Talk to me about Wills...

[cjt110]

I have one. A belt and braces job that was drafted "in comteplation of marriage" to my DH and pre-DS.

I keep telling both my DH and DParents to sort out a will.

DH is married to me (obv) and we own a home together - both names on deed and mortgage. He has things like his car in his name, as have I. We have DS.

DParents aren't married. DM has her maiden name. They rent a property and other than furniture etc own very little.

In the above cases, what would happen id DH died before me or after me.

Also, what about my parents?

Oh, forgot to mention DF isn't my Father. He's my Mum's long term partner who have been together for 27ish years

If someone dies without a will their spouse inherits £250,000 and their children half of the remaining estate outright. The spouse retains a life interest in the remaining half and after their death the capital will pass to the children.

With your parents, without them being married or making a will, their children inherit everything.

It’s really important they either get married or make wills so that on the death of one, the other isn’t left destitute.

Sorry, I didn’t see, if he isn’t your father his estate would go to his own children or if none to living parents if any, and if none to his siblings and so on.

Making a will is not only about property it is also about your wishes generally.

If your will is pre-DCs you should update it to include them. It could be that you and DH die together in an accident, who do you want to look after DCs?

TonMine being all encompassing covers that.

Yes and I agree... It's not about assets. I don't care to inherit anything but I do want to know what people's wishes are after death...

Bequething an item to some one..

Funeral requests etc..

I just wish they'd bloody do it .

WRT my husband, our assets are less than 250k. Would I inherit all in that case or would it still be split with my son 50/50.

Do you and your DH own your house as joint tenants or tenants in common?

The first means "survivor takes all", the second means wills/intestacy rules apply to the property.

Minniemountain JTs

Well at least your house will automatically go to you if he dies first. The wishes and DC thing needs sorting though.

Friend and I who are both solicitors didn't make wills until we had DC.

Osiris the life interest for the surviving spouse on an intestacy was ended a couple of years ago.

My understanding when I had my will done is the expression of wish sets out wishes such as funerals, who might get personal items etc.

This is not part of the will and can be done and or amended at any time.

I could however be wrong