2nd August 2023
The Government passed a new law that starts on 26 July 2023. It relates to estates where you die intestate (without having made a Will) and the law dictates who will inherit your estate.
Previous laws said that if you left a spouse or civil partner and children on your death, your spouse would receive the first £270,000 of your estate and all your personal possessions. If your estate was over £270,000, the remainder would be divided equally between your surviving children and your spouse or civil partner. The new law increases the initial sum for your spouse or civil partner from £270,000 to £322,000 for deaths on or after 26 July 2023.
Therefore, it is important you make a Will so you can decide who inherits and who will benefit from your estate. Without a Will, the law will decide for you and in a way you may not wish.
The wills and probate team here at dgb is well regarded throughout Kent borne out by its high-level of business from personal and professional recommendations.
If you are interested in finding out more about our wills and probate services, please do not hesitate to contact us and we will be happy to assist you.
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