Intestate succession is the legal process that comes into play when someone passes away without a will or other legally valid documents dictating how their assets should be distributed. Intestate succession can be a complex and daunting process, especially for those unfamiliar with the laws of their state. In Tennessee, intestate succession follows specific guidelines that dictate how a deceased person’s assets are distributed when they haven’t left behind a valid will. In this blog, we’ll explore what intestate succession entails in Tennessee, how it works, and why having a will is crucial for avoiding potential complications.
Understanding Intestate Succession in Tennessee
In Tennessee, intestate succession is governed by statutes outlined in the Tennessee Code. When someone dies without a will, their assets are distributed according to these laws, which establish a hierarchy of inheritance based on the deceased person’s surviving relatives.
The specifics of intestate succession in Tennessee are as follows:
- Surviving Spouse: If the deceased person is survived by a spouse but no children or other descendants, the spouse inherits the entire estate.
- Surviving Spouse and Children: If the deceased person is survived by a spouse and children, the estate is divided between them. The surviving spouse typically receives a portion of the estate, with the remainder divided among the children.
- Children and No Surviving Spouse: If there are children but no surviving spouse, the estate is divided equally among the children.
- Parents: If there are no surviving spouse or children, the estate passes to the deceased person’s parents in equal shares, or to the surviving parent if only one is alive.
- Siblings: If there are no surviving spouse, children, or parents, the estate passes to the deceased person’s siblings, or their descendants if the siblings are deceased.
- Other Relatives: If there are no surviving relatives as described above, the estate may pass to more distant relatives, or ultimately escheat to the state.
- Lack of Control: Without a will, you have no control over who inherits your assets. Your estate will be distributed according to Tennessee’s intestate succession laws, which may not align with your wishes or values.
- Potential for Family Disputes: Intestate succession can lead to family conflicts and disputes over asset distribution. Family members may disagree about who should receive what, leading to tension and resentment among heirs.
- Complexity and Delay: Intestate succession can be a lengthy and complex process, particularly if there are disputes among heirs or uncertainties regarding the deceased person’s estate. This can prolong the settlement of the estate and increase administrative costs.