Did you know that a Will is automatically revoked upon marriage?
Many people don't. They assume that it might be divorce that affected the will instead (Spoiler, it doesn't!).
But think of the words traditionally said during marriage
"All that I have I give to you"
So unless a Will is specifically written with the anticipation of marriage, your assets may not be distributed how you would want after your death.
We are aware of a sad situation which should serve as a precautionary tale...
A couple came together later in life.
Both married before, both with adult children, and both with assets to bring to the relationship.
Sadly, the wife developed a terminal illness, and as was her wish, the couple married before she passed away 2 weeks later.
This was a beautiful act of love, that in one swoop wiped out all of the careful planning this couple had done when they merged their lives together.
The fair distribution of assets to her children was gone.
The inheritance tax planning was gone.
The absolute headache the Widower was left dealing with when all he wanted to do was grieve.
All because neither of them were aware that their Wills would be cancelled when they got married.
If your circumstances change please be aware that you need to update your will.
If you are reading this thinking "I really need to get my Will sorted" then please get in touch with us.
Contact us or call Rachael on 01323 436680 and book a FREE initial consultation today.
**Will writing is not part of the Quilter Financial Planning offering and is offered in our own right. Quilter Financial Planning accept no responsibility for this aspect of our business.**