The new Inheritance and Trustees Powers Act 2014 takes a number of sensible steps to modernise the way someone’s estate is treated on death when there is no will. This includes the requirement of the court to consider not just spouses, but ex-spouses and co-habitants of the deceased, people who have been treated as ‘children of the family’ and people who were wholly or partly financially dependent on the deceased. While this does bring the legislation more in line with modern life, it is still best to have a will. It is only with a will that you can be sure that your intentions are carried out as to who you want to have what. The lack of a will almost always leads to disputes which are both unpleasant and can be costly.
No comments:
Post a Comment