So - Im posting very deliberately here - but please be gentle.
These are 2 am thinkings......
I am about to change my will as buying with DP.
We will own our new home 50:50.
I have 2 DS - Both of whom are doing ok.
DS1 Is just completing a Degree Apprenticeship London - minimum minimum wage. He will get a 1st in a BA. He has worked so exceptionally hard and has been offered a full time position with the company that has paid for his apprenticeship. It feels that he is probably set up for life - has a lot of opportunities to use his degree world wide (same industry as me so I'm confident in his opportunity). He will have no student debt. I currently give him £200 a month and will continue to do so for next few years.
DS2 is about to go to university - STEM, but can not get an apprenticeship in the area he wants to work. Has worked exceptionally hard to get to this stage (not through the formal routes) and I fully support his choices. He will have a full student loan - but minimal support loan - I will be giving him £300 a month once he starts uni in September.
So my question. when I die my estate will go to the boys. This includes 50% of a substantial house and my life insurance and pension. Currently this equates to around 700k. (350k in property and the rest in pension and life insurance).
So my question and it only occurred to me last night very late whilst I couldn't sleep..... would it be fair or reasonable to write into my will that everything is shared financially 50:50 once my youngest student loan has been paid off?
I can't decide if this is fair or not.
YABU = 50:50 split no consideration of student loan
YANBU = give the advantage of paying off the loan.