[Newsletter]Who will inherit the $3mil?

If both the husband and wife met with an accident, without a Will, how would their estate be distributed?
A : Husband's parents

B : Wife's parents
The answer is A will get $1mil and B will get $2mil

Since both died together, the older (by age and not by gender) is deemed to die first. As the Wife is younger, and by Intestate Succession Act, Husband is considered to die first.

When Husband dies, since there's no children, half will go to the parents and half to the wife. With $2mil assets, $1mil will go to his own parents and $1mil will go to his wife.

Next is Wife dies, since there's no children, and since husband is no longer around, all her assets of $2mil ($1mil from the husband whom die together and another $1mil from her own) will go to her parents.

More details here can be found in the previous article "Does everybody have a Will?"