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A will, or a last will and testament, is a legal document that describes how you would like your property and other assets to...
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If you don’t have a legally binding will in place before you die, the law of England and Wales will follow the rules of...
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Very much so. In 2013, after a lengthy consultation, the British government confirmed their belief that the will-writing market should be diverse and not...
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No. The British government confirmed in 2013, after a lengthy consultation, that the will-writing market should be diverse and not limited to solicitors.
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We are a nation of animal lovers so it is only natural that we would want to make sure that our pets are catered...
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In the UK, there are specific rules and regulations that dictate the fate of a business upon the death of its owner.
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For any parents, ensuring their children's well-being and protection, especially in their absence, is paramount.
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When someone dies, it's not just their assets that are left behind; they may also leave behind debts.
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Estate planning is not just for the super-rich. Whether you have a sprawling mansion or a small flat, some savings, or even just personal...
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One of the most important elements of drafting your will is appointing an executor. Here, we'll explore what an executor of a will is...
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Upon a person’s death, the responsibility of dealing with their estate often falls to an appointed individual known as the executor.
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Drafting a will is one of the most significant legal decisions you will make. It ensures that your assets are distributed according to your...
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Upon your death, only the designated executor possesses the legal authority to view your will. However, if probate is required to manage your estate,...
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In estate planning, will trusts (also known as testamentary trusts) serve as essential tools in ensuring that a person's assets are distributed and managed...
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As life changes, there may arise a need to make alterations to a will. Instead of completely rewriting the entire will, one can make...
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One of the essential aspects of creating a will is determining the gifts or legacies you want to leave behind. Let’s delve into the...
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The fate of one's home after death is primarily governed by wills, intestacy rules, and sometimes, trusts.
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The process of witnessing and signing a will is key to authenticating its validity. There are strict regulations surrounding this process.
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In drafting your wills and researching estate planning, a term you may come across is "testamentary capacity". It’s essential to understand its significance as...
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Writing a will is an important step to ensure that your wishes are carried out after your death, but the process does not end...
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Once you have drafted, printed, signed, and had your will written, it is paramount that your will is kept in a secure location, both...
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What about those more personal messages and sentiments that one might wish to convey to loved ones? This brings us to the question: Should...
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This glossary provides a basic understanding of some of the terminology used in the writing of a will in England and Wales.
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Life Planning & ProtectionWhat Are the Rules of Intestacy?
When an individual dies without having made a valid will, they are said to have died “intestate”. In the UK, specific rules called the “rules of intestacy” govern how the deceased’s estate will be distributed.
These rules are designed to ensure a fair division of assets amongst surviving relatives, though they might not reflect the exact wishes of the deceased.
Who Can Inherit?
Only married or civil partners and some other close relatives can inherit under the rules of intestacy. Common-law partners (those who aren’t married or in a civil partnership) can’t inherit under these rules, though other forms of legal recourse might be available to them in certain situations.
If There Are Surviving Spouses or Civil Partners but No Children or Grandchildren
The entirety of the estate will go to the surviving spouse or civil partner as long as they survive for 28 days. If the spouse or civil partner dies within 28 days, the rules of intestacy treat them as having not survived. If this happens, the estate is instead distributed to the next category of beneficiary under the rules of intestacy (see next).
If There Are Surviving Spouses or Civil Partners & Children
The spouse or civil partner will inherit everything up to the value of £322,000. If the estate’s value is over £322,000, the partner also inherits half of everything that remains. The rest is then shared equally between their children.
If a child has predeceased the intestate person but has surviving children of their own (grandchildren of the deceased), they will inherit their parent’s share.
If There Are No Surviving Spouses or Civil Partners, but There Are Children
The entire estate will be divided equally amongst the children.
If There is No Surviving Spouse or Children
The order of inheritance is as follows:
- Grandchildren
- Great-grandchildren
- Parents
- Brothers and sisters (if a brother or sister has predeceased the intestate person, their children can inherit their share)
- Half-brothers and half-sisters
- Grandparents
- Uncles and aunts (or their children if they predeceased the intestate person)
- Half-uncles and half-aunts (or their children if they predeceased the intestate person).
- If none of the above relatives exist or can be located, the estate will go to the Crown.
Jointly Owned Property & Assets
For jointly owned assets, how they are dealt with upon death largely depends on how the joint ownership is structured:
- Joint tenants: The deceased’s share automatically passes to the surviving joint owner(s).
- Tenants in common: The deceased’s share does not automatically pass to the other joint owners but will be distributed according to the rules of intestacy.
The Impact of Remarriage
If a spouse remarries after the death of the first partner, it doesn’t affect their claim to the first partner’s estate if they were still married when the first partner died.
Who does not inherit under the rules of intestacy?
Under the rules of intestacy, the following people do not stand to inherit anything:
- Unmarried partners: only married partners or partners in a civil partnership can inherit when someone dies without a will
- Cohabitees: those who lived with the person who has died are not entitled to inherit anything under the rules of intestacy, even if they’ve cohabited for many years
- Step-children: step-children can only inherit if they have been legally adopted by the person who died
- Close friends: people often choose to leave something to close friends in their will, but they do not inherit anything under the rules of intestacy
- Other family members: any lower priority relatives under the rules of intestacy, such as grandchildren if the spouse and children are still alive
The rules of intestacy aim to provide a structured way of distributing an estate when no will is in place. However, they might not represent the deceased’s wishes.
To ensure that an individual’s assets are distributed according to their desires, it’s crucial to prepare a valid will.