Apologies for being the newbie, I’ve ended up executor on a will which for the most part is straight forward, however I have a question if anyone more experienced can share their thoughts.
In the will there are no legacies, and the surviving spouse is provided the residue.
Estate valuation is circa £195k, comprising house £150k in joint name in which the surviving spouse lives, there is £32k cash in a joint named bank account, and a car valued circa £14k in the sole name of deceased. There are two surviving adult children.
From what I understand the heritable assets go directly to surviving spouse, and also the cash since this is in a joint named account.
My question relates to the car, does the car also transfer to the surviving spouse to keep or sell as desired….or does the car fall within the legal rights of either of the two adult children should they wish to claim ?
TIA
In the will there are no legacies, and the surviving spouse is provided the residue.
Estate valuation is circa £195k, comprising house £150k in joint name in which the surviving spouse lives, there is £32k cash in a joint named bank account, and a car valued circa £14k in the sole name of deceased. There are two surviving adult children.
From what I understand the heritable assets go directly to surviving spouse, and also the cash since this is in a joint named account.
My question relates to the car, does the car also transfer to the surviving spouse to keep or sell as desired….or does the car fall within the legal rights of either of the two adult children should they wish to claim ?
TIA
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