Case & Management Information
- Claims
- Business/Commercial
- Commercial Disputes
- Debt Recovery
- Employment
- Family/Divorce
- Lender Services
- Property Commercial
- Property Residential
- Tax Returns/Planning
- Wills/Trusts/Estates
Bookmarks
Having a will ensures money passes to correct inheritors
13/05/2008
Making a will is essential for those who want to influence what happens to their estate after they die, a financial expert has advised.
David Kuo, head of finance at Fool.co.uk, said that there are a number of misunderstandings concerning estate planning and added that, contrary to popular belief, if someone dies without having a will their property does not automatically pass into the possession of their spouse.
He commented: "There are some things you should not scrimp on, and drawing up a will is definitely one of them.
"Almost certainly anyone who has children and has more than £125,000 in assets should draw up a will," Mr Kuo added.
Solicitors in Northern Ireland can help draw up wills and explain the consequences of dying inestate.
Recent research from Barclay's Wealth found that two-thirds of Britons have no will.
This figure rises to 97 per cent of people aged between 18 and 24.
Contact us for legal advice
David Kuo, head of finance at Fool.co.uk, said that there are a number of misunderstandings concerning estate planning and added that, contrary to popular belief, if someone dies without having a will their property does not automatically pass into the possession of their spouse.
He commented: "There are some things you should not scrimp on, and drawing up a will is definitely one of them.
"Almost certainly anyone who has children and has more than £125,000 in assets should draw up a will," Mr Kuo added.
Solicitors in Northern Ireland can help draw up wills and explain the consequences of dying inestate.
Recent research from Barclay's Wealth found that two-thirds of Britons have no will.
This figure rises to 97 per cent of people aged between 18 and 24.
Contact us for legal advice
