Saturday, January 9, 2010

Is the spouse automaticly the recipient of assets rather than children in the event of death.?

yes unless otherwise stipulated in a will but if the children are underage then the spouse would have control of the assets until the children turned 18.Is the spouse automaticly the recipient of assets rather than children in the event of death.?
If the deceased was without a Will, then the court will decide how the assets are allocated. It is likely that a sole spouse will receive everything, but it is not guaranteed, especially if any of the children dispute the judgement. It is a lot safer to get a will drawn up - it is a lot easier and cheaper than most people think, and can save a lot of hassle and heartache at what is already a difficult time.Is the spouse automaticly the recipient of assets rather than children in the event of death.?
only wife you have ever had yes. if a second or third then she gets 1 child's portion in most cases if you die intestate

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