Our fictional couple, John and Jane, have been engaged for a couple of years, have yet to set a date for the wedding and, although they know they probably should make wills, are thinking of putting off doing so until after the wedding.
John and Jane have a mixture of sole and joint assets (mainly bank accounts) and have recently purchased their first home which they own as tenants in common. Their home is worth around £600,000 and, due to having saved hard over the last decade and making some shrewd business decisions, they only have a small mortgage.
If John and Jane were introduced to us as a couple who were thinking of putting wills in place but delaying doing so until after their wedding, our advice to them would include (but not be limited to!) the following points :
I hope this article highlights that not only is it advantageous to act sooner rather than later when contemplating putting wills in place, especially if you are an unmarried couple, but your wills can be structured so that they are ‘futured-proof’ in so far as is possible, to suit your changing circumstances. (And for extra reassurance, we don’t charge our clients anything for making amendments to wills that we have drafted for them, it’s all included in the initial price!).
If you would like to discuss anything raised in this article, please do not hesitate to get in touch.
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