Outlook Money
Dying intestate means when a person dies without making a will.
If a person dies intestate, the court issues a notice to determine the claimants over the dead person’s property.
Each eligible heir will get a share in the property under the law, or they can mutually decide who gets what.
The first right is of the person’s surviving parents and, in their absence, their siblings. Children of a single parent will also get a share.
The property will be divided between the children, if any, and the spouse. If it is a joint ownership, it is divided among the spouse, siblings and parents.
It divides heirs into Class I, the immediate heirs, and Class II, the distant relatives.
Property disputes may also arise due to cross-religion marriages. The Act provides equal rights to a property after the spouse's demise.
A will is a legal document confirming the estate succession plan as per the testator’s wishes after death. It helps decide who gets what.
It helps prevent family disputes and lawsuits over a property.