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death !

not sure which forum is apt but question re death/succession/inheritance .
unlike royal family , all my family are flying together next week .
my wife's and my joint will is up to date & leaves everything to both /either daughter : one has partner of 18 months , other has husband & 2 (grand) children .
i am assuming worst scenario that we are all killed .
where does the estate go ? does it revert to our parent(s) or does it go down the line to the nearest relative ?
any help would be appreciated .
thanks.
sirlearie.

Comments

  • ACG
    ACG Posts: 24,953 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    I think off memory it goes down, down, up, out (kids, grand kids, parents, brothers/sisters/cousins etc).

    Unless your will states otherwise.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • sirlearie
    sirlearie Posts: 8 Forumite
    Part of the Furniture Combo Breaker
    thanks for this .
    agrees with what i thought . hope easy jet stays up to avoid the problem .
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