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Leaving money in your will

(29 Posts)
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Namsnanny Thu 02-Jan-20 16:18:18

I agree with Monica, professional advice should be more reliable.

I'm having g a similar problem and I'm thinking of looking in to taking out a pension in the person's name.
Apparently it can be done for children.

At the moment I know very little, but maybe you could look into it for your family?

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Cathie72 Thu 02-Jan-20 16:12:05

Thank you I find it hard to get my Lawyee to state how much this sort of thing would cost.I want to do the same for grandchildren rather than leaving large sums of money.

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M0nica Thu 02-Jan-20 16:08:31

Ask a solicitor. they are the only people that can advise you in this situation. Make sure you see one who specialises in wills and trusts.

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Cathie72 Thu 02-Jan-20 15:46:27

My daughter and husband are in the Benefit system due to very difficult health reasons.Hopefully this will change but may not.I wish to leave them money in my will but this will mean they will lose their Benefits and once my gift is used up they may not be able to go get their Govt support as before.Does anyone know of a method to leave them so much a year for several years so they can accept the money without losing Benefits as the amount would be under the level they are allowed to accept or haveeun savings.I presume a Trust would need to be set up.What would that cost?Is there a simpler way?

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