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The importance of Wills, and amending them during lockdown
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We all know that Wills are important but we don't all get round to putting one in place. Maybe we don't believe that we have anything to leave maybe we assume our assets will pass in a certain way anyway or maybe we just don't want to think about it!
Whatever the reason for not having a Will it is almost certainly better to have one than not to have one and if you do have one it is important that it is well thought out correctly drafted and still covers your wishes.
Here are some important things to consider when it comes to Wills:
- Marriage divorce and separation – unless your Will was validly drafted “in expectation of marriage” it will be revoked by marriage. Your Will will still be valid after a divorce but it will be read as if your former spouse died before you. If you include an unmarried partner in your Will and subsequently separate then your Will including any gift to that person will remain valid.
- Unmarried partners children and/or grandchildren – if you made a Will and...
Read the full article here.