Unmarried couples wills
On the subject of unmarried couples wills, an extract of an article from The Independant newspaper written by Simon Read published Friday 21 November 2014. He writes:
“Here’s a warning: if you’re not married or in a civil partnership, but have children, recent rule changes could hit your finances.
How? New intestacy regulations, which came into force last month, have left cohabiting couples in legal limbo.
If either of you die without a will, your children will be entitled to your entire estate – leaving a financial headache for the surviving partner.
Sarah Bibby, 37, a designer from Redcar, North Yorkshire, is unmarried and has two children under two years old – twins Charlotte and Ethan. They’re pictured with dad Robert Allinson. Sarah sorted out her will as soon as she discovered the potential problem.
‘Wills force you to confront some difficult questions, which puts people off getting one. But ultimately it is in your family’s best interests to confront the questions head-on,’ she says.
Under the rules, assets passing to children are held in trust until they reach 18, explains Andrew Caplen, president of the Law Society.”
I think you’ll agree that’s an excellent article, if you want to sort your will out or know an unmarried couple with children who you think may need a will, please direct them to my website www.Wills.org.uk where they can write a will for as little as £59.
As always, there’s often complications and if you, or anyone you know in this situation, have such complications and you’d rather either meet me or talk to me about your specific case then please just call or email me via the contact us page of this site and I’ll be able to give you my personal attention.
