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Showing posts from October, 2022

KEY CHANGES IN THE SUCCESSION ACT CAP 162 AS OF 2022

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Parliament has passed amendments to the Succession Act bringing in new provisions and aligning the law with recent court judgments that challenged the constitutionality of some sections. While at the bill stage, Clause 21 of the Bill amended Section 2 of the Act by way of repeal, to remove distinctions between children, who were classified as those born in and out of wedlock for intestate estates. There are many more changes visible in inheritance portions of an intestate and in guidelines for a testator when drafting their will.  Behold a summary of the Key changes in the Succession Act as of 2022 Intestate person -Surviving spouse gets 20% -Lineal descendants 75% -Dependant results 9% -Heir 1% -20% of estate to be reserved for minors & dependant relatives. Residential holding 1. Shouldn't be distributed  2. Goes to Surviving spouse. 3. Once spouse dies house goes to linieal descendants who hold it as tenants in common  Everything subject to the rights of occupancy  If spouse