Your last will does not control the distribution of your life insurance, retirement plans, and trusts—basically, the types of assets that are paid in accordance with beneficiary designation forms, unless your designations of the life insurance proceeds are specifically designed to cause the proceeds to flow through your last will.
If you don't have a will, state law controls who will receive your property. Generally, this means that your property will go to your heirs and spouse (if you have one). Depending on your circumstances, state law would probably require that your property be distributed to the following people:
- Your spouse
- Your children
- Your relatives (parents, siblings, grandparents)
Related content:
- How to write a will
- What is a living will?
- Will vs. Estate Plan
- Find more information about wills
- Start your will today
Please note: This page offers general legal information, not but not legal advice tailored for your specific legal situation. Rocket Lawyer Incorporated isn't a law firm or a substitute for one. For further information on this topic, you can Ask a Legal Pro.
