Who has a will?

[TimberWolf]

Am I allowed to sub in a replacement?

Nope, the only way out nature offers is that you make your replacement as much in your image as you can manage.

[d000hg]

I sat through a 15min explanation of how things work without a will, all the way down to it going to the Crown, and was left firmly under the impression I don't need one. The one thing I checked was my Ltd counts as part of my 'belongings' and will thus go to the wife along with everything else.

If you're divorced or in a non-married relationship or want money going elsewhere then get one drawn up.

[HairyArsedBloke]

Ah the KLF send off. Like your style

Just imagine your relatives faces - especially if you've got a few qud.

Mu Mu

[SueEllen]

I sat through a 15min explanation of how things work without a will, all the way down to it going to the Crown, and was left firmly under the impression I don't need one. The one thing I checked was my Ltd counts as part of my 'belongings' and will thus go to the wife along with everything else.

WRONG You still need one

If you have children who are under 18 or over but disabled, then half the estate goes to them. This means your wife has to go to court to request money from the estate to raise them. Making the solicitors rich and your wife and children poorer.

If you don't your parents and siblings then the rest of your relations if they are deceased, are entitled to the other half of your estate above 125K limit.

[TheFaQQer]

I sat through a 15min explanation of how things work without a will, all the way down to it going to the Crown, and was left firmly under the impression I don't need one. The one thing I checked was my Ltd counts as part of my 'belongings' and will thus go to the wife along with everything else.

Only if your estate is under £200k and you have no other relatives. If it isn't, then it doesn't all go to your wife.

[TheFaQQer]

WRONG You still need one

If you have children who are under 18 or over but disabled, then half the estate goes to them. This means your wife has to go to court to request money from the estate to raise them. Making the solicitors rich and your wife and children poorer.

First £125k always goes to the partner. Rest is split in trust.

If you don't your parents and siblings then the rest of your relations if they are deceased, are entitled to the other half of your estate above 125K limit.

£200k if you have no children, not £125k

[Halo Jones]

On this subject can any one recomend a good firm for making a will, I have to talk to my mum about it next week & it would be good to get it all tied up, looking for a firm with offices in the Carmarthen area

[DS23]

if you don't have a will - get one.

[Moscow Mule]

Just to complicate matters further,

If your house is owned by both of you as joint tenants, you both own 100% of the house. If one of you karks it the other gets the entire house.

If you split up and sell, you don't get 200% of the price you get for the house :P

[alreadypacked]

Just to complicate matters further,

If your house is owned by both of you as joint tenants, you both own 100% of the house. If one of you karks it the other gets the entire house.

If you split up and sell, you don't get 200% of the price you get for the house :P

I think joint tenants is a good idea as the house is not part of your estate as far as allowances and tax is concerned. It works for those of you who are not married to current partners but have B!+*# ex's.