Will Info

[ilovemarkb]

Generic question
Mum and dad die together! They have No will in place. They have 3 children aged between 22 and 26. What happens to their house (owned) and savings? THANKS

[woofgang]

Children inherit equally. https://www.gov.uk/inherits-someone-dies-without-will/y

[fiction-factory]

… and the same with any other assets and debts of the estate.
Do any children still live with Mum & Dad though as that can sometimes complicate things

[ilovemarkb]

Youngest child at present but will move out in the future

[Peter Pedant]

are they dead or do you plan to kill them ?

even instantaneous death ( plane crash) has a statutory solution - eldest deemed first- kinda sensible.

then the intestacy rules are applied, - dont the children get the second 250k in trust? and then the intestacy rules apply for the second death

work that out and see if there are IHT issues - there may be

basically - the children inherit in equal parts.

and the non residents can boot out the sitting child.

It is much much better to get them to write a will.