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Wednesday, July 27, 2011

If I die without a will, how will my property be divided?

If you are married, with no children, and your parents are deceased your spouse will take the entire estate.

If you are married and you are survived by a parent(s) your spouse will take the first $100,000 plus half of the remaining estate.

If you are married and you have children that belong to you and your current spouse, your spouse will take the first $50,000 plus half of the remaining estate.

If you are married and have children from a previous partner your spouse will take half of the estate. (Alabama Code § 43-8-41)

If that's not how you want your property divided, then you need to have a will. Call if I can help. -James Fancher (205)912-8247
Blankenship Harrelson, LLP

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