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If you or your partner has recently got down on one knee, then amidst the whirlwind of wedding planning you could be forgiven for neglecting to consider the consequences your upcoming nuptials will have on your death estate.
Whether you have a Will in place or not, the likelihood is that getting married will mean a new Will is something you should consider.
If you already have a Will, unless it is made in contemplation of your forthcoming marriage, then the said marriage will revoke it and the Intestacy Rules will apply as if you never had a Will in place.
The Intestacy Rules dictate what happens to someone’s estate when then die with no valid Will in place. These Rules set out a strict order of beneficiaries which may not accord with your individual wishes. This is particularly poignant if you are soon to be getting married as marriage changes how your estate is distributed under the Intestacy Rules.
A common situation in many modern relationships is when a marriage takes place between two people who have children from previous relationships. Here, you may wish to try to balance making provision for your new spouse whilst ensuring your children also benefit. Under the Intestacy Rules it is likely that your spouse will inherit everything but with the correct preparation, your Will can achieve this balance between spouse and children.
It goes without saying that organising a wedding can cause a great deal of stress, preparing a Will, however, can be quick, hassle free and bring some welcome peace of mind in the run up to your big day.
As mentioned, a Will can be made in contemplation of marriage which means that your wedding will not see it revoked, so there is no need to wait until after you tie the knot to get your affairs in order.
At Ramsdens, we offer a specialist and affordable will writing service. To speak to someone about updating your Will or making a Will for the first time call us on 01484 821 500, text LAW to 67777 or email email@example.com.