Docklands Solicitor
Latest legal news from Docklands Solicitors, Kaslers Solicitors LLP.
Wednesday, 5 November 2008
Administration of Estates, Intestacy, Increase in Statutory Legacy
Many people think that if you are married, you do not need to leave a will, as everything goes to the spouse. They are wrong!
The spouse gets a set amount ( the statutory legacy - see below) , personal belongings, and only the income for life from half the rest
As from 1 February 2009:
Where the intestate leaves a spouse and children, the spouses legacy will be £250,000 - up from £125,000
Where there are no children, but the intestate is survived by parents or siblings, the spouses legacy will be £450,000 - up from £250,000
The position if you are not married is even worse!!!
The spouse gets a set amount ( the statutory legacy - see below) , personal belongings, and only the income for life from half the rest
As from 1 February 2009:
Where the intestate leaves a spouse and children, the spouses legacy will be £250,000 - up from £125,000
Where there are no children, but the intestate is survived by parents or siblings, the spouses legacy will be £450,000 - up from £250,000
The position if you are not married is even worse!!!
Labels: Administration estates Intestacy statutory legacy increase
# posted by michael @ 21:54 
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