What happens to my assets if I die without a Will?

If you die without a Will, the state will decide how your assets are distributed based on statutory law. This is called “intestate succession.” More information about intestate succession may be found in North Carolina General Statute Chapter 29, and in general, is similar to what most people would like to have their estate planning follow in terms of distribution to children and a spouse. However, without a Will, you are unable to set up any specific bequests, the terms of a testamentary trust for minor children, share burial or funeral prearrangements or set up guardianship for your children, among other things.