{"id":13088,"date":"2022-08-11T08:44:56","date_gmt":"2022-08-11T08:44:56","guid":{"rendered":"https:\/\/fearscom.local\/?p=13088"},"modified":"2025-02-27T21:04:31","modified_gmt":"2025-02-27T21:04:31","slug":"dying-without-heirs","status":"publish","type":"post","link":"https:\/\/fears.com\/es\/dying-without-heirs\/","title":{"rendered":"Dying Without Heirs"},"content":{"rendered":"

Estate planning is typically viewed as a method of ensuring your assets are passed to on to your spouse and children at death. However, a growing number of the United States population is choosing to hold back on both marriage and children: In 2017, the U.S. Census Bureau recorded the percentage of adults living without children climbed from 52.3% in 1967 to 71.3% and noted a 44% decline in married households overall.[1]<\/a> Today, it is estimated that one in five U.S. adults does not plan on having children.[2]<\/a><\/p>\n

So, what kind of estate planning\u2014if any\u2014should a single, childless person consider? Estate planning generally involves drafting and executing either a will or trust, sometimes both. But first, let\u2019s consider how your assets will be distributed in the absence of any estate planning: under the laws of intestate succession.<\/p>\n

In Texas, the laws of intestate succession operate as the state\u2019s default estate planning mechanism for those that die without a will, also known as dying \u201cintestate.\u201d Intestate succession distributes your property to your surviving relatives.\u00a0 In the case of a married individual with children who dies intestate, their surviving spouse will inherit all of the decedent\u2019s community property and 1\/3 of their separate property, with the child or children inheriting the remainder of the decedent\u2019s separate property. In the case of an unmarried individual with no children that dies intestate, their surviving parents and\/or siblings will inherit all of the deceased\u2019s property. In the case of an individual who dies intestate with no spouse, children, or surviving family members, their property is distributed to the state.<\/p>\n

For many, intestate succession seems to be a suitable means of leaving property to those that survive them. Roughly 60% of Americans do not have a will or other means of estate planning in place.[2]<\/a> However, creative estate planning can ensure your hard-earned assets continue to benefit causes important to you once you\u2019re gone, particularly if a spouse or child is not in the picture. Preparing a will or trust identifying a charity or even a pet as a beneficiary is valuable for both your peace of mind and for causes you want to support beyond your lifetime. Both wills and trusts can be drafted to leave your assets to charities of your choosing, with wills giving gifts to the charity outright, while a charitable trust can manage your assets and make periodic payments to charities of your choice for specified periods of times.\u00a0 Likewise, both wills and trusts can be drafted to accommodate your surviving pets, through what is called a \u201cpet trust.\u201d A pet trust enables you to identify the party to carry out the terms of the trust, the pets to be supported by the trust, and the assets you wish to leave to support your pet after your passing. For more information on preparing estate documents that make creative and productive estate planning documents in the absence of heirs, contact Fears Law today!<\/p>\n

[1]<\/a> More Adults Living Without Children (census.gov)<\/a><\/p>\n

[2]<\/a> Survey: 60% of Americans lack will or estate planning (aarp.org)<\/a><\/p>\n\n\n\n

<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

What kind of estate planning should a single, childless person consider? Attorney Paige Burough discusses the laws of intestate succession and how you can use creative estate planning to ensure your assets are left to causes that matter to you most.<\/p>","protected":false},"author":2,"featured_media":14651,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"image","meta":{"inline_featured_image":false,"footnotes":""},"categories":[16],"tags":[31,23,32],"class_list":["post-13088","post","type-post","status-publish","format-image","has-post-thumbnail","hentry","category-probate-and-estate-planning","tag-paige-burough","tag-business-law","tag-estate-planning","post_format-post-format-image"],"yoast_head":"\nDying Without Heirs - Fears Law<\/title>\n<meta name=\"description\" content=\"Attorney Paige Burough discusses the laws of intestate succession and how you can use creative estate planning to ensure your assets are left to causes that matter to you most.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fears.com\/es\/dying-without-heirs\/\" \/>\n<meta property=\"og:locale\" content=\"es_MX\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dying Without Heirs - 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