Money in the event you both die at the same time?

Keep_pedalling

Although few of us on here (including me) recommend making a DIY will  you could do so as a stop gap measure just to cover the unlikely situation of you both dying on this holiday, but if you do that you need to follow that up by making a proper one on your return.

Although the risk of this happening are small the consequences of it doing so are serious.

BungalowBel

If you are so worried about what will happen to your money and possessions in this scenario, then make a proper will with a solicitor.

As others have said, a DIY one would do as a stopgap, but get a proper one ASAP.

Misha96

noitsnotme said:

Misha96 said:

B0bbyEwing said:

Just a curiosity / what if question really.

OH & I don't have any wills in place. No kids either. Basis of this was, Googling seemed to say that if I die then it all goes to OH & vice versa but with us very soon going in one of those big birds in the sky it made me wonder - what if it falls out of the sky & we die at the same time?

Statistically speaking yes I appreciate that doesn't happen so often, but let's change it a little & we're driving on country lanes and some idiot who "knows this road like the back of my hand (you've heard it before!)" comes flying around a corner at 90 straight in to us & again we die at the same time.

Point being it doesn't stop me wondering - what if.

So what happens to everything in that event? Personal possessions and money - money in current accounts, savings accounts, investments such as S&S ISAs, SIPPs, workplace pensions (OH has your standard workplace pension like mine but also currently is part of the NHS pension scheme).

Where does all that go?

I have 1 parent, 2 siblings & of that one sibling has 2 kids.
OH has 2 parents, 2 siblings & of that one sibling has 3 kids. 
All kids under 18. All siblings older than 18.

Again - we have NO will in place, and also no time now to sort one with the time that's left between now & departure. 

I'm assuming you are both terminally ill and don't have long enough to see a solicitor, though Macmillan can be very helpful in such circumstances. A "home brew" will left with executors is better that this situation.

Time left between now and departure is referring to their flight!

Oh crikey! 🤣 Even so, my advice holds until they get home and spend any money left over from their hollies on seeing a solicitor.