The other half of the residue passes outright to your children on your death. Your spouse will also receive half the remainder of your assets (i.e. If you die without making a Will leaving a spouse and children then the intestacy rules mean that any assets in your sole name (up to the value of £270,000) will pass to your spouse, as well any assets which you and your spouse own in joint names as joint tenants (see below). What happens to my assets if I die and I haven’t made a Will? In this article, we look at the legal considerations recommended for anyone contemplating a second marriage. Many people do not realise that remarriage cancels any existing Will that is in place, and the more complicated family set-up means that consideration of new Wills, and possibly a pre-nuptial agreement, is essential. Whether the previous marriage ended in death or divorce, many of these couples will have children from previous relationships. Second marriages and inheritance: some points to consider Protecting your children’s inheritance when you re-marryĪ third of all marriages in England and Wales are between couples where one or both spouses had been previously married. International legal services for business.Employment law and HR consultancy services.Exiting or preparing to sell a business.You’ll find all the ways our solicitors can support you here.
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