I’m getting married….
Getting married is one of the most exciting times of your life.
But did you know marriage revokes a Will?
This means that any Will you may have made before marriage becomes no longer valid. In addition, once you are married and without a valid Will, should you die, your spouse will only receive the first £275,000 of your estate, personal chattels and half the remainder of the estate and then any children you may have inherit the other half remaining in your estate.
As a result, upon marriage, it is recommended that you and your new spouse make a Will. You will be able to pass your entire to estate to each other and gain tax advantages through the spousal exemption.
It is also worth noting that if you are engaged, special wording can be applied to a Will should you want to make a Will before marriage to ensure the Will is not revoked upon marriage. Please get in touch to discuss this further.