New Intestacy Laws in England May Affect U.S. Investors

England and Wales have changed intestacy laws which will be enacted this October. Now any testator without a will leaves all immovable assets in the country to their spouse if there is no issue. With issue, the spouse receives his or her share absolutely instead of as a life estate. Foreign wills can be valid and side step these changes as long as the will meets certain requirements.

See Richard Norridge, Mark Johnson & Gareth Thomas, “Changes to Inheritance and Intestacy Rules in England and Wales May Affect Overseas Property Investors,” Asia Dispute Notes (August 12, 2014).

Posted by Ryan Moore, Associate Editor, Wealth Strategies Journal