Can I use my Will to protect my share of my home? - Part #1
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Can I use my Will to protect my share of my home?
Picture this: you and your partner have built your dream home, brick by brick - or maybe mortgage payment by mortgage payment?
It's a place filled with memories, laughter, and maybe even a few questionable paint colour choices.
But let's be honest, life can be unpredictable.
And while you obviously want your partner to stay in that dream home if you're no longer around, what happens down the line?
Maybe they meet someone new, which is fantastic! But what about your share of your home?
You see, if your Will isn't set up properly and you've done no other form of planning, your share could end up going to unexpected places.
Not ideal, especially when you have specific plans for it.
Maybe it should go to your children, a trusted friend, or even that charity you've always supported.
But here's the good news! Your Will can be your superhero in this situation. With a little legal magic, you can ensure your partner gets to stay in your home comfortably, but ultimately, your share ends up where you want it to go. It's like having your cake and eating it too... metaphorically speaking, of course.
Now, crafting a Will that protects everyone can be a bit tricky. But don't worry! In the second part of answering this question, I'll break down exactly how to use your Will to ensure your dream home becomes a legacy for the people or causes you truly care about.
So stay tuned!