When a widowed parent finds love again, it can be a whole new lease of life not only for them, but the two families they bring together. No one could deny their loved ones the chance to see out their twilight years in the company of someone they love.
But a new marriage can raise succession questions – marriage nulls any existing will unless it was made with express provision of the impending nuptials. If your parent dies without a will, the new spouse will inherit under intestacy laws and children expecting a pay out on their remaining parents’ death may be left wanting as an entirely different family inherits.
Disputes over wills are on the increase. In 2013, 861 inheritance cases were heard in the English High Court, compared with 490 in 2012 – a 76% increase. This is why solicitors recommend a review of your will every 5 years or at every major life change. You might want to wait till after the honeymoon, but don’t wait too long to make sure your will reflects your life and your wishes. Even a simple will can protect your family legacy.
Disclaimer: Wills Worldwide is not licensed or qualified to give tax advice. This article is intended for information only and does not constitute tax advice. If you are in any doubt about your tax status please contact a qualified professional.