{"id":1541,"date":"2016-03-03T09:33:27","date_gmt":"2016-03-03T09:33:27","guid":{"rendered":"http:\/\/www.bwmltd.org\/wordpress\/?p=1541"},"modified":"2016-03-03T09:33:27","modified_gmt":"2016-03-03T09:33:27","slug":"dying-intestate-2","status":"publish","type":"post","link":"https:\/\/www.vizionwealth.co.uk\/news\/dying-intestate-2\/","title":{"rendered":"Dying intestate"},"content":{"rendered":"<p><strong>If there\u2019s 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<br \/>\na Grant of Probate in England &amp; Wales or Northern Ireland (a Grant of Confirmation in Scotland). If there\u2019s 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 \u2018dying intestate\u2019.<!--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<br \/>\nor administrators have to:<\/strong><br \/>\n\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\u2019s 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 &amp; Wales or Northern Ireland (a Grant of Confirmation in Scotland). If there\u2019s no valid will, or the named executors in&#8230;  <a class=\"excerpt-read-more\" href=\"https:\/\/www.vizionwealth.co.uk\/news\/dying-intestate-2\/\" title=\"ReadDying intestate\">Read more &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"_links":{"self":[{"href":"https:\/\/www.vizionwealth.co.uk\/news\/wp-json\/wp\/v2\/posts\/1541"}],"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=1541"}],"version-history":[{"count":0,"href":"https:\/\/www.vizionwealth.co.uk\/news\/wp-json\/wp\/v2\/posts\/1541\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vizionwealth.co.uk\/news\/wp-json\/wp\/v2\/media?parent=1541"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vizionwealth.co.uk\/news\/wp-json\/wp\/v2\/categories?post=1541"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vizionwealth.co.uk\/news\/wp-json\/wp\/v2\/tags?post=1541"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}