In many cases, clients have preconceived ideas about the law.
This is especially the case when it comes to planning for the
future. Some may hear a story about a friend or a family
member's situation and think the same applies to them, when
this is not always the case.
Below, some of the most common misconceptions are addressed.
"If I don't have a will, everything will pass
to my spouse anyway"
If you are married (or in a civil partnership) and do not have a
will, the intestacy rules dictate how your estate will pass.
If you are married and do not have any children, grandchildren
or great grandchildren, your whole estate will pass to your
spouse.
If you are married and do have any of the above, the first
£322,000 of your estate will pass to your spouse, along with
your personal possessions. If the value of your estate exceeds this
amount, the rest of the estate will be divided into two. One part
will pass to your spouse and the other amongst any children.
