I would appreciate advice on how to handle a situation regarding my husband's will. We have both been married before, have children from these marriages, and are both in our sixties. Rather belatedly, we are drawing up our wills. He owns the house in which we live and stands to inherit a large sum when his mother dies. I don't own a property and don't have much in the way of savings. At present, I still work part-time, he is retired due to the onset of a debilitating long-term health condition. In his proposed will, he states that he wants me to be able to live in the house for as long as I like after his death and when I no longer want to live there, the house will be sold and the money will go to his children. That is fine by me. As for other assets, he has decided that his 2 adult children will share 80% of any money he has on his death, I will get 20%.
Am I being unreasonable in hoping for a larger share of any money in his estate on his death? I will have to stop working in the near future because he needs more care and as his health deteriorates, my caring responsibilities will increase. I would have continued working for a few more years had he been in good health and I would have been able to build up more savings. As things stand, I will be dependent on a small occupational pension and the state pension.
I thought it would be reasonable to expect 1/3 of any money in his estate on his death to go to me and 2/3 to go to his children. I am the one doing the caring, they live a couple of hours journey away and they visit only occasionally. Because we don't have equal financial status, I am finding it hard to raise the issue with my husband. I suggested that in my will I would like to leave 2/3 of any money I had to my 2 children and 1/3 to him, hoping he would be influenced by my suggestion but it didn't work.
I am surprised at my reaction to his will as I love him to bits and willingly do whatever I have to do to make his life easier. I don't want to appear money-grabbing and selfish but I would like the financial and quality of life 'sacrifice' I am making because of my husband's poor health to be acknowledged by more than words of thanks. Am I being unreasonable?
Nonna1949 Sat 17-Aug-13 15:31:50
Nonu Sat 17-Aug-13 15:34:56
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Greatnan Sun 18-Aug-13 08:00:39
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Nonna1949 Thu 29-Aug-13 20:25:13
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specki4eyes Fri 30-Aug-13 18:48:21