What happens?

DaunEierdamDaunEierdam Texas, United States
in Ask an expert
What happens in  the UK when a person with assets -- say patents and a bank account -- dies intestate? What happens to the assets?

Comments

  • taliavishay-arbeltaliavishay-arbel
    I found a site where they "walk" you through the various possibilities (spouse living, children or grandchildren living etc.) to give you the answer about how the inheritance is shared. here is the address: 
    https://www.gov.uk/inherits-someone-dies-without-will

  • DaunEierdamDaunEierdam Texas, United States
    Thanks!
  • DaunEierdamDaunEierdam Texas, United States
    In the case I'm thinking of, the assets would go to the Crown. Now my question is: How does the Crown find out about them? Is someone required to report the death, and to whom?
  • Tommy_A_JonesTommy_A_Jones Gloucestershire, United Kingdom
    The Government put the person's name on the Bona Vincantia site and Probate research companies try to trace Family Members in return for a percentage of the Money left by the Dead person.
  • GKCfanGKCfan Wisconsin, United States
    In some cases, if the patents in question are connected to a company, there may some other issues, but that depends on contracts and similar situations.
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