Yes, I'd forgotten about the rules of intestacy! I'm intending to do a Will myself soon so I'm considering the options. I have a house and a small (very small!) amount of savings and 2 children. There's no one else - the family is dying out! I'd be leaving the kids 50% of whatever is left. It's possible my house will have to be sold if I get something awful (like dementia...) and have to go into care, but my intention would remain the same, that my kids get 50% of the remainder.
But I'm wondering if there's actually any point? If I don't make a will, that's what my kids would get anyway under the rules of intestacy. So should I bother? I will be setting up LPA for both kids equally, but I don't know what happens when I die as LPA ends on death. If there is no will, and therefore no executor to take over at that point to get probate and sort out the last financial matters, who does all that? Presumably if someone is appointed they would charge a fee which would come out of the estate, so there would be costs for this. I'd have to measure this against the cost of doing a will! Swings and roundabouts...
Any advice/opinions appreciated!