- Ian at New Approach
£20,000 increase with new Intestacy Rules
New intestacy rules will be introduced on 6th February 2020 which will increase the statutory amount due to a spouse when a person has died without making a Will.
If you do not have a will in place then your estate will be dealt with under the law of intestacy (s46 Administration of Estates Act 1925).
This means a fixed sum from your estate will due be to your surviving spouse the rest of the estate will then be divided in equal proportions between your spouse and blood children.
Since 2014 the statutory amount due to the surviving spouse has been £250,000 along with the personal items belonging to the deceased spouse and an absolute interest in half of the remaining estate. New rules coming into force on 6th February 2020 that will increase the amount to £270,000.