Intestacy Implications - Caroline Flack's Estate
Arken believes that every adult should have a Will. And we have had another sad reminder of the importance of putting a Will in place with the death of Caroline Flack who died intestate, and as part of an unmarried couple with no children, her entire estate went to her parents who are gifting her estate to charity. This may or may not have been what would have been desired, and there may be unnecessary IHT to pay, which could have been avoided if a Will had been made: at the very least, there will be a hefty legal bill. Taking this high-profile scenario as an example, here is a brief discussion on the application of the Intestacy rules in this case to give you talking points to help you engage with your clients and encourage them to put their affairs in order.