If you die without a legally binding Will the courts will decide who inherits your estate. Not you. Not your next of kin. The court system, following the Intestacy Rules
This will slow down the sharing of your estate. If you owe Inheritance Tax, or have any other debts to pay, such as your mortgage or other loans, then the courts will hold your estate until all is paid. This will cause unnecessary stress for grieving family members, who may even have to sell your family home to meet such costs.
“Making a Will safeguards your family, your wealth and your wishes...”
Every adult needs a legally binding Will, yet the statistics regarding who has one in the UK are startling.
Making a Will protects your family, ensuring that the people you want to inherit your estate when you die, do so, and that they do not have any unexpected challenges, such as selling your assets to pay your Inheritance Tax.
Making a Will helps to protect your wealth, preventing any claims on your estate that are against your wishes and ensuring the amount of Inheritance Tax you have to pay is fair.
Making a Will allows you and your family to plan for the future, ensuring that your property and financial affairs are managed as you intended after you die.
The courts will follow the letter of the law, using intestacy rules. Intestacy rules do not take account of friends, certain family members, step-children or unmarried partners.
These people cannot inherit your estate if you die without a legally binding Will.
Why not try this interactive quiz developed by Active Wills to find out what would happen to your estate if you die without a Will?
Did you know?
If you die without a Will, the courts hold your estate until all debts, including Inheritance Tax, have been paid.