🚨 Important Alert for Unmarried Couples! 🚨
If you’re living with your partner but not legally married or in a civil partnership, you could be leaving your future at risk without a will! Money-saving guru Martin Lewis is here to remind us why it’s crucial to have a will in place. Without one, the state decides who inherits your assets, which might not be what you want.
For those in England and Wales, marriage or civil partnership means the first £322,000 of your estate goes to your spouse, but without a will, your partner might get nothing—especially if you’re not married! 😱
So why leave it to chance? A will ensures your wishes are honoured, including leaving something for adult children or ensuring your partner is secure. If you don’t co-own your property as ‘joint tenants’ with legal agreements, your partner may not automatically inherit your home. 🙅♂️🏡
Right now, you can get your will drafted for free through schemes like Free Wills Month (every March and October) or Will Aid (November), where you’re encouraged to donate to charity. It’s a simple way to safeguard your loved ones and support a good cause! 💌
Martin Lewis puts it his way: “Wills matter because you’ve no automatic rights in law without them. Intestacy rules favour spouses, not unmarried partners, regardless of how long you’ve been together.”
Have you sorted your will yet? Now’s the time to act if you haven’t! 🛡️
Got more tips to share or questions about wills? Let’s chat in the comments! 👇 #MartinLewis #Wills #LifePlanning #MoneySavingAdvice #UKLaw