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Making sense of illness, death and taxes through the eyes of Attorney and Author, Melinda Gustafson Gervasi
Wednesday, February 15, 2012
What Is Intestacy?
Intestacy is one of those estate planning words that people know they have heard before, but cannot really give a definition when asked. Simply put, intestacy means you have died without a will. As a result, state statute will control the disposition of your probate property (property that does not have a beneficiary form). The rules for distribution in Wisconsin are visually displayed in this chart. Some people are fine with the State's assumptions, some are fine up to a certain point, and others disagree completely. Take control of the situation by doing a will, avoid the intestate estate.
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definition,
Probate
Melinda Gustafson Gervasi is a Madison attorney and author whose current practice focuses on estate planning and probate. She is committed to increasing the public’s understanding of estate planning and probate issues. In 2013 she released her first book, Middle Class Philanthropist where she illustrates how anyone can leave a legacy. Gustafson Gervasi Law Office, LLC, 5555 Odana Rd., Suite 205, Madison, WI 53719
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