If you are getting married you need a Will.
Most married people opt for Mirror Wills. Mirror Wills are the perfect way to protect the estate of a couple. They enable you and your partner to specify the people you would like to benefit from your estate after you die.
Without a Will:
- Unless you hold your property as Joint Tenants, the courts will decide who inherits your home using the Intestacy Rules. This means your husband or wife (but not your civil partner) will get the first £400k plus interest in the remainder for life, with it passing to your children on death
With a Will:
- It is possible to leave your husband or wife the right to live in the property for their lifetime (or until they remarry or move in with another partner), ultimately leaving your property to your children or other family members
IF I AM MARRIED AND DIE WITHOUT A WILL, HOW WILL MY ESTATE BE SHARED?
If you are married and die without a Will, the courts will use this intestacy table to decide who inherits what.
Did you know that?
If you are married, there are some cases when making a Single Will, rather than a Mirror Will, better protects your estate and your wishes.