Dying without a Will, also known as intestacy, can be a difficult and costly process. Your Will is a legally binding document and making a Will ensures that you control where your assets go when you die. Without a Will, the courts have to be involved and this is lengthy as well as costly.
The Society of Will Writers, of which I am a member have put together this useful flowchart which illustrates very clearly what happens in the event of a person dying without a Will.
ˇ The term “children” includes illegitimate and adopted children, but not step-children.
° If those relatives were not living at the date of your death but they left descendants who are, then those descendants would usually inherit the share their parent would have taken had they survived you. Please note that this information is provided as a guide and only summarises the laws relating to intestacy in England and Wales as at 2014. This page illustrates the new rules set out in the Inheritance and Trustees’ Powers Act 2014 which came into force in October 2014.
These rules are fixed and the cannot be changed. Also, the courts can charge thousands of pounds for this process and it can take many months.
In order to avoid having to put your loved ones through this process and to make your own decisions as to who inherits what, it is most advisable to create a Will. As a trained lawyer and a Will Writer I can advise on the best way to set up your Will and what you need to be aware of.
I can also provide a secure document storage facility should you need somewhere safe to store your Will and any other related documents.
If you have any further questions about intestacy or dying without a Will please don’t hesitate to get in touch.
I, Amanda Harris, am a trained lawyer and a member of the Society of Will Writers. I visit my clients in their own homes at their convenience and am based in West Bridgford, Nottinghamshire. You can find out what my clients have said about my work on my website www.alhlegal-willwriters.co.uk/testimonials or get in touch by phone 0115 8780417 or email at email@example.com