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Legal, pensions and money

Wills - leaving to children or grandchildren?

(110 Posts)
Coolgran65 Fri 28-Aug-15 16:17:24

bikergran I believe that once a dd would receive an inheritance, it is her asset to deal with as she wishes. However, should a dd and dh divorce I think this asset (and any assets she may have) would be taken into account when sorting out finances.

You can state a wish in your Will as to how you may like the money used, but it is only a wish.

bikergran Fri 28-Aug-15 15:45:45

if I left what ever it is I have left at that time...50/50 for 2 dds, does it mean that their partners/ husbands are entitled to it as well? anyone ? one is not married has no partner at the the other is married,I understand that when I am no longer here I cannot dictate where the money goes, once it has gone to DDs.

Stansgran Fri 28-Aug-15 14:46:24

We are trying to spend it all before we go. They will have a house between them when we die and we are giving theDGCs money into bank accounts for when they are off to uni. Wills say they are executors and half each.

Jane10 Fri 28-Aug-15 13:14:37

All that is supposing there's anything left after paying our care costs sad

annsixty Fri 28-Aug-15 12:09:25

We are still ,very late in the day, trying to make up our minds about changing our wills.Our family life is complicated to say the least and someone is going to be put out no matter what we decide to do.

Ana Fri 28-Aug-15 11:48:06

I can't help feeling a bit sorry for your married child, nina...sad

TwiceAsNice Fri 28-Aug-15 11:36:42

My grandchildren are very young yet only 6. When I divorced I made a new will leaving everything to my 2 daughters 50-50 . I have spoken to them about it and trust them to use some of the money for the granddaughters when they are older, university, cars etc . Younger daughter does not have children and does not want any but literally lives next door to her sister and plays a huge part in her nieces lives, she is named as legal guardian if anything happens to girls parents. So I have left it like that I will not have a huge estate just one small property and whatever modest savings I may have at the time.

ninathenana Fri 28-Aug-15 10:04:09

My brother and I both have two children and both have an unmarried child and one with two children.
Unbeknown to each of us until it was mentioned recently it turns out we have each left half to our unmarried child and the other half is split between the two DGC and in my case has been put in trust until they are 20.

whitewave Fri 28-Aug-15 10:03:59

We have said that each GC living at the time if our death should receive 10% of the estate and the rest divided equally between our children. The monies should be put in trust until they are 18.

granoffour Fri 28-Aug-15 09:52:07

Hello, we've recently had another grandchild (so I'm actually granoffive!) and we're thinking of updating our wills. In our current one we've left most things to our two sons but now I'm wondering if we should rather be splitting things between our grandchildren. Our younger son is very careful with money - and the other rather less so. I want to be fair to both but I don't want the grandchildren to lose out. But the GCs are still very young. I was wondering what others have done. I'm sure they won't argue - they're both very lovely boys - but I don't want to give any cause for bad feeling when we go.