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A common assumption is that the law automatically ensures someone’s property and money passes, upon their death, to their ‘nearest and dearest’. There are legal rules in place to deal with situations where no will exists, known as the ‘intestacy rules’, which divide up and apportion someone’s estate by a set formula. However, do not assume the formula follows what you might expect to be the case in your situation. This is particularly true if you are living with a partner, do not have children or have remarried.
Make sure you get advice from a fully regulated solicitor or legal executive who can explain the practical options when you consider how to apportion your estate. Ensuring your important legal documents are drawn up correctly means peace of mind and greater certainty regarding future arrangements and finances for you and your loved ones.
We have made adjustments to our offices in terms of social distancing, hygiene regimes and screens so that if you want to meet to discuss your options when drawing up important legal documents, you can do so. Equally, if you prefer a consultation by telephone or video call, we are perfectly able to progress matters in that way also.
If you would like to find out more about how professional legal advice can ensure you have suitable arrangements in place, please contact our specialist Private Client team.
Our articles are intended for general information purposes only and are not a substitute for professional advice tailored to your specific circumstances. We are always very happy to discuss any plans, issues or concerns you may have and to clarify how we might be able to help. We cannot accept responsibility for any loss as a result of acts or omissions taken in respect of this article.
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