Posts Tagged ‘Rules of Intestacy’
What happens to my Will if I get divorced?
Messy business – divorce. The Office for National Statistics reckons 42% of all marriages end in court. But there is some good news. The 90,871 divorces of opposite-sex couples in 2018 was the lowest since 1971. Still sad, though. So what happens to your Will when the Decree Absolute drops through your letterbox? Funnily enough,…
Read MoreWhat happens to my Will if I get married?
While you may envisage endless years of gazing dreamily into each other’s eyes, there are practicalities around marriage that should be addressed. One that’s often bottom of the to-do list is updating your Will. When you get married, any Will is revoked. Like Monty Python’s parrot, it is no more, it has ceased to be.…
Read MoreWhat is Intestacy?
Rules of intestacy kick in if you die without leaving a will. How your money and possessions are distributed is strictly laid down in law and may not be what you wanted. First in the pecking order is your spouse or civil partner. Then your children, followed by your parents, brothers or sisters, and then…
Read MoreWhat happens if we all die together?
Tragedies happen, I’m afraid. Just pick up any newspaper or watch the news on TV. Yes, the chances of you personally being involved are low. But planning for all eventualities can at least ease some of the pain of those you leave behind. Something often overlooked in do-it-yourself wills is a residue clause. But it’s…
Read MoreWhy do I need a Will?
Writing a Will is not compulsory. Neither is visiting the dentist or having your car serviced. But in the long run, it pays dividends. A Will gives you control over what happens to your money and possessions after you die. It certainly makes life easier for whomever sorts out your affairs. It’s a way of…
Read MoreThe Perils of Will Writing for Blended Families
MORE than half a million families in the UK include children from previous relationships. That’s 11% of the total. And this can lead to complications when it comes to estate planning. The last thing you want is conflict within your blended, or step family following your death. But if it’s not handled properly and thoughtfully,…
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