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Four out of five married couples with dependent children don’t have a Will

The National Consumer Council (NCC) stated recently that close to four out of five married couples with dependent children don’t have a Will. For unmarried couples the figure is even higher, making them particularly vulnerable.

A surviving partner can risk losing personal possessions, cash and property, as current inheritance laws do little to protect unmarried couples.

NCC who carried out the survey of over 2,500 people describes the results as a ticking time bomb and is now calling on the Government for urgent action.

Dying without a Will can leave all sorts of headaches for those left behind. Creating family feuds, and leaving relatives short of their inheritance.

If you require any further information about the services that we provide or would like to review your financial planning position, please email or contact us.

Levels and bases of, and reliefs from, taxation are subject to change.

This article is for your general information and use only and is not intended to address your particular requirements. Although endeavours have been made to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No individual or company should act upon such information without receiving appropriate professional advice after a thorough examination of their particular situation. Any references made to the Pre-Budget Report may be subject to the Finance Bill becoming law.

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