Inheritance problem

Marisco

onwards&upwards said:

Marisco said:

theoretica said:

But if she has an ISA in her own name why take money out?  Why not make a will leaving some or all of the ISA to her daughters?

I had to text her to ask, she said something about the money in the ISA automatically goes to her oh. I'm not sure what she means TBH. As for a will, it would cause arguments as her oh reckons his kids should get it all and she wants her kids to get something. So she thought this might be the best way to avoid arguments.

I don’t get how writing a will would cause arguments but her taking 20k of their joint money (that originally came from his brother dying) and basically giving it away so it wasn’t his anymore, wouldn’t!

Maybe this is better waiting till the bereavement is less raw, and the money has become fully merged in and indistinguishable from the rest of their pot, then they can discuss wills together.

I do see his point that he feels his brother’s money should benefit his brother’s niece and nephew, unless he treated the stepdaughters like nieces too, but there is a 10 year age gap so maybe not.  How old were all the kids when they blended the family?  

I don't really know, but I should imagine if she wants to leave money to her kids in a will, her husband will object and it could lead to arguments? I'm not sure how old the kids were, they've been together for about 27 years and the kids are 30 something, so about 10/11? Her kids were older.

Anyway she wanted to know if she could open a joint account with one of her daughters, and the money would go to her daughters after she dies. I think the answer is yes, so thank you all for your input. I have suggested they spend the lot and enjoy themselves, job done!