No will? Here’s what to do next ← RETURN to BLOGS

Dealing with a death of a loved one isn’t easy – and when it comes to sorting out the estate of the deceased person, it can be made even harder if they haven’t left behind a will and testament explaining how they want their estate to be divided. It is believed that 31m Brits are at risk of dying “intestate”, as it is known. But what should you do if you inherit the property?

Intestacy law

Before deciding what to do, it’s first worth looking at what you can’t change: the law. Intestacy law is complex, and there is absolutely no guarantee that it will respect the wishes of the person who has passed away. A person who dies without leaving a will is called an Intestate person. Only married or civil partners are first in line to inherit, but those who are unmarried and living together can not inherit under the laws of intestacy. Even in the case of marriage, it’s not a guarantee. If the estate is over £270,000 in value, children may also get a defined cut – meaning that you may not be able to keep all of your home and could have to sell it, even if you were married to the deceased person at the time. A qualified solicitor can help you in this regard, and it may well be worth engaging the services of one who can help.

Quick disposal

In the event of  inheriting or becoming responsible for an estate which does not have the golden guidance document that is a will associated with it, you may find that you want to simply dispose of as many of the assets as possible – as quickly as possible. With the process looming out ahead of you and posing a risk of sapping months and months of time, it is often judged to be better to move fast and sell up wherever possible as it will cut down on the administrative burden you are likely to face in the future. A home buying service can help as they have the funds to make swift purchases.

How can Spring help?

Spring's home buying service can purchase the property you need to dispose of quickly, easily and simply. Our funding allows us to purchase properties with speed, sometimes in as little as seven days. Simply complete get in touch today and our team of property advisors can help.