Inheritance and Trustees’ Powers Bill — changes to the intestacy rules
By Stephanie Brobbey
The Inheritance and Trustees’ Powers Bill, which makes significant amendments to the intestacy rules, recently had its first reading in the House of Lords. Read on to find out more about these changes….
The Inheritance and Trustees’ Powers Bill (the Bill) is currently working its way through the House of Lords, with a second committee stage reading due to take place on 22 October. The Bill proposes a wide range of amendments to a number of different inheritance and succession law issues although this article concentrates on reform of the intestacy rules, an area of law which has not had a comprehensive review for over 20 years.
Essentially, the main objective of the Bill is to simplify the distribution of an estate when a person dies without making a will (intestate)…
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