What happens if
you are a married person with children and die intestate? Approx
70% of the UK population do not have a Will... remember
that failure to appoint a
legal guardian can
result in even more distress and insecurity for your children.
The surviving spouse inherits:
The first £125.000
of the estate plus all the goods and chattels and interest only
from half of the rest
of the estate until death;
when the capital will go to the surviving children.
The other half goes to
the children immediately – but
if they have not attained the age of 18 years then in Trust
until that age
is attained.
(applies to UK except Scotland and Northern Ireland)