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Shall I split DDs inheritance of baby 2 comes along?

427 replies

AliceTheCamelHasFiveHumps · 20/03/2021 18:01

DD is about to inherit £10,000 from my Dad.

All grandchildren were left the same amount.

We are trying for a second child. It's IVF and we have only one chance. If second child does come along. Do you think I should split DDs inheritance with her?

OP posts:
PleaseReferToMeAsBritneySpears · 20/03/2021 18:02

I would

AntigoneLost · 20/03/2021 18:02

I wouldn’t, but I’d try and save a similar amount for DC2 myself

Disfordarkchocolate · 20/03/2021 18:03

Legally, you can't. You can ask for the will to be varied but you can't deprive your child. Please take some legal advice.

Quartz2208 · 20/03/2021 18:03

what did the will actually say

And are yuo getting in trust for her - as if you are you cant just split it

Hoppinggreen · 20/03/2021 18:03

No I don’t. You only have one child at present (hopefully that will change though in the future)
In any case if your Dad left the money to his GC directly you won’t have the option to split it, it’s nothing to do with you.

skeggycaggy · 20/03/2021 18:03

I probably would.

Mrsbclinton · 20/03/2021 18:05

Yes I would split it equally

GintyMcGinty · 20/03/2021 18:05

I would. Put £5,000 in a savings account for your first child and the other in a savings account in your name. When second child arrives set up a new account for your new child.

DinosaurDiana · 20/03/2021 18:06

No, it was left to your DD.

HeronLanyon · 20/03/2021 18:07

No it is your dds inheritance. As op said either save for second child to balance it or recognise the disparity in your own wills.
Totally get why you would want to do this (and could do it) but legally this is not your money to take away from your dd.

Shieldingending · 20/03/2021 18:07

I would want to, but I’m not sure you can... the money will presumably be held in trust for your child. When I had an inheritance I received this age 18 from the solicitor who had held the money until I was of age

OverTheRainbow88 · 20/03/2021 18:08

I would if legally allowed to.

Hailtomyteeth · 20/03/2021 18:08

Absolutely not. Do not deprive your dd of her rightful inheritance.

CMOTDibbler · 20/03/2021 18:09

No, its her money, not yours to give away

Love51 · 20/03/2021 18:12

@AntigoneLost

I wouldn’t, but I’d try and save a similar amount for DC2 myself
This. That £10k is dd1s. You can't give it away, any more than you could just keep it.
PleaseStopExplaining · 20/03/2021 18:12

It would be illegal.

BillieSpain · 20/03/2021 18:13

No.

Angrymum22 · 20/03/2021 18:13

Are you inheriting anything? If it is significant sum why not give possible new baby 10k from your share.

PanamaPattie · 20/03/2021 18:14

No. It's not your money.

Bagelsandbrie · 20/03/2021 18:14

This is why I think grandparents should never leave money directly to their grandchildren, it should always pass directly to their own children (expect in special circumstances). We had a very similar situation with my Mum - unfortunately there was little we could do about it (apart from try and save for ds!)

changingnames786 · 20/03/2021 18:16

Similar happened to my DH and his siblings, 3 of them when the Will was created but eventually 4. I have absolutely no idea of the legality of it all or how it was done but an amount was taken from the elder 3's pots and created a 4th for the youngest child. It was all a bit odd though as each child had a different amount decreasing from eldest to youngest.

If it was me and it was possible, yes I would try to split it.

SpacePotato · 20/03/2021 18:18

No.
Did you not inherit anything?

If you have a 2nd child, open a savings account

changingnames786 · 20/03/2021 18:19

Actually come to think of it I think the money may have been left to MIL and perhaps was only split for the 3 by suggestion rather than direction so maybe that's how she did it.

As a PP says I don't agree with money going to grandchildren, one generation down only.

Dasher789 · 20/03/2021 18:19

I would if possible but if not, try and save up £10k for dc2 so they both have the same start when they are able to access it

lalafafa · 20/03/2021 18:21

@SpacePotato

No. Did you not inherit anything?

If you have a 2nd child, open a savings account

Take it out of yours
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