A Trust is a legal agreement between three parties. This agreement is a way of managing your assets. These could include things such as your finances, investments, land or property purchases.
Trusts involve three parties…
If someone dies without having made a legally binding Will, they are said to be intestate. Intestacy can create serious problems for the loved ones who are left behind, including:
- The family home may need to be sold
- A surviving spouse may not inherit their partner’s entire estate
- An unmarried partner will not have automatic entitlement
- Children could unintentionally be left with nothing
Making a claim
When a person dies intestate, the Intestacy Rules govern who can be appointed as Administrator of their estate, and you may find yourself in this position quite unexpectedly. This can be a complex and often very stressful process, and the team at Stirling Ackroyd Legal can help you by dealing with these matters swiftly and efficiently.