Outlook Money
If a person dies intestate, i.e. without a will, and if there is no legal heir, the state takes over the assets under the escheat doctrine.
It allows you to list the details of the assets and their share for each legal heir/s.
List details of all your assets, including physical and digital holdings, and declare the share for each legal heir.
Always include the name of the executor in the will.
You must provide clear directions for the executor to make the will effective in situations like a medical emergency when you are unable to make decisions.
Compiled By Himani Verma