Here’s a quick self-assessment to see how different situations affects you.
Without a Will the law sets out who gets what in a very strict pecking order meaning spouses get the bulk with children getting a much smaller share. Unmarried partners get NOTHING.
But your children's share could be part of your home and they could force your partner out of it, or cause them to need a mortgage
Surely that won’t happen… really – imagine a child divorcing and their share of your home being something for the divorce solicitors to argue over!!!
WE CAN EASILY AVOID THIS FOR YOU.
If you die first your new partner will inherit most of your estate and your children probably won't get anything from your partner's own Will. This is called sideways disinheritance. If you've married your partner your mariage will have revoked all existing Wills.
WE CAN EASILY AVOID THIS FOR YOU.
If your parent dies first their new partner will inherit most of the estate and you probably won't get anything from their partner's own Will. This is called sideways disinheritance.
WE CAN EASILY AVOID THIS FOR YOU.
WIthout a Guardianship Clause in your WIll children under 18 may end up in the 'care system' until a suitable guardian is appointed.
WE CAN EASILY AVOID THIS FOR YOU.
There is no such thing as a common-law spouse.
Cohabiting couples are are entitled to NOTHING via the laws of intestacy.
WE CAN EASILY ALLOW YOUR PARTNER TO INHERIT.
When you marry (or remarry) the Marriage Act revokes your Will, automatically making it null and void. The laws of intestacy mean most of the inheritance goes to your spouse, not your children! The intestacy laws can be very cruel, and don't give anything to step-children or cohabiting partners!
WE CAN EASILY AVOID THIS FOR YOU.
If for any reason you cannot access your bank or deal with financial matters then NO ONE else can without a Finance LPA. You could be abroad, in hospital or laid up at home.
If in future you lose capacity your account will be FROZEN, even joint accounts. Without an LPA it takes many months to sort via the courts and costs around two thousand pounds.
WE CAN EASILY AVOID THIS FOR YOU.
EVERYONE over 18 should have LPA's.
People who could not handle money very well or have addictions to drugs, gambling, alcohol or spending can be protected by using family members as Trustees to look after it on their behalf.
WE CAN EASILY SET THIS UP FOR YOU.
People who could not handle money very well can be protected by using family members as Trustees to look after it on their behalf.
WE CAN EASILY SET THIS UP FOR YOU.
Have you left everything to your partner then the remainder to your children or other beneficiaries?
What if the survivor meets a new partner? Will that partner give anything back to your own children - probably not!
WE CAN EASILY AVOID THIS FOR YOU.
