If I die??

stebiz

Just a little enquiry that is niggling me and wondered if there were any experts out there.

I'm going on holiday with my wife and young family in Sept, and so is my Mum and Dad and Brother and his family. I have no other brothers or sisters.

I don't have a will but my Mum and Dad do leaving all to Myself and Brother.
What would happen, if something terrible happened

1) To any of my Mums and Dads Money, Property
2) Any of my Money and Property

My wifes parents are alive. Would it all go to them?? I just wouldn't like to see it all go to Gordon Brown. As a family we often go on hols together is there anything I can do.

ps I'm not planning to go anywhere yet but in this mad world

Regards

Stebiz

miaxmia

stebiz wrote:

Just a little enquiry that is niggling me and wondered if there were any experts out there.

I'm going on holiday with my wife and young family in Sept, and so is my Mum and Dad and Brother and his family. I have no other brothers or sisters.

I don't have a will but my Mum and Dad do leaving all to Myself and Brother.
What would happen, if something terrible happened

1) To any of my Mums and Dads Money, Property
2) Any of my Money and Property

My wifes parents are alive. Would it all go to them?? I just wouldn't like to see it all go to Gordon Brown. As a family we often go on hols together is there anything I can do.

ps I'm not planning to go anywhere yet but in this mad world

Regards

Stebiz

Don't honestlly know, but I think you will find your answers on https://www.lawontheweb.co.uk - you really should have a will yourself in any case.

Reading the site myself, to me it looks as if your half share would probably go to the Crown and your partner's half share would go to her parents.

montycat_2

Hi ,
It is sad that you are thinking like this .It is a very unlikely scenario.
However ,unlikely scenarios do happen (I am witness to that ) .I do think though that you need get a will .
If there are no survivingt relatives then I suppose it would go to the state .
You could make a will and nominate a Charity but ,I suspect that it will never happen .

Marsh_Samphire

You really should have a will, especially to make sure that the children are looked after if both you and your wife die (god forbid). Don't put it off, it doesn't take long to do or cost very much if you have straightforward circumstances.

My Mum knows a couple (married, no children and no other close relations alive) and they did not want to plan for the inevitable, she got alzheimers and he looked after her but then he died. That was before Easter and he still isn't buried because everything went to her but she can't make any decisions and is in a psychiatric ward. Social services have to appoint someone to manage her finances, sell their house, put her in a home etc but it could take months. Don't put it off!

miaxmia

montycat wrote:

Hi ,
If there are no survivingt relatives then I suppose it would go to the state .
You could make a will and nominate a Charity but ,I suspect that it will never happen .

I think in this scenario, partner's parents would count as surviving relatives!

stebiz

Thanks for your replies.

I agree with you all. I need a will desparetely. We have discussed this with each other and have agreed that in the event of us both dying (I hate saying that) who the money, house, kids etc should be left with. I will be dealing with this as a matter of importance. I would hate to leave a problem for the kids.

Cheers
Stebiz

margaretclare

Hi Stebiz

The point is, holiday or no holiday, you have children, and you should really specify in your will who you want to take care of the children if the worst happens.

I think the thing to be sure of about death is - it's not 'if I die' it's 'when'! It's one thing that we all know for certain is going to happen, what we don't know is how, or when. You don't have to be old to die!

It gives a certain amount of peace of mind if you make your will and then forget about it - making sure that important people know where it is and where there's a copy. It's also as well to specify what your preferences are about a funeral.

Re the example that Marsh Samphire gives - what a pity that the couple couldn't have made wills while the wife was still competent to do so. Because Alzheimer's is a thing that develops slowly, doesn't usually happen overnight, so one would have thought there was plenty of time to make wills.

Margaret Clare

calleyw

You should make a will asap. Even if you have no spouse or children you should still make a will. As you might want to be buried but they cremate you.

When you die instestate as they call it with no will. There is a strict order of people who inhert.

With starts with spouse but if no spouse, children then your parents and then brother and sisters and then half brothers and sisters all the way down to uncles and aunts and then the crown.

More details here: http://www.wisewills.co.uk/intestate.htm


Yours


Calley