Are you really sure there's no Will?
Home > Claim Guide > No Will
If there's no Will the Estate of the deceased will be distributed by the Intestacy Rules apart from jointly owned property e.g. bank accounts will pass by survivorship to the surviving co-owner.
The Intestacy Rules can result in dispute and confusion because all beneficiaries inheriting from the estate must be identified before the estate can be distributed. In some cases genealogists can be instructed to locate beneficiaries and insurance can be taken out to protect against the risk of beneficiaries coming forward to claim a share of the estate at a later date.
Are you really sure there's no Will?
Do you know the risks of taking on the role of administrator?
Do you want help with the
- Oath
- Inheritance Tax (if any)
- Capital Gains Tax and Income Tax during administration period
- Estate Accounts (important for identifying and enabling a nil-rate band to be transferred)
