Intestate in real estate refers to the situation where a person dies without a valid will. When an individual passes away intestate, the distribution of their property is governed by the laws of the state where they resided. These laws, often referred to as intestacy laws, outline the specific order in which family members or other beneficiaries will inherit the deceased person's assets.
Would you like to learn more about Real Estate? Have you ever wanted to become a New Jersey Real Estate Salesperson License holder? Want to know more about being a New Jersey Licensed Real Estate Agent? Click on the link for the schedule of our upcoming classes for Real Estate: tocrres.com
Most cases are types of this term, but we call it by other names, not Intestate. When the owner dies without a valid will.
Click here Quality Home Cleaning Services in Charlotte NC