Will my spouse inherit everything if I pass away without a will? Private Wealth
If you pass away without a Will, intestacy rules will dictate who inherits your estate and you lose the ability to choose.
Many people believe their spouse will automatically inherit all of their estate if they die, but it depends on the size and type of estate and other living family members.
Your spouse will only get a fixed amount and the rest will be split equally between your spouse and children who get their share at 18 years of age.
It is worth noting that a partner who you live with, or co-habitee, is not provided for at all if there is no will, regardless of how long you have lived together.
If you have any more questions about Wills, please contact us today.
Private Wealth