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Those people that die without having drafted a valid Will are considered to have died 'intestate'. In this situation the law lays down a standard set of rules for the distribution of their assets. It is worth pointing out that dealing with the estate of a person who has died intestate can be very complicated. This is particularly true when the person has children, even grown up ones. A Will can be prepared in a matter of hours with average costs starting at around £100. The potential savings from this initial outlay could be significant, as administration costs when dealing with your estate would be reduced and also Inheritance Tax planning schemes/arrangements can be put into place. You are strongly advised to consider drafting a Will. Should you need assistance please contact us and we can help you further. |
Financial News
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Please note HHPG Limited does not provide unsecured personal loans. Our name has been used by various online loan websites without our authority, and we are working with e-Crime Wales to stop this in unacceptable use of our name.
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Wills
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Surprisingly some people believe that by arranging a Will they will somehow hasten their death. There is no scientific evidence to back these beliefs. However there is plenty of evidence that not arranging a Will could mean the deceased person's assets are passed to the 'wrong' people. Alternatively and in addition the value of their estates could become subject to unnecessary Inheritance Tax.