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

Seanymph

savingmummy wrote: »

We don`t have a will.
We have 2 children (under 9) BUT have no assets or major savings.


I do often wonder though "what if" who would have our children?!!
I just hope we live to see them as adults as we have no one to name as a guardian!!

Do you not have life insurances? Or are they all in trust?

And what if you both were in a car crash - who do you think will care for your children? Seriously. 'Not knowing' and 'hoping' won't alter the fact that someone MAY have to deal with that.

Will they go into social services care? Really? That is what you want for your children?

74jax

LilElvis wrote: »

Even if he doesn't have much in his estate he needs to make it easy for those he leaves to be able to access his money to pay for his funeral.
.

He has quite a bit, hence it won't all come to me if he died without a will.

It's not the fact I won't get it all, it's having to sort it with out a will.

scooby088

SailorSam wrote: »

When i use to read about people doing that i could never understand it Scooby, family has always been so important to me. I've no children of my own to leave things but all my life i've put the needs of my Sisters first ahead of myself and liked the idea that when i died and my estate was shared it would make their lives easier.
But i see now what a fool i've been in the past and think you've got the right idea, charities need and deserve things more,

I was 28 when I was willed half of my dads estate gotta be close to 40 grand in cash and half the house I now live in, I had to buy my sister out of her half, I can truly say I wasted the money never really stopping to think how hard mom and dad worked for that money and it should have been theirs to enjoy in retirement.

I definately think charity idea is the way to go, there are also many other clauses in my will with regards to funeral and such things.

sweaty_betty

I'm like a previous poster in that our will-making has ground to a halt as we have no-one to nominate to look after DC if we were to die.
We have no family we'd like them to go to, no friends who would have them/we'd trust with them.

We have life insurance, so financially they'd be fine, but in terms of who they'd live with we're at a loss.

Savvy_Sue

sweaty_betty wrote: »

I'm like a previous poster in that our will-making has ground to a halt as we have no-one to nominate to look after DC if we were to die.
We have no family we'd like them to go to, no friends who would have them/we'd trust with them.

We have life insurance, so financially they'd be fine, but in terms of who they'd live with we're at a loss.

What we did was appoint guardians who would make the decisions needed at the time, we hoped. we didn't expect them to take the boys on, but we did expect them to work out what was best for them. If we'd died when they were pre-teenagers, I'd have wanted them kept together. After that, all bets were off.

So, do you have anyone who you could trust to make those decisions? Or appoint as trustees to take care of the dosh until the children grow up?

sweaty_betty

Savvy_Sue wrote: »

What we did was appoint guardians who would make the decisions needed at the time, we hoped. we didn't expect them to take the boys on, but we did expect them to work out what was best for them. If we'd died when they were pre-teenagers, I'd have wanted them kept together. After that, all bets were off.

So, do you have anyone who you could trust to make those decisions? Or appoint as trustees to take care of the dosh until the children grow up?

Unfortunately not - I can't think of anyone

(I'm aware this makes me sound very sad/antisocial)

74jax

Well I did mention it again today, but it's a firm no, not interested.

I guess at least from your replies there's many who decide not to although maybe not for the same reasons but plenty do make the decision to not have one.

Thanks everyone.

Starrystarrynight

I don't have a will as I'm wary of how much it will end up costing. Simple as that.

Flugelhorn

have home made wills - not out of choice but through struggling with solicitors!! - first effort was with solicitor we had trusted for conveyancing on several occasions and had been great but what came back for the will was illiterate and we discovered the original solictor had retired and the new one clearly wasn't up to it. Then went to another one locally who we sat with for 30 mins, received a draft, commented on it, sent it back .... and that was it ! No response to calls or e-mails, his secretary promised she would chase him but no, nothing. Couldn't face trying a third time!!

penguingirl

I don't have a will and have never thought seriously about it as I'm late 20s with no children. My house is joint owned with my partner (not married) as joint owners so if one of us died the other would get it all. Don't really have any other assets of value so wouldn't be bothered that the little bit of savings I do have, my 10 yr old car etc would go to next of kin (my parents). I'm also pretty confident my parents wouldn't keep it, but would probably gift the bits to my brothers.

The only concern I do have is the life assurance linked to my pension. It would pay out a substantial amount (probably 10 x more valuable than my assets) if I died while still employed and I need to fill out a form for it to go to my partner rather than my parents. Somehow never got round to it. Will add it to my to do list!