Body & Soul1 min ago
Will Info
4 Answers
Generic question
Mum and dad die together! They have No will in place. They have 3 children aged between 22 and 26. What happens to their house (owned) and savings? THANKS
Mum and dad die together! They have No will in place. They have 3 children aged between 22 and 26. What happens to their house (owned) and savings? THANKS
Answers
1 to 4 of 4
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Children inherit equally. https:/
are they dead or do you plan to kill them ?
even instantaneous death ( plane crash) has a statutory solution - eldest deemed first- kinda sensible.
then the intestacy rules are applied, - dont the children get the second 250k in trust? and then the intestacy rules apply for the second death
work that out and see if there are IHT issues - there may be
basically - the children inherit in equal parts.
and the non residents can boot out the sitting child.
It is much much better to get them to write a will.
even instantaneous death ( plane crash) has a statutory solution - eldest deemed first- kinda sensible.
then the intestacy rules are applied, - dont the children get the second 250k in trust? and then the intestacy rules apply for the second death
work that out and see if there are IHT issues - there may be
basically - the children inherit in equal parts.
and the non residents can boot out the sitting child.
It is much much better to get them to write a will.
1 to 4 of 4
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