Statutory Legacy: What Is It and How Much Is It?

<pWhen someone passes away without a valid Will in England or Wales, their estate is distributed according to strict legal rules known as the <a href="https://www.gov.uk/inherits-someone-dies-without-will"rules of intestacy</a. These rules dictate who inherits what, and a crucial element within this framework is the 'statutory legacy'. Often misunderstood, the statutory legacy is a fixed sum of money awarded to the surviving spouse or civil partner before the remaining estate is divided. Underst...