Inheritance

[NowWeAreSuckingDiesel]

A member of my husbands family just passed away. 99! Great innings. Not a huge estate, but wants to leave each great grandchild £1k. I'm currently 3 months pregnant with my second, and my daughter is a year old. The foetus isn't getting the money and I can see it from both sides. That relative didn't meet (but did know about) the new baby and the estate can't make provisions for every potential but unborn baby obviously.

I want to match the £1k for this baby from my husbands inheritance but my husband doesn't agree. He says just over time things will probably even up and if not, then that's the way the cookie crumbles. He is a very black and white man, and isn't very money orientated. If his siblings had been left money he didn't have, he genuinely wouldn't care. Me and my siblings have always grown up in a very "I want what you've got" attitude and my mum has always been quite greedy. I'd hate for this money to come between my kids but then I'm conscious I want them to grow up in a household with my husbands attitude to money rather than my family's.

So aibu to want to put my husbands £1k inheritance into a bank account for my unborn child because the other one has been left the same amount?

I know there are lots of bigger and more important things to be worried about...

@Disfordarkchocolate nobody is being deprived. OP said the will stated £1K to each Grandchild and to each great grandchild. I would include the grandchild currently in the womb as one of those people.

The residual beneficiaries would be being deprived. There is not an endless, stretchable pot of money that grows with each child, it is finite and taking more takes away from someone else.

No, it's not family money. It's your DH's left to him by his granddad as stipulated in the will. but clearly the OP and her dh are the kind of couple who look at all money coming in to the family as being there fore the e many couples do. In the same way that one person's salary isn't "their money".

That ignores the law though.

In a marriage money that comes into the marriage (such as salary, as the given example) does belong to both people equally.

Except inheritances, the legal principle is that inheritances are outside of the marriage. Obviously people can share their money how they like, but legally, even in marriage, inheritances belong to the person to whom they were bequeathed and that remains that way as long as they are not intermingled with family money. So, you could inherit £100k, put in an account with your name only on, and it would have to be ignored in a divorce. However, if you used it towards a joint property or put it in a joint account, it would then become family money.

:)

It could include grandchildren "en ventre sa mere" at the time of the death? Have you checked? Then your unborn child would be included and will receive £1,000 (well, you will to hold on trust until the child's majority).

£1k ris going to be worth almost nothing by the time they are old enough if you leavd in in a bank account. Be best thing to do would be to invest £1k each. The next best thing would be to spend it on your DD now. But don’t just leave it in a bank account. Complete waste.

I feel like I don't want to ask as if the answer of no, I don't want anyone to think I'm pissed off they aren't included. I've been asked if my child has a back account and nothing has been mentioned about the unborn one so that's probably my answer...

You are correct op

My unborn child inherited. It really depends on the will wording. I was pleasantly surprised as I asked the solicitor about whether I could do a variation so a portion of my share could go to the unborn child to even things up. I was pleanstly surprised to find out about en ventre sa mere as referenced by another poster which meant by unborn child was included.

I would set up a bank for the unborn baby and make sure they had £1,000 at 18. A monthly direct debit of £4.63 would ensure that amount. I would never ask my DP to give up his inheritance, what if you have more than 2 DC?

There will be unevenness in how much different kids get (due to chance, relatives, godparents etc) so we try and save to make it up to the ones that get less.

That way none of them is disadvantaged but things are fair to them (ie they have a roughly level playing field).

We try and record all the birthday money etc each gets

NowWeAreSuckingDiesel Then I misunderstood your point.I apologise but I've seen years of problems caused by questioning wills. But it is up to your hucband to decide what to do with his inheritance. If he disagrees with your plan I think you should accept it because that is where long term disaggeements start.