This article explains why you need a will and how to get yours sorted, with zero fuss, today.
If you’re not legally married or in a civil partnership, then you aren’t entitled to inherit anything when your partner dies. Making legally binding wills is the solution.
The truth is, a vast number of unmarried couples would be left in a mess financially if your partner were to die.
The “laws of intestacy” are a set of rules about who inherits what you own if you die without a will. These laws have very different effects if you are or aren’t married.
What happens to property in the case of unmarried couples?
Whether your unmarried partner will inherit your share of the property depends on the type of ownership. There are two ways of jointly owning a property:
As an unmarried couple registered as Tenants in Common:
- You can own different shares of the property
- The property doesn’t automatically go to your partner if you die
- You need to make a will if you’d like your partner to inherit your share.
As an unmarried couple registered as Joint Tenants:
- You have equal rights to the whole property
- The property automatically goes to your partner when you die.
If your property has an outstanding joint mortgage, your partner will need to reapply for the mortgage in their sole name. If they can’t afford the payments the property will need to be sold.
Who inherits if an unmarried couple has children together?
If you have children together, are unmarried, and die without a will, then your children will inherit everything that you own.
If your children are under 18, then whatever they inherit will be held in a trust for them until they reach adulthood.
While this money can be used for your child’s benefit and education, it does mean that your partner won’t have direct access to what’s held in the trust. If your partner is financially dependent on you, this can cause serious problems for them in terms of what they can afford and their lifestyle.
Next steps to complete your will
If you’re not married or in a civil partnership, making a will is an essential part of planning for the future. Farewill is an online will maker that gets the job done easily in 15 minutes. Plus, you can use code SPRINGCHICKEN at checkout to get £40 off!
It’s as easy as 1, 2, 3!
- Create your account
- Invite your partner to Farewill with their email address
- Take 15 minutes each to fill in your details and decisions.
We’ll do the rest. Our specialists will review your details and approve your will before it’s sent back to you for signing – and peace of mind.
See how easy it is to make your will with Farewill and use code SPRINGCHICKEN at checkout!