Martin Lewis warns couples and says their partner 'may get nothing'

Martin Lewis has warned couples their partner "may get nothing" in a brutal alert as the Cost of Living crisis continues. Mr Lewis, the ITV star, says that if people don't make a will their money could even go to an ex-wife or former husband.

Mr Lewis was speaking as Will Aid month takes place. He explained: “If you have assets, do or will, then you get to decide where they go. If not, what’s called the intestacy laws will decide where your assets go. It depends on which UK nation you’re in.

"Go on to Gov.uk and have a look at what the situation would be in your case, especially if you’ve got dependent children.” Mr Lewis explained: “In most cases, if you’re not married, nothing will go to your partner. If you don’t have a will or you have a blended family, you want to give money to your children from your first marriage.

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"But it might all go to your current partner. Wills are important in all those cases. Plus, dying intestate can also slow down and complicate dealing with your estate.” Mr Lewis explained: “People say I’m not doing a will because it will all go to my wife or partner anyway. But it actually speeds up the process when they’re already dealing with the grease.

"In many cases, if you’ve already got a will, check if it is up to date, especially if you’re recently married because in England, Wales and Northern Ireland, getting married can often invalidate a will. Fascinating. Getting married can. Getting divorced doesn’t. But hey, that’s how it works. So you’ll need to do a new will.”

Mr Lewis added: “Pensions don’t go in your will, so you need to make sure you have an up-to-date expression of wishes or nomination form with your pension provider. I hear too many cases where people haven’t updated it. They pass away.

"They haven’t changed it since they got divorced. It still says I want it to go to my ex-partner and that causes some real problems. While these expressions of wishing forms aren’t binding, they are what pension firms look at.

"So make sure your expression of wishing on your pension is up to date because don’t go in you will.”