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intestacy

 - 4 dictionary results

in⋅tes⋅ta⋅cy

[in-tes-tuh-see]
–noun
the state or fact of being intestate at death.

Origin:
1760–70; intest(ate) + -acy
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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in·tes·tate   (ĭn-těs'tāt', -tĭt)   
adj.  
  1. Having made no legal will: an intestate parent.

  2. Not disposed of by a legal will: intestate lands.

n.  One who dies without a legal will.

[Middle English, from Old French intestat, from Latin intestātus : in-, not; see in-1 + testātus, testate, from past participle of testārī, to make a will; see testament.]
in·tes'ta·cy (-tə-sē) n.
The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Financial Dictionary

Intestacy

The act of dying without a legal will.

Investopedia Commentary

When a person dies without a will, the government will assume responsibility and determine the method by which assets will be divided.

See also: Assets, Beneficiary, Escheat, Will

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Legal Dictionary

Main Entry: in·tes·ta·cy
Pronunciation: in-'tes-t&-sE
Function: noun
Inflected Form: plural -cies
1 : the state of dying intestate : an intestate state or condition intestacy>
2 : INTESTATE SUCCESSION at, SUCCESSION intestacy whenever possible —Smith v. Estate of Peters, 741 Pacific Reporter, Second Series 1172 (1987)> < the remaining property passed by intestacy to the heirs>
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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