Saturday, May 19, 2012
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What is intestacy? What does intestate mean?

Definition of intestate:

If you do not make a Will you are classed as dying intestate.  A will determines what will happen to the assets (known as the estate) when they die.

Definition of intestacy:

Intestacy is the condition that the estate is in when a person dies without a will, so long as the estate is worth more than the sum of the debts and funeral expenses that someone owes.

What happens if someone dies without a will?

If someone dies without a will, then according to the law the estate is passed to the next of kin. Sometimes it is hard to trace the next of kin and this may not be who you wish t leave your assets to. You should seek legal advice from a solicitor, as administering the estate can be a complicated and long process. If you are looking for professional legal advice, why not contact us here at Inheritance Solutions?

 

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