Each state has intestate laws that govern how a person’s property is distributed at death. Most people are surprised to learn who may or may not inherit their property based on these laws.
The best way to prepare yourself is with an Estate Plan which could include a Last Will and Testament and/or a Trust. In addition, most people are not prepared for becoming incapacitated meaning physically or mentally unable to care for themself. In this case, who would handle financial matters for you? Who would handle health care decisions? Here is a quick article written by our strategic partner, Warner Lewis of Life Planning Inc. that will help.