Wills & Wealth Planning
I have been living with my partner for 10 years now, surely they will be classed as my common-law husband/wife and automatically inherit my estate?
The rules of intestacy do not apply to cohabitees. If your partner was financially dependant upon you, they will have to make a claim against your estate under the Inheritance (Provision for Family and Dependants) Act 1975 which could be costly and cause problems within the family.
Where should I store my will?
Your will should be stored in a safe place as the original will be needed for probate. If a will is missing, it will be presumed that it has been cancelled. It is a good idea to tell your executor and family where you have stored a will.
I don’t need a Will if I don’t have very much?
You may have heard the phrase ‘worth more dead than alive’ and this is often true. Whilst you are alive, you only consider your cash assets as being worth anything but in reality, if you own a property, have life insurance policies, death in service, pensions etc, they are all assets which can be passed on to loved ones.
Can I make a joint Will with my spouse?
Each person usually makes their own Will setting out their wishes but couples can make ‘mirror Wills’ which reflect similar wishes.
How do I get a copy of a will after someone has died?
If a Grant of Probate has been issued, the will becomes a public document and a copy can be obtained from the Probate Registry.