What's the difference between intestacy and testacy?

Intestacy


Definition:

  • (n.) The state of being intestate, or of dying without having made a valid will.

Example Sentences:

  • (1) If you don’t make a will, he won’t get your share as it will go to a member of your family under the intestacy rules.
  • (2) Assuming that your estate would be worth more than £250,000, the intestacy rules – which come into play when someone dies without leaving a will – say that your children would get everything, divided equally between them.
  • (3) You then need to clear any unpaid debts and distribute the estate, which means giving any property, money or possessions to the beneficiaries as dictated by the will, or by intestacy laws if there is no will.
  • (4) All gifts left to a spouse or civil partner in a will – or inherited under the intestacy rules – are free of inheritance tax.
  • (5) If there is no will, or it's invalid, the laws of intestacy apply and the person entitled to take responsibility for the estate is usually the surviving spouse, civil partner or nearest relative.
  • (6) He also pointed out that the duchy operated as the harbour authority in the Scilly Isles and had the role of dealing with intestacy and company failure in the County of Cornwall, which were effectively public roles.
  • (7) One of the initial proposals that was not included in the agreed changes was to include co-habitees in the intestacy rules to reflect living circumstances in today’s society,” says James Antoniou, head of wills for the Co-operative Legal Services.
  • (8) If someone dies without a will, there is a set of intestacy rules that determine who gets what.

Testacy


Definition:

  • (n.) The state or circumstance of being testate, or of leaving a valid will, or testament, at death.

Example Sentences:

Words possibly related to "intestacy"

Words possibly related to "testacy"