Useful Resources: |
Why have a Will?Click here In the UK, a will is essential to ensure your assets (money, property, possessions) are distributed according to your wishes rather than by law, and thus avoiding potential family disputes and reducing stress for beneficiaries. If you die without a will in the UK, you’re said to have died “intestate.” Your estate is then distributed according to strict legal rules called the Intestacy Rules, rather than your personal wishes. Your estate follows intestacy rules, which may exclude unmarried partners, stepchildren, or friends. The rules are slighlty different between England, Wales, Scotland and Ireland. The government site is here. |
Creating a physical DeathfileClick here Having a set of documents available to your Will Executor in case you pass away is very useful as it provides quick acces to much of the information an Executor requires. |
How does Probate typically workClick here Probate in the UK is the legal process of managing and distributing a deceased person's estate (property, money, and possessions). It involves obtaining legal authorisation to deal with these assets. This process typically involves registering the death, valuing the estate, paying inheritance tax, and distributing the assets There are different rules for probate between England, Wales, Scotland and Ireland. Government - https://www.gov.uk/when-someone-dies |
UK Inheritance RulesWhen someone dies, everything they owned, their money, property and possessions, is called their estate. Inheritance Tax might need to be paid on the estate before anything can be passed on. There are different rules for probate between England, Wales, Scotland and Ireland. Government - https://www.gov.uk/inheritance-tax |