Approximately 53% of adults in the UK don’t have a will. If you do not validly sign a will, the state will decide how your estate (i.e. property, savings, possessions etc) is distributed after your death.
If you die without a will (also known as 'intestate') your estate shall be divided in accordance with the laws of intestacy. This can result in a complex and costly division of your estate.
I have previously administered the estate of an elderly client who had around 10 siblings. As the deceased died without a will, in this case the estate would have been divided amongst those siblings. Unfortunately, most of the siblings had already died, so I then traced their children, and again some of the children had died. This resulted in over 40 beneficiaries of this estate. The deceased had not met many of the beneficiaries, and making a basic will would have ensured the estate passed swiftly and cost efficiently to the beneficiaries of their choice, such as close relatives, friends, or charities.
The laws of intestacy do not provide for friends, partners (unmarried or not in a civil partnership), in laws, foster children or charities. In fact, your estate may pass to the Crown (the Government), if you do not have any surviving blood relatives.
Making a will can be very straightforward, in fact you don't have to leave your home. Contact Emma Pringle today on 01661 610 309 or 0774 385 7503 for a confidential discussion.