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Can a Will be part typed and part hand written
Comments
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This is far too important - I should have said "grandchild" instead of "child"..
Which all goes to demonstrate how easy it is to get things wrong with DIY and why solicitors rub their hands with joy when the executors run to them for help.
For the sake of a few hundred quid go to a solicitor. Your executors and beneficiaries will thank you.Never pay on an estimated bill. Always read and understand your bill2 -
@Robin9
and others thanks all
I will type it up and roof read it and our children will as well and then I will get the digs
Thanks again, appreciated.
Doing this tomorrow0 -
Robin9 said:This is far too important - I should have said "grandchild" instead of "child"..
Which all goes to demonstrate how easy it is to get things wrong with DIY and why solicitors rub their hands with joy when the executors run to them for help.
For the sake of a few hundred quid go to a solicitor. Your executors and beneficiaries will thank you.
We did not get a penny and nor did we want any as we were set up but some of my siblings were not so i was happy for mum and dad to give them everything0 -
You can include a survivorship clause which would cover the scenario where you passed and you child passed within xx days. But you really should get you will done by a professional as it is easy to make mistakes or for individuals not to understand the meaning and affect of certain clauses.
This comment is from experience where my mother's will was changed by my sisters and one sister did not understand the impact of one of the clauses so it does happen, although that was deliberate as was the fact it was hidden from me.0 -
diystarter7 said:Btw, can the executors of the will be one or more of the beneficiaries of the will?
It's this kind of thing which makes getting it done professionally the recommended option.
Because your grandchild is currently under 18, their 'share' needs to be set up as a trust, and the will needs to appoint Trustees.
So from what Robin9 said:"In the event of xxxx predeceasing me I direct that xxxx's share shall pass to yyyy and any other children alive at the time of my death in equal parts and that aaaa and bbbb shall be executors of the Trust to be set up for their benefit"
"In the event of my child xxxx predeceasing me I direct that xxxx's share shall pass to yyyy and any other GRANDchildren alive at the time of my death in equal parts and that aaaa and bbbb shall be executors of the Trust to be set up for their benefit"
So you need to consider who you trust to look after your grandchild(ren)'s money - and if you don't name anyone then one of the obvious trustees would be your son's wife.Signature removed for peace of mind0 -
Why the big rush? a DIY will is never to be recommended apart from the very simplest of estates, and it sounds like the will you are cobbling together makes little change to what would happen under intestacy rules. Have you considered clauses to protect you children's inheritance should a surviving partner get remarried? Probably a lot of other what if situations you have not thought about which is why spending a bit of money on a solicitor drafted will is money well spent.
A professionally drawn up will might cost you a few hundred, an bodged DIY one could cost some of your beneficiaries their entire inheritance.2 -
Savvy_Sue said:diystarter7 said:Btw, can the executors of the will be one or more of the beneficiaries of the will?
It's this kind of thing which makes getting it done professionally the recommended option.
Because your grandchild is currently under 18, their 'share' needs to be set up as a trust, and the will needs to appoint Trustees.
So from what Robin9 said:"In the event of xxxx predeceasing me I direct that xxxx's share shall pass to yyyy and any other children alive at the time of my death in equal parts and that aaaa and bbbb shall be executors of the Trust to be set up for their benefit"
"In the event of my child xxxx predeceasing me I direct that xxxx's share shall pass to yyyy and any other GRANDchildren alive at the time of my death in equal parts and that aaaa and bbbb shall be executors of the Trust to be set up for their benefit"
So you need to consider who you trust to look after your grandchild(ren)'s money - and if you don't name anyone then one of the obvious trustees would be your son's wife.But that wording would give rise to including grandchidren from the other part of the family. Illustrating the need for legal language to get things unambiguous.If you leave money to your child, but the child predeceased you, then their share automatically goes to any children they have.But a banker, engaged at enormous expense,Had the whole of their cash in his care.
Lewis Carroll1 -
I believe it's common for a will to follow the blood line down. My Grandmother's will leaves 50% to my Mum and 25% each to me and my sister. In the event my Mum died first the will split her estate 50/50 between me and sis. If me or sis died first then our 25% was to be divided equally between our children. At no point was my Dad, Husband or Brother in law (Grandmother's son in law and grandsons in law) included.
Intestacy wouldn't leave anything to your daughter in law either, in the event your son died before you and you didn't leave a will, your son's share would go to his child/ren.
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This is what I intend to add.
Recap: I/we want the 50/50 split of the estate to be passed on to our two children. Both at adults aged just over 30 and one of them is married and has a son ie our grandson aged 3. If our predeceases us, we want our son's inheritance to be passed on to his son, our grandson aged 3.
The bit I intend to add is as follows: (thanks to all of you that have tried to help and to be clear I take full resposibility)
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In the event of my child (my son and his name in full) predeceasing me I direct that (my son's name in full) share shall pass to his son (our grandson's full name) A Trust to be set up for (our grandson's name in full) benefit until he reaches the age of 21
What do you guys think?
Thanks again.0 -
It's all very well saying you will take full responsibility - but, with respect, you won't be there .
Don't ignore the daughter in law and your second son may yet produce an offspring - I was 35 when I married.
Ps it has to be 18 not 21Never pay on an estimated bill. Always read and understand your bill3
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