The Value of a Small Estate
It is understandable to think that if we don’t have “very much”, or perhaps don’t have anyone to leave it to, writing a Will to protect our assets can’t be that important.
Yet having a small estate is no reason to put off writing a Will. Without a Will the Laws of Intestacy determine where our assets, few as they may be, will end up after we have passed away. If there is no clear beneficiary, with no Will and no heir, who inherits?
The answer is simple. The Government. Any estates that are left bona vacantia (ownerless) in England and Wales pass to the Treasury or to the Duchies of Cornwall and Lancaster. In 2012 alone the Government received £33.51 million from bona vacantia estates, money that could have been given to friends, charities or other organisations had a Will been put into place. These figures released recently by Pannone LLP show that this surge in the Treasury’s income derives not from large valuable estates, rather from a vast number of very small estates.
It is estimated that two thirds of the population have yet to make a Will, despite their best intentions. Pannone’s findings highlight the importance of having and updating your Will to ensure it remains valid – whatever the value of your estate.
Willwriting Services Ltd can help you put your Will in place, giving you peace of mind that your estate will pass to the person or organisation of your choosing. Their specialist legal consultants are available for home visits days and evenings, seven days a week and will guide you through the entire process. WSL are delighted to be able to offer Silverhairs customers a discount on their home visit Will writing service; £95 (was £120) for a Single Will or £115 (was £165) for a Mirror Will (for couples). Please call us direct on 0208 380 0333 or click here to view the offer.
Latest posts by Silversurfer's Editor (see all)
- Back-Roads Touring brings the small group experience to Asia - April 19, 2018
- Tafika embarks upon an exciting adventure with fellow release-phase orphan, Batoka - April 18, 2018
- Win ONE of TEN copies of The Sapphire Widow - April 17, 2018
- Why Kim left a gift in her Will for dementia research - April 16, 2018
- How to make your own pesto - April 16, 2018
Leave a Comment!
Community Terms & Conditions
These content standards apply to any and all material which you contribute to our site (contributions), and to any interactive services associated with it.
You must comply with the spirit of the following standards as well as the letter. The standards apply to each part of any contribution as well as to its whole.
be accurate (where they state facts); be genuinely held (where they state opinions); and comply with applicable law in the UK and in any country from which they are posted.
Contributions must not:
contain any material which is defamatory of any person; or contain any material which is obscene, offensive, hateful or inflammatory; or promote sexually explicit material; or promote violence; promote discrimination based on race, sex, religion, nationality, disability, sexual orientation or age; or infringe any copyright, database right or trade mark of any other person; or be likely to deceive any person; or be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence; or promote any illegal activity; or be threatening, abuse or invade another’s privacy, or cause annoyance, inconvenience or needless anxiety; or be likely to harass, upset, embarrass, alarm or annoy any other person; or be used to impersonate any person, or to misrepresent your identity or affiliation with any person; or give the impression that they emanate from us, if this is not the case; or advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse.
Nurturing a safe environment
Our Silversurfers community is designed to foster friendships, based on trust, honesty, integrity and loyalty and is underpinned by these values.
We don't tolerate swearing, and reserve the right to remove any posts which we feel may offend others... let's keep it friendly!