If you have passed away before you had time to compose a will, you have died “intestate” and the state will take over the distribution of your estate. Instead of you having complete control of who gets what, all that responsibility is handed down to the court. This can be a big problem if you are estranged from your blood-relatives, as intestate uses your family as the basis of your distribution. So if you feel strongly about one or two family members not having access to your assets, it is a smart idea to meet with a knowledgeable estate planning attorney before your death. Each state has a different method for distributing intestate and the order in which it is distributed to your family depends on whether you have a living spouse or children. If you have specific questions about intestate distribution consequences from your estate, speak to an experienced estate planning attorney.
As a business owner, there are two professionals you want on your side early: an accountant and a business lawyer. Both are infinitely useful in the overall success of your business. The right legal counsel