Ministry of Justice Increases Statutory Legacy
The British Ministry of Justice has announced increases in the statutory legacy, that is the amount which married couples and civil partners whose spouse or civil partner dies without leaving a will receive absolutely.
The current levels are set at £125,000 (if the deceased is survived by a child or children) and £200,000 (if there are no surviving children). These are to be increased from 1st February 2009 to £250,000 to £450,000 respectively.
Liz Braude, an estate planning Solicitor and a Partner at Manchester law firm Pannone LLP, commented, “Whilst these long overdue increases are to be welcomed, there is no substitute for a well-drafted will to ensure that those you wish to benefit on your death are provided for and to allow your executors to take control of your affairs immediately following your death. Dying intestate is definitely the second-best option.”
For more information please visit http://www.pannone.com/solicitors-for-you/tax-estate-planning.asp
- Contact Information
- Liz Braude
- Estate Planning Solicitor
- Pannone LLP
- Contact via E-mail
This news content may be integrated into any legitimate news gathering and publishing effort. Linking is permitted.
News Release Distribution and Press Release Distribution Services Provided by WebWire.