intestate succession

intestate succession definition - business

intestate succession

The sequence in which assets of an estate are distributed when the deceased dies without a will. The sequence is determined by a state's descent and distribution statutes.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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