Are you aware of some of the different ways in which your Will could be affected by changes in your personal circumstances?
This clears up some of the lesser-known rules around Will Writing and Marital Status as the two are much more linked than you may suspect.
There are two different ways to actually “own” the property; firstly, would be Joint Tenants, secondly would be Tenants in Common.
Here at the Society of Will Writers we recommend that you review your estate plan every 3-5 years.
Many people don’t realise the affects getting married or divorced can have on your estate whether you die with a Will or intestate.
Many of you will already be aware that marriage revokes a Will unless it is clear that you were making it in contemplation of marriage, but did you know that divorce or the dissolution of a civil partnership also has an effect on your Will?
Spouses and civil partners are afforded certain benefits when it comes to succession law; benefiting from favourable inheritance rights on intestacy and quite generous inheritance tax exemptions.
About The Society of Will Writers
The Society of Will Writers is a non-profit making self-regulatory organisation whose primary objectives are the advancement, education and ethical standards within the will writing profession.
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The Society of Will Writers
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Lincoln
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Tel: 01522 687888
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