Last Thursday [7th February 2020] a change in English & Welsh intestacy law (the rules about what happens if you don’t have a valid will) came into force; the first significant change since 2014.
Having correctly structured wills (and Lasting Powers of Attorney) is an essential component of your financial planning.
The changes on Thursday pushed the limit on how much a surviving legal partner (husband/wife/civil partner) can inherit automatically.
Remember “Common Law” is a myth and has no legal standing – the ramifications of which can be hugely expensive – emotionally and financially – with someone who might have been living in a house for decades having to deal with being required to move out their home after losing their partner.
We work with some great local law firms to ensure that our clients get correctly drafted documents.
Call us now for a complimentary initial assessment and free guidance. note: the Financial Conduct Authority does not regulate tax planning, taxation, lasting powers of attorney or wills