|Making a Will
To ensure that your partners and/or
familys inheritance is secure, it is important that you make a Will. If you do not,
everything you leave will be allocated according to Intestacy Rules. As a result of this,
your possessions may not be distributed as you would have wished.
By having a Will you may avoid all kinds of complications and expense for those who
inherit, and it could mean that your estate can be distributed without long delays.
What are Intestacy Rules?
Intestacy Rules apply should you die without having made a Will. Under these rules, assets
are often passed to unintended beneficiaries, unwanted trusts with limited powers of
investment can be created, and undesirable Inheritance Tax consequences may occur.
Intestacy commonly leads to a greater delay in obtaining a Grant of Probate than if a
Will had been made, and may also be more complex and expensive to administer.