New Increase To Statutory Legacy On Intestacy
Starting July 26, 2023, the statutory legacy on intestacy will
Written by
Hatch Brenner UK
Starting July 26, 2023, the statutory legacy on intestacy will increase from £270,000 to £322,000.
This increases the amount a surviving spouse or civil partner is entitled to receive from the estate in the event of the deceased’s intestacy, especially when there are children involved and no valid will has been made. Understanding the estate administration process and the law is crucial for planning for the future of loved ones. Even if a valid Will is in place, the law determines what happens to the estate.
The increased statutory legacy amount will result in a larger payout for a spouse before their children. A legitimate Will is the easiest and most efficient approach to safeguard loved ones after death.
In case of incapacity, a Lasting Power of Attorney can help manage affairs and protect assets. Our Private Client team can assist with retirement planning, drafting a Will, and dealing with the estate of a deceased loved one.
How we can help you
To manage your case, our amiable and approachable partners, solicitors, legal executives, paralegals, and secretaries collaborate actively with you. We also specialise in family, matrimonial, and child law, commercial and residential property, medical negligence, wills, tax and probate, and personal injury.
To find out more about our expertise, please call:
Topics
This article is for general information only and does not constitute legal advice. The law may have changed since publication. Please contact us for advice on your own circumstances.
Keep reading
Related insights
Speak to our team
Discuss your legal requirements with us
Whatever your situation, an initial conversation with one of our solicitors can bring clarity. We will listen, explain your options and be clear about cost from the outset.
