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Woollcombe Yonge
DROP IN LEGAL AND SELF FUNDING CARE FEES ADVICE CLINIC Free Clinic ARE YOU WORRIED ABOUT... FUTURE FINANCES - INHERITANCE TAX ESTATE PLANNING - YOUR WILL & LEGAL AFFAIRS POWERS OF ATTORNEY & COURT PROTECTION SELF-FUNDED CARE HOME FEES THE LAST THURSDAY OF EVERY MONTH BETWEEN 12-2PM THE MEMORY CAFE, NEW GEORGE STREET, PL1 1RJ
Rebecca Pope Wealth Management Chartered Financial Planner Accredited Member of SOLLA 01752 246830 Email: Rebecca.pope@sjpp.co.uk
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Michelle Crump Private Client Solicitor Woollcombe Yonge Solicitors 01752 827922 Email: mc@wysolicitors.co.uk
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UPDATE ON INTESTACY RULES I f you die without leaving a Will, the law states who inherits your estate in accordance with the intestacy rules. There has been a recent change in the rules which sees a surviving spouse or civil partner receiving more from the deceased’s estate. Previously, the rules stated that the surviving spouse or civil partner would receive the first £250,000 of the deceased’s estate. Anything above this amount will then be split equally between the spouse or civil partner (so that they receive £250,000 plus half of the rest of the estate) and any surviving children of the deceased. If there are no children, the spouse or civil partner will receive the entire estate. As of 6th February 2020, the sum of £250,000 received by the surviving spouse or civil partner increased to £270,000. place, regard must be had as to whether this leaves the survivor vulnerable. The survivor may, for example, be forced to sell the property to pay off any beneficiaries, which may be their own children. Following the death of a loved one, a process which could have been fairly straight forward could then turn into a very stressful situation for the survivor. In essence, the intestacy rules do not consider the feelings and wishes of the deceased and this simply stresses the importance of putting a Will in place to protect those closest to you. For further advice or to put a Will in place, contact Raegan Leather, Associate Solicitor within our Wills, Trusts & Probate team, on 01752 827920.
Whilst this increase is perhaps a welcome change to many, particularly where there is an unexpected death and no Will is in
