Changes to the Law of Intestacy

The Inheritance and Trustees’ Powers Bill comes into force on 1st October 2014 and contains two new measures for improving the riules on how an estate is distributed if someone dies without making a Will.

  • Under the new Bill when someone dies without children the entire estate will pass to the surviving spouse instead of amounts over the first £450,000 being divided up between members of the family.
  • The other change simplifies the situation if there is a surviving spouse and children. The surviving spouse now receives the first £250,000, plus personal belongings and half the remainder of the estate. The children receive the rest.

Whilst these changes are welcome it is important to guard against complacency. Dying without a Will in place still causes enormous expense and delay. Very importantly, unmarried couples are not covered by the new rules and the surviving partner would still receive nothing if their partner died intestate. Please, contact us today for more information.

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