How to make a will safeguarding my Childrens inheritance?

bostonerimus

Albermarle said:

and making provision to minimise inheritance tax with the use of trusts. 

Normally the main beneficiary in this situation, is the lawyers and their fees for setting up and administering the trusts. It is usually far more hassle than it is worth, and the IHT savings can be marginal.

This is unrelated to the OP's situation, where there is a genuine need to set up a trust.

Yes, I'm also dubious about the use of trusts for tax planning in most circumstances. They are useful though to make sure your money passes exactly how you want it too. Wills can be contested and they can be affected by remarriage.

Cus

If you have a Sipp then you could leave that directly to the children, in spite of what the will says I believe.

Ms_Chocaholic

Off topic but important nonetheless.  It may be useful for you to arrange for your husband to have PR for the children that aren't biologically his to allow him to make decisions for them in the future.  I'm unsure of the situation with regards to those children's fathers but it would hopefully allow all the children to remain together.

It's fairly simple it appears, see below

https://www.gov.uk/parental-rights-responsibilities/apply-for-parental-responsibility

Any queries, please post back or PM me.

Malthusian

Cus said:

If you have a Sipp then you could leave that directly to the children, in spite of what the will says I believe.

You can nominate the children and exclude the husband, but the trustees have absolute discretion and could in theory override your nomination on the grounds that the husband needs some or all of the money.

This is less likely if you specify in your nomination that your husband will have sufficient assets from your Will and/or his own resources.

It would also be possible to leave the money to a trust that works in a similar way to what the OP may intend for their own assets (providing an income to the husband and passing to the children on his death).