A recent survey by Will Aid has revealed a worrying statistic: 68% of cohabiting couples are unaware of the inheritance risks if they die without a Will.
This statistic shows a significant gap in awareness that could have serious implications for many couples. Without the legal protection provided by a Will, cohabiting partners risk leaving their loved ones in precarious situations should the worst happen.
If you’re living with your partner but are not married or in a civil partnership, the law does not recognise you as their next of kin. This could mean that without a valid Will your partner will not inherit anything, no matter how long you’ve been together or if you have children.
At Bromleys Solicitors, our expertise in Wills and Probate enables us to offer comprehensive support, guiding you through each step with compassion and professionalism.
The Risk of Not Having a Will
A Will makes it easier for your loved ones to honour your wishes when you pass away. It can make sure that your funeral preferences are respected, and it helps to prevent any disputes among your loved ones, ensuring that your partner and family members are taken care of after your passing.
Many couples mistakenly believe that if one partner passes away, the surviving partner will automatically inherit their estate. Unfortunately, this is not the case under current UK law.
Without a Will, the Rules of Intestacy determine who inherits your estate, often leaving cohabiting partners with no legal right to inherit anything. This can lead to financial hardship especially if they rely on shared assets like a home or joint savings.
These strict rules account for children, but do not recognise cohabitation in the same way as marriage or civil partnerships, creating significant difficulties for your partner. You might also consider appointing your partner as the executor of your estate, granting them the authority to carry out your final wishes.
Every couple’s situation is unique, we understand the importance of providing tailored advice that reflects your specific circumstances. You may have complex financial arrangements; if you are a part of a blended family this is also important to consider and should be reflected in your Will.
How can Bromleys Solicitors help?
At Bromleys Solicitors, we specialise in Wills and Probate and are dedicated to helping cohabiting couples protect their future. Our experienced team will guide you through the process of creating a Will, ensuring that your partner is safeguarded, and your wishes are clearly documented.
The sooner you create a Will, the sooner you can rest assured that your partner and loved ones are protected. Contact us today to arrange a consultation with our Wills and Probate team. Our team of Will experts can answer any questions you have, helping you plan for your future. Please contact one of our team on 0161 8840 902 or email bromleys@bromleys.co.uk.