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David Lammy

๐Ÿ‘ค Speaker
58 total appearances

Appearances Over Time

Podcast Appearances

This is Money Podcast
The big inheritance shake-up for unmarried couples - and what it means

But I do want to emphasize this.

This is Money Podcast
The big inheritance shake-up for unmarried couples - and what it means

If you're in a blended family in the United Kingdom, you should make sure you have a will.

This is Money Podcast
The big inheritance shake-up for unmarried couples - and what it means

And you should make sure you have a will if you want to provide, particularly for pre-existing children, notwithstanding your new relationship.

This is Money Podcast
The big inheritance shake-up for unmarried couples - and what it means

And I will be coming forward with more to say about making wills easier in the modern age in the coming months.

This is Money Podcast
The big inheritance shake-up for unmarried couples - and what it means

Yes, it's certainly the case that historically in the UK, people have been wary of looking issues that, you know, they can feel morbid looking into what might happen in the event of you dying.

This is Money Podcast
The big inheritance shake-up for unmarried couples - and what it means

No doubt about that.

This is Money Podcast
The big inheritance shake-up for unmarried couples - and what it means

But if you're in a blended family, please make a will.

This is Money Podcast
The big inheritance shake-up for unmarried couples - and what it means

If you're listening to this, think hard about how you want your inheritance to fall.

This is Money Podcast
The big inheritance shake-up for unmarried couples - and what it means

And don't assume because you're a cohabiting couple, it's common law marriage.

This is Money Podcast
The big inheritance shake-up for unmarried couples - and what it means

exists because it does not we're seeking to correct that but as we speak today it does not exist and of course wills are something that you should revisit they must be witnessed they must be legal and of course legal advice is available for anyone who wants to make a will

This is Money Podcast
The big inheritance shake-up for unmarried couples - and what it means

We're not consulting on today on the basis of tax rules.

This is Money Podcast
The big inheritance shake-up for unmarried couples - and what it means

That remains an issue that sits with my colleague, Rachel Reeves.

This is Money Podcast
The big inheritance shake-up for unmarried couples - and what it means

She'll be very upset with me if I either have to divulge tax arrangements for cohabiting couples.

This is Money Podcast
The big inheritance shake-up for unmarried couples - and what it means

And look, I think it's right.

This is Money Podcast
The big inheritance shake-up for unmarried couples - and what it means

We do recognize, don't we, as a society, that with marriage comes certain benefits.

This is Money Podcast
The big inheritance shake-up for unmarried couples - and what it means

And that is still the case.

This is Money Podcast
The big inheritance shake-up for unmarried couples - and what it means

But we do not want to disadvantage greatly people who are cohabiting, recognizing that in the modern world, there are many people cohabiting and also recognizing, for example...

This is Money Podcast
The big inheritance shake-up for unmarried couples - and what it means

that with domestic violence still an issue in society, women fleeing marriage, we don't want to disadvantage those women who have been cohabiting with a partner and end the relationship, get the courage to end the relationship and therefore disadvantage the result for her or indeed her children.

This is Money Podcast
The big inheritance shake-up for unmarried couples - and what it means

So for all of those reasons, it's right that we bring rights to those who are cohabiting, but they are not the same rights to those who choose to formally enter into a marriage.

This is Money Podcast
The big inheritance shake-up for unmarried couples - and what it means

Well, you're absolutely right.