It is common for a couple to make Wills leaving their estate to each other on their first death. However, in second marriages this can cause problems, particularly if both parties have their own assets that they wish to protect.
If a couple make Wills leaving their assets to each other on the first death, then the survivor will own all of the combined assets. The problem with this is the survivor is free to change their Will at any time and the first parties chosen beneficiaries could be cut out completely.
It is quite common that couples in second marriages wish to protect their assets not only during the marriage, but also after their death.
Our experts can help advise you about the various options that are available to you. We can talk to you about trusts to help protect your assets, whilst still making some provisions for your spouse.
For more information, why not click the links below or download one of our helpful guides.
Alternatively, give us a call on 01302 341414 (Doncaster) and 0114 272 1884 (Sheffield) and our friendly team will be happy to have a chat with you.
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