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

Spendless

Son 1 & 2 might be married with 2 kids now but they could be widowed, divorced, have vasectomies reversed (if they've had them) or even stay with their wives and have a happy accident 9depending on wifes ages). Who knows what the set up will be at the point Grandad eventually dies.

For that reason I'd do one of the following options, leave Grandkids out of it altogether. Then when they parents inherit it's down to them if they wish to pass something on to the kids or leave a set  amount to each living Grandchild.

Whatever Grandad decides though, it's his money and none of his son's business. 

justworriedabit

Sea_Shell said:

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?

Yes, we have a grandchild. As it stands and atm as per my detailed post. Our money, our choice. NB, you will have noted we have already gifted money and it was equal. If any our our kids were workshy, etc, trust my dear poster, they'd not get a penny and nor would they get anything if they asked. 

HTH

justworriedabit

Spendless said:

Son 1 & 2 might be married with 2 kids now but they could be widowed, divorced, have vasectomies reversed (if they've had them) or even stay with their wives and have a happy accident 9depending on wifes ages). Who knows what the set up will be at the point Grandad eventually dies.

For that reason I'd do one of the following options, leave Grandkids out of it altogether. Then when they parents inherit it's down to them if they wish to pass something on to the kids or leave a set  amount to each living Grandchild.

Whatever Grandad decides though, it's his money and none of his son's business. 

Grandad could change his mind, get remarried and hand everything over to his new wife and why not as it's his money.

Spendless

justworriedabit said:

Spendless said:

Son 1 & 2 might be married with 2 kids now but they could be widowed, divorced, have vasectomies reversed (if they've had them) or even stay with their wives and have a happy accident 9depending on wifes ages). Who knows what the set up will be at the point Grandad eventually dies.

For that reason I'd do one of the following options, leave Grandkids out of it altogether. Then when they parents inherit it's down to them if they wish to pass something on to the kids or leave a set  amount to each living Grandchild.

Whatever Grandad decides though, it's his money and none of his son's business. 

Grandad could change his mind, get remarried and hand everything over to his new wife and why not as it's his money.

Indeed. Though I was of the belief that a marriage invalidated a will (England) maybe I'm wrong, 

suejb2

Just my opinion. Split the will between the children not the grandchildren. What if child 3 goes onto have ten children or in fact none. It’s not upto grandad to accommodate the breeding capabilities of his children.

Pollycat

suejb2 said:

Just my opinion. Split the will between the children not the grandchildren. What if child 3 goes onto have ten children or in fact none. It’s not upto grandad to accommodate the breeding capabilities of his children.

And it's certainly not up to one of grandad's children to dictate what his Father should include in his willl.

Danny_G said:

Can this son say to his alive dad, for him in his will to include some money aside for incase he has children one day?

Shockingly presumptuous attitude.

Gycraig

I would tread carefully here, you can ask him for whatever you want, I however would be very angry if someone started trying to tell me what to do with my my money I had worked hard for all my life. 

No such thing as fairness in a will. He could decide to split it between 3 kids and Bob next door cause he waters his plants, it’s his money after all 

NaughtiusMaximus

Completely agree it's totally up grandad at the end of the day, but  (assuming no other beneficiaries) surely the fairest and simplest way is either:

• £x to each grandchild  with the remainder divided equally between children

Or

• Divide the estate into 2 pots, x% divided equally between grandchildren and y% divided equally between children

The first option was what my dad did, for exactly the reason that it would cover any as yet unborn grandchildren without having to re-write the will every time.