Statutory Instruments
2023 No. 758
Family Provision, England And Wales
Intestacy
The Administration of Estates Act 1925 (Fixed Net Sum) Order 2023
Made
at 10.50 a.m. on 5th July 2023
Laid before Parliament
at 4.00 p.m. on 5th July 2023
Coming into force
26th July 2023
The Lord Chancellor, in exercise of the powers conferred by paragraphs 3(1), 6(1) and 7(2) of Schedule 1A to the Administration of Estates Act 1925( 1 ), makes the following Order:
Citation and commencement
1. This Order may be cited as the Administration of Estates Act 1925 (Fixed Net Sum) Order 2023 and comes into force on 26th July 2023.
Fixed Net Sum
2. The fixed net sum referred to in paragraph (B) of case (2) of the Table in section 46(1)(i) of the Administration of Estates Act 1925( 2 ) is to be £322,000.
Bellamy
Parliamentary Under-Secretary of State
Ministry of Justice
At 10.50 a.m. on 5th July 2023
1925 c. 23 (Regnal 15 and 16 Geo 5). Schedule 1A was inserted by the Inheritance and Trustees’ Powers Act 2014 (c. 16) , section 2(1) and Schedule 1.
Section 46(1) was amended by the Intestates’ Estates Act 1952 (c. 64) , section 1, the Civil Partnership Act 2004 (c. 33) , section 71 and Schedule 4, Part 2, paragraph 7 and the Inheritance and Trustees’ Powers Act 2014 (c. 16) , section 1.