Will - excluding a child

molliejo

princessdreamer wrote: »

Some people have no sense of humour. If you could see my estate compared to ex and the tarts you would be laughing too. They can't even afford a lawyer let alone a good one. The only thing he has is what he got of me which is more than likely long gone. He does not work, he does not pay for his children, he is and always will be worth nothing. She is welcome to him as long as she enjoys sharing him with his other women and pushing out a few benefit babies.
As for growing up 24/7 I provide EVERYTHING for our children and I work bloody hard.:D

My apologies, I have a great SOH but stuff like that doesn't always come across in written text. You came across as bitter and twisted.

I thought it was only women that pushed out benefit babies, this country sucks!!!

molliejo

fannyanna wrote: »

Oh I will be but I normally like to try and get an idea of something first but I must confess I’ve found this one a bit difficult to research online.

I understand that a provision would need to be made for a maintained child but don’t really understand how that provision is made. Whether it’s 15% of the Father’s estate (same amount of CSA liability) or what the Father would have had to pay up until the child reached 19.

Say there was £100,000 in the Fathers estate……

Option 1 would mean £15,000
Option 2 (if liability was £50 per week for a 9 year old) would mean £26,000

As you said all will become clear I’m sure on speaking to a solicitor.

I need to look into this as my hubby has another son who he's never seen but pays CM for (I forgot about him!). Would I have to make a provision for him before splitting the rest or if he died first would I have to make a provision before the money came to me?

I never thought about all this, would his estate include life insurance?

POPPYOSCAR

molliejo wrote: »

My apologies, I have a great SOH but stuff like that doesn't always come across in written text. You came across as bitter and twisted.

I thought it was only women that pushed out benefit babies, this country sucks!!!

Thats how it came across to me as well and still does TBH.

fannyanna

molliejo wrote: »

I need to look into this as my hubby has another son who he's never seen but pays CM for (I forgot about him!). Would I have to make a provision for him before splitting the rest or if he died first would I have to make a provision before the money came to me?

I never thought about all this, would his estate include life insurance?

I’m probably as much in the dark as you are but from what I understand all of his biological children would have a claim on his estate (which I believe would include his life insurance).

euronorris

Very interesting question Fannyanna, as the amounts would obviously change dependant on how old the child was at the time. Certainly not straightforward.

euronorris

molliejo wrote: »

No and I wouldn't. We have him regularly and as far as I'm concerned any money would be split equally between our five kids (three to my ex, 1 to his ex and 1 of our own) I don't have a will as we have no assets or life insurance at the moment (we can't afford it) If we did I wouldn't treat our child any differently to my ex's kids or his exe's kids. The will would put the money in trust until their 21st birthday though. If he died before his son's 21st and CM had to be paid then it would come out of his trust. (If you could do that)

Do you not need a will to confirm who you would like to look after the children if you died? (after talking to said people first and getting their agreement)

molliejo

euronorris wrote: »

Do you not need a will to confirm who you would like to look after the children if you died? (after talking to said people first and getting their agreement)

Oh god, I never even thought of that. I know the kids would be well looked after by their Dads if anything happened to me but the thing that would upset me is if my older three never saw the youngest one, they all love him so much!! Can you make a provision for that in a will?

euronorris

molliejo wrote: »

Oh god, I never even thought of that. I know the kids would be well looked after by their Dads if anything happened to me but the thing that would upset me is if my older three never saw the youngest one, they all love him so much!! Can you make a provision for that in a will?

I'm really not sure, possibly not.

But it might be an idea to find someone who would be willing to look after the youngest if the worst happened (and who you're happy with), and discuss with them and your ex, your wishes. You may be able to get them to agree, and then confirm it in your will.

POPPYOSCAR

fannyanna wrote: »

I’m probably as much in the dark as you are but from what I understand all of his biological children would have a claim on his estate (which I believe would include his life insurance).

But what about if the Life Assurance policy was written under trust for certain named children?

fannyanna

Yes and as callous as it sounds I may need to protect my money from my husband for inheritance purposes. If his children can have a claim to his money I would imagine that without a will his estate would be deemed to be 50% of what we have as a couple.

In reality more money has come from me and whilst I am happy with his children having a share of his money I am not happy for them to have a share to my money.

I therefore need to speak to a solicitor to establish what is the best thing for us to do going forward.