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Inheritance changes on the way

Under the new law, the surviving spouse or civil partner will be entitled to receive all of the estate if there are no children.  The deceased’s parents or siblings will no longer be entitled to receive anything. Where there are children, the surviving spouse or civil partner will be entitled to a statutory legacy (fixed net sum), all the personal belongings and half of the rest of the estate. The children, including those who are later adopted after the death of a parent, will be entitled to the other half. Vicky Sladdin, a specialist Wills and Probate Solicitor with Atherton Godfrey, said: “Under the new law, the fixed net sum payable to a surviving spouse or civil partner will be reviewed more frequently than has been in the past and in addition there will be changes to what can be classed as personal belongings or chattels. “We understand it can be difficult to make a Will and it isn’t something that most people want to think about. But a Will effectively puts you in charge and lets you make the decisions about who deals with your estate and who benefits from any money or property that you leave.”A professionally drafted basic Will can cost as little as £100 plus VAT.    The law around inheritance is complex so it’s best to get legal advice – you can contact Atherton Godfrey’s Wills and Probate team on 01302 320621. 
 

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