In Louisville, Kentucky, a young couple went on their first date when the man, Edward Fey, who was 34 years old, suddenly and tragically died. According to police reports, the couple was riding on a moped. At the same time, a car turned and collided with the moped. The man died in the accident and the woman was taken to the hospital in grave condition. The man leaves behind three children with the youngest child at 5 years old. See: http://www.wave3.com/story/19558302/man-dies-woman-hospitalized-after-first-date?hpt=us_bn8
It is imperative to recognize the importance of estate planning in the event of a tragic death that is unexpected. If a decedent dies without a last will and testament, the estate is subject to intestacy by the New York Surrogate Court. Under the Estate Planning and Trusts Law (EPTL) 4.1-1, when a person dies without a last will and testament, all distribution, debts, administration expenses and reasonable funeral expenses will be deducted but all estate taxes shall be disregarded. Distribution of the estate shall then be as follows. If a decedent is survived by a spouse and issue, then fifty thousand dollars and one-half of the residue estate will go to the spouse, and the balance remaining will pass to the children. If a spouse dies without children, then the whole estate passes to the spouse. If there is no spouse and no children, then the whole estate will pass to one or both surviving parents. See: http://www.jdbar.com/Statutes/eptl-4-1_1.html
The attorneys at Leeds Brown Law, P.C. recognize the importance of proper estate litigation, helping families properly plan estates in Nassau and Suffolk counties, Manhattan, Queens, Brooklyn, Bronx, and Staten Island. For questions regarding estate litigation, please contact an attorney at the Leeds Brown Law PC law firm for a free consultation at 1-800-585-4658.