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