My husband and I currently don't have Wills. To be honest he has been reluctant to discuss but he has agreed we should do something. We have asked my sister if she would take our two sons (she has two sons of her own) and she has said yes. She lives with her long term partner (they have been together longer than us and we've been married 10 years), happily I believe, but they are not married. I am not sure whether they own their house as joint tenants or tenants in common, or even if that is important to this question but trying to give background.
My main concern is to make production for our sons if (God forbid) my husband and I both died. But if my sister had to take on our two boys that would have a significant impact on her and her family (partner and their boys). They currently live in a 3 bed house in an expensive area. I imagine they'd have to move house if they gained two children. So I'd like to somehow 'compensate' them, for example by enabling them to buy a bigger house. But I don't know how to do this in a way that is fair to everyone. We are not particularly wealthy and our only real asset of any worth is our house. Due to bonkers property price rises where we live this is currently worth about £650k. Property prices where my sister lives are roughly similar.
I have called a local solicitor and initially asked if this is even something they can advise on - the options and ways of doing this. The secretary didn't know and is going to call me back.
I am not asking for legal advice as such, but I just wondered how others have managed this? Have you left the guardian a lump sum, or nothing, or some other arrangement?
Thank you.
Please or to access all these features
Please
or
to access all these features
Mumsnet has not checked the qualifications of anyone posting here. If you have any legal concerns we suggest you consult a solicitor.
Legal matters
If you have a Will and you have children, have you left money to their Guardian and/or how have you provided for them?
12 replies
CorBlimeyTrousers · 19/04/2016 13:48
OP posts:
Please create an account
To comment on this thread you need to create a Mumsnet account.