Feature: Property Portfolio Succession Planning
December 17, 2017
Feature: Family Investment Company Succession Planning
January 15, 2018
Feature: Property Portfolio Succession Planning
December 17, 2017
Feature: Family Investment Company Succession Planning
January 15, 2018

Featured: Wills for Cohabiting Couples

There are still some tax benefits for being married! In a digital world of social media and instant news, where we all carry a portal to almost unlimited information in our pockets, society has the ability to change and adapt quickly. Government and legislation will always lag behind.

Due to this lag, people can be vulnerable in ways they do not even realise. If a married person dies, the law provides for their spouse and provides a tax exemption to enable this provision to be free of tax. If a couple choose to cohabit without being married, the law does not provide! If one partner dies, the surviving partner is not entitled to inherit, therefore it is imperative that an appropriate Will is left. If a Will is left providing for the surviving partner, this provision will not be free of inheritance tax and up to 40% can be lost, therefore it is imperative that tax planning is done to minimise this exposure.

If you are cohabiting and would like to understand the vulnerability in your circumstance, get in touch today to arrange a free confidential review. We would be happy to discuss this with you and ensure you understand the facts.

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