Tens of thousands of people every year have their bereavement compounded by the fact that their loved ones left no clear instructions on how their estate should be dealt with in the event of their death, and face court battles and large expenses to try and solve the puzzle.
Research has highlighted that almost everyone makes the wrong assumption over who would benefit if they died without a Will. Most married people assume their spouse ‘automatically’ inherits everything they own, with or without a Will. This is not true.
Married couples can only ensure guaranteed inheritance of their entire estate from each other if there is a Will.
Most Parents think that after both of them pass away and if their Child is still a Minor the Custody of their Child passes to a Near Relative. This is not true as in such cases the Court Decides ‘Who gets the custody of the Child?’
So, the consequences of not preparing a ‘Will’ are very damaging for the people you leave behind.