'Not the marrying type'

[wiggydiggy]

Its an interesting question - is a civil partnership a good way of providing for a surviving partner? It can be but I would say a better way is a well written and legal Will, and taking additional steps to make sure any life insurance policy type payouts are directed at the the correct person. A Will would always overide any marital/civil partnership inheritance AFAIK.

 

[Electric_Andy]

Its an interesting question - is a civil partnership a good way of providing for a surviving partner? It can be but I would say a better way is a well written and legal Will, and taking additional steps to make sure any life insurance policy type payouts are directed at the the correct person. A Will would always overide any marital/civil partnership inheritance AFAIK.

yep we'll be doing a will as well. it's quite complicated to sort out though, even before we go to the solicitor. i.e. sorting out who has paid into what, who should get what % of what. It's mostly because I have a son and my partner has 2 sons who are now both adults

 

[wiggydiggy]

Yeah definately get a will as well to protect all the children, I do personally know of inheritance passing to a surviving partner that then (on their subsequent death) passed 'outside' the original deceased person's family as there was no will no to take care of them. It can cause problems!

 

[Beebo]

Inheritance tax implications are very beneficial for couples in civil partnerships.
I keep telling that to my friends who live in a £1m house and aren’t married.

 

[bobzmyunkle]

Inheritance tax implications are very beneficial for couples in civil partnerships.
I keep telling that to my friends who live in a £1m house and aren’t married.

It might be worth watching changes to pension pot inheritance taxation changes in the April budget.

 

[Electric_Andy]

Legally I think it will be a good thing to do. Socially/morally it is a lot cheaper and less fuss than a wedding. I might be on my own here, but I've stood up in front of friends and family and said "I do", but I feel a bit silly now it didn't work out, and don't want to do the same again

 

[Jameshow]

It might be worth watching changes to pension pot inheritance taxation changes in the April budget.

Definitely take legal advice....

Anyone done a pre nup?

Not because your thinking it would end but because your protecting either parties children's inheritance?



Ps the weddings 30 Feb and your all welcome!

 

[Yellow Fang]

To me marriage is primary an economic institution for bringing up children. Not so much these days perhaps, but in olden days when women had babies their earning ability went from low to very low. Women got pregnant more often, owing to lack of contraception and the high child mortality rate. Marriage was a ceremony that signalled to the community that the husband was economically responsible for his family.

 

[Jameshow]

To me marriage is a life long covenant between husband and wife in the presence of family freinds and God to commit to each other for richer for poorer, in sickness and health....

Sadly she didn't see it that way and decided otherwise!

 

[Electric_Andy]

To me marriage is a life long covenant between husband and wife in the presence of family freinds and God to commit to each other for richer for poorer, in sickness and health....

Sadly she didn't see it that way and decided otherwise!

I'll also have to look into what happens if you decide you don't want to be civil partners anymore. It's bound to be easier than divorce isn't it?

 

[Jameshow]

I'll also have to look into what happens if you decide you don't want to be civil partners anymore. It's bound to be easier than divorce isn't it?

Depending on how amicable the other party is I guess??

 

[NorthernSky]

i'm not the marrying type either but this civil partnership thing could be the answer

Just stumbled across this thread; thinking of a civil partnership. My partner and I have been together for 7 years, we were both previously married and divorced (to other people). We now live together and have a joint account.

Has anyone got/done a CP? I'm just thinking about finances really, and "cementing" what we have without going through the whole wedding thing which neither of us want to do again. More importantly, if I die whilst in the NHS and get a payout, it will currently go to my next of kin. My partner really would need it to pay off the mortgage

can you not fill out a Death Benefit nomination for who gets monies ?