Intestacy Rules
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.