Money can be a curse

Fionn is a name but spelt Ffion (Welsh) and my great nieces name

Equal shares Frank - it will only cause problems and maybe bad feelings amongst the youngsters. Maybe not but not worth taking the risk. x

No disrespect to cary - welcome! You may find that there is sometimes a strange even surreal interchange of opinions.
But Frank do tell, what in your opinion qualifies anyone to be able to contribute to money and legal???

Hi cary

Welcome. It seems you will be able to contribute to money and legal.

Frank

Petra

I have noticed you mentioned health as well and this can do strange things.
My mother passed away with cancer and started making some very strange allegations.
My mother in law was supposed to be stealing the family money. Dad was getting trouble because he could not be in the garden working and getting to Mum in about 30 seconds.
For a couple of years she was bothering about how much it would cost to get her back to Birmingham if she died while visiting us in London.
The doctor was supposed to be rubbish and she wanted to see the previous doctor who had retired about 30 years previously.
Sometimes it is not the person talking. It is the illness talking.

Frank

Hi I'm new Money can be a curse if in the hands of someone that has no respect for it or that uts it above all else.

However if in the right hands it can be a wonderful thing.

My children live very different lives. DS is married with children. DD is resolutely heart whole and fancy free. We have at various times helped them in different ways, which I think, is roughly even, but it would be difficult for either to calculate what one has had compared with the other because they do not always know what the other has received, not because we do not want them to know, but because they live several hundred miles.

DD knows we bought son and family a new cooker at Christmas, because we all went shopping together, whether they are aware we bought her dishwasher three years ago I am not sure because we did that when we were visiting her and may or may not bothered to tell DS. Anyway DS would not remember even if we told him every day for a month, he is the classic absent minded academic.

My father simply divided his estate between his two children. My sister and I then made a Deed of Variation to transfer some of it to our grandchildren, each set of grandchildren taking the money from their mothers share of the estate.

I knew I should have kept my mouth shut....

I think you can make a proviso for that in your will, Bez, because the money would be held in trust for the grandchildren until they came of age anyway and it would just be split equally.

I agree - it would be very unfair to do the alternative you were considering, Frank, in my opinion, and could lead to ill-feeling in the family.

What happens if more are born after your demise?

Frank leave your grandchildren equal shares. It is different if you leave half each to your daughters, but if you are willing your estate to your grandchildren I think it is best to leave them all the same amount.

moon as in night .

Shush , pixie.
[grin moon]

woops !

Nonu bet you're sorry you asked now {grin]

Thank you Hunter , I understand .

sorry for the extra n there

Ann Irish one?

Nonu

My sons in law / daughters pay for private health insurance for themselves and the children.
A £500 excess is payable once a year if there is a claim by each person eg if 1 child has a claim £500 will be payable. If the mother and 1 child has a claim £1,000 will be payable.
If the worst happens and my older daughter, son in law, and 2 granddaughters have a claim then a total of £2,000 excess will be payable.
They took this risk as it saves about £900 in premiums as it is very unlikely all will have a claim the same year but if it did happen we will find £2,000 within the family.
We just thought it would be a nice gesture for both lots of grandparents to share that bill as it happened at Christmas so the grandchildren's Christmas presents would not be affected in any way.

Frank

Isn't that Mrs Hague? Or someone like that.

Finn, not Fionn – what kind of name would that be?

When absentdaughter and absent-son-in-law were discussing whether to have a fifth child, the latter remarked, "I'm not sure it's a good idea. Your mother has only four rental houses." I think he was joking. In any case, I have five rental houses now – and, much more exciting, five grandchildren. Young Fionn will be one on Easter Sunday. [proud granny emoticon]

When my Mum wrote her will she left my two brothers and I a third of her estate each. Then, because I have 5 children, their small inheritances had to be taken from my share! Luckily there will be little left to share out!

On the other hand, FiL left all his grandchildren a couple of thousand pounds each and the remainder, after other small bequests, was shared between DH and his three brothers.

Oh! The trials of being rich