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Reply to "Dying in DC without a will -- How does asset division between spouse and children work?"
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[quote=Anonymous]Attorney here. Get a will asap. You have a disaster scenario that will likely occur if you die. Minor children will take 1/3 of everything and they absolutely can own it. What they can do is sell it. So your surviving spouse will spend a small fortune and six months to a year in court to enable her to sell them and there is a chance a different custodian of their money will be appointed (the cost of which will come from their third). If you are unfortunate enough to live month to month but own a home your family will likely loose it to foreclosure. You have no greater priority in your life right now than to get a will. [/quote]
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