“My mother remarried and was really happy. Then she was killed in a car accident on holiday and it emerged she hadn’t made a new Will since remarrying. Her old Will, which split everything between me and my brother was irrelevant. My brother and I now don’t get anything from her estate and I can’t believe that is what she would have wanted…”
Many people assume that your children will take first priority in the event of your death and so are automatically provided for, but this simply isn’t the case.
In the event of your death without a Will, under English laws of intestacy, for estates valued at under £450,000 the first £250,000 of your estate will automatically pass to your spouse (including the value of your house). The remaining amount will be split in half, with half to go to your spouse and the remainder split between any children or grandchildren. If your estate is worth less than £250,000 then your children may get nothing!
Lawyer’s fees may also eat into an estate without a clear Will. Save your family real headaches – get a lawyer checked Will!
Put your love in writing – protect your family with a properly drawn up, lawyer-checked Will. It’s the least that you can do for your family.
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Just Wills & Legal Services (Cambridge) 