Gransnet forums

Ask a gran

My will and how to protect my daughter.

(32 Posts)
Daisynance123 Tue 06-Mar-18 01:36:49

Over the course of the past few months that I've been a member of Gransnet,I've come to value the good advice given to those who ask for it.
I am in dire need of some of that good advice now. My problem is this...and please forgive the lack of sutelty :-
I detest my daughter's husband . I cannot even bring myself to say SIL!
I won't bore you all with the details because the problem lies with the future,not the past. Specifically,my will and how to protect my daughter's future financially.
I am 71 this year and in increasingly bad health,so feel that time is of the essence.
My will leaves everything to my daughter and,should she predecease me ,to my grandson by her first marriage.
I strongly believe they will separate or divorce in the future but, should I die before that happy event, I presume he would be entitled to half my daughter's estate on the event of a divorce.
Frankly, I cannot allow that to happen. They have been married for 18 months. Financially he brought nothing to the marriage and for the last 15 months doesn't even have a job.
I'm wondering if one way out of this dilema is to leave my house to my grandson,with the proviso that my daughter be allowed to live in it for as long as she wanted. They live in rented accommodation now.
In a nutshell,that's my problem. Your advice would be greatly appreciated,even if you think I'm completely wrong.

Gigi57 Fri 16-Mar-18 11:44:25

Can you put your assets into a trust account leaving it equally between your daughter and grandson only?
However look at an accountant to run their affairs for them. Solicitors cost to much it will probably cost 2-3 % of any annual income but will keep the wolves from the door plus her husband you don’t trust.

Dolcelatte Tue 01-May-18 04:55:00

Daisy, did you have any success with writing a new will/setting up a trust?

I am in a similar position with my eldest daughter, so any advice would be welcome.

annep Wed 06-Jun-18 07:06:00

Plenty of advice here. I would just add go now

NfkDumpling Wed 06-Jun-18 07:28:01

We have put our home into a trust, but for completely different reasons. We did it through a local company of will writers. Solicitors specialising in nothing else and members of the Institute of Professional Willwriters. They know all the pitfalls and have seen it all before. Yours is not an unusual situation.

They also hold copies of the wills and will deal with everything when we die as part of the initial fee. My DM had her will held by them and everything on the legal side went smoothly on her demise which was a great relief and help.

BlueBelle Wed 06-Jun-18 08:29:01

To the poster Ginny42 who says a short marriage doesn’t mean you have to share half I m not sure that’s correct well it wasn’t in my case
I had been married to my second husband a year ( although we d been together four before we married) when my Nan died leaving half her house to me and half to my mum mum didn’t want the house so I took out a mortgage and bought my mums half A year after we moved in my husband left me for another lady I saw a solicitor and was told although he’d only lived in said house a year he was entitled to half the only way I could save my inheritance was to negotiate with him as to what he would accept in place, he choose that I would take over his debts which were considerably less than half the house so that’s what I did and 35 years later I m still in my house

Iam64 Wed 06-Jun-18 08:33:00

It's infuriating that a years marriage counts for more in financial settlements than those women who lived with their partner for 10 years, had a child and were then abandoned.