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Jargon Buster
MyWillUk Ltd
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Married?
Married with children, estate worth more than £125,000.00.
Surviving spouse gets personal effects, first £125,000.00 and a life interest in half the reminder.
The children or their children get the rest.
PROBLEM:
The children's or grandchildren's monies would be overseen by the Court.
If the children or grandchildren attain the age of 18 years or are over 18 they can demand their monies from the estate. The surviving spouse may have to sell the family home to settle the debt.
With a Will a normal settlement timescale would be a minimum of 6 weeks, Without a Will a minimum time scale would be 2 years.
SOLUTION: MAKE YOUR WILL NOW
BRIEF: Married, no children, no parents.
Surviving spouse gets personal effects, first £200,000.00 plus half the remainder.
Deceased's brothers and sisters or their children get the rest.
PROBLEM
The brothers and sisters, assuming over 18 years old, may want their monies now; and would be advised by their solicitors to get it now. The surviving spouse may have to downsize their home to settle the debt.
With a Will a normal settlement timescale would be a minimum of 6 weeks, Without a Will a minimum time scale would be 2 years.
SOLUTION: MAKE YOUR WILL NOW
ARE YOU MARRIED?
DO YOU HAVE CHILDREN?
WHO ARE THE CHILDRENS GUARDIANS?
WHO ARE YOUR BENEFICIARIES?
This is:
Your Life
Your Family
Your Home, Assets and Monies
Your Decision
“YOUR GOVERNMENT”