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.