5. Property passing outside the will or intestacy

Question 1

Which SIX assets pass outside will or intestacy?

Answer 1

1. Property held as beneficial joint tenants;
2. Life assurance policies;
3. Pension schemes;
4. Nominated property;
5. Life interest in a trust;
6. Gift where donor receives benefit

Question 2

In what circumstances does nominated property pass outisde will/estate

Answer 2

WHAT: Transfer of property held in friendly societies, the National Savings Bank, and National Savings Certificates

HOW: by statutory nomination in writing

LIMITED: Yes - not exceeding £5000