When people die without a will, the state’s intestacy laws dictate which heirs will inherit from the deceased person’s estate. Without a will, these heirs stand to inherit outright both personal belongings and money. Even with a will, a testator can decide which heirs inherit from the estate, but if there is no contingent trust set up for certain heirs, a financial inheritance can adversely affect these heirs.
The following five kinds of heirs are people who probably should not inherit large sums of money outright—either through a will or through the intestacy laws:
Affordable Housing Investors Buy Lakeside Villas In $29M Deal
Staff Reports
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Jan 26, 2023
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Work Continues On Covey, Envisioned As Midtown’s Neighborhood Nest
Miriah Hamrick
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Jan 25, 2023
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The Half Takes A Bite Out Of New Markets With Second Location
Miriah Hamrick
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Jan 25, 2023
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City To Begin Due Diligence On Potential Thermo Fisher Building Purchase
Johanna F. Still
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Jan 25, 2023
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Novant NHRMC Unveils Its Neurosciences Institute
Staff Reports
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Jan 25, 2023
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The 2023 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.