New Statutory Legacy Rules from July 2023
When someone dies who has not made a valid will their estate is dealt with in accordance with the Law of Intestacy. These rules set out how estates are to be distributed and ranks various parties into an order for inheriting from an estate. The current law sees that spouses and civil partners are the first to inherit from a deceased’s estate, where applicable, followed by any children, parents, siblings, and so on.
In July 2023 the Statutory Legacy sum for spouses and civil partners was increased from £270,000 to £322,000. This w...