attorney, and More
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While you can easily avoid intestacy by creating
a last will and testament, a will is not the only
estate planning tool you need
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Other devices, such as trusts or powers of
attorney, will serve specific purposes that you
cannot address through a will
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Learn More About
Intestacy in Washington
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