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Wills and estate planning

Last will and testament
BBC Radio 4's Money Box Live
Wednesday 3 November at 1502 GMT On BBC Radio 4 and Online

If you want to decide who benefits from your property and possessions after your death you will need to make a will.

Yet 62% of UK adults do not have one say advice website unbiased.

When an individual dies without a will, the law sets out who can deal with the estate and who will inherit.

Couples who are not married or registered civil partners, may not inherit any of their partners estate without a will, unless they live in Scotland. The Family Law (Scotland) Act 2006, introduced basic rights to protect cohabitants when a partner dies.

If you want to set up and pay for a will by making a donation to charity instead of paying a solicitors fee, you could take advantage of Will Aid's National Make a Will Month this November.

How do you make a will and what will it cost?

Do you understand the inheritance laws and how they will impact on your family?

How does the system work in Scotland?

Can you give gifts or even a house to your family before you die?

If you're co-habiting rather than married or in a civil partnership have you made provision for your loved one?

What are the responsibilities of an executor and should there be more than one?

Can you challenge or amend an existing will?

Vincent Duggleby was joined by:

Alan Barr, partner, Brodies and director of legal practice at University of Edinburgh

David Kilshaw, head of private client advisory, KPMG

Nicola Plant, partner, Thomas Eggar

Presenter: Vincent Duggleby
Producer: Diane Richardson



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SEE ALSO
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