The Intestacy Rules dictate what happens to your estate if you die without a Will.
From October 2014 when the Inheritance & Trustees’ Powers Act 2014 comes into force, if you die without a Will leaving a spouse or civil partner and children, your partner will receive your personal possessions, a fixed sum and half of the rest of your estate. This differs from the current rules whereby your partner received the half of your estate on a life interest trust meaning that they could receive the income from it but not have access to the capital.
For more information please contact us.
Please note the above is for information purposes only and is intended to be a short summary. It should not be treated as a comprehensive guide and should not be acted on without qualified legal advice.
