Given it is popularly reckoned that only about 30% of us have a meaningful will in place, why should we bother?
I have been asked about how to wind up an estate after a death and I have made a few suggestions to the executors before they get too bogged down in the detail. Where the estate is small and limited to assets in the UK, there is not much to make it complicated, so executors could do it themselves. I have offered to review the forms as they are completed, as one executor is a long-standing client; although the process itself is not complicated, the language is not clear to those unfamiliar with it.
The Mail on Sunday printed an article that should resonate with much of the UK population, explaining the consequences of Rik Mayall’s death, intestate at 56. (See the original article at http://www.dailymail.co.uk/news/article-3045275/Rik-Mayall-s-family-face-huge-tax-bill-failed-make-deal-1-2million-estate.html)