Intestate Succession Flashcards
- prior right
Dwellinghouse- up to a certain amount of money- have to be ordinarily resident
Plemishings right - relict has a right to the furniture to the sun of £29,000
Financial Provision - right to money, amount depends on weather the deceased left issue £50000 if they did and £89,000 if they did not
- Relics right
Also known as legal rights enables the spouse or CP to take a third of the moveable estate if the deceased left issue or half if the deceased left no issue
- Cohabitants right
Court has the power to make an award to the Cohab but the power is discretionary
S29 if the family law coronas act sets out the requirements to be able to claim a right, you would receive part of the net estate or get a property transfer order, maxim means they would never get the same as a spouse or CP
- Legitum
If there is no cohabitant the legitum is a third of the value of the net moveables, it is the right to money
- Free estate
Dears part means anything left from the estate after the satisfaction of prior rights, cohab rights however sometimes there is no free estate
Ultimus Haereus
Anyone as far away in your family can inherit you intestate wise
Artificial intestacy
If someone rejects their legacy then sometimes the estate can go intestate in order to get a greater amount of money
Partial intestacy
When the will fails to dispose of the full estate it will fall into intestacy and will be distributed under S2 if the 1964 Act