What do you get the person that has it all…?
A Will of course!
That’s all meant very ‘tongue-in-cheek’, but the thing is that 70% of people don’t have a Will – which is quite a frightening figure when you think about it.
Without a Will the deceased’s estate will become intestate, meaning that it must be distributed according to the strict rules of intestacy.
Under these rules it is the next of kin who is set to benefit from the estate. If the next of kin is a child then the living parent of said child is the only person able to administer the estate as executor.
So it’s probably not a bad idea to protect yourself & your loved ones & make a Will this Christmas…
Date: 8 December 2016