Hi,
In the process of getting my first property and its a Tenancy In common. Me, my partner and Aunty.
Recently my solicitor contacted me and informed me we would need a will since we had a tenancy in common and would charge £200.
One of my family members who works in property said that since at this point in our lives we don't have any assets other then the house, no children etc it would be a very simple will. She advised on templates you can pick up and have signed and witnessed.
Now another family member has told me no will is really needed since in the event something happened to me my Partner can claim common law wife and get my 1/3 of the property and vice versa. In the event something happened to both of us my share would go to next of kin, i.e. parents, siblings and my partners share to her family.
If the latter is correct, I see no point in creating a will as this is how I'd outline it anyway.
Thanks for the help.
In the process of getting my first property and its a Tenancy In common. Me, my partner and Aunty.
Recently my solicitor contacted me and informed me we would need a will since we had a tenancy in common and would charge £200.
One of my family members who works in property said that since at this point in our lives we don't have any assets other then the house, no children etc it would be a very simple will. She advised on templates you can pick up and have signed and witnessed.
Now another family member has told me no will is really needed since in the event something happened to me my Partner can claim common law wife and get my 1/3 of the property and vice versa. In the event something happened to both of us my share would go to next of kin, i.e. parents, siblings and my partners share to her family.
If the latter is correct, I see no point in creating a will as this is how I'd outline it anyway.
Thanks for the help.
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