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Wills and Trusts

1 reply 44 views
cithompsoncithompson Forumite
1 posts
MoneySaving Newbie
Hi.  I am new here.
Can my 2 Children be the beneficiary to my estate in the event of my death?  

I am thinking of writing a Will leaving everything to my 2 Children (Twins).  If i die before they are 18 years old, the money goes into Trust.  If i die after they are 18 years old, the money is split 50/50.  Is this a feasible option?

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  • Savvy_SueSavvy_Sue Forumite
    41.6K posts
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    Yes, but ... 

    Get the will drawn up properly, and discuss the options with the solicitor who is preparing it. Who will you appoint as trustees for the twins? Who would you want to take care of them? If you are not a single parent, the the other parent might be the obvious choice for one Trustee (or might not), but the other parent might also have a claim against your estate if you make no provision for them. 
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