Anyone know what past inherency amount with no will was?

Moogles44

Hi,
We were just chatting and someone came up with something interesting that could help someone. In the 1980’s does anyone know what the inherency law was if you died without a will?

I know now it’s £250,000 to spouse then he/she has half of what’s left and then the rest goes between kids . Was it the same in 1985?

Yorkshireman99

Moogles44 wrote: »

Hi,
We were just chatting and someone came up with something interesting that could help someone. In the 1980’s does anyone know what the inherency law was if you died without a will?

I know now it’s £250,000 to spouse then he/she has half of what’s left and then the rest goes between kids . Was it the same in 1985?

The rules were changed as were the amounts but I have not tracked down any more detail.. AFAIK it is too late to do anything about anyway due it being more than twelve years ago but I am happy to be corrected.

Moogles44

Yorkshireman99 wrote: »

The rules were changed as were the amounts but I have not tracked down any more detail.. AFAIK it is too late to do anything about anyway due it being more than twelve years ago but I am happy to be corrected.

I’m struggling to find the amount on google too and website with all the laws ( so confusing).

Normally it wouldn’t matter as too late , I agree, but in this case it would as it reflects on something new being looked into .

Owain_Moneysaver

You may be confusing intestacy (dying without a Will) and Inheritance Tax (IHT).

IHT is not directly affected by whether there was a Will or not.

IHT rates are here

For intestacy, start at s.46 Administration of Estates Act 1925 and Schedule 1A as amended occasionally which set the "fixed net sum".

Moogles44

Owain_Moneysaver wrote: »

You may be confusing intestacy (dying without a Will) and Inheritance Tax (IHT).

IHT is not directly affected by whether there was a Will or not.

IHT rates are here

For intestacy, start at s.46 Administration of Estates Act 1925 and Schedule 1A as amended occasionally which set the "fixed net sum".

No , I don’t need to know about inheritance tax but many thanks for checking that as I could have been

Yorkshireman99

I am not confusing the two things. AIUI the OP is asking what the values upon intestacy were in the 1980s. I have failed to find those.

Moogles44

Yorkshireman99 wrote: »

I am not confusing the two things. AIUI the OP is asking what the values upon intestacy were in the 1980s. I have filed to find those.

Is there any chance that you could let me know when you know please? Mines for 1986.

Yorkshireman99

Moogles44 wrote: »

Is there any chance that you could let me know when you know please? Mines for 1986.

All I can find is that for deaths prior to 1st February 2009 what is called the statutory legacy was £125,000 compared with now at £250,000. Clearly it needs to be index linked and is overdue for revising.I don't plan to do any more Googling on the subject but you could try yourself if Xmas is getting boring!

Keep_pedalling

I believe the Administration of Estates Act 1925 applied at that time.

https://www.legislation.gov.uk/ukpga/Geo5/15-16/23/section/46

getmore4less

Started at £1k with the 1925 act

got increased a few times.

This will get you closer work forward.
https://www.legislation.gov.uk/ukpga/1966/35/section/1/enacted

google and work through
The Family Provision (Intestate Succession) Order

or

https://www.legislation.gov.uk/all?title=The%20Family%20Provision%20%28Intestate%20Succession%29%20Order

Moogles44

You have no idea how helpful you have all been! You may have discovered a way that I can keep my home.

https://www.russell-cooke.co.uk/media/2083/the-laws-of-intestacy_jan_2009v2.pdf

It also mentions that when the surviving spouse dies that that could make a difference to the children. It’s very complicated case but this helps hugely.
Thanks so much x