Urban myths and misconceptions about Wills, probate and inheritance have been around for generations. But have you stopped to think about whether there is any truth to any of them?
Myth #1: My estate will automatically pass to my wife or husband after I die, so there’s no need to make a Will.
Only up to a point. Whilst it is certainly true that there are clear benefits to being married, you should not assume that your husband or wife will automatically get everything if you die without putting a Will in place.
The real picture of who gets what depends ultimately on the value of your estate and who your closest relatives are. Your spouse may not automatically inherit your full estate.
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