Article Tag: Intestacy rules

Succession Planning: Make the Most out of Your Legacy

People sat around a table discussing succession planning for business

Research by Brewin Dolphin revealed that 47% of UK adults have never discussed passing on their legacy, while the National Bureau of Economic Research reports that only 12% of firms make it to a 3rd generation*. Unfortunately, by not taking professional advice on your succession planning, your family may pay out more inheritance tax on… Read more »

Increase in Statutory Legacy and What It Means for You

It is a common misunderstanding that in the event of a married individual dying without a Will, then their widow, widower or surviving civil partner would inherit everything. This is not always the case.  What Happens If You Die Without a Will? Anyone who dies without a will is said to have died ‘intestate’. The rules as to… Read more »

Is Law Firm SAS Daniels Home To Cheshire’s Oldest Unclaimed Will?

Leading Cheshire law firm SAS Daniels has uncovered almost 50 unclaimed Wills stored in its basement that date back as far as 1895. The handwritten Wills that have never been claimed include gifts to relatives and acquaintances such as various properties including a farm and a pub, a bicycle, various items of jewellery, a sewing… Read more »

Intestacy rule changes do not rule out the need for a will.

Where someone dies without disposing of all their estate by a valid will, the intestacy rules dictate who inherits. These intestacy rules have changed. From Wednesday, 1 October 2014 the Inheritance and Trustees’ Powers Act 2014 came into force. Prior to 1 October 2014, if someone died without a will and was survived by a spouse… Read more »

5 common excuses for not making a will

When it comes to decisions that you may think are a long way in the future – we tend to put them off, or make excuses: ‘there’s plenty of time’ or ‘it’s too complex’. It is natural to fear death and we don’t like to think about it, however, the harsh reality is that it… Read more »