Wills

dvtrv

Not quite sure where do put this so.

Do I need to leave will if I have no children and want to leave everything to my wife?

Please assist.

Thank you

atush

I think there is a forum for wills, and no I suppose you dont really need to (if married- this is not the case if just in a long term partnership where parents and siblings would inherit instead).

but it can be easier if some accts are joint, and if you make sure she is named in your expressions of wishes forms for your pensions.

dvtrv

Ok then thank you

dzug1

You don't need to but it will make it easier for your wife (or other executor) if you do


You should also specify what you want to happen if she dies first

jamesd

No strict need for a will but you really should consider what happens if a lorry hit the car you're in and kills both of you at the same time or if she dies before you do.

If you have any pension pots you should complete an "expression of wishes" form that tells the pension company that you want the money to go to her. This is because the payments from the pension are outside of her estate, not governed by the will or rules of intestacy. Telling them where you want the money to go means that they can pay out faster.

kidmugsy

Buy a will form and complete it. Why on earth wouldn't you?

Keep_pedalling

If every thing you have is held jointly, unless you own property as tenants in common then everything can be transferred very simply.

Having said that you should both still have wills in place to cover all eventualities. What would happen for instance if you were both killed in an accident? Do you want everything to go to a relative you hate or have never met? And if under those circumstances you have no living relatives then the whole lot will go to the government.

You are going to have to think of what happens when the last of you dies anyway, so now is the time to start thinking about where you want your joint wealth to end up and get mirror wills drawn up pronto. Far too many adults fail to draw up wills which can lead to terrible consequences