Cost of not having a will

neilmorgan

Emmia said:

What if your wife, and all your children pre-decease you? 

I'll take that infinitesimally small risk  

Emmia

neilmorgan said:

Emmia said:

What if your wife, and all your children pre-decease you? 

I'll take that infinitesimally small risk  

It might be low risk, but why take the chance for the sake of £200 - £300 which is roughly what a will would cost you.

Apparently there are around 9,500 unclaimed estates in the UK, and the average value of an estate is £150,000 - so potentially another £1.4billion to government coffers courtesy of those who haven't made a will, and where no one can inherit under the intestacy rules. 

I have no children, but I do have a will. In the event of all those named predeceasing me, my money is to be divided between charities of my choice.

But your choice is your own.