Why make a will?
74% of people in the UK do not have a current Will that reflects their personal and financial circumstances at the time of their death. So, why make a Will?
Leaving a spouse or civil
partner but no children
Under the intestacy rules, if a person dies leaving a spouse/civil partner but no children, the spouse/civil partner will receive:
- All of the personal chattels
- A lump sum of £200,000 and
- Half of the residuary estate absolutely. The remaining half of the residuary estate will be given to close relatives such as parents, siblings, aunts and uncles etc.
Further information
- Will everything you own pass to those you want to benefit?
- Leaving a spouse or civil partner and children
- Leaving a spouse or civil partner but no children
- Leaving a cohabitant with or without children
- Jointly owned property
- Potential inheritance tax savings
- Additional functions of a will
- Will questionnaire