Posted by Nicola Waldman | Partner
On 30th January 2020
On 6th February 2020, the statutory legacy awarded on intestacy to a surviving spouse or civil partner will go up by £20,000 from £250,000 to £270,000. Every 5 years, the government reviews the amount of this legacy and increases it in line with the Consumer Price Index.
This legacy is paid when the deceased dies without a valid will, leaving a surviving spouse or civil partner AND children. In those circumstances, in addition to the statutory legacy, the surviving spouse/civil partner will also get the deceased’s personal effects ie the contents of their home and also half of what’s left after deducting the first £270,000, with the other half going to the deceased’s children at 18. If there are no children, then the surviving spouse or civil partner will inherit the entire estate.