An article in the latest Mail on Sunday illustrates how you can lose your home by not updating your Will to cover current circumstances.
A couple had lived together unmarried for 18 years and owned the house in which they lived as ‘Tenants in Common’. The male partner had never divorced his previous wife and not made out a new Will for the benefit of his current partner. He then died and his previous wife became entitled to his half share of the property. His current partner cannot afford to buy the one half share of the property as she has limited income and has reached the age where further borrowing is impractical. She is faced with having to give up her home of 18 years.
The case highlights the need for law on cohabitation to be reviewed.
Until that happens ensure your current circumstances are covered by an up to date Will.
