Published On: Tue, May 2nd, 2023

What Happens if You Die Without a Will? It Depends

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 last 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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