The Confusing Fallout of Dying Without a Will

If you die without a will, a range of state laws dictate who gets your assets, and your loved ones may get nothing

Despite potentially devastating consequences for their heirs, millions of Americans still haven’t written a will.

While the total real wealth of households has tripled over the past three decades, according to the Congressional Budget Office, 54% of Americans told Gallup they didn’t have a will in 2021. Even the wealthy put off estate planning—one in five Americans with investible assets of $1 million or more don’t have a will, according to a recent Charles Schwab survey.

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