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28 Nov 19, 10:03 AM |
#1
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Imagineer
Join Date: Sep 06
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Intestacy - Get a will
I recently had a thread about making a will, but by coincidence my wife went on a retirement course at work, and discovered that if a married couple (or civil partnership) doesn't have a will then the surviving partner will get the first £250,000 of the value of everything (property and savings), but the remainder will be split 50/50 with your kids.
Like many people I have always believed that if I died without a will my wife automatically gets everything I own, but I was shocked to discover that isn't the case. I don't suggest all kids would insist on their 50/50 share of anything left over £250k (I'm sure our son wouldn't, but no doubt some would), which could result in the remaining parent having to sell the home to give their kids their share. |
28 Nov 19, 10:05 AM |
#2
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Bon viveur and shopaholic
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ive Deleted as you may be right! Wow
We have wills and updated them a year or so ago Edited at 10:07 AM. |
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28 Nov 19, 10:08 AM |
#3
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Thread Starter
Imagineer
Join Date: Sep 06
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28 Nov 19, 10:10 AM |
#4
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Bon viveur and shopaholic
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28 Nov 19, 10:10 AM |
#5
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Thread Starter
Imagineer
Join Date: Sep 06
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28 Nov 19, 10:12 AM |
#6
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Bon viveur and shopaholic
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28 Nov 19, 10:12 AM |
#7
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Thread Starter
Imagineer
Join Date: Sep 06
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28 Nov 19, 10:15 AM |
#8
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Imagineer
Join Date: Nov 07
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28 Nov 19, 10:17 AM |
#9
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Imagineer
Join Date: Nov 07
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28 Nov 19, 10:21 AM |
#10
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Imagineer
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We have all just got our wills done. Mirror wills for us. We also got the tenancy agreement where our money is protected should one of us need to go into a care home.
Power of Attorney for my sil, who owns her own house and has no dependants! And struggles with her finances at times. It’s something we had been meaning to do for years, and finally got round to it.
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