G and S Insurance Consultants

LEAVING MONEY TO AN EX-SPOUSE?

Of course, it’s not all just about having a will either. It needs to be both up to date and completely legal as well.

Therefore, it’s important to have your will written by a solicitor with specific expertise in this area. There have been many cases where people have written their own wills, for example, and have ended up leaving behind a legal dispute that rages on for months or years. Making sure your will is updated regularly will be important too. You don’t want to have an old will left behind that leaves a large chunk of your money to an ex-spouse, or does not comply with current regulations, as again this could potentially leave your money and assets being distributed in ways that you would not have wished.

For example, if you have a partner who you are not married to, even if you have been together for many years and were living together, they would have no legal right to your assets if you should die intestate. In many cases, this can leave people with nothing.

Even for those who are married or in civil partnerships, dying without leaving a will may mean that your spouse or civil partner does not inherit the whole of your estate. In these cases, the amount that a spouse will be entitled to will be restricted, and some money can even end up going to people that you feel are underserving, leaving your immediate family with less than they would have felt they were entitled to and less than you would have wanted to leave them.

If you need a will, call us today!!