When a person dies, they are called the decedent. A decedent’s property is distributed to their heirs and/or beneficiaries through the probate process.
If a person dies with a will, then they are said to have died testate. In such case, their property will be distributed according to the wishes expressed in the will.
When a person dies without a will, then they died intestate. In that case, their property will be distributed according to the laws of intestacy. Each State has their own rules for intestate succession, but they are all similar.
The size of the estate determines whether or not a formal probate will be required. Formal probates take longer and may be expensive. Informal probates are simpler and cheaper.
Read More About Probate
To read more about probate, please check out the articles listed below.
Probate – This article provides a basic overview of the probate process in general terms.
Personal Representative Attorney Fees in Wyoming – How personal representative and attorney fees are calculated. These fees are a major cost of the probate proceeding.
Affidavit of Survivorship in Wyoming – An article about one of the simplest and cheapest methods for distributing property of a decedent.
Executor vs Administrator: What is the Difference? – This post explains the differences and similarities between executors and administrators.