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Całe ustawodawstwo
Wills & Probate
c. 23
Administration of Estates Act 1925
Zobacz na legislation.gov.ukPodsumowanie
Governs the administration of deceased persons' estates and provides the statutory rules for intestate succession (where a person dies without a valid will). The intestacy rules determine the order in which relatives inherit, with the surviving spouse/civil partner and children being the primary beneficiaries.
Kluczowe punkty
- Rules for intestate succession
- Surviving spouse receives personal chattels and statutory legacy (currently £322,000)
- Remainder shared between spouse and children
- Unmarried partners receive nothing on intestacy
- Personal representatives must administer the estate
- Sets out the intestacy rules for distribution of estates where there is no valid will (s.46)
- Surviving spouse/civil partner receives personal chattels, statutory legacy (currently £322,000), and half the residue if there are issue
- Remainder distributed to children equally (or their issue per stirpes)
- If no surviving spouse, estate passes to children, then parents, then siblings, then half-siblings, then grandparents, then aunts/uncles
- If no qualifying relatives survive, the estate passes to the Crown as bona vacantia
- Personal representatives (executors/administrators) have duty to collect assets, pay debts, and distribute the estate
Części i sekcje
Historia nowelizacji
2014 — Inheritance and Trustees' Powers Act 2014
Increased the statutory legacy to the surviving spouse and removed the life interest in favour of an absolute share.
2014 — Inheritance and Trustees' Powers Act 2014
Updated the statutory legacy amount and modernised trustees' administrative powers.