Government increases “statutory legacy” to £270,000

The government has increased the “statutory legacy” for partners of people who die intestate, from £250,000 to £270,000.

Ministers said they would raise the amount partners can inherit, in line with the consumer price index, every five years. The amount was set at £250,000 in October 2014 and will be increased to £270,000 from 6 February this year; slightly beyond the initial deadline.

Commenting on the imminent rise, Law Society President Simon Davies took the opportunity to stress the importance of an up-to-date will. “This increase is very welcome,” he said, “But many people are unaware that unmarried partners and close friends cannot inherit. Writing a legally valid will with the help of an expert solicitor ensures people’s estate is inherited exactly as they would choose.”

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