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On the 5 July 2023, the government passed The Administration of Estates Act 1925 (Fixed Net Sum) Order 2023. If you die without a will (known as dying intestate)...
On the 5 July 2023, the government passed The Administration of
Estates Act 1925 (Fixed Net Sum) Order 2023. If you die without a
will (known as dying intestate), the law states how your estate
will be divided amongst your surviving family.
Currently if you die leaving a spouse/civil partner and
children, your spouse/civil partner receives a legacy of
£270,000 plus the personal chattels. The remaining estate is
divided so the spouse/civil partner receives 50% and the children
share 50% (in equal shares if there is more than one child).
This order increases the legacy to the spouse/civil partner to
£322,000 for all deaths on or after 26 July 2023.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
