Inheritance, step children and biological daughter

Keep_pedalling

You husband is an idiot, you both need wills in place ASAP. Explain to him that if you were both in an accident, where he died instantly and you died a day later your child would inherit everything under intestacy rules. If the deaths occurred the other way round, his step children would still inherit nothing and you child may also end up with nothing, and his siblings, if he has any, would be the major beneficiaries.

If you can’t convince him that you both need wills to avoid leaving a terrible financial mess behind you,  make sure you go ahead and make yours regardless. You can’t really do it in secret as one thing you will need to do is make the house ownership tenants in common. You don’t need his permission for that but he does have to be notified.

sassyblue

Compromise. £100k in an account for your daughter and the other £50k in the house.

At the end of the day it’s your money to do with as you wish.

naedanger

Keep_pedalling said:

You husband is an idiot, you both need wills in place ASAP. Explain to him that if you were both in an accident, where he died instantly and you died a day later your child would inherit everything under intestacy rules. If the deaths occurred the other way round, his step children would still inherit nothing and you child may also end up with nothing, and his siblings, if he has any, would be the major beneficiaries.

Can you expand on how the death of the wife followed by the death of the husband could result in the major beneficiaries being the husband's siblings rather than his children? 

maman

Keep_pedalling said:

You husband is an idiot, you both need wills in place ASAP. Explain to him that if you were both in an accident, where he died instantly and you died a day later your child would inherit everything under intestacy rules. If the deaths occurred the other way round, his step children would still inherit nothing... 

I'm confused. I thought they were his biological children from previous marriage (so OP's step children) and the daughter with OP from this marriage. 🤔

pickledonionspaceraider

I have a real problem with inheritance cash going where the deceased would not wish.  

Why should people who have never even met the deceased, benefit?   

Yes I know in marriage it is 50/50 but i just think there is something unsavoury about the expectation of his children from his 1st marriage eventually getting the benefit of your Grans savings, long ways down the line.  The expectation of it.

In my opinion he is being unreasonable.  If i were you there is no way on earth I would plough that money into the family home without a will in place saying that the house was to be split equally among my child and step children BUT with an amendment that  my blood child was to benefit - in its entirety, the extra money put in due to your inheritance.   I would want it in writing that the house gets split between my blood child, the step children, and my child gets x amount of £ extra  - and I would explain this to the nth degree in the will - so there could be no miscommunication - and I would deffo sit the children down and explain it to them face to face when wills are drawn up

If this is not possible, i would just put it into a trust for my child now and seethe that my husband was a selfish pig

Even if you go down the trust fund route, you NEED to have Wills.  It is a bit strange that this has all come up now, rather than years ago if you ask me!

pickledonionspaceraider

maman said:

Keep_pedalling said:

You husband is an idiot, you both need wills in place ASAP. Explain to him that if you were both in an accident, where he died instantly and you died a day later your child would inherit everything under intestacy rules. If the deaths occurred the other way round, his step children would still inherit nothing... 

I'm confused. I thought they were his biological children from previous marriage (so OP's step children) and the daughter with OP from this marriage. 🤔

They are HIS children from 1st marriage - and OP's step children 

Keep_pedalling

naedanger said:

Keep_pedalling said:

You husband is an idiot, you both need wills in place ASAP. Explain to him that if you were both in an accident, where he died instantly and you died a day later your child would inherit everything under intestacy rules. If the deaths occurred the other way round, his step children would still inherit nothing and you child may also end up with nothing, and his siblings, if he has any, would be the major beneficiaries.

Can you expand on how the death of the wife followed by the death of the husband could result in the major beneficiaries being the husband's siblings rather than his children? 

That will teach me to read the whole thread, not just the opening post

naedanger

Keep_pedalling said:

naedanger said:

Keep_pedalling said:

You husband is an idiot, you both need wills in place ASAP. Explain to him that if you were both in an accident, where he died instantly and you died a day later your child would inherit everything under intestacy rules. If the deaths occurred the other way round, his step children would still inherit nothing and you child may also end up with nothing, and his siblings, if he has any, would be the major beneficiaries.

Can you expand on how the death of the wife followed by the death of the husband could result in the major beneficiaries being the husband's siblings rather than his children? 

That will teach me to read the whole thread, not just the opening post

No problem. I was wondering if there was some very strange quirk in the intestacy rules.

74jax

Keep_pedalling said:

You husband is an idiot, you both need wills in place ASAP. Explain to him that if you were both in an accident, where he died instantly and you died a day later your child would inherit everything under intestacy rules. If the deaths occurred the other way round, his step children would still inherit nothing and you child may also end up with nothing, and his siblings, if he has any, would be the major beneficiaries.

If you can’t convince him that you both need wills to avoid leaving a terrible financial mess behind you,  make sure you go ahead and make yours regardless. You can’t really do it in secret as one thing you will need to do is make the house ownership tenants in common. You don’t need his permission for that but he does have to be notified.

Completely agree.
I've always had a will, my husband never.  So when we married I couldn't convince him to make a will whatsoever so I just re-did mine so I was happy and made sure my daughter was provided for (she is not my husbands daughter).
If your husband won't make a will, don't let it stop you leaving your estate how you would wish knowing he doesn't have a will.

Newly_retired

Yes, except that if the house is in joint names it falls outside the will. It will automatically go to the surviving spouse on first death. Then it can be willed to whoever the surviving spouse chooses. 

All these children are children of the husband here, but if the OP survives him, she could leave the step children nothing, and leave it all to her daughter.