# The Intestate Succession (Interest and Capitalisation) Order 1977 (Amendment) Order 1983, Note: Explanatory note


The estate of an intestate is charged with a fixed sum (the statutory legacy) in favour of the surviving spouse. Article 2 of the Intestate Succession (Interest and Capitalisation) Order 1977 fixes the rate of interest on the statutory legacy until it is paid or appropriated at 7%. Article 2 of this Order alters that rate to 6%.

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Source: https://www.legislation.gov.uk/uksi/1983/1374/note (the official version)
Page: https://openlegislation.uk/intestate-succession-interest-and-capitalisation-order-1977-amendment-order-1983/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.