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Original poster

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:
countrygirl99 · 20/03/2021 18:23

If you are inheriting you takeout out of yours. Your DDs inheritance is not yours to give away, it would be theft.

SleepingStandingUp · 20/03/2021 18:23

I mean in theory yes, absolutely. But I'm not sure you have the power to split it up just because you've had further children, legally speaking.

I think you either have to use any of your own inheritance, put away what you can, explain to eldest when she's old enough to be of age, reflect it in any personal wills

Chloemol · 20/03/2021 18:24

You can’t, it was legally left to your daughter. However harsh that maybe that’s what the situation is. What will you do if one of her cousins tells her later on? And you have shared the money

What would you do if you because pregnant and it was twins? Share it three ways?

Try and save the money for your second child

ThroughThickAndThin01 · 20/03/2021 18:24

Take it out of your inheritance. It’s not fair to your dd otherwise.

GloriousGoosebumps · 20/03/2021 18:28

Absolutely not. The £10k is legally your daughter's and will be held in trust for her. I don't understand why you would steal from your daughter, and it would be stealing. Just open a savings / investment account for your unborn child and by the time he/she is 18 there should be a good sum of money in the account.

Diesse · 20/03/2021 18:30

No! It’s her money, it’s not yours to gift. Save 10k if you want for a future child.

SoWhyNot · 20/03/2021 18:30

No, just save the same for another child and if you cannot afford it then perhaps you could make an adjustment in your will if there is likely to be anything you leave when you die.

WhySoSensitive · 20/03/2021 18:35

No.
What happens if you have a third or a fourth? Do you just keep splitting and splitting?
It was left to you me DD so keep it that way.

TwoHundredThousandTimes · 20/03/2021 18:37

@Disfordarkchocolate

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.
this.

save the money yourself or if that is difficult then let it go and accept that this is how the cookie crumbles sometimes.

TwoHundredThousandTimes · 20/03/2021 18:38

(Because you cannot do anything with your child's inheritance because it is not your money).

Candyfloss99 · 20/03/2021 18:40

Don't be silly it's not your money to split.

Georgyporky · 20/03/2021 18:42

It's her money, not yours. You can't give it to anyone else.

It will probably be held in trust by your DD's solicitor, & given to her when shes 18.

Redjumper1 · 20/03/2021 18:43

Can't split it as it's not yours to split.

Purplecatshopaholic · 20/03/2021 18:44

No, of course not. It’s not your money. If you want to make a provision for a future child then do so from your own money surely.

GreyhoundG1rl · 20/03/2021 18:45

It won't be given to you, to dispense as you see fit.

bookworm29x · 20/03/2021 18:46

No it's illegal. Not to mention you'll have one pissed off DD when older.

willibald · 20/03/2021 18:46

It's not yours, it was willed to her.

Brefugee · 20/03/2021 18:46

That would be stealing off your own daughter. Don'T do it

UntilYourNextHairBrainedScheme · 20/03/2021 18:47

No, do not take your DD's money to give to her sibling (or siblings - whet if your IVF results in a multiple birth? Does DD involuntarily give away £6666 and only keep £3333 of the 10k left to her?)

You do need to make sure siblings launch into adulthood with similar pots, but it needs to come from you (your inheritance or you save up to give them the same at age 18).

Can you imagine the resentment if your eldest found out you'd taken her inheritance? She would find out if her cousins each have 10k and she only has 5 or 3...

gottakeeponmovin · 20/03/2021 18:47

I would

TwoHundredThousandTimes · 20/03/2021 18:49

@gottakeeponmovin

I would
even though it is illegal?
nimbuscloud · 20/03/2021 18:50

Echoing what others have said - you can’t. It is her money, not yours.

Jaxhog · 20/03/2021 18:51

Absolutely not. It isn't your place to do this (it would be illegal in many countries)

Paquerette · 20/03/2021 18:51

How old is your DD? If she's very close in age to your potential new DC it's a bit different to your DD being already teenage for example.

IMO if very close in age, you split the money, but pay into both accounts so they both end up with at least an extra £3,000 each paid in by you by the time they inherit.

If your DD is already teenage, she inherits the full amount, and you set up a separate savings account for your new dc.

DavidsSchitt · 20/03/2021 18:52

No way! It's not yours to give. You can't steal from your child. Unbelievable