Martin Lewis issues “unpleasant” warning to couples living together in the UK - what is it and what to do

The founder of MoneySavingExpert has urged couples to have an unpleasant conversation on death and get a will in place. Speaking during The Martin Lewis Money Show, Mr Lewis explained how, without a will in place, you have no control over where your assets go after you die.

Under current rules in England and Wales, known as intestacy rules, if you are married or in a civil partnership and don’t have a will, all assets and estates will go to your spouse if you have less than £270,000. However, if the estate is worth more than £270,000 and there are children involved, the spouse would inherit half of the remaining assets and the other half would be divided equally between the children.