If one Spouse has all their savings in their name only - in the event of their untimely death, can the other Spouse access the Savings in a hurry?
Or are there legal hoops that would need to be gone through?
If there is no Will made?
We currently place Savings in either one of our names or the other, just to save on the admin when opening new Bank Accounts, which we are doing frequently in order to chase better interest rates.
But if one of us died, could the other get the money out straightaway?
Or are there legal hoops that would need to be gone through?
If there is no Will made?
We currently place Savings in either one of our names or the other, just to save on the admin when opening new Bank Accounts, which we are doing frequently in order to chase better interest rates.
But if one of us died, could the other get the money out straightaway?