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Man leaves behind $40 million, with no will, no heirs

A man who lived in a neighboring state has left a large sum of money after he recently passed away. The problem is he has no apparent will, and no living heirs. With an estate valued at approximately $40 million, the state will start an extensive search to see if the man ever had a will. They will also hire a genealogist to research whether the man has any living heirs.

According to reports, the man amassed a fortune through real estate development after moving to the United States following World War II. He was a Holocaust survivor, and reportedly met a woman after the war. They married, but later divorced and never had children. Many people are wondering how the man was able to amass so much wealth, but never had a will constructed.

While many people might think that wills and estate plans are just for wealthy people, they can be beneficial to anyone, no matter their age or financial status. Speaking with an experienced estate planning attorney in New Jersey might be a wise decision. They can help a person understand what documents they might need and help them construct the appropriate language.

If a person never formulates an estate plan, a search for any heirs might be conducted, and the state of New Jersey could determine who inherits money and property from a person's estate. This can happen if a person has a small or large amount of assets. If a person's wishes are unknown to the state, they would distribute assets according to the law.

Source: New York Times, "Holocaust survivor left $40 million, but no heirs," Julie Satow, April 27, 2013

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