What is meant by "intestate"?

Master the Colorado Property Certification Exam. Use flashcards and multiple-choice questions with hints and explanations to prepare. Ensure success in your exam!

"Intestate" refers specifically to a situation where an individual dies without leaving behind a valid will. In this circumstance, the distribution of the deceased person's assets and property is governed by the laws of the state in which they resided at the time of their death. Each state has its own intestacy laws that outline how property is allocated among surviving relatives, which can differ significantly from the deceased's potential wishes had they created a will. Understanding the concept of intestacy is crucial in estate planning, as it highlights the importance of having a valid will to ensure that one's assets are distributed according to personal intentions rather than default state laws.

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