Family Investment Companies Briefing

This case relates to the estate of Dr David Sim in respect of a claim brought by his wife, Valerie Sim, for provision pursuant to the Inheritance (Provision for Family and Dependants) Act 1975 (“the 1975 Act”).

‘Bona Vacantia’ (vacant goods) is what happens to assets on death if they are deemed to have no owner. Assets have no legal owner if a deceased died without a Will and without any of the types of blood relative listed in the intestacy provision. Our team of experts explains three different ways the assets could pass on in certain cases.