IHT w/ no Will

Robin_TBW

Not sure if I've put this in the right section but have a quick question regarding inheritence tax.

I know about where money goes if you're married or in civil partnership, how much goes to the children and intestacy etc. etc.

What if the person dies with no Will, is not married but has been living with a partner for a number of years? Is that situation treated as if married/civil partnership? For the purpose of this, let's assume the deceased has children also. These children being from a previous marriage.

DUTR

Without will is intestate and the rules apply.
The partner possibly can attempt a claim from the estate, but would have to 1) Prove that they are dependant upon the deceased
2) Seek professional direction, as it will be difficult for them to reach option 1.

getmore4less

If divorced from the previous wife then the kids get it all.

https://www.gov.uk/inherits-someone-dies-without-will/y/no/yes

Remember that this only applies to assets owned exclusively(or an exclusive share like tenants in common)

Any jointly owned assets pass by survivorship.

Robin_TBW

getmore4less wrote: »

Any jointly owned assets pass by survivorship.

So any properties owned jointly with the partner would then become the partners in whole for example?

xylophone

So any properties owned jointly with the partner would then become the partners in whole for example?

http://www.firstrungnow.com/joint-ownership/joint-tenancy-tenants-in-common.aspx

sleepless_saver

Robin_TBW wrote: »

What if the person dies with no Will, is not married but has been living with a partner for a number of years? Is that situation treated as if married/civil partnership? For the purpose of this, let's assume the deceased has children also. These children being from a previous marriage.

Depends where in the UK they lived. Cohabitees in Scotland have more rights in these circumstances than elsewhere in UK.