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Understanding Intestacy Rules and Estate Planning for Police Personnel

Navigating financial wellness and estate planning is crucial for police officers. This guide addresses important topics such as managing debt, making a will, and understanding inheritance under intestacy rules. Learn how your estate is distributed if you pass without a will, including the rights of your spouse, children, and other relatives. Explore financial wellness strategies, pension management, and the implications of being married or in a civil partnership. Protect your loved ones and assets by being informed about these essential topics.

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Understanding Intestacy Rules and Estate Planning for Police Personnel

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  1. Police Mutual Financial Wellness Saving and Investment Pensions Where are you now? Managing your Debt Borrowing Protecting what matters Click on a subject to continue

  2. Making a Will

  3. Spouse gets first £250k & life interest in half of remainder Children get the rest at 18 Spouse gets first £450k & half of balance Remainder shared between siblings (*or issue) Spouse gets first £450k & half of balance Remainder shared between parents Are you married or a registered civil partner? Has your spouse survived you by 28 days? Estate worth more than £250k? Treated as having no legal spouse Surviving children? (*or issue) Surviving siblings? (*or issue) Everything to spouse Everything to spouse Surviving parents? Summary of Intestacy rules *‘Issue’ means children (including illegitimate and adopted children but not step-children), grandchildren and great grandchildren etc. Issue will benefit only if their parent has pre-deceased you.

  4. Shared equally between them (*or issue) Shared equally between them (*or issue) Shared equally between them Are you married or a registered civil partner? Have any of your children (*or issue) survived you? Estate shared equally between children (*or issue) Has any parent survived you? Surviving siblings? (*or issue) Surviving grandparents? Surviving aunts or uncles? (*or issue) Everything goes to crown Shared equally between parents Summary of Intestacy rules *‘Issue’ means children (including illegitimate and adopted children but not step-children), grandchildren and great grandchildren etc. Issue will benefit only if their parent has pre-deceased you.

  5. www.pmas.co.uk www.lawsociety.org.uk www.rsadvice.co.uk www.hmrc.gov.uk Further information

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