New intestacy rules make having a will more important than ever

The Administration of Estates Act contains the rules on what to do when someone dies without a will. Since it was passed in 1925, society has changed radically. In particular, families have become much more complicated. Unmarried cohabitants, divorce and second marriages were rare in 1925 but are now commonplace; as are step-children, step-parents and step-grandparents.

This law was recently amended on 1st October 2014 and a number of technical changes were made but it did not create any new rights for unmarried cohabitants or step-children. Arguably, the new law places more importance on marriage. This might cause problems for those in second marriages and unmarried couples, depending on how assets are owned. Children from previous relationships may lose out. Children of unmarried partners may find themselves owning assets of the deceased partner. With this in mind, making a will is more important than ever.

Every solicitor in this area of law can point to a case they have done which would have been simpler, less stressful and much cheaper had the deceased only made a will and taken professional advice. The costs of not having a will can hugely outweigh the small amount charged for having a professionally drafted will prepared by a qualified solicitor.

For more information on how the changes in the law may affect you or your family or for straightforward advice on making a will, call us today for a free, no obligation chat on 0113 201 4900.

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