Marrying couples 'must consider importance of wills'

Call us on our free phone number 0800 587 0093

People Finder

Search AG

Share this site

My Ashton KCJ Bookmarks

Currently no favourites bookmarkedAdd this page to FavoritesCharacter limit exceeded! Limit:To delete the bookmark click on the title and drag out.Bookmark already exists!Custom titleDescriptionPlease fill in all required fields!

100smoothness

Warning: Invalid argument supplied for foreach() in /home/ashtonkc/public_html/modules/mod_cd_fapa/tmpl/default.php on line 56

Marrying couples 'must consider importance of wills' /resources/news/wills-estate-planning-a-probate/1147-Marrying-couples-must-consider-importance-of-wills

Home > News & Resources > News > Wills, Estate Planning & Probate > Marrying couples 'must consider importance of wills'

Marrying couples 'must consider importance of wills'

Couples have been advised to dedicate time to considering the impact that marriage could have on their wills and financial planning.

Financial advice website lovemoney.com has reminded consumers that marriage represents a significant change to their legal status and that their estate planning should be amended accordingly.

Among the most important concerns highlighted is the fact that getting married will allow consumers to qualify for more lenient inheritance tax conditions.

However, those about to wed were also warned that doing so will invalidate any will written beforehand, unless the document was produced specifically in regard of the marriage.

Failing to rewrite the will could therefore leave a surviving spouse at risk of losing out on a portion of their inheritance.

The site therefore called on those concerned to remember that "getting married is not just the start of a new life together but the beginning of a financial relationship".

Last week, Martin Reynolds, development director for mortgage and ancillary service distributor PMS, told FTAdviser that as many of 70 per cent of UK residents do not have an up-to-date will, thereby potentially leaving their inheritance at risk. ADNFCR-2347-ID-19392623-ADNFCR