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Changes to intestacy rules

by Sherron Alexander-Bedingfield | Oct 02, 2014
  • The Inheritance and Trustees’ Powers Act 2014 was introduced on 1 October 2014. The act will affect you irrespective of whether or not you have a will.
    wills intestate
    If you intend to rely on the intestacy rules to determine how your estate is distributed, you will now need to establish whether your money will go to the person you had previously chosen, and how much. The act also alters the definition of persons who are able to apply to court for reasonable financial provisions from your estate and the powers given to your trustees. 

    A will is especially pertinent in the context of the modern day family, whose structure is fundamentally changing. Marriage, divorce, separation, cohabitation and stepfamilies all have an effect on who inherits under your will and who can make a valid challenge if not provided for. 

    In light of these changes, we are advising clients to have a will written immediately - or at the very least, have your will reviewed. 

    For the month of October, Sable Wills is offering two packages to help make it easier for you to draw up or review your will:

    • £500 for a Standard Single Will and one Lasting Power of Attorney 
    • £600 for a Tailored Single Will and one Lasting Power of Attorney 

    If you’d like to find out more about these packages, please contact Sherron Alexander-Bedingfield on + 44 (0) 20 7759 5531 or email our Sable International wills team on wills@sable-group.com.

    We are a professional services company that specialises in cross-border financial and immigration advice and solutions.

    Our teams in the UK, South Africa and Australia can ensure that when you decide to move overseas, invest offshore or expand your business internationally, you’ll do so with the backing of experienced local experts.

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