We recently published an article addressing the increase of the statutory legacy under intestacy rules - let's look at some further updates.
The UK government has laid a statutory instrument setting a new statutory legacy, increasing the existing sum of £270,000 to £322,000.
On rare occasions, a Will may not be found and you might be wondering what happens, or what to do in those circumstances.
Statistics show that over half of the UK population die without making a valid Will and 5.4 million people don’t know how to make one.
We will examine key cases in relation to will writing and other estate planning activities to keep you up to date on recent developments in the law, starting with Blyth v Sykes.
We’re now well into the first month of 2019, the weather is getting colder, Christmas and New Year is but a distant memory and perhaps for some of us those New Year’s resolutions we made have faded too.
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All you need to know about creating a Will
Ready for all the information you need to know about writing your Will?
Over 60% of the UK adult population do not have a valid will. This means that when they pass away their estate will be distributed according to set of rules known as the rules of intestacy.
The much-loved TV veteran, Sir Bruce Forsyth, left his entire fortune to his third wife Wilnelia in order to avoid inheritance tax (IHT) which he described to Radio Times in 2015 as ‘a bit over the top’.
Avoid intestacy If you die without making a Will, known as dying intestate, then your assets will be distributed according to the rules of intestacy. This will mean that the people you would like to receive your estate may not necessarily inherit it. Appoint executors Executors are the people you choose to carry out your...
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