Intestacy

Question 1

What does spouse get under intestacy

Answer 1

1. Staturoy legacy fee (£322k out of estate)
2. Chattels
3. half of residue

Question 2

What happens to the house under the intestacy rules?

Answer 2

Spouse can require the personal representative to give them the couples matrimonial home in partial or total satisfaction of their interest (if home worth more than their share will have to pay the difference).

Question 4

What property passes outside the estate?

Answer 4

1. Joint owneed property (survivorhsip)
2. life policies in trust for X
3. Pension schemes
4. Life assurance polciies for Y