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Unformatted text preview: o Life insurance, retirement plans, IRAs o Will and Intestacy rules do not matter-TRUST trust language-POSSESSION personal property o Will or Intestacy Intestacy-Spouse w/o children. . all of estate o w/ children. 1 st $150,000 +1/2 of probate estate-Children o Balance of estate divided equally-Grandchildren o Take the share their parent would have taken equal shares By representation Documents: -DPOA-Will o Intestacy: statutory pattern if no Will o Testacy: with a will Give estate to whoever. Federal Estate Tax...
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- Fall '10