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Yes
- The simple answer for most people is ‘yes’ it does matter if you do not have a Will. The impact in some cases can be very significant. In some circumstances the Intestacy Rules may produce the same result as the one you would want if you had made a Will.
www.mckenzielaw.co.uk/2023/04/18/intestacy-rules-what-happens-if-i-die-without-a-will/
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Find out who is entitled to a share of someone’s property, possessions and money if they die without making a will.
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- Make A Will to Ensure Your Wishes Are Clear
The legal authority to deal with a deceased person’s estate rests with the deceased’s ‘personal representative’. The personal representative is selected in a number of different ways depending upon the deceased’s circumstances. Firstly, if the deceased had a will in place then the will should appoint a person or people to be their executor(s). In t...
Generally speaking, a person’s estate comprises all their solely owned assets (such as bank accounts, property, investments and personal belongings) and all their liabilities like loans, mortgage and credit cards. If assets are jointly owned with someone else, such as a joint bank account, then it does not form part of the estate for succession pur...
Where there is no valid will in place then the deceased’s estate is distributed in accordance with how the law dictates, called the rules of intestacy.
The only way to make sure that your wishes are clear is to put a legally effective will in place. This not only deals with the division of the estate but also who you want to be in charge of dealing with matters after your death. Protecting your spouse and children is something that we naturally do during our lifetimes, so putting a will in place i...
If a person dies without leaving a will, they’re called an ‘intestate person’. Usually married partners, civil partners, and some relatives can inherit under the rules of intestacy. However, the rules can be complicated. Check if you can inherit if someone dies without a valid will on GOV.UK.
If you are in any doubt as to whether or not you should make a will, you should consult a solicitor - find out how to get legal advice. For more information about what happens if someone dies without making a will, see Who can inherit if there is no will – the rules of intestacy .
Oct 19, 2023 · The rules of intestacy changed on 26 July 2023 meaning that if you die after this date without a valid Will or no Will at all and are married or in a civil partnership with children, the statutory legacy your spouse/civil partner will received has increased from £270,000 to £322,000.
We cover what could happen if you were to die without a Will, and how gifting to loved ones whilst you’re still alive could play a critical role in planning your estate.
When someone dies without leaving a valid will, what happens to their estate (so everything that they owned upon their death) will depend on the ‘intestacy rules’ for the country they lived in. Usually, it will go to their spouse or another close family member – but there are important key differences depending on where you live, even ...
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