Passing on money

Dividing the Estate

Whatever remains after any prior and legal rights have been met passes to your survivors or relatives in the following order of priority:

any children or, if they have died, their children;
if there are no children but there are parents and/or brothers and sisters, half to the parents and half to the siblings; if a sibling has died, his or her place is taken by his or her children, if any;
if no parents, everything to the brothers and/or sisters;
if no brothers or sisters, parents take everything;
a surviving spouse;
uncles and aunts or, if they have died, their children;
grandparents;
brothers and/or sisters of grand- parents or, if they have died, their children;
remoter ancestors.

If you are survived by no family at all, the estate passes to the Crown.

Pensions.co.uk is part of a large network of financial sites created to help advise you on life events, such as buying a house, Mortgages.co.uk; insuring your car - CarInsurances.co.uk; your life - LifeInsurance.co.uk; and your home - HomeInsurance.co.uk.

1998 - 2007 UK Pensions - Planning before, at the onset and during retirement.

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