Inter-generational Wealth Planning
Is this in line with your expectations? Without the appropriate will, the government will make sure all of your wealth passes to your children. If you do not have any children, it will pass down to surviving family members including parents, siblings, aunts, uncles etc.
If you own a property together and the estate is not planned correctly, your partner will either have no home to live in or your children could potentially be disinherited.