Legal Definitions - intestate share

Definition: The share that a person who renounces a will would receive from the assets of a deceased person if the deceased person did not leave a will that affects the distribution of assets.

Example: If a person dies without leaving a will, their assets will be distributed according to the laws of intestacy. The intestate share is the portion of the assets that would go to the person who renounces the will. For example, if a person dies without a will and has two children, the intestate share would be divided equally between the two children.

This term is important in estate planning because it highlights the importance of having a will. If a person dies without a will, their assets may not be distributed according to their wishes, and the intestate share may not reflect their true intentions.