Having no Will poses all sorts of problems for the people left behind and could mean that your inheritance goes to the wrong people through the laws of intestacy. We have included some of the consequences of not having a Will below.
Make sure your loved ones inherit your estate
You cannot be sure that those you wish to inherit your estate will do so.
Unmarried or in a civil partnership?
Your spouse or civil partner will not automatically inherit all of your estate, so the death of one partner may create serious financial problems for the remaining partner.
Do you have any children?
The courts will decide who takes care of your children if both parents die. Which could mean your children going into state care.
Don’t want certain people to receive your estate?
You can not prevent certain family members, such as ex-spouses from receiving your estate.
Wills and Estate Planning are not regulated by the Financial Conduct Authority
Did you know?
The laws of intestacy are a set of rules which determine how a person’s estate is split up when they die without having made a Will.