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Legal, pensions and money

Making new will

(31 Posts)
Faye Fri 15-Feb-19 09:10:53

One thing I think is important is to specify in your will that any of your DC’s inheritance is passed on to their own DC should one of them die before you.

I have personally seen this happen a few times and have experienced it myself. My single aunt died and left a share to each of her siblings. My DM died before her elder sister, when my aunt died my DM’s share went to my cousins.

theretheredear Fri 15-Feb-19 00:46:10

I have recently done my will. I have left it equal between my children. I have told them this & given them copies. I think this is fair & simple, avoids any mis understanding.
It is up to them if or how they choose to share this with their children or any future children.

notnecessarilywiser Fri 15-Feb-19 00:29:17

It's up to you, but worth mentioning that on Mumsnet there are frequent threads along the lines of "my DM left a third to me, a third to my brother and the remaining third to be divided between the DGC, but my brother has three children and I have only one - this is so unfair!" or "... the remaining third to be divided between the DGC, but at the time she died I was 8 months pregnant with my first child so she's not being included - this is so unfair!" (It often transpires that the sum in question is about £7.50!! grin )

cornergran Thu 14-Feb-19 22:58:06

The solicitor will explain any pitfalls and word your will to reflect your wishes. If it’s any help bluesaphire our wills also divide some assets into three with one third portion to be divided between however many grandchildren there might be. There isn’t a right way to divide assets, everyone is different and will have their individual preferences. Your solicitor will advise and make sure the outcome is within the law. Please don’t worry, you will find your solicitor will help you through the process.

Anja Thu 14-Feb-19 22:50:46

I think your solicitor will be your best bet for sound advice. Tell them what you want and listen to how they think it ought to be worded.

BlueSapphire Thu 14-Feb-19 22:47:41

Appointment with solicitor next week to discuss my new will.
DH died last year and I really do need to make a new will as we had mirror wills.
Our previous wills had a discretionary trust whereby half the house was left to the DC and the other half to the surviving partner (me).
Obviously I now need to make a new will to deal with my half, and am thinking leaving the remainder, one third to DS, one third to DD and the remaining third to be divided between the DGCs.
I have absolutely no idea of whether what I am doing is right and would like some advice before I see the solicitor next week, please, if anyone could be so kind.