Do I Really Need To Make A Will?
WHY?
There are many reasons why you should make a Will. Protecting you and your partner are likely to be your main focus, some key points are listed below:
There are many reasons why you should make a Will. Protecting you and your partner are likely to be your main focus, some key points are listed below:
If you are not Civil Partners
Even if you and your partner are living together, when one of you dies, the remaining partner has no automatic entitlement to any of the deceased's estate.
If you already have a Will in place and later form a Civil Partnership, your Will will be revoked. You should write a new one as soon as possible after forming the Civil Partnership.
If you have not formed a Civil Partnership, everything over £300k will be taxed at 40% even if you leave everything to your partner.
If you already have a Will in place and later form a Civil Partnership, your Will will be revoked. You should write a new one as soon as possible after forming the Civil Partnership.
If you have not formed a Civil Partnership, everything over £300k will be taxed at 40% even if you leave everything to your partner.
If you are Civil Partners
A Will can ensure that what you have worked hard for goes to the people you choose. If you leave everything to your partner, there is no inheritance tax to pay - even if you leave millions!
Without a Will, your Civil Partner may only be entitled to up to the first £125k of your estate (yes..... even if you are Civil Partners).
Without a Will, your Civil Partner may only be entitled to up to the first £125k of your estate (yes..... even if you are Civil Partners).
What happens if I can't look after my own affairs?
Lasting Power of Attorney allows you to choose the people you trust to deal with your finances and your personal welfare.
If you have an accident or illness that makes it difficult to deal with your own affairs, the Court of Protection will appoint someone to deal with your affairs for you. Having a Lasting Power of Attorney in place means YOU CHOOSE the person or people you trust to deal with your personal circumstances.
It makes sense to have complete peace of mind with a Lasting Power of Attorney.
For further information check out www.gaywillsuk.co.uk, or email info@gaywillsuk.co.uk.
If you have an accident or illness that makes it difficult to deal with your own affairs, the Court of Protection will appoint someone to deal with your affairs for you. Having a Lasting Power of Attorney in place means YOU CHOOSE the person or people you trust to deal with your personal circumstances.
It makes sense to have complete peace of mind with a Lasting Power of Attorney.
For further information check out www.gaywillsuk.co.uk, or email info@gaywillsuk.co.uk.