Without a Will you have no choice of what will happen to your money when you die
We strongly recommend that everyone makes a Will. The benefits of having a Will are:
Know where your money is going when you die
Leave your money to family, friends or charity
No one will miss out on a share of your estate
Who needs to make a Will?
To speak to someone about making a Will call us on 0161 491 8540 and ask to speak to Suzanne.
Alternatively email firstname.lastname@example.org
It is always a good idea to review your Will, or make a Will if you have not already done so. Having a Will can achieve significant savings in tax if your estate exceeds the Inheritance Tax threshold of £325,000. Even if your estate is smaller, a Will can reduce the costs of winding-up your estate and means that you can decide how your estate is distributed rather than it having to be dealt with according to the general law.
What will happen to your estate if you die without having made a Will?
If you leave a surviving spouse* and children, your spouse is entitled to a "Statutory Legacy" of £250,000.00, plus personal chattels and half of the remaining estate. This means that your spouse is not necessarily entitled to the whole of your estate if it exceeds £250,000.00*
If you do not have children but leave a surviving spouse, the surviving spouse will inherit the entire estate
For further information please also see the Probate Service website
* includes civil partner