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Legal, pensions and money

Wills and leaving to grandchildren

(131 Posts)
Namsnanny Wed 13-Jan-21 18:18:07

I would leave it as it is. Give your gc money and/gifts now whilst your alive. Set up savings accounts if you like.
But dont cause any emotional misunderstandings after your death.
Well, that's what I'm doing.

Granarchist Wed 13-Jan-21 18:17:46

Please stick with your original will. Who knows what needs your elder children may have in the future? Legacies can create awful upset and to 'favour' one over the other two would not be fair. You could always leave a small legacy to the grandchildren directly.

mumofmadboys Wed 13-Jan-21 18:17:20

Would it be easier to leave a set sum to be divided between all your grandchildren on the event of your death and to be kept in accounts which can't be accessed till they are 18? That way more money isn't left to your youngest son and you want to avoid any ill feeling if at all possible.

Oopsadaisy1 Wed 13-Jan-21 18:15:41

I wouldn’t ,I would split the youngest ones inheritance and give some to the GCs. I don’t see why the other ACs should ‘fund’ your youngests children.

Whitewavemark2 Wed 13-Jan-21 18:13:36

You could leave a percentage of your estate to each grandchild. After which the balance can be divided.

Thoro Wed 13-Jan-21 18:11:21

Would really like GN’s thoughts on this. I have three children and the will I made a few years ago leaves my estate to be divided equally between them (their father died many years ago and present husband and I keep our own finances).
The two older ones have passed the age of having children however the youngest one has an almost 3 year old and his wife is due to give birth to twins any day now!
Any thoughts on changing my will to give my youngest additional support if I do pass away (I am 70 and quite healthy but you never know). Not over keen on leaving anything in trust but don’t know how the other two would feel if I left more to their younger brother. Any thoughts please. (I’ve got some savings plus half the house)