What happens if I die without a Will?

Dying without a Will - Rules of Intestacy explained

If you do not have a Will, the rules of intestacy apply. These are the laws that govern what happens to those estates without a Will. It is a common misconception that everything will automatically go to your spouse when you pass away.

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Intestacy example - What happens to your estate if I die without a Will?

For example, if you were to pass away without a Will, your spouse is entitled to the first £250,000 of your sole estate. The residue is then divided in two. 50% of which is shared between your children who will inherit at the age of 18. The remaining 50% is put into Trust for your spouse who is never allowed to spend the capital - they will only be entitled to the interest it earns. On death this then reverts to the children. If there are no children, your spouse is entitlted to the first £400,000 and the residue then passes to your parents, or siblings if your parents are deceased.