You don’t control where your assets go
WHAT ARE THE CONSEQUENCES OF NOT HAVING A WILL IN PLACE WHEN YOU DIE??
You may not have control of who looks after your children
If you are married, your spouse may not get everything
More than 60% of the UK population do not have a Will in place... We want to reduce this and protect as many families as we can across the UK!
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Your estate will be divided amongst your relatives in accordance with the rules of intestacy and indeed could end up with the Crown.
Your estate will generally be administered by your next of kin, which may not be in accordance with your wishes
If you have not made a Will and you have children under the age of 18, the courts may have to decide who is appointed as their guardians.
To have control over who are the guardians for your children you need to make a Will, this reason alone should be enough to encourage most people to make a Will.
If you are married with children, your spouse will receive the first £250,000 of your estate, plus 50% of the remaining capital and a right to an income, but not the capital, from the remaining half.
This is contrary to the common myth that a spouse always inherits 100% of their husband or wife’s estate, and is again another excellent reason to make a Will.