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Original poster

Inheritance Opinons

31 replies

ArnoldBee · 22/08/2018 07:55

So me and my husband have 3 children altogether- 2 each. My eldest with my ex, his eldest with his ex and a child together. We're not millionaires however our families wealth comes from me and my side of the family including the house we live in. With this in mind should we leave our estate equally between all 3 children or should my 2 have greater shares due to the origin of the money?

OP posts:
Idontmeanto · 22/08/2018 07:57

So much will depend on your relationship with your step child.

Bezm · 22/08/2018 07:59

Me and my husband have 2 DDs, both mine, 1 his.
Our wills leave half shares to them.
The situation you're talking about would only occur if your DH dies before you I assume? Unless your money is in joint names. Do you see the stepchild as your own? Does their other parent have money? It's really your decision.

HoneyWheeler · 22/08/2018 08:00

Obviously it's entirely up to you, but I would split evenly between all three. Money is like manure, it works better when you spread it around.

Bezm · 22/08/2018 08:00

I just saw about the house. You could leave the house to your children but give your DH the right to live in it til he dies, the. It goes to your children?

MairzyDoats · 22/08/2018 08:01

Unless you want major rifts and resentment in the future I'd split it equally.

bengalcat · 22/08/2018 08:25

Kindest would be to split evenly - however as you're married I'd check with a solicitor what would happen if you die first - I'm no lawyer but my overall impression is when married everything is a joint pot so to speak wrt assets and debt

Labradoodliedoodoo · 22/08/2018 08:32

Do you see yourself as a proper parent to step child?

Labradoodliedoodoo · 22/08/2018 08:32

How old?

Silentnighttwo · 22/08/2018 08:35

Will your step child be likely to inherit anything from their DM?

RayneDance · 22/08/2018 09:20

Interesting so your step dd could inherit from you and her mum and her mums family whereas your dc will only inherit from you.

Will his ex also be including your dc in her will, does she feel as close?

Feltcushion · 22/08/2018 09:56

I just saw about the house. You could leave the house to your children but give your DH the right to live in it til he dies, the. It goes to your children?

If they are married then house is a joint possession unless it was in trust or a separate legal agreement was in place pre- marriage.

Original poster
ArnoldBee · 22/08/2018 10:02

My step child will not be inheriting any money from her mother or father's family as they just don't have any. Step child for the past 8 years has stayed every weekend which is now eow as per her choice. It is likely that my hubby will die before me due to his health but you never know...Just to show how things are I pay for everything when she's with us including food, clothes and activities. We are going on holiday next week which my dad has paid for which includes step child but not my eldest as he has chosen not to come with us. So all in all step child really doesn't do that badly from my family.

OP posts:
Aceinthehole · 22/08/2018 10:04

Your last post has an air of resentment to it, is there more to this?

Ignoramusgiganticus · 22/08/2018 10:05

What does Dh think and how old is the child. Obviously the answer would be different if the child is 8 or 18.

Original poster
ArnoldBee · 22/08/2018 10:10

Husband thinks she shouldn't get anything and it shoukd just go to my 2...

OP posts:
RayneDance · 22/08/2018 10:10

Things change how would you feel if step dd child dm won lottery?

Etc etc.

RayneDance · 22/08/2018 10:11

Why does you dh think that!

Original poster
ArnoldBee · 22/08/2018 10:12

Kids are 20, 10 and 6 however due to his medical conditions no-one knows how long husband will around for - it could be today or 40 years he has left.

OP posts:
RayneDance · 22/08/2018 10:16

Money translates as love in these situations.

Maybe you could work out a %. But may be less than your dc will it be enough? Will you still see her, think of her as a daughter if, when your dh passes away and you may meet someone new?

Very tricky.

SD1978 · 22/08/2018 10:22

It's always hard. But your children do not have the other family to consider. So if you do 50/50 I doubt his ex wife is going to do the same. I wouldn't split it equally, unless his child is also in your full time care.

Original poster
ArnoldBee · 22/08/2018 10:25

Husband doesn't think smart choices will be made with it and it may end up with other family members. My dad's will has a 40/20/40 split in it amongst the kids. I love my step child very much however I have always been respectful that I'm not a parent.

OP posts:
HollowTalk · 22/08/2018 10:30

If he thinks bad decisions would be made, then I would leave my money to my own children, with perhaps a token amount going to my step-child.

CarrotVan · 22/08/2018 10:51

You could leave them each a share in trust with only the income until they are 30 unless the trustees agree to any capital expenditure.

RayneDance · 22/08/2018 11:07

Well I would never leave her nothing. Some ££ a good amount, and perhaps a special piece of jewelry too. Or something in the home she likes?

Ignoramusgiganticus · 22/08/2018 11:53

Put a percentage in that they can't access until age 25 or so, to avoid them pissing it up the wall at 18.

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