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AIBU?

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Original poster

What to do with house-inheritance?

106 replies

Inheritancequery1 · 06/06/2025 19:56

I’m buying a house with my DP. I have dc from a previous relationship. On my death they will receive practically 800k in insurance policies and death in service. So this leaves the question…do I buy the house as joint tenants or tenants in common? I’m so torn 😅 help

OP posts:
Original poster
Inheritancequery1 · 06/06/2025 20:16

ForLovingAquaSheep · 06/06/2025 20:13

Surely most people have similar death in service. They're normally held in trust by employers on before of the beneficiary so wouldn't form part of your estate.

Why would you assume you would die working g age? Can't think I've ever given it much thought. If I do theyll have a huge cash sum from in insurance so tax would be an irrelevance.

If I don’t die while of working age then that money is not there and they get 300k which to be fair if I’m retired will mean they are in their 20’s and they are raised so 150k each is ample I suppose.

OP posts:
Soontobe60 · 06/06/2025 20:13

You’re not married so own it as TIC in direct proportion to what each of you contribute. You can place your share in trust allowing him to remain there until either he cohabits with a new partner, or dies himself.

ForLovingAquaSheep · 06/06/2025 20:13

Surely most people have similar death in service. They're normally held in trust by employers on before of the beneficiary so wouldn't form part of your estate.

Why would you assume you would die working g age? Can't think I've ever given it much thought. If I do theyll have a huge cash sum from in insurance so tax would be an irrelevance.

Original poster
Inheritancequery1 · 06/06/2025 20:12

We’re not married so I don’t know what is best tax wise etc? I suppose the solicitor can advise

OP posts:
Original poster
Inheritancequery1 · 06/06/2025 20:03

Whyx · 06/06/2025 19:58

You seem to have a potentially large estate if you DH has similar assets. You probably need some professional advice. Trust can be utilised depending on how the title is held so that's a factor to consider. Are you leaving the house to eachother on first death? If not then you have to split the title.

My death in service is x10 salary and I have a life assurance policy that is 300k. As it stands it goes in trust to them.
I don’t want to leave my DP homeless in the case of my death.

OP posts:
Whyx · 06/06/2025 19:58

You seem to have a potentially large estate if you DH has similar assets. You probably need some professional advice. Trust can be utilised depending on how the title is held so that's a factor to consider. Are you leaving the house to eachother on first death? If not then you have to split the title.