If you are married, all of your assets will automatically pass to your spouse.

Question

Quizplus · Accepted Answer

This statement is false. While some assets, such as joint property or assets held in a trust, may automatically pass to a spouse at the time of death, not all assets will. Additionally, if there is no valid will in place, state laws (known as intestacy laws) will determine how assets are distributed and this may not always mean all assets go to the surviving spouse. It is important to have an estate plan in place to ensure your assets are distributed according to your wishes.

If You Are Married, All of Your Assets Will Automatically