5 rea­sons why same-sex cou­ples should make a will to pro­tect their fam­ily

GT (UK) - - MODERN FAMILY - Mike Smoult, se­nior as­so­ciate at Gorvins Solic­i­tors, @gorvins, gorvins.com

In­her­i­tance. If you’re not mar­ried or in a civil part­ner­ship, you’ll not au­to­mat­i­cally in­herit from your part­ner if they were to die. If you’re in a com­mit­ted re­la­tion­ship, it’s vi­tal to pre­pare for the worst. A dy­ing in­tes­tate [with­out a will] means your part­ner won’t re­ceive any­thing, leav­ing all to the de­ceased’s fam­ily.

Pro­tect your chil­dren. Have chil­dren from a pre­vi­ous re­la­tion­ship or a cur­rent one? Maybe you’ve adopted to­gether? Ei­ther way, it’s vi­tal to ap­point a le­gal guardian for them. You can also state any chil­dren go­ing for­ward, ei­ther through a trust fund or on a long-term scale.

In­her­i­tance tax. A 40 per cent tax rate ap­plies for any­thing over £325,000. Lighten the load by mak­ing life­time gifts or build­ing things, such as

life in­sur­ance or into a trust, where it won’t fall within your es­tate.

Ex­ecu­tors. Se­lect who will be­come the ad­min to your es­tate care­fully. If it’s not clear, a fam­ily mem­ber would take this role on and might not carry out your wishes have money set aside for your chil­dren when they’re older, you can choose who looks af­ter that.

Your fi­nal wish Stress lev­els will sadly al­ready be high dur­ing this helps every­one know what you want, re­duce any prob­lems and help make your be­long­ings go to the right per­son in much less time. Hope­fully mak­ing it a lit­tle bit eas­ier for every­one.

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