If you die without at Will this is known as dying Intestate
This means that the Government decides how your estate is distributed and in what proportions and who the beneficiaries will be.
This may not be in line with your wishes or take into account that a family member may have special needs and requires extra protection. The cost of creating a deed of variation for a family member with special needs will be far more expensive than creating a Will with a trust from the outset and may also require the potential beneficiary to have a Mental Capacity report. This situation can be avoided by creating a Will at the outset.
If you are unmarried your co-habiting partner has no automatic right to receive anything from your estate no matter how long you have been living together; Not unless you make a Will making them a beneficiary or you give them a right to remain in the premises.
Without a Will Social services could decide who will be the guardians of your children in the event of premature death. With a will you can appoint your own guardians and leave the instructions as how you would like your children to be raised.
Contact us to get your will sorted
Without a Will are you unable to exclude members of your family or distance relatives from inheriting a part of your estate.
As you can see dying without a will can lead to complex legal consequences and potential disputes among loved ones. At Bispham Legal Services & Estate Planning, we understand the importance of proactive estate planning and the peace of mind it brings. Our services include guiding individuals through the process of creating a legally sound Will to ensure their wishes are protected and their assets are distributed according to their intentions.