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Windows 7: question about american inheritance laws

20 Jun 2012   #1
kf10

Win 7 home premium 32 bit
 
 
question about american inheritance laws

what are american inheritance laws

lets say an ameircan person died

he had US $ 100,000/= in bank

and 3 houses in his name

and owner of brand new toyota

he has two children

how much the children will get
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20 Jun 2012   #2
Zepher

Windows 7 Ultimate 64bit
 
 

Depends on the state he was living in.
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20 Jun 2012   #3
kf10

Win 7 home premium 32 bit
 
 

lets suppose he is living in illinois
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.


20 Jun 2012   #4
Zepher

Windows 7 Ultimate 64bit
 
 

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20 Jun 2012   #5
gladson1976

Windows 7 Ultimate x86 build 7600 (XP, 98SE, 95, 3.11, DOS 7.10 on VM) + Ubuntu 10.04 LTS Lucid Lynx
 
 

Maybe this would help

Quote:
Sec. 2-1. Rules of descent and distribution. The intestate real and personal estate of a resident decedent and the intestate real estate in this State of a nonresident decedent, after all just claims against his estate are fully paid, descends and shall be distributed as follows:
(a) If there is a surviving spouse and also a descendant of the decedent: 1/2 of the entire estate to the surviving spouse and 1/2 to the decedent's descendants per stirpes.
(b) If there is no surviving spouse but a descendant of the decedent: the entire estate to the decedent's descendants per stirpes.
(c) If there is a surviving spouse but no descendant of the decedent: the entire estate to the surviving spouse.
Source: 755*ILCS*5/*Probate Act of 1975.
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20 Jun 2012   #6
kronckew

Win 7 ultimate x64 sp1
 
 

did they die intestate? a proper will generally would determine who gets how much. the tax laws would then determine how much of that portion goes to the state. if there is no will, the disbursement depends on a variety of things all different based on the state rules. is there a wife involved, it may, intestate, mean it all goes to her. even if she was not the children's mother.

the rules are deliberately confusing so you have to hire a lawyer. they were written by lawyers to ensure their livelyhoods.

edited:
ah, gladstone beat me to it. i see in il. the child might get some in any case. note the lawyer talk to make it unintelligible to mere mortals.
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