Connells shows where there’s a will, there’s a way
27 October 2010
Connells estate agency is encouraging homeowners to make a will, to ensure that in the event of their death, their property and money go to the people they want to benefit.
“Many couples who live together assume that if one of them dies, the other will inherit everything, but this is not necessarily true,” says Connells Regional Director Liz Brown. “The survivor could end up inheriting nothing – and be homeless – if there is no will in place.”
Even married couples need a will; if you die without one, your spouse will only get the first £250,000 plus the right to income from half of the remainder. Once again, the house could end up being sold so that those who inherit under the intestacy laws can get their share. The intestacy laws govern what happens to your property if you die without making a valid will; your property will be distributed among members of your family, according to a set order. If you have no traceable family, your property could even end up going to the Government.
"Wills can also be used to avoid disputes after your death, to appoint guardians for any children aged under 18 or to minimise inheritance tax bills," Liz continues.
Connells branches are now offering homebuyers the chance to make a fixed-price will with specialist will-writing company Redstone Wills. All instructions are given in writing or by phone and there’s no need to visit lawyers’ offices to make the will.
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Notes to editors
About the Connells Group:
Founded in 1936 and comprising of 464 branches nationwide, the industry-leading Connells Group is the second largest and most profitable UK estate agency network. Last year, the Group generated £54.2 million in pre-tax profits making it the most successful estate agency group in the UK. In addition to operating under the Connells brand, the Group trades under other well-known local names including Allen & Harris, Bagshaws Residential, Barnard Marcus, Brown & Merry, Fox & Sons, Jones & Chapman, Manners & Harrison, Roger Platt, Shipways, Swetenhams, William H Brown, Sharman Quinney and Pattison Lane. As well as residential property sales and lettings, the Group has a comprehensive range of B2C and B2B services including new homes, mortgage services, conveyancing, EPCs, surveying, corporate lettings, asset management, land & planning, LPA receivers, auctions and relocations. The Connells Group is consistently named Best Large Estate Agency at the Estate Agency of the Year awards, winning the top prize for four of the past six years. It is also highly acclaimed in the New Homes category, winning Gold five times in the last six years, and in the Financial Services category for which it currently holds the Gold prize. For more information, please visit www.connells.co.uk