DO YOU REALLY NEED A WILL?

The simple answer is “ YES ”!

If you fail to make a will then you are said to have died intestate and the people whom you would have wished to leave your estate may receive little or nothing whatsoever.

The intestacy rules may make for both surprising and disturbing reading and are briefly summarized below:

BENEFICIARIES	DISTRIBUTION OF ESTATE
Married person with no children	First £200,000 any personal possessions and HALF the remainder to SPOUSE . Remainder balance to parents. If no parent is living then it goes to brothers or sisters or their children
Married person with children	First £125,000 and any personal possessions to SPOUSE . Balance is held in trust with 50% life interest (right to income) to spouse and thereafter to children and other 50% to children immediately
Married person, no parents, brothers or sisters of the whole blood, nephews or nieces	Spouse takes whole estate
Unmarried person with children	Estate goes to children at 18 or earlier marriage with gift over to grandchildren if child predeceases leaving children of their own
Unmarried person with no children	Estate goes to the first of the following who are alive 1.  Parents 2.  Brothers and sisters of whole blood or their children 3.  Brothers and sisters of half blood or their children 4.  Grandparents 5.  Uncles and Aunts of the whole blood 6.  Uncles and Aunts of the half blood 7.  The Crown

Can you really afford to put off making your wills any longer?

SINGLE WILL FROM £99+VAT

PAIR OF WILLS FROM £149+VAT

Call Jeremy at Cuff & Gough LLP Solicitors on 020 8642 2235 and have your wills prepared by a solicitor.