Grandads Will -Should he include an 'Unborn/ INVISIBLE grandchild' in the Will? Advise needed

Emmia

wannabe_a_saver said:

Emmia said:

We have no children (choice) but 6 nieces/nephews between 4 siblings - with one of my siblings still child free but recently married... I'm expecting more bambinos soon

Essentially each sibling gets 25% of the estate divided equally between whichever offspring they have - my sibling who doesn't have children yet gets the 25% unless they have children, at which point the ££ goes to their child(ren) equally divided.

Interesting, so they are skipping the children and going straight to the grandchildren. 

I think that would be a great idea if all the grandchildren were adults, less so if they are young children.

I'm going to the children of our siblings - there are no grandchildren. 

I'm skipping the siblings (where they have kids) as they're all well off - but if we died today, my chiid free sibling also inherits as I think it is unfair otherwise (and I'm trying to future proof)

justworriedabit

Good evening

Incredible. Even after I posted that it is 'granddads money' most are failing to take note of this.

When you write your will or when you did, how would you feel if  others/family dictated to you as to what in their opinion was 'fair' or not.


I've read several threads re wills, the vast majority that post on that fail in style the fact the money belongs to the will writer and it is their choice.

Emmia

justworriedabit said:

Good evening

Incredible. Even after I posted that it is 'granddads money' most are failing to take note of this.

When you write your will or when you did, how would you feel if  others/family dictated to you as to what in their opinion was 'fair' or not.


I've read several threads re wills, the vast majority that post on that fail in style the fact the money belongs to the will writer and it is their choice.

Grandad should distribute the money how he sees fit, other people's views are irrelevant. 

If he wants to give it to the local cat/dog/guinea pig rescue etc., that's his business.

Family have no right to interfere/dictate - and tbh, any family/friends that tried this on with me would be explicitly written out.

Apintplease

Is this a wind up?

Grandad writes his will as he see fit

Just cos you dont have children - not his problem

And hey, lets hope grandad spunks the lot before he pops it 

Morglin

We’ve constructed our will the simplest way....half each, of whatever is left when we die, to our two kids, in the knowledge that they will look after the grandchildren anyway.

I wouldn’t ever not treat my children the same - whatever their status and/or wealth.  That’s the quickest way to cause family strife....🙄

justworriedabit

Emmia said:

justworriedabit said:

Good evening

Incredible. Even after I posted that it is 'granddads money' most are failing to take note of this.

When you write your will or when you did, how would you feel if  others/family dictated to you as to what in their opinion was 'fair' or not.


I've read several threads re wills, the vast majority that post on that fail in style the fact the money belongs to the will writer and it is their choice.

Grandad should distribute the money how he sees fit, other people's views are irrelevant. 

If he wants to give it to the local cat/dog/guinea pig rescue etc., that's his business.

Family have no right to interfere/dictate - and tbh, any family/friends that tried this on with me would be explicitly written out.

Good morning

Thank you as at last people are recognising the fact the money belongs to the gifter, their choice, end of.


We recently made our first will, yes, like most delayed.  We've made a simple equal split. The properties inc rental equally split not as a an equal share but we trust our children and we have indicate who get what atm but if we add or subtract to our properties, our aim is to keep at least one property per child and the valuations at the moment are varying but they accpet what we have said and we are sure they will do the right thing.

We agree to a simple, equal spilt but if properties were sold and tax paid, then one would get more than the other and we are happy with that and we will update if we need to but the bottom line, our money, our choice and we believe our kids have passed the age where they get into trouble/etc, if need be, we would write out or massively reduce one kids amount if they forget us/etc as we get older which we doubt.


When i was younger, every so often heard a story on the new where an older person died and left loads of money/etc to cats and dogs - I used to think wt..... - but now i can see where they are coming from.

Yep, we've already gifted cash amount and one property and the property was work at least 30k more, but we were happy with that as were our kids - we did this for two reasons IHT potentially as the years go on and possible care home fees.

Sea_Shell

justworriedabit said:

Emmia said:

justworriedabit said:

Good evening

Incredible. Even after I posted that it is 'granddads money' most are failing to take note of this.

When you write your will or when you did, how would you feel if  others/family dictated to you as to what in their opinion was 'fair' or not.


I've read several threads re wills, the vast majority that post on that fail in style the fact the money belongs to the will writer and it is their choice.

Grandad should distribute the money how he sees fit, other people's views are irrelevant. 

If he wants to give it to the local cat/dog/guinea pig rescue etc., that's his business.

Family have no right to interfere/dictate - and tbh, any family/friends that tried this on with me would be explicitly written out.

Good morning

Thank you as at last people are recognising the fact the money belongs to the gifter, their choice, end of.


We recently made our first will, yes, like most delayed.  We've made a simple equal split. The properties inc rental equally split not as a an equal share but we trust our children and we have indicate who get what atm but if we add or subtract to our properties, our aim is to keep at least one property per child and the valuations at the moment are varying but they accpet what we have said and we are sure they will do the right thing.

We agree to a simple, equal spilt but if properties were sold and tax paid, then one would get more than the other and we are happy with that and we will update if we need to but the bottom line, our money, our choice and we believe our kids have passed the age where they get into trouble/etc, if need be, we would write out or massively reduce one kids amount if they forget us/etc as we get older which we doubt.


When i was younger, every so often heard a story on the new where an older person died and left loads of money/etc to cats and dogs - I used to think wt..... - but now i can see where they are coming from.

Yep, we've already gifted cash amount and one property and the property was work at least 30k more, but we were happy with that as were our kids - we did this for two reasons IHT potentially as the years go on and possible care home fees.

Do you have grandchildren yet?    Might you decide in the future to leave a portion directly to them?    How would you distribute your assets if one of your children had 3 kids and the other none?    Would you keep it just equal between your children (and leave it up to them) or would you want to write your grandchildren in, as people in their own right?

Sea_Shell

Emmia said:

We have no children (choice) but 6 nieces/nephews between 4 siblings (I have 3 and DH 1 but equal numbers of offspring on both sides) - one of my siblings is still child free but recently married... I'm very much expecting more bambinos soon

Essentially each sibling* gets 25% of the estate divided equally between whichever offspring they have - my sibling who doesn't have children yet gets the 25% unless they have children, at which point the ££ goes to their child(ren) equally divided.

*after the second death

This is similar to our plan.  We have no children, just Nieces and Nephews on both sides.   Currently, both siblings get 50/50 each (on second death).    However, once all the kids are over 18, we'll then revisit this and decide whether to leave things as they stand, or to "cut out" the siblings and leave directly to the N&N's.

However, there are 3 on one side and 2 on the other.    So do we go c.50/50 to each "side" of the family (so 26/26/16/16/16*), or 20% each to all 5?

Either way could be seen as both "fair" or "unfair" depending on your personal views on such matters.

* to avoid messy decimal points or "leftovers".

HampshireH

There are two identical posts running on this now one here and one on the sub forum.

Perhaps they could be combined?

sassyblue

No, grandad should not set aside any money for future grandchildren.

if when grandad dies Son 3 does have children then he could ask the other sons either his child(ren) receive the same as theirs or the money is divided up between all grandchildren. It may not go down well though, only you know what they're like.

to be honest, the solicitor/legal executive drawing up the will should have pointed out the pitfalls but if Son 3 ever has children and grandad is decent and of sound mind he will make sure all grandchildren were treated the same.