Writing a will before buying

class2ldn

We had this issue as we are due to complete next week.
The complication for us is that I have a daughter from a previous relationship.
We've decided to be joint tenants because
A) My daughter has a trust fund set up
We are getting married next year
C) I trust her 100% not to leave my daughter out if I do go before her.
D) If my daughter and my partner fall out and my half is passed to my daughter do I want her kicking my partner out?
D) stems from a friend who has taken his daughter out of his will as she's gone down a dark path.
I don't know what will happen in the future but I do trust my partner 100% to make sure my daughter gets what she deserves.
This can be changed to tenants in common in future but I believe that is an easier option then going to joint tenants from tenants in common.
Do you see yourself being with your partner until you die?
If you've both paid roughly equal shares then to me why shouldn't they receive the house.
I know opinions change when a relationship breaks down but to me whatever happens if some one has paid equally then why wouldn't it go to them???

G_M

mashmash90 wrote: »

Thanks everyone for the advice, its hard to imagine anything like death or splitting up but you can't predict anything in life! My partner is contributing slightly more to the deposit (3k more) but essentially we pay the same in terms of mortgage payments. If anything happens we would really have no choice but to sell as its shared ownership and no sub letting allowed and no way would either of us afford it for long on our own so the issue of one of us wanting to sell and the other to stay wont crop up!

Errrr..... huge assumption!

2018. The magic between mashmash and partner has faded.
2019. Partner meets mincemince at work. Electricity!
2010. Partner decides mincemince is irresistable. Tells mashmash i's over.
2011. mashmash moves out. Wants equity to buy small studio flat outright to nurse wounds in private. Mincemince moves in - partner wants to keep the property now that mincemince is helping out with the costs.

fashionvictim

G_M wrote: »

Errrr..... huge assumption!

2018. The magic between mashmash and partner has faded.
2019. Partner meets mincemince at work. Electricity!
2010. Partner decides mincemince is irresistable. Tells mashmash i's over.
2011. mashmash moves out. Wants equity to buy small studio flat outright to nurse wounds in private. Mincemince moves in - partner wants to keep the property now that mincemince is helping out with the costs.

I always thought that mincemince was a :eek:

Anyway I am unmarried and I am sure we should have a will. I keep saying it.

We have the insurance so if one of us dies it pays of the mortgage but then I assume being unmarried that half of the property would go the next of kin. With no agreement in writing I assume this would be brothers/ sisters? We are joint owners.

If my partner died I am sure his sister would boot me the day after demanding her share. Is this how it works for us unmarried types?

mashmash90

G_M wrote: »

Errrr..... huge assumption!

2018. The magic between mashmash and partner has faded.
2019. Partner meets mincemince at work. Electricity!
2010. Partner decides mincemince is irresistable. Tells mashmash i's over.
2011. mashmash moves out. Wants equity to buy small studio flat outright to nurse wounds in private. Mincemince moves in - partner wants to keep the property now that mincemince is helping out with the costs.

Haha oh dear I hope the prediction doesn't come true! I meant to say as the shared ownership lease we signed states it has to be us two living there and we are not allowed to have anyone else move in (unless we have a child) so surely then that would mean 'micemice' wouldn't be allowed to live there anyway!

TBagpuss

fashionvictim wrote: »

I always thought that mincemince was a :eek:

Anyway I am unmarried and I am sure we should have a will. I keep saying it.

We have the insurance so if one of us dies it pays of the mortgage but then I assume being unmarried that half of the property would go the next of kin. With no agreement in writing I assume this would be brothers/ sisters? We are joint owners.

If my partner died I am sure his sister would boot me the day after demanding her share. Is this how it works for us unmarried types?

It depends on how you own the property.
If you won as Joint Tenants, then when one of you dies, the property wutomatically belongs to the other - there is no 'half' - you both own all of it. If it was your partner who died, his siblings (assuming he has no living children or parents) would inherit any estate he had, if he soesn't make a will. That would include things such as his personal beliongings, any savings or investments in his sole name, and, depending on how the policies were set up, might include insurance or pension pay outs.

If you own as Tenants in Common then each of you owns a specific share of the hosue (normally assumed to be 50% of it is not defined). in that case, his siblings (again assuming he has no living children or parents) would inherit his share under the intestacy rules. His sister could not simply boot you out, but she could potentially move in and she could definitely force a sale to free up her share of your partner's half of the property.