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Examination Timing: 00H00M08S
Daniel died intestate, leaving behind a spouse and one child. How will his estate be distributed under the intestacy rules in England and Wales?
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Under the intestacy rules, if a person dies leaving a spouse and children, the spouse receives the personal chattels, the first £270,000 of the estate, and half of the remaining estate. The other half of the remaining estate is divided equally among the children.
Key Point: Intestacy rules provide a formula for distributing the estate among the surviving spouse and children, ensuring fair distribution according to statutory guidelines.
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