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Question about Inheritance?

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If both my parents suddenly die and none of them has a will or anything, what happens to all the money they have and/or properties they have?

Is it right that the Child automatically inherits everything?

What if there are more than one child?

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  1. Dying without a will is called intestate.  Here's something that may help:

    http://www.finance.cch.com/text/c50s10d1...

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