Busting five common myths about Wills
By Cristian Angeloni, 6 Nov 19
As mutual insurer Royal London discovered 57% of Brits don’t have one
Click through the slides below to find out more
November in the UK is Will Aid Month; so, following research showing that nearly three in five adults do not have one in place, mutual insurer Royal London has addressed five misconceptions about them.
My children will be cared for by my immediate family if I die.
Two in five (39%) people incorrectly believe that the legal responsibility for children will automatically go to the immediate family if their parent(s) were to die without a Will.
Without a Will in place the legal responsibility for any dependent children under 18 would fall to the courts, until a decision is made about who will become their guardians.
If I separate from my spouse my assets won’t go to them.
Nearly a third (31%) of people didn’t know what would happen to their assets if they separated from their spouse.
A Will is technically valid even if you separate from your spouse. Until you divorce, your spouse could still be entitled to your assets.
Click through the slides above to see what other assumptions people get wrong.