Tel: 01384 878950 / 0121 455 9599 

Get in touch 

INHERITANCE MATTERS 
 
PO Box 5510 
STOURBRIDGE 
DY8 9AW 
T: 01384 878950 
T: 0121 455 9599 
Here are some alarming statistics 
 
More than 4 in 5 co-habiting couples have not made a Will* 
79% of households with dependant children have not made a Will.* 
Over 16,000 people between the ages of 20 and 44 died in 2015, a ratio of 1 in every 1000 in that age group^ 
58% of people in the West Midlands did not know if they had a valid Will or not.~ 
*National Consumer Council 
^www.statistics.gov.uk 
~Law Society 
 

FAQs 

Here is a list of our most regular FAQs: 

A legally binding document containing instructions telling your executors what to do with your property (assets) when you die. 
Anyone over the age of 18 (in England and Wales) and of sound mind, who has children or assets. 
If the value of your estate is more than £5,000, someone in your family has to apply to the Probate Courts to sort out your estate, deal with any debts you had when you died, pay any inheritance tax that may be due and distribute your assets in accordance with the Rules of Intestacy, shown below. The process can take months, sometimes years to complete, can give rise to family disputes and benefit people who you would not wish to see inherit. 
Many people mistakenly think that their estate will automatically go to their spouse / civil partner when they die. This is not necessarily the case. It depends on the deceased person’s circumstances, it is shown by clicking on the link above. 
Click here to visit the HMRC Inheritance Tax page. 
A co-habiting partner has no automatic right to any of their deceased partner’s estate. If they haven't provided for you in some other way, your only option is to make a claim under the Inheritance (Provision for Family and Dependants) Act 1975. 
Social services will decide with whom the children should live. 
If there is one place you should never ever keep your Will, it is at home. If your Will could not be found, or it went up in smoke in a house fire or it was damaged or tampered with, then you have no Will because copies are not legally valid as they do not carry your original signature. InHeriTance Matters recommends the National Will Safe Document Storage facility that overcomes all of the problems of safely caring for your Will and associated documents for a small annual fee. 
Not necessarily: 
What happens if one remarries when the other dies and they don’t make a new Will? Your children could be left with nothing. 
If the surviving partner needs long term care the family home may have to be sold to fund it. 
If you have remarried and have children from your first marriage, the survivor could change the Will and disinherit them. 
I’m getting married soon but I’ve already made a Will. Do I need to change it? 
A marriage revokes a Will UNLESS it was made in contemplation of that marriage. 
Getting divorced does not cancel a Will, but a gift to a divorced spouse /civil partner lapses if a contrary intention does not appear in the Will. 
Your estate is everything you own at the time of your death after all your outstanding debts have been settled, including probate costs, inheritance tax (if applicable) and funeral expenses. 
Your estate does not include money in a joint bank or building society account, property or shares owned jointly or life policies in joint names or policies where you have already nominated who should be the beneficiary on your death. From your employment, your death in service benefits and pension are also not normally included. 
Yes, however by legal definition they would be your natural children, including illegitimate children, plus any you may have legally adopted. Stepchildren are not included in this definition so if you wish them to be provided for, they will need to be mentioned by name. 
If you continue to live in the house or continue to use any other asset then: 
A local authority can ignore the transaction, without limit of time, if they consider that it was done to avoid paying for long term care fees 
The value of the asset will be added back into your estate for the calculation of Inheritance Tax 
Unless your children live with you, the house will be subject to Capital Gains Tax on its increased value from the date of the original transfer 
If your children become involved in a marital dispute or become bankrupt, your home may be considered to be a part of their assets and may need to be sold to fund a divorce or pay creditors 
Income Tax will be payable on the market rental value of your home / asset, even if you are not actually paying rent 
Yes, but only by writing a new Will or, where the alterations are straightforward, by signing a document called a codicil. A codicil (like a Will) must also be prepared, signed and witnessed in a particular way. However, you do not need to rewrite your Will or have a codicil if you or any person named in your Will changes their address. 
You can cancel your Will by either destroying it or making a new Will. 
Usually yes. UK Wills only dispose of movable property overseas. You should ensure that both the UK Will and the foreign Will refer to each other rather than revoking each other. 
Normally, no. However a Deed of Variation may be exercised within two years of death to alter the terms of the Will with the agreement of all the residuary beneficiaries for the purpose of, for example, mitigating inheritance tax. 
If you have not properly provided for any of your dependants who are unable to maintain themselves, or if you have not been fair to your wife, husband or civil partner (or possibly an 'ex' who has not remarried), the Court, on application, can alter your Will. Your reasons for not including someone in your Will should be given, ideally in a separate letter, but the Court is not bound by the content. 
You can do this if you have said so in your Will. You can state in your Will that your executor is to distribute your personal belongings according to a separate list that you keep with your Will, although not attached to it. Changes to the list can then be made without the need to alter your Will.