(a recent article by Eddie Thompson, Ed.D. of Thompson & Associates)

“When someone dies intestate (i.e. without a valid will), state laws determine how their assets are distributed. Intesta­­­­cy laws vary by state but generally prioritize spouses, children, and other close relatives. However, the process is far from straightforward. Without a designated executor, the court must appoint an administrator to manage the estate and distribute assets according to the law—though this may conflict with the deceased’s presumed wishes….

If you have procrastinated about creating or updating your will, don’t despair. Even notable historical and public figures have died without wills. The results, you will soon see, include prolonged disputes, financial loss, and irreparable family damage.” Most markedly, Abraham Lincoln, Howard Hughes, and Martin Luther King, Jr. failed to make provision for their estate and legacy.

For the complete article, visit this link to DYING INTESTATE.

-from Brian Garrison, Finance Director of BBFI Missions