|Leading Professional Contributors|
Alison Craggs, Blake Morgan
Meeting the needs of the modern family
The Inheritance and Trustees' Powers Act 2014 ("the 2014 Act") is the result of a 6 year project by the Law Commission, and private client practitioners should be well aware of its provisions. It makes helpful changes to the intestacy rules and furthermore, where those rules or a Will fail to make adequate provision for close family, the 2014 Act removes certain obstacles to a claim under the Inheritance (Provision for Family and Dependants) Act 1975 ("the 1975 Act"). The changes apply to deaths on or after 1 October 2014. The changes are welcome but clients should be wary of relying on them as a substitute for making a Will.
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