Financial stuff with new partner

[julia651]

What does everybody else do? I have 2 children, he has 3, all grown up. Should we split inheritance 50/50, then his kids get a third each of his half, and my kids get half each of my half. It's not my kids fault that he had 3 and I only had 2. Or should we split it 5 equal ways?
I have more equity than him to begin with, but he earns more than me.
I'm looking for ideas to think about and discuss with him! Help! It's such a minefield!

[ImperialBlether]

Split it 50/50, then you leave yours to whoever you want and vice versa.

But how new is new anyway?

[Confused1983]

If its a new partner why are you both thinking of combining wills? How long have you been together OP?

[rizlett]

Spend it all yourselves - no arguments.

[newbian]

If your kids are grown up, I don't understand why they should get any inheritance from their mum or dad's new partner. The partner hasn't raised them, they haven't grown up in a sibling relationship with the partner's kids, etc.

[julia651]

Been together about 8 years. We were both married for 20 years + before that. Just thinking about wills etc. Might well not be anything left anyway, the cost of care homes! And none of the kids are 'expecting' any inheritance anyway. And they'd all be quite happy if we just spent it. We just want to be fair with what is left over if any.

[MysweetAudrina]

My dh has 2, I have 1 and we have 2 together. It will left to them equally, split 5 ways. I would hate to cause any friction between the siblings when we die. They are all our children and are treated the same by both of us.

[Joysmum]

Depends what stage your relationship is.

I'm an only child. My dad had a large amount of equity in his home compared to my step mum who had little equity.

They are married and their assets are to go in 5 equal portions (I now have 4 step siblings).

Personally whilst I only am close to one of my step brothers, I am glad my dad sees my step mum as his equal and her kids are equally valued to me. I respect him all the more for it.

[Quartz2208]

Your half goes to your kids, his half to his. Easy

[nauticant]

Your half goes to your kids, his half to his. Easy

That would be my thoughts too. With sensible safeguards in place, for example a surviving partner can stay in the family home until they choose to move out, they die, etc.

Wills can be changed so there can be a situation in which one partner dies, leaves everything to the other partner, then the surviving partner makes a will leaving everything exclusively to their own kids.

[PookieDo]

I will get 25% of the total as shared with my one full sibling and 2 step siblings

If more siblings on either side I would still get an equal share, that's how they have done it and I suppose it is fair to us all at least

[PookieDo]

PP said about will changing - this was one of my queries about it. I think my stepmother would just change if if she inherits from my dad and cut out me and my sister so there is that risk I suppose

[Falconhoof1]

One of you will die first (sorry, sounds so morbid!) and leave everything to the other I would have thought? Then the surviving partner would split hopefully fairly, but I have experience (not me but cousins) of that not happening!

[Quartz2208]

If you have a house become tenants in common and leave your half to your respective children and give the other s life interest so they can remain there as long as they want

[Hellothereitsme]

My stepmother has changed her will now that my father has died. Everything is going to her sister. My brother and I are not being left anything. My mum would be so upset if she knew that the savings and capital on my parents house isn't staying in the family. Please get wills done properly so that this doesn't happen if you want your assets to go to your children.