Recent figures suggest that as many as 60 per cent of Brits do not have a Will in place, but what happens if you don’t have a Will?
A Will allows you to plan, it means that your property and belongings are transferred and divided as you wish. It can also help you to plan to reduce inheritance tax and allows you to leave part or all of your estate in trust.
All these planning advantages are lost without a Will, in particular, a surviving spouse or civil partner will not automatically receive everything. While a partner where no marriage or civil partnership has taken place may receive nothing.
Dying without a Will is known as intestacy, and the rules vary between England, Wales and Northern Ireland, and Scotland. Please contact us for more information and for advice on writing or updating your Will.