More precisely:

• You are said to have died intestate;
• The Courts appoint an Administrator to take care of your affairs;
• There is a strict pecking order for possible beneficiaries - probably not what you would have wanted;
• The Court decides what happens to your children and they might end up in care;

Examples
Where the deceased leaves a spouse but no children, the spouse receives:

• All the personal chattels such as a car, furniture, clothes and jewellery;
• A legacy of £200,000 and one half of the balance outright;
• The remaining balance then passes to various relatives; first to the deceased's parents if either are still alive but if not then equally amongst brothers and sisters;

Where there is a spouse and children, the spouse receives:

• All the personal chattels;
• A legacy of £125,000 and the income from one half of the balance;
• The rest passes to the children on reaching 18.

FACT: If you have not written your own Will, the Government effectively writes a Will for you!

Solution

Make a Will

• We’ve all got something to leave—maybe even children!!
• The main reason for making your Will is: Peace of Mind - You dictate to whom you want your estate to go.
• It's only by making a Will that your financial and other wishes will be carried out.
• Young people with children are particularly vulnerable without a Will: what if you and your partner died at the same time leaving children behind?
• Choose the people you want to look after your children if you were not there for them. This is especially important if you are an unmarried parent or have children by another relationship.
• Do not just assume that on your death it will automatically go to your partner, in many cases it will, but if you are not married the chances are that it might not.
• By not making a Will you would almost certainly leave behind added problems for your loved ones at a time when they are least able to cope. The cost of sorting the problems out will almost certainly be more than if you had a Will in the first place.
• By making a Will you can also make provision to leave monies to a particular person or maybe your preferred charity.
• You may need to change your Will as your circumstances change.
• The decision to make a Will is the most important decision you will make.

Lifetime Wills

The Benefits of a Lifetime Will:

1. Armchair service by Lifetime Wills.
2. Lifetime FREE storage. The Will is stored in a fireproof safe with the Solicitor;
3. If you want to change your Will for whatever reason you can have one FREE complete change per year available to you (a new Will);
4. FREE Inheritance Tax planning included;
5. FREE Trusts administered by family and Solicitor and set up when required;
6. LOW Executor administration costs:

The Will is drawn up by Oliver Charles, Solicitor. Fully regulated by the Law Society plus full Professional Indemnity.


The Basic Will

1. This is suitable for older people who probably wouldn’t be changing their Will again.
2. Lifetime FREE storage. The Will is stored in a fireproof safe with the Solicitor;
3. Executor administration costs at market prices plus disbursements:
4. Will drawn up by Oliver Charles, Solicitor. Fully regulated by the Law Society plus full Professional Indemnity;
5. Armchair service by Lifetime Wills.
    

Lifetime Wills Limited,
Leatherline House 71 Narrow Lane, Aylestone, LEICESTER, LE2 8NA