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Copyright © 2006 Trust Wills & Legacy UK Ltd |
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Failure to appoint guardians can result in children being taken into care.
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Unmarried mothers living with the father of her children should appoint him as guardian of his own children.
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Unmarried couples without Wills have no automatic right to each other's money other than as dependants, and may have to go to court to get anything at all.
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Unmarried couples jointly owned property is still taken into account when assessing Inheritance Tax
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There is no inheritance tax on charitable gifts
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Banks sometiimes take as much as 7% of the value of an Estate when acting as professional Executors and Trustees
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Apart from immediate family, legacies which fail due to a beneficiary's death fall into residue for distribution
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