Intestate Succession-What happens when you die without a will or trust?

In this episode of the 8 Minute Estate Planner, Dusty King delves into the essentials of crafting an estate plan and the consequences of not having one. The discussion highlights how intestate succession—where the state determines asset distribution—can result in unintended beneficiaries and legal disputes. King emphasizes the importance of planning, especially for those with minor children, to ensure that assets are managed as desired and guardianship issues are clear-cut.