If you die without a Will in place then you are said to be ‘intestate’ and the laws of the land will decide what happens to your estate.

In England and Wales it would be usual for an executor to be appointed for a fee. The Executor will then follow procedures set out by the State. In most cases, if there is no will, your current spouse will inherit everything. If your estate is more than £250,000 then the spouse will get the first £250,000, plus a "life interest" in half of the remainder, and the rest will be shared by any children.

If you don't have a spouse then your estate will be shared between your children. If there is no spouse and no children, then the estate will go to the parents first, then any siblings, then grandparents, then uncles and aunts. If none of these relatives survive you and you haven't made a will you entire estate will go to the Crown.

Your children will likely become wards of the state and go into care if you have not appointed guardians in a Will. Any shares in a business you own could, potentially, go to the state and your former business partners might suddenly find they have strangers running the business they part own!

Not having a Will is not a good idea. Despite this, 1 in 3 people do not have a Will.

For more information see our Wills and Estate Planning page or speak to an adviser on 01628 507477.


Download our Free First Time Buyers Guide

Your home may be repossessed if you do not keep up repayments on your mortgage.

There will be no fee for Mortgage Advice. There may be a fee for arranging a mortgage. The precise amount will depend upon your circumstances, but we estimate it to be between £399 and £599.

Mortgage Required Ltd, Finance House, 5 Bath Road, Maidenhead, SL6 4AQ is authorised and regulated by the Financial Conduct Authority reference 573718 at www.fca.org.uk.

The Financial Ombudsman Service is an agency for arbitrating on unresolved complaints between regulated firms and their clients. More detail can be found on their website: www.financial-ombudsman.org.uk