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Will My Parent’s New Husband/Wife Inherit Everything?

Wills and estate planning solicitor Jill Rushton provides guidance on what happens to your parents estate if they re-marry. Jill explains how getting re-married revokes any existing Will and how the law considers their new partner to be their primary beneficiary. For more information on making a Will or updating your existing Will please click the link below: https://www.stephensons.co.uk/site/in... *Jill Rushton is no longer part of the team at Stephensons but we are still able to assist with enquiries of this nature. Video transcript Marriage revokes any former Will as the law considers that your new spouse should be your primary beneficiary. If the marriage has revoked the Will and there has not been a Will made either in contemplation of the marriage or subsequent to the marriage then your new spouse will inherit according to the intestacy rules. These rules are there to protect the spouse first and foremost and will allow them to take the first £270,000 of an estate’s value which can include any assets and the property. They will also take the personal possessions regardless of value. The remaining value of the estate will then be split into two equal shares. The first half share will go outright to the spouse. The remaining half share will be divided equally between any surviving children (or grandchildren if one of the children have died leaving children).