In simple terms if you don’t write a will, the Government has already written one for you and you can’t guarantee that what gets produced will be in your or your family’s best interests. The Rules of Intestacy are a complex set of rules relating to the distribution of your estate and unless you want the Government to have the final say on what will happen to your house and money when you’re gone you must write a Will.
Areas that can be looked at are:
Gifts that can be given and tax free benefits
The 7 year rule relating to gifts
Inheritance Tax Relief
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