Will's advice

Kynthia

lifeofease wrote: »

Keep Pedalling: Your situation is very common, but if you leave things the way they are and your partner dies first then his daughters staned to lose their inheritance.

- I understand your concerns as an outsider looking in, however I would never leave his daughters without anything and would always make sure they had a fair shared in the future when I died. I was more concerned that if I die first and the house passes to my partner then my nieces would loose out and I am very close to them compared to my partners daughters who hardly ever speak to me but would end up having my share of the house,which incidentally I have put far more money into than my partner. So yes I need to sort it! Thank you for your help in thinking it through.

There are circumstances where you might not be allowed to give away some of your inheritence to them without consequences. If you're on benefits, in a care home, or even in a situation where it's apparent you could need to go into care in the future. If for some reason you are not able to make decisions yourself, someone with power of attorney for you would not be allowed to give away so much even if they know you would have wanted that. All this can be avoided with wills leaving what you want to who you want.

YoungBlueEyes

OP don't put off doing your will because you think it's too hard, it really isn't. I made my first will earlier this year and it was very simple. This is how I did mine - I made a list of all my major assets (property, car, bank accounts, shares etc) and thought of who I'd like to have them when I go. Then I thought of a back-up person in case it doesn't go to plan and folk die in the wrong order ha haa! I made an appointment with my solicitor, took him my ideas, he pointed out a couple of things and rewrote in legal language. I went in to sign it when he'd done, I paid the bill (I think it was about £70...) then got my copy through the post a few days later. Nothing tricky at all

Of course making a will isn't just about making sure your estate goes to the people you want it to, it's also about making sure the wrong people don't get it by default.....