What Happens When You Die Without a Will

Dying without a Will, also known as intestacy, can be a difficult and costly process. Your Will is a legally binding document and making a Will ensures that you control where your assets go when you die. Without a Will, the courts have to be involved and this is lengthy as well as costly. The Society of Will Writers, of which I am a member have put together this useful flowchart which illustrates very clearly what happens in the event of a person dying without a Will. ˇ The term “children” includes illegitimate and adopted children, but not step-children. °
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The Protective Property Trust – Protect your assets for your children

Imagine the following family situation: Fred and Wilma, a happily married couple, one daughter, Pebbles. They want to make mirror Wills leaving all to their daughter Pebbles when they die. However, I point out to them that, if Fred dies young, Wilma could fall in love with (say) Barney, who has a son Bam Bam. She could change her Will to dilute Pebbles’ share. A similar situation could arise if Wilma died young. What would be the solution? A Protective Property Trust. Here is how it works A Protective Property Trust is a Trust that is put into the Wills of a couple so
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