THE IMPORTANCE OF A WILL
The increasing complexity of modern life styles has made Wills and Estate Planning more important than ever before. Partnerships and second marriages are common; estate valuations are often larger than expected due to house prices. The threat of inheritance tax, nursing home care fees, loss of right to occupy, loss of state benefits and the possibility of our children not inheriting at all, make having a Will so, so important!
WITHOUT A WILL ….. MARRIED PEOPLE
If you die without having made a Will, the Intestacy Rules will be applied in an arbitrary manner. A spouse may not receive the whole of the estate but may have to share the estate with her children. If there are no children then this may lead to your spouse having to share your estate with relatives (e.g. brothers, sisters, nieces and nephews) ones perhaps, you never intended to benefit from your estate.
WITHOUT A WILL ….. PARTNERS
Under the Rules of Intestacy there are no provisions for partners; the estate of the deceased partner would ... Read more