Legal Question in Wills and Trusts in Florida
no Will
I know an 87 year old women has no
will and no children.How does her
money get distributed.She has nieces
and nephews and does the state get
any money
Asked on 8/08/08, 9:31 am
1 Answer from Attorneys
Alexander Kaplan
Alexander L. Kaplan, PA
Re: no Will
If she has no relatives who are closer than nieces and nephews, then they will share equally in her estate. The State of Florida takes nothing unless she has to pay federal estate tax. The exemption this year is 2.5 million dollars; anything less than that and there is no estate tax.
Answered on 8/08/08, 8:25 pm