Inheritance and Trustees’ Powers Act 2014 receives Royal Assent

The long awaited Inheritance and Trustees’ Powers Act 2014 (ITPA) received Her Majesty’s Royal Assent on 14th May 2014 and will make important changes to: the intestacy rules, the Inheritance (Provision for Family and Dependants) Act 1975; and sections 31 and 32 of the Trustee Act 1925 A commencement date has not yet been announced…

A Summary: Inheritance and Trustees’ Powers Bill

Following consultation in 2009 and 2011, the Law Commission published a report entitled “Inheritance and Family Provision Claims on Death” in December 2011. This set out recommendations for reform of the law and included the draft Inheritance and Trustees’ Powers Bill. The proposals contained in the Bill will be of significance for all residuary beneficiaries…