Understanding Intestacy Laws and Asset Distribution

The video tutorial explains intestacy, which occurs when someone dies without a will. It covers how state laws determine asset distribution, introduces key terms like decedent, issue, and ascendants, and describes basic and complex scenarios. The tutorial also explains three intestacy regimes: per capita, per stirpes, and by representation, highlighting how each affects asset distribution among descendants.

What is the significance of grandchildren in the context of intestacy law?

Explain the difference between the per capita and per stirpes approaches to asset distribution.

How do different states approach intestacy law, and what are some variations?