If you die without a Will – or without an effective Will – your Estate is dealt with under the intestacy provisions in Chapter 4 of the Succession Act 2006.
As an example:
- If you have a spouse (somebody to whom you are married, or with whom you were carrying on a domestic partnership, being a relationship in existence for a continuous period of 2 years or resulting in the birth of a child) your spouse will be entitled to the whole of your Estate.
- If you and your spouse have children, your spouse is entitled to the whole of your Estate.
- If you have children, who are not the children of your spouse, then your spouse is entitled to your personal effects, a statutory legacy and one half of the remainder of your Estate.
- There is a simple way to avoid the complexity of intestacy. Make a Will.
The only way to ensure that you have control over deciding how your estate is divided is to have a valid Will.
Once you have made your Will, it is important that you review it every few years and update it as your circumstances change.
At Everingham Solomons we have the knowledge and experience to identify the legal issues relevant to your situation and advise you of the options available so you can make an informed decision that is right for you because Helping You is Our Business.
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