Who needs a will?

ses6jwg

dunstonh wrote: »

Is the life policy in trust?

Hi dunstonh, as far as I am aware it is not, how can I go about getting it put into trust?

It is provided by Aviva, via Santander, as I get a 30% discount as I work for them, do I need to contact Aviva directly?

atush wrote: »

If you want your ex to have no control over the money you have to leave a will. and I would consdier making your mother the Trustee until she is 21 not 18. And re look at your insurance, as if it isn't written in trust your ex will have control of that.

Having said all this, I am presuming you are paying your ex something for the upkeep of your daughter, and that you can see her. If not, see you do so as you need to keep in touch with your own flesh and blood.

I pay child maintainance and have contact with my daughter every other weekend.

I would be happy for any monies to go toward the upkeep of my daughter however I do not want in her mothers control because she is irresponsible. I would want my Mum or Sister to have control and I have discussed with them and they are happy with this.


How do I go about drawing up a will?

atush

You see a solicitor in your case as you have specific concerns. Others could go with a DIY approach.

a solicitor can guide you to get your affairs into a situation you will be most happy with.

As has been pointed out, your child's mother (who I assume you cared for at one time) will always be in her life and possibly always be in control of your child's money for day to day living expenses. So having outside trustees who know her (like your relatives) and who know the law are very important to secure her future. But given your untimely demise there would be some control on the finances which means you should choose the trustees to make sure your child's mlother is making the right choices.

If her life choices become very poor you should look into getting custody.

dunstonh

It is provided by Aviva, via Santander, as I get a 30% discount as I work for them, do I need to contact Aviva directly?

There should be some default trust documents available from Aviva via your staff members that deal with this. Do remember that Aviva prices via Santander are increased by around 30% over their normal retail. So, you may want to look at starting again via a discount IFA, like Cavendish.

ses6jwg

dunstonh wrote: »

There should be some default trust documents available from Aviva via your staff members that deal with this. Do remember that Aviva prices via Santander are increased by around 30% over their normal retail. So, you may want to look at starting again via a discount IFA, like Cavendish.

I pay £6.66pcm for £252,000 worth of cover which is decreasing over the next 21 years, which is up until my daughter turns 25. No CIC or income protection just pure life cover.