This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. To find out more about cookies on this website and how to delete cookies, see our privacy notice.

Where there’s a will!

Shared from Tax Insider: Where there’s a will!
By Mark McLaughlin, April 2024

Mark McLaughlin looks at the importance of making a will, and some inheritance tax and other implications of intestacy. 

No-one likes to think about their death, so it is perhaps understandable that many people put off drafting their will, and some die without having made a will. 

Death and intestacy 

If an individual dies without making a will, the estate is subject to distribution in accordance with the laws of intestacy, in the Administration of Estates Act 1925 (NB this article considers the law in England and Wales; different provisions apply in Scotland and Northern Ireland).  

This means that an individual’s estate might not be inherited by the ‘right’ beneficiaries.  

Example: Married with children  

A married couple, Bill and Carol, live in London. They have

This is one of our 2553 Premium articles

To see this article in full and unlock access to our complete library of 2553 articles click 'subscribe & unlock' below:

Subscriptions include a 14 day free trial
+ money back satisfaction guarantee