Dying without a Will is known as dying intestate, and this is not an ideal situation but is far more common than you think. According to the rules of intestacy, your assets will be distributed to those next of kin. This may also involve surviving relatives who you may not necessarily wish to inherit your assets. The administration of an intestate estate requires a person to take responsibility to see it through as there has been no executor of the will appointed by the deceased.
As our population ages it is becoming more and more important to protect the interests of older age groups not just physically, but financially and emotionally.
Pets can be an important part of people’s lives and an important member of your family. You may be thinking what would happen to your pets if you pass away before them. How can you make sure your pet is looked after when you pass away?
If you die without a Will you are said to have died ‘intestate.’ This means that instead of your assets being distributed in a way that you have chosen, there is a formula that determines how your assets are to be distributed and in what proportions. This can mean that your family heirlooms, family pets, savings and property may end up in the hands of family members contrary to your wishes.