Rights if not married

[mamamiaow]

I am in a long term relationship, unmarried with one child. Mortgage is in joint names, what happens if one of us dies? Partner has a will that leaves the majority to me and our child... I haven't got round to doing mine yet.

What actually happens in this situation? I read something in the paper at the weekend that said there were tax advantages to being married for inheritance etc. Can someone explain it please?

IHT kicks in at over £375,000 estate per person, so mainly an issue for Londoners or older people.
If your name is on the deeds the house is protected
He has a will so that is cool
get on and do yours : personally I'd get them done as a pair so that the outcomes for the child (like guardians if the worst happened) are consistent

IHT is 40% of the estate over that value
married couples can transfer tax free between them and carry across the personal IHT allowance.

the other tax breaks are worth less over 5 years than the cost of a wedding, so do not marry for tax unless VERY rich!

Do you have life insurance which pays out to cover the mortgage if one of you dies ? What about being named as the beneficiary of his pension?

the other tax breaks are worth less over 5 years than the cost of a wedding, so do not marry for tax unless VERY rich!

I think a wedding costs just over 100 quid, you don't need all the flummery that is sold to you with it.