What kind of Legal Agreement?

Roland_Flagg

Myself and my OH have been happily unmarried for over 20 years and hope to stay that way but if something untoward happens we have no legal agreements or wills set up.
The mortgage is only in her name due to me not having an official job (I do matched betting from home for a living), but all bills are split equal.

Basically what we would like is something that is legally binding that says:
In the event of my death, she gets the house (which she owns anyway), and she get's all my assets.

In the event of her death, I get the house, and all her assets.

In the unlikely event of us splitting up, we own half the house each, but apart from that we walk away with our own money and have no right to anything each other own.
(small stuff like who owns the coffee maker we sort out ourselves ).

What do we need to do?

Cheers.

Browntoa

See a solicitor , it's not an online or will writer job.

Use a professional

Flugelhorn

where do I start? Whose name is the house in - is it just hers?

You definitely need something, if she wobbles off her perch this afternoon you get nothing - house will go to her parents / siblings / cousins etc.

If you split up, are you sure you get half the house?

DigForVictory

+1 for get to a solicitor stat.

With her.

This is an inherently uncertain and avoidable situation.

Roland_Flagg

Thanks.

Yes, the mortgage is in her name only. But I pay half towards it out of the joint account, as I do with all the other bills.

As it stands I know I wouldn't legally get half the house if we split.
That is something we want to sort out as well as if one of us expires.
It's to her benefit as well, because although she owns the house, I have far more cash in my sole accounts.

getmore4less

Wills are not enough

They can be changed so you lose any protection of getting any of the property.

A trust deed can be used to protect a beneficial interest outside either of your estates.

Yorkshireman99

Roland_Flagg wrote: »

Myself and my OH have been happily unmarried for over 20 years and hope to stay that way but if something untoward happens we have no legal agreements or wills set up.
The mortgage is only in her name due to me not having an official job (I do matched betting from home for a living), but all bills are split equal.

Basically what we would like is something that is legally binding that says:
In the event of my death, she gets the house (which she owns anyway), and she get's all my assets.

In the event of her death, I get the house, and all her assets.

In the unlikely event of us splitting up, we own half the house each, but apart from that we walk away with our own money and have no right to anything each other own.
(small stuff like who owns the coffee maker we sort out ourselves ).

What do we need to do?

Cheers.

Make wills using a solicitor or marry.

badger09

Yorkshireman99 wrote: »

Make wills using a solicitor or marry.

Surely OP & his partner should both make a will, even if they do decide to marry:cool:

getmore4less

Wills won't do the job the OP wants.

Keep_pedalling

If either of you has estates over £325k then you really should get married, unless you like paying IHT. Your first priority should be to waste no more time in getting your wills drawn up, not having one is going to be a total disaster if one of you meets an untimely end.

DigForVictory

Think of a Will as an insurance policy & life as a holiday - you do not book a holiday without insurance in place. (Well, of course you can but you are taking an avoidable risk.)

Please, get both your selves to a solicitor or solicitors with all reasonable speed.