Rules of intestacy-one surviving spouse and children, Financial Accounting

The intestate leaves one surviving spouse and children

The surviving spouse is entitled to:

a. The personal and household effects of the deceased absolutely;

b. A life interest in the whole residue of the net intestate; if the surviving spouse is widow, this interest ceases upon her re—marriage to any other person. On the death of the surviving spouse (or on her re—marriage if she is a widow), the residue of the net intestate estate is equally divided among the children alive at the moment of death (or re—marriage) of the surviving spouse.

Posted Date: 12/13/2012 4:10:31 AM | Location : United States

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