This is really easy to solve.
A will writer will sort this.
A man advertisers will writing locally to me, and I liked his scenarios / examples!
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So you haven’t got a Will or not had it reviewed in the past 5 years !
Did you know…..
When people remarry or meet somebody new they can potentially leave their estate vulnerable to sideways disinheritance where their children may not inherit their estate.
John and Jane met later in life after divorcing from their previous partners. Both have a child from their first relationship. John has Tina who is 18 and lives with her mum, Jane has Thomas who is 22 and lives with his partner. John and Jane now own their own home and intend spending the rest of their lives together.
John and Jane have a Will that leaves everything to each other and then to their children. Often, couples on second relationships only leave their estate to their own children or change wills after the death of a partner to leave to their own children. This is a typical scenario that many Wills are set up to do.
Sadly, John is involved in a car accident on his way to work and dies as a result of his injuries.
In this scenario, John’s estate would now pass to Jane including the house. Jane’s Will could potentially already exclude John’s daughter Tina or Jane could change her Will to leave her estate only to Thomas excluding Tina.
This scenario could happen even where the couple lived into their nineties and died within a few months of each other unless the Will has been written to offer protection from this.
A further example could be where Jane meets a further partner following John’s death.
Jane goes out with some friends one evening and meets Bob at a bar. Bob is recently divorced and has 5 children. Jane and Bob fall in love and Bob moves into Jane’s home that she once shared with John.
Some years later Jane is also involved in a car accident and tragically loses her life. In this scenario Jane has made another Will, similar to the first leaving everything to Bob in the first instance and then to her son Thomas. Bob would now receive the family home that John and Jane had worked so hard for with the children receiving nothing.
These scenarios can also apply where you have a child from a previous relationship but now also have children with a new partner.
Robert has a son, Neil, from his first wife. Robert has now married Stephanie and they have their own child, Laura. Robert and Stephanie have standard Wills that leave everything to each other and then their children.
Frequently couples in subsequent relationships tend to leave their estate to their own respective offspring or amend their Wills after the death of a partner to leave to their own children. In this case Robert has left his estate to both Neil and Laura equally but Stephanie has left her estate only to Laura.
In this scenario both have led a healthy life and live until their nineties. Robert sadly passes away through old age leaving everything to Stephanie.
Stephanie sadly passes away several months later leaving everything to Laura with Neil receiving nothing.
These scenarios are quite common and each time I discuss them with clients more often than not they know somebody where this has happened. I am able to offer advice on how you can prevent this happening and in particular how you can protect your share of the family home from sideways disinheritance so your share goes to your children or beneficiaries.
I am able to offer a no obligation daytime, evening or weekend appointment in the comfort of your own home to discuss these options and help you to protect your estate.
Call now or follow the link for more information and download your free guide or to book a no obligation home visit to discuss your circumstance.