Back to Our Services

Power of Attorney

Intestacy

 

  HomeAbout UsServicesContact

 

Intestacy - if you have no Will then you die Intestate

 

Couldn't get round to making a Will?

 

After all, everyone knew what you wanted to happen - didn't they?

But, why then is your partner being evicted?..........

 

The Rules of Intestacy:
 

What happens if you don't leave a Will and therefore die Intestate.
 

If you are single, widowed, divorced or separated:

The rules of Intestacy mean that your estate is divided equally between the relatives in the highest category in the following list

  • your children*, but if none to

  • your parents, but if none to

  • your whole-blood brothers and sisters*, but if none to

  • your half-blood brothers and sisters*, but if none to

  • your grandparents, but if none to

  • your whole-blood uncles and aunts*, but if none to

  • your half-blood uncles and aunts*, but if none to

  • The Crown

*If they have already died leaving children, then the children inherit their parent's share

 

If you are living with a different sex partner in a permanent relationship, you are considered as a single person and the same rules of intestacy apply as above!

Your partner does not get anything, nor do any children that he or she may have of his or her own. If you share the same house but the house belongs wholly to you, then your partner does not even get the house and may have to move out.

 

Same sex couples are treated as a married for the purposes of Intestacy if they have entered into a Civil Partnership under the Civil Partnerships Act 2004, which came into force from the 5th December 2005

If you are married, with children of your own:

If the estate is no more than £250,000:-

Your remaining husband or wife gets:-

  • Everything

If the estate is greater than £250,000:-

Your remaining husband or wife gets:-

  • your personal possessions*

  • the first £250,000 of the estate

  • an income from half the rest of your estate until your own death when it passes to the children

  • The children get the other half of the remainder. Step children are not included unless they were adopted by you

If you are married, without any children, the your remaining husband or wife gets

If the estate is no more than £450,000:-

Your remaining husband or wife gets:-

  • Everything

If the estate is greater than £450,000:-

  • your personal possessions*

  • the first £450,000 of the estate

  • half the rest of the estate

  • The other half of the remainder goes to your parents if still alive and, if not, to your brothers and sisters or, if they have already died, to their children. If there are no parents, brothers, sisters, nephews or nieces, or their children, then the remainder of the estate goes to your remaining husband or wife

*Personal possessions (“chattels”), i.e. furniture and house contents, car, etc.- there is an official list defined in section 55(1)(x) Administration of Estates Act 1925

Dying Intestate means that your family may not inherit everything after all

 

Align Wills and Trusts

 

     
 
 

 

Home   About   Services   Advice   Contact   Sitemap

Asset Investment Management Ltd, Drayton Old Lodge, Drayton, Norwich, NR8 6AN
Telephone 01603 869988 e-mail enquiries@asset-im.co.uk
Independent Financial Advisers

Authorised and Regulated by the Financial Services Authority No 462797.
FSA Register www.fsa.gov.uk/register
 
Tax advice is not regulated by the Financial Services Authority.
Registered in England and Wales
company registration number 5880144.

Webmaster