How Do I Get My Kids Started on Their Estate Plan? Part Three

Explain what happens if they don’t do the planning:

It’s real simple. If your adult children don’t prepare an estate plan, Connecticut has one for them. They may not like it!

Here is a breakdown of the effect of the laws of intestacy in Connecticut, which I refer to not so affectionately as the State of Connecticut Estate Plan (i.e. this is what happens in probate if you don’t have a Will):

  • If you are married with children, and no children from a prior relationship, the surviving spouse will take the first $100,000 + ½ of the remainder. The children take the other ½.
  • If you are married with children, and at least one of the children is from a prior relationship, the surviving spouse will take ½ and the children will share the other ½ equally.
  • If you are married with no children, and your parents are alive, the surviving spouse will take the first $100,000 + ¾ of the remainder. The parents of the deceased spouse take the other ¼.
  • If you are married, with no children, and no living parents, the surviving spouse will take 100%.
  • If there is no spouse, but there are children, the children of the deceased share everything equally.
  • If there is no spouse or children, but the parents are alive, everything goes to the parents of the deceased.
  • If there is no spouse, no children, and no parents, everything goes to the brothers and sisters of the deceased.
  • If there is no spouse, no children, no parents, and no brothers and sisters, the next of kin take the inheritance, and if there is no next of kin…the State of Connecticut takes everything.

Do you, or someone you love, need to get an Estate Plan started? Reach out to us for help at (203) 651-5521 or use our online contact form HERE.

Categories: Estate Planning, Probate, Wills