Transfer Assets now to prevent claim on will.

GoldenOldy

No problem re asking. You raise a good point. If i was willing to take that risk though, would that pan out ok and acheive my goal do you think?
My wife has no family left at all,so not too worried re that scenario.

nom_de_plume

GoldenOldy said:

My wife has no family left at all,so not too worried re that scenario.

So what happens when her time comes? Would you then want your child then to benefit? 

GoldenOldy

Possibly, as it means we wont be suffering then in favour of them, if you get my drift.
The thing that irks is we have led a frugal lifestyle and worked 6 days a week for 40 odd years, so although i’m not bothered if he gets money from us when we no longer need it (ie dead), I dont want him to benefit whilst we do need it. If you understand my ‘logic’/feelings here. 

Keep_pedalling

Well as you are happy for him to inherit once your have both died, you could always split the tenancy and leave your half to your son with a life time interest for your wife via a immediate post-death interest trust. That will certainly avoid a challenge as you will be leaving him your share of the house but he won’t actually get his hands on it until your wife dies.

In your current wills who inherits if you are the last to go?

YoungBlueEyes

Marcon said:

in_my_wellies said:

Someone I know was in a similar situation. The solicitor advised him to leave the estranged child a nominal £50 and a worthless but 'sentimental' vase in his will so that said child couldn't challenge the will by arguing that he had been mistakenly left out. 
He bought a vase from a car boot sale for 20p 

Opinions differ on the wisdom of such a move. There seems to be more of a consensus about leaving some sort of side letter setting out exactly why someone has not been left anything in the will. In either case, asking your solicitor for their views would make a lot of sense.

Just on this point. When father died, a couple of family members ...became troublesome.... over what they had been left (they wanted much more). When I was making my will I asked on here if I should include these people and leave them £1 each so they couldn't claim to have been left out. The answer was not to include them but explain in a side letter to my will my reasons for that. My solicitor agreed. 

GoldenOldy

Pedalling…At the moment as it stands before the review ,if both of us go its left to him.