Are you aware of the consequences of dying without a will?

What happens to your estate after you pass away can be grossly different to your expectations.

While many think that simply sharing their final wishes with a family member or close friend is sufficient to ensure they are fulfilled after their death, unfortunately, this is not the case.

Let’s explore the potential consequences of not having a legal will in place…

Your stepchildren may not inherit anything

Stepchildren whom you love as your own will not automatically receive anything from your estate unless you have legally adopted them. 

This is your chance to make sure they are recognised and provided for, just as with biological children.

Your previous partner may inherit more than you’d like

If you pass away without finalising your divorce, your estranged spouse may inherit a significant portion of your estate or, indeed, all of it. A will is crucial to direct your assets to those you genuinely wish to benefit.

Your estate could go to the Crown

Finally, this may sound like a plot twist in a novel, but if you do not have a will, your estate may pass to the Crown.

A will ensures that your assets go to your chosen beneficiaries, such as family members, a dear friend, a beloved cause or a charity close to your heart instead.

For professional help and assistance with any legal matters pertaining to wills, probate and Lasting Powers of Attorney, please contact Donald Race & Newton.