Inheritance Question

sgx.saint

Hello.

Quick query on behalf of someone.

My friends mother does not have a will at the moment, and is quite ill. She has about £150K in a bank account at the moment.

If she passess away will that money automatically be given to her only child?

Thanks

sgx.saint

Oh, she also has a grandchild. If that makes a difference

Ted_Hutchinson

Inheritance no will Direct Gov information

Mrs_pbradley936

Read this:

http://www.hmrc.gov.uk/cto/customerguide/page14-2.htm

If the link does not work it depends on if there is a spouse.

sgx.saint

No, there is no spouse or partner. He died a few years ago now.

sgx.saint

So reading that website, the money would basically pass to her child?

Mrs_pbradley936

Well yes but if she can be persuaded to make a will everything will be much smoother and will not take forever to sort out legally. Also people often have far more than you think, what about her home is that owned or rented?

sgx.saint

Yes, I am going to advise them to make a will.

She does'nt own her home anymore as she has moved in with her daughter, in order for her to be better looked after.

I really appreciate the information