Quizzes & Puzzles40 mins ago
No Will.
15 Answers
In the event of a married woman dying intestate,leaving a husband and married
son and his wife and her two grandchildren, as her only living relatives,how would her estate,if any, be shared out,once probate has been granted.
Thankyou for any replies.
son and his wife and her two grandchildren, as her only living relatives,how would her estate,if any, be shared out,once probate has been granted.
Thankyou for any replies.
Answers
It depends on the value of the estate.
If the estate is worth less than £250k, the spouse gets all.
If the estate is worth more than £250k, the spouse gets first £250k, plus personal chattels. For the estate over and above £250k, the spouse has a life interest in half, the other half going to the son absolutely. The son (or his issue) inherit the...
If the estate is worth less than £250k, the spouse gets all.
If the estate is worth more than £250k, the spouse gets first £250k, plus personal chattels. For the estate over and above £250k, the spouse has a life interest in half, the other half going to the son absolutely. The son (or his issue) inherit the...
12:40 Sun 24th Jun 2012
It depends on the value of the estate.
If the estate is worth less than £250k, the spouse gets all.
If the estate is worth more than £250k, the spouse gets first £250k, plus personal chattels. For the estate over and above £250k, the spouse has a life interest in half, the other half going to the son absolutely. The son (or his issue) inherit the widower's half on his death.
If the estate is worth less than £250k, the spouse gets all.
If the estate is worth more than £250k, the spouse gets first £250k, plus personal chattels. For the estate over and above £250k, the spouse has a life interest in half, the other half going to the son absolutely. The son (or his issue) inherit the widower's half on his death.
Starbuck - A Grant of Representation (colloquially known as probate) is STILL needed in intestate estates (unless estate is very small and can be dealt with under the Administration of Estates (Small Payments) Act 1965. The difference with intestacy that the Grant is known as a Grant of Letters of Administration and this confers the authority on the administrators to act. Below are the rules:-
Will with executor able to prove - Grant of Probate - this CONFIRMS the executor's authority to act
Will with no executor able to prove - Grant of Letters of Administration with Will Annexed- this CONFERS the administrator's ability to act
Intestacy - Grant of Letters of Administration - this CONFERS the administrator's ability to act
The procedure for all three is almost identical, it is just the Oath that is different.
Will with executor able to prove - Grant of Probate - this CONFIRMS the executor's authority to act
Will with no executor able to prove - Grant of Letters of Administration with Will Annexed- this CONFERS the administrator's ability to act
Intestacy - Grant of Letters of Administration - this CONFERS the administrator's ability to act
The procedure for all three is almost identical, it is just the Oath that is different.
As good a reason as any to benefit your favourite charity.
Here's a funny story: Years ago I worked for a charity. Woman died and left the charity her whole estate. Nothing to her husband. Turns out that 50 or so years earlier when they were newly married, her mother went to stay. After a couple of fractious weeks, the hubby remarked "When's that old bag going home?". Wife remembered that comment for nigh on 50 years and cut him out her Will. lol
Here's a funny story: Years ago I worked for a charity. Woman died and left the charity her whole estate. Nothing to her husband. Turns out that 50 or so years earlier when they were newly married, her mother went to stay. After a couple of fractious weeks, the hubby remarked "When's that old bag going home?". Wife remembered that comment for nigh on 50 years and cut him out her Will. lol