Rules of Intestacy
2023
Intestacy is a situation in which someone dies without a will. The rules of how to distribute the estate in such cases have changed a lot, but here we offer a summary about how they work right now, since the last change on July 26, 2023.
Summary of the rules of intestacy from 2023
According to the rules of intestacy of 2023, the statutory legacy amount that a spouse is automatically entitled to changed. Assuming that both children and a spouse are alive when the death occurs, the estate would be divided and detailed as below:
The heirs with rights according to the law are the spouse or civil partner first and possibly any children depending on the value of the estate. In case of intestacy, if the partner is not married or in a civil partnership, they will not have any rights as an heir. Common law partners are not currently recognised but this does not mean there are not laws to protect the interests of a partner. A partner may well have a claim on the estate according to the inheritance and dependants act 1975, for further information with regards this please make an enquiry with regards contesting an estate
When both the children and spouse live, the spouse will receive up to £322,000 that corresponds to the statutory legacy and half the estate above such statutory legacy. As for the children, they will receive the other half of the remaining estate above the statutory legacy.
If the children have predeceased, but there are other descendants, for example grandchildren, they would receive the share corresponding to that their parent would have received or divided between them if more than one. However, if the children are deceased without other descendants and the spouse is alive, the spouse will receive all of the estate, no matter which other family members of the deceased are alive, including parents, grandparents, uncles, and aunts, etc.
If both children and spouse are deceased and the children do not have other descendants, the estate would go fully to the grandparents, and if they are also deceased, to the uncles and aunts, first the full blood ones, and if they do not exist the half-blood ones.
When none of these people are reachable, you can hire an heir hunting service to help you find any potential heirs. Otherwise, if there are no heirs with rights, the estate would go fully to the Crown.
In conclusion, it is always highly recommended to make a will. With it you can distribute your estate as you wish including any partners who have a relationship with you that has not been formalised yet. Making a will is cheap, fast, and very efficient in comparison with the issues that usually appear when one dies intestacy.
What Can I Do?
If you want to avoid intestacy and you want to discuss will and probate matters, you can ask for help at IWC Probate & Will Services. Making a will will save a lot of time and likely money for your future heirs.
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IWC Probate Services
IWC Specialise in all areas of probate. They can help with the entire probate process or offer advice when it comes to intestacy.
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Fleetwood Heir Hunters
If you are already facing an intestate situation, you may need to find the legal heirs. Fleetwood Heir Hunters specialise in that exact area.
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Willfinda
Unsure if a Will was left behind? WillFinda is capable of searching a national database of Wills, visit their website for full details.