Ep. 19 - Inheritance Tax for unmarried couples

Many believe that when unmarried couples live together after a few years they become common law spouses and that the rules of married couples apply to them. But do common law marriages receive the same tax exemptions as married couples when their partner dies?

In this episode, Tim and Jen are joined by Mills & Reeve Private Client Principal Associate, Emma Geale. Emma advises on a wide range of succession planning issues, including complex tax regimes, wills, trusts, and powers of attorney.

Together they discuss inheritance tax and unmarried couples: what it is, the current tax rates and allowances, the impact on unmarried couples, the importance of wills and the considerations for property ownership.

You can listen to the episode on:

• Apple Podcasts
• Spotify