if you don't have a will can you answer please?

74jax

This is really just if you don't have a will.

What are your reasons for not having one, don't have the time? Too complicated? Can't work out who gets what etc?

lulu_92

I don't have one yet. I'm only 22 and don't have much of an estate. However when OH and I have bought our house and we've had a baby I will be writing one to protect both of them. I am considering holding off including OH until we are married, but who knows when that will be.

lika_86

No real assets and no dependants and the intestacy rules at the moment will do pretty much what a will would.

It's something I need to think about in the next few years though.

flea72

I dont have one because my relationships with my family are uncomplicated and there are no disagreements over who gets what.

Everything automatically goes to my OH (estate value under 250k), our children will then inherit when he dies

stclair

flea72 wrote: »

I dont have one because my relationships with my family are uncomplicated and there are no disagreements over who gets what.

Everything automatically goes to my OH (estate value under 250k), our children will then inherit when he dies

What about if your OH remarried after your passing then the estate would go to their spouse the children would not get anything.

19lottie82

I'm 32 and got married last month.

My OH has 2 daughters. If he were to die I would get everything and make sure the girls were provided for.
They have very wealthy grandparents on their mothers side also.

We don't have wills, but we don't have much in terms of an estate right now, although there is life insurance for us both.

We are planning on trying for a baby, so if that happens I guess we will need to sort out a will to make sure all the kids are equally provided for.

Savvy_Sue

A good solicitor should do their best to future-proof your will, at least for the obvious scenarios: future children, etc.

One thing though is that your will becomes invalid on marriage unless it is made 'in contemplation of marriage', and I believe there's a time limit on the contemplation period.

We have mirror wills, but they're out of date. One executor has died (and I don't know exactly when so getting a death certificate would be entertaining) and the other lives 100 miles away and we have no contact with them. However, I'm reasonably sure that if we had to use those wills then the remaining executor would stand down if I asked them to.

We have draft wills in our 'pending' tray. The solicitor writes every couple of months to remind us - I met him socially not long ago and he said he thought his record of time between initial draft and signing was over 7 years, so we're not doing too bad so far.

We have covered the 'what if the boys pre-decease us' scenario, but something has changed since the draft so we need to alter that bit.

74jax

Thanks everyone, seems there's a whole load of reasons out there.

Mojisola

flea72 wrote: »

Everything automatically goes to my OH (estate value under 250k), our children will then inherit when he dies

Only if you are married. Unmarried partners don't inherit from each other under the intestacy rules.

flea72

stclair wrote: »

What about if your OH remarried after your passing then the estate would go to their spouse the children would not get anything.

The OP asked why i dont currently have a will. As i said, my relationships are uncomplicated. I know OH will never remarry, as he finds multiple marriages abhorrent. If i remarried, then i would make a will so my kids get my share. If by some miracle OH does change his mind, then he would do the same

Mojisola

For the people who don't have a will, wouldn't you prefer name the person you want to deal with your estate?