23 June 2009
Probate News

On the 1st February 2009 important changes were made to the rules governing what happens to a person’s assets if they die without leaving a Will. The result will have a significant impact on the amount received by spouses or civil partners.

If a person died intestate (i.e. without a Will) before 1st February 2009, leaving a spouse or civil partner and children or their issue, then the spouse or civil partner was guaranteed to receive the first £125,000. When a person has died after 1st February 2009 this figure is increased to £250,000.

If a person died intestate before 1st February 2009, leaving a spouse or civil partner but no children or their issue, then the spouse or civil partner is guaranteed to receive the first £200,000. When a person has died after 1st February 2009 this figure is increased to £450,000.

These changes highlight the importance of making a Will, so that you rather than the state decide what should happen to your assets on your death. This is particularly relevant if you are married or in a civil partnership but have children from a previous relationship. If you want to ensure a fair split between your spouse or civil partner and your children you need to ensure you have a properly drafted Will. 

If you want any more information or would like to make an appointment to discuss making or amending your Will, please contact us on 01482 223693.