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"dying without a will (England/Wales)"
If you die without a Will, that is you are intestate, then the law decides who inherits what. This is a quick guide to what would happen and should not replace seeking the advice of a qualified Will writer. If you would like to talk to a professional Will writer, please contact us. If you have a lawful spouseIf your estate is worth less than £125,000 then your spouse gets everything. If you have a lawful spouse, plus childrenIf your estate is worth less than £125,000 then your spouse gets everything. If your estate is worth more than £125,000 then your spouse would get £125,000 and all personal belongings with the right to take income from half the remainder, but not the capital itself, in half of anything over this sum. If you have a lawful spouse, no children, but other relativesIf your estate is worth less than £200,000 then your spouse gets everything. If your estate is worth more than £200,000 then your spouse would get £200,000 together with all personal belongings. The remaining estate goes to the other relatives in this order of priority: parents; brothers/sisters; half brothers/sisters; grandparents; aunts and uncles; spouses of aunts and uncles. If you are not lawfully married, but have had childrenYour estate will be shared between the children. Should they die before you then their children would take their share. If you are not lawfully married, have no children, but have parents or have brothers/sisters/grandparents/aunts/unclesYour estate will be shared equally amongst them in this order of priority — parents; brothers and sisters; half brothers and sisters; grandparents; aunts and uncles; spouses of aunts and uncles. If you are not lawfully married, and have no other relativesYour estate will go the Crown.
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copyright © 2007 ParnabyEvans Independent Financial Advisers |
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