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Making a Will – Unmarried couples

Unmarried couples can benefit significantly from making a will to ensure their wishes are legally recognised and their assets are distributed as they desire. Here are some key advantages of making a will for unmarried couples:

  • Protecting Your Partner: Without a will, the laws of intestacy will apply and this means your partner will not inherit anything from your estate, potentially leaving them financially vulnerable.
  • Asset Distribution: A will allows you to specify how you want your assets to be distributed. You can ensure that your partner receives a fair share of your estate, including property, savings, investments, and personal belongings.
  • Guardianship for Children: If you have children together, a will allows you to designate a guardian for them in case both parents pass away. Without a will, the court may decide who becomes the guardian, and your partner may not automatically be chosen.
  • Minimise Family Disputes: A will can help prevent disputes among your family members and your partner about how your assets should be distributed. Clearly outlining your intentions can reduce the potential for legal battles and conflicts.
  • Funeral and Burial Wishes: You can specify your funeral and burial wishes in your will, ensuring that your partner has the authority to carry out your wishes and provide you with a proper farewell.
  • Inheritance Tax: A will can be used for tax planning purposes, helping to minimise the tax burden on your estate and beneficiaries. Unmarried couples do not get the same Inheritance Tax reliefs compared with married couples, so it is essential to get the right advise on Inheritance Tax.
  • Peace of Mind: Making a will provides peace of mind, knowing that your wishes will be respected and your loved ones will be taken care of according to your preferences.
  • Avoiding Probate Issues: A properly drafted will can streamline the probate process, making it faster and less costly for your partner and beneficiaries.
  • Charitable Donations: If you wish to leave assets to charities or other organizations, a will allows you to specify these intentions clearly.

If you are an unmarried couple and you have not made a Will, please contact the team at Guardian Solicitors on 0203 301 6600 or info@guardiansolicitors to arrange a meeting. Also, remember to review and update your will periodically, especially after significant life events like marriage, the birth of children, or the acquisition of new assets.