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Life insurance beneficial for same-sex partnerships

Date: Wed, 10 Aug 2005

Couples planning to take advantage of the forthcoming Civil Partnerships Act should also remember to consider life insurance cover.

Clerical Medical is suggesting that any same sex couples planning a partnership should seek financial advice on how to arrange their affairs and consider what would happen if one of them fell ill or were involved in an accident.

The Civil Partnership Act will allow legal recognition of their relationship and grant a number of rights including entitlement to inheritance and occupancy.

"The new legislation that comes into play in December 2005 has huge implications on the rights of same sex couples. Therefore, it’s important that those who are considering entering into a civil partnership find out more about how the changes will affect them," said Neil Edwards, senior tax and financial planning adviser, Clerical Medical.

He added: "As well as planning carefully for the big day, we would also suggest that couples seek the advice of a professional financial adviser to get their financial and legal affairs in order, so that their future together gets off to a flying start."


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