By not writing a will, Rik Mayall has left his family facing potentially hefty death duties on his £1.2m estate. What would happen if you died?
Rik Mayall, comedian and actor behind nasty MP Alan B'Stard, failed to have a valid will in place when he died unexpectedly in June 2014.
The probate records, which revealed the lack of the will, have led to speculation about potential inheritance taxes which might now be due on his £1.2m estate – taxes which could have otherwise been avoided.
7 November 2019
The views expressed in this blog do not in any way constitute advice and are specific to the date noted. As time passes the facts can change and readers should consult their adviser for up to date advice on any matters covered within the blog. Invest Southwest offers an initial review, which is free of charge, however long it takes. From this we will be able to confirm how we can help and give you an opportunity to decide if you would like us to. Thereafter, we will provide you with detailed recommendations and exact costs. Please note that we promise not to levy any kind of fee unless we can demonstrate a benefit to you.
- Trust Registration Service - Protect the Ones You Love
- When is Inheritance Tax due on gifts?
- Understanding Inheritance Tax and allowances
- Important takeaways from high-profile celebrity deaths
- What can go wrong with DIY probate?