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If you die without a Will, all your money and possessions (your Estate) will be distributed according to strict legal rules and regulations. These rules are called the Laws of Intestacy. In many cases the Intestacy Laws distribute an Estate in a way the deceased would not have wanted, sometimes with disastrous results.
Married: In the event of the death of a married person the Intestacy rules divide the Estate into shares with a share going to the surviving husband or wife (the spouse). The amount a spouse can inherit is restricted to an amount set by the government.
The popular belief that a spouse automatically inherits everything is simply not true. This is because your nearest 'blood relations' (children, parents, brothers, sisters etc) are also entitled to take a share under the Intestacy Rules inherit, with the rising values of Estates, the spouse's share could be the smallest one.
Fact: If you have not made a Will even your life insurance policies will not be paid until probate has been granted unless they are written into trust! (Probate will take many months, sometimes years to be granted!)
Fact: If your Children are orphaned and you have not appointed a guardian in a Will, then Social Services will decide who looks after them including allocating them to Foster Parents!
Fact: If there are no surviving members of your family then the whole Estate would go to the Crown (Government).
Cohabiting: Thousands of peopl e live together without getting married. Unfortunately most think that after a few years together or if they have children together, they then become a Common Law husband or wife and have same rights as a married person. Let there be no doubt about this. If you live with another person unmarried (including single sexed couples), with respect to finance and inheritance you are known as a Cohabitee and do not have the same rights as a married person. The general term Common Law means law based judicial decisions and custom.
So, if you are a Cohabitee the information on single people is more appropriate to you.
Single: If a single person dies without a Will the line of Inheritance can be complicated and can often involve people you've never met!
Here we go... first your children will inherit your whole Estate - if there are no surviving children next in line are your grandchildren - if you have no grandchildren then both your parents - if both have died before you then your brothers and/or sisters - if none then your nephews and/or nieces - if none then your grandparents - if none then your aunts and/or uncles - if none then your cousins (however far removed) and if no cousins, everything goes to the Government... phew!
If you are single and without a Will and I can hear you thinking well that’s OK it will go to my Children anyway, that’s may be partly true, but what also is true is it will take months and possibly years to sort our your affairs (obtain probate) and the Solicitors who sort this out will charge!thousands of £….sss for their work, this is Money that for the sake of making your Will (£55) that you could have left your Children!
Even if you have no Children or close family many people would want their Estate to go to close friends or a charity rather than the Government or unknown relations
Fixed Price £55 each (No vat)
please telephone Paul on 07528705868
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