{"id":1250,"date":"2015-04-29T14:34:21","date_gmt":"2015-04-29T14:34:21","guid":{"rendered":"http:\/\/www.newsfin.co.uk\/news\/?p=1250"},"modified":"2015-04-29T14:34:21","modified_gmt":"2015-04-29T14:34:21","slug":"dying-intestate","status":"publish","type":"post","link":"https:\/\/www.vizionwealth.co.uk\/news\/dying-intestate\/","title":{"rendered":"Dying intestate"},"content":{"rendered":"<p><strong>If there&#8217;s no valid Will<\/strong><\/p>\n<p>When you die, your estate has to be distributed one way or another. If you have a Will, your executors have to gain a Grant of Probate in England and Wales or Northern Ireland (a Grant of Confirmation in Scotland). If there&#8217;s no valid Will, or the named executors in the Will are unwilling or unable to carry out their duties, a Grant of Letters of Administration is needed. This is known as &#8216;dying intestate&#8217;.<!--more--><\/p>\n<p>If the estate is worth less than \u00a35,000, or all assets are jointly owned and pass to the surviving owner, then Probate, Confirmation or Letters of Administration may not be needed.<\/p>\n<p><strong>Once a Grant has been gained, the executors or administrators have to:<\/strong><\/p>\n<p>\u2022 Work out the assets and liabilities of the estate<br \/>\n\u2022 Pay any outstanding loans and collect any outstanding debts<br \/>\n\u2022 Work out and pay any IHT due \u2013 or make arrangements for it to be paid off over 10 years in the case of properties and certain other assets<br \/>\n\u2022 Pay out the remaining assets in accordance with the Will or the rules of intestacy<\/p>\n","protected":false},"excerpt":{"rendered":"<p>If there&#8217;s no valid Will When you die, your estate has to be distributed one way or another. If you have a Will, your executors have to gain a Grant of Probate in England and Wales or Northern Ireland (a Grant of Confirmation in Scotland). If there&#8217;s no valid Will, or the named executors in&#8230;  <a class=\"excerpt-read-more\" href=\"https:\/\/www.vizionwealth.co.uk\/news\/dying-intestate\/\" title=\"ReadDying intestate\">Read more &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,7],"tags":[],"_links":{"self":[{"href":"https:\/\/www.vizionwealth.co.uk\/news\/wp-json\/wp\/v2\/posts\/1250"}],"collection":[{"href":"https:\/\/www.vizionwealth.co.uk\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vizionwealth.co.uk\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vizionwealth.co.uk\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vizionwealth.co.uk\/news\/wp-json\/wp\/v2\/comments?post=1250"}],"version-history":[{"count":0,"href":"https:\/\/www.vizionwealth.co.uk\/news\/wp-json\/wp\/v2\/posts\/1250\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vizionwealth.co.uk\/news\/wp-json\/wp\/v2\/media?parent=1250"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vizionwealth.co.uk\/news\/wp-json\/wp\/v2\/categories?post=1250"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vizionwealth.co.uk\/news\/wp-json\/wp\/v2\/tags?post=1250"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}