Posted by James McNeile, Partner
On 1 September 2016 Withy King LLP merged with Royds LLP. The trading name for the merged firm is Royds Withy King. All content produced prior to this date will remain in the name of the firms pre-merger.
Comedian’s family could lose thousands because he failed to make a Will
A high-profile case has drawn fresh attention to the dangers of not making a Will.
The comedian Rik Mayall, best known for shows such as The Young Ones and The New Statesman, died suddenly in June last year. He had suffered a heart attack after returning from his regular run.
But it was revealed a couple of weeks ago that the funnyman had not left instructions on how his £1.2million estate should be divided up.
This is despite the fact that he had previously almost died in 1998 after suffering serious head injuries in a quad bike accident.
The fact that no valid Will has been made could lead to complications and a substantial inheritance tax bill for his long-standing wife Barbara and the couple’s three children.
The estate will now be subject to intestacy rules.
By making a Will you decide which of your family, friends or favourite charities inherits your assets. It also gives you a chance to disinherit the Chancellor of the Exchequer, by ensuring that your estate is left in the most tax effective way. For more information on our private client services please visit our website or contact Tony Millson.