If you die without having a valid Will, your estate is distributed in accordance with Intestacy rules.
The following provides a brief guide, not an exhaustive summary of intestacy law and applies to permanent residents of England and Wales. Intestacy rules are different for residents of Scotland and your nearest Skipton branch can provide you with information explaining the Scottish rules. Or you can phone us on 0345 607 9711 to find out more.
If you have children, your spouse/civil partner will receive personal possessions - the first £270,000, together with interest on that amount from the date of death, and one half of anything that remains. Your children will receive the other half of anything that remains. If any of your children die before you then their share will pass to their children (if they have any).
To demonstrate this, let's look at an example. Say your estate is worth £500,000, your spouse/civil partner would inherit £385,000 (this is the first £270,000, plus half of whats left, which is £115,000). And your children would inherit the other half of what's left - £115,000.
If you don't have children, your spouse/civil partner will inherit everything. In this example that would be £500,000.
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Your estate is shared equally between your children. If any of them pass away before you, then their share will pass to their children.
Your estate is shared equally between your parents.
Your estate is shared equally between your brothers and sisters. If any have passed away then their share will pass equally to their children (if they have any).
Your estate is shared equally between your grandparents.
Your estate is shared equally between your aunts and uncles. If they have already passed away, cousins take their place in the distribution.
Crown takes all
We can help you arrange a Will that's tailored to your personal circumstances.
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