Could-you-benefit-from-a-Civil-Partnership

Could you benefit from a Civil Partnership?

Have you thought about entering a Civil Partnership?

The issue is in the spotlight after Prime Minister Theresa May revealed potential changes in the law at the recent Conservative Party Conference.

The Prime Minister said all couples in England and Wales should be able to choose to have a Civil Partnership rather than get married – at the moment the law only applies to same-sex couples.

So, you might want to think about how it could affect your inheritance rights and your Will, if you have one.

It could take a while before legislation is brought forward to change the law around Civil Partnerships as ministers start to consult on the technical detail.

There are 3.3 million co-habiting couples in the UK – nearly half of whom have children – and many don’t realise is that they have far fewer inheritance rights compared to married couples than they may have thought.

The same applies to property and pension rights Civil partners, as the rules stand, do get these benefits.

So, it may be worth considering the following rules relating to Wills which apply to people in Civil Partnerships.

  • If you enter into a Civil Partnership, any Will you have in place automatically becomes void. This means if you pass away before you have sorted out a new Will, the law will consider you to have died ‘intestate’, and you lose control of your inheritance.
  • You can make a Will ‘in contemplation’ of your Civil Partnership, naming the other person involved. This can be done before the registration of your new partnership. This means the new Will can be in place before your old Will becomes void.
  • If you decide to convert your Civil Partnership into a marriage, this does not revoke your existing valid Will.
  • If you dissolve a Civil Partnership, it does not void your Will, but could have an impact if your former partner is named as a beneficiary, executor or trustee. Your estate will be dealt with as though your ex-partner died on the date the Civil Partnership ended, so you may well need to update your Will.

Remember, whether you’re married, in a Civil Partnership or living with a partner, you can specify how you want your inheritance to be handled if you make a Will.

Why not speak to David at Will Makers of the Midlands on 01952 305105 OR 07786 548025 or email enquiries@willmakersofthemidlands.co.uk

Remember, if you don’t have a Will, the authorities will decide how and who should receive your assets according to rules called the ‘Laws of Intestacy’.

Simply call us on 01952 305 105 for more information or to arrange a convenient time to meet one of our consultants.

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I have known David for over ten years and cannot recommend him too highly.

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I recently had to deal with a difficult situation getting my brother to resolve his Will and powers of attorney due to his illness – with various complications from previous marriages and many emotional barriers to clear solution of his wishes. His own solicitor had made a dreadful attempt at sorting things out and drafted a Will saying the exact opposite to the wishes I had been asked to deliver as executor. Having used David, previously, for my own Will, I called on him to deal with my brother’s affairs in Sussex. David could not have been more helpful, knowledgeable and swift to sort all this out, including travelling to my brother’s home to deal with matters. I don’t think I can recommend David highly enough – he has the ability to deal with what could be distressing and morbid in a most positive and compassionate manner.

Emma Davies

I recently had to deal with a difficult situation getting my brother to resolve his Will and powers of attorney due to his illness – with various complications from previous marriages and many emotional barriers to clear solution of his wishes. His own solicitor had made a dreadful attempt at sorting things out and drafted a Will saying the exact opposite to the wishes I had been asked to deliver as executor. Having used David, previously, for my own Will, I called on him to deal with my brother’s affairs in Sussex. David could not have been more helpful, knowledgeable and swift to sort all this out, including travelling to my brother’s home to deal with matters. I don’t think I can recommend David highly enough – he has the ability to deal with what could be distressing and morbid in a most positive and compassionate manner.

Emma Davies