BBC News
Launch consoleBBC NEWS CHANNEL
Page last updated at 12:11 GMT, Friday, 29 October 2010 13:11 UK

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

Money Box



Download or subscribe to this programme's podcast

Podcast Help

External internet links
28 Oct 10 |  Moneybox
Historic letters saved for nation
12 Oct 10 |  Wales
Tax issues: Your questions answered
06 Jun 10 |  Business
Most UK adults 'without a Will'
27 Apr 10 |  Business
Inheritance tax threshold frozen
09 Dec 09 |  Business
Tens of thousands of wills online
20 Oct 09 |  Mid Wales
Woman wins RSPCA will challenge
09 Oct 09 |  North Yorkshire

The BBC is not responsible for the content of external internet sites

Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit

banner watch listen bbc sport Americas Africa Europe Middle East South Asia Asia Pacific