To suggest all couples, especially those with children

[gk6277]

Should make sure they each have life insurance, and ideally a will, as I am worried some of the people dying from coronavirus could be leaving behind a financial nightmare for their loved ones.

Yes I agree. I have a young DD and don't have a will (not does my husband) and I am now planning to get an online one done ASAP. We do have life insurance though. If anything were to happen to us, I wouldn't want my DD being stuck with family not knowing what on earth to do with her!

We have life insurance and recently got our wills done. On DH’s birthday 😀😀

I’m a lone parent, I have had life insurance, a will and a nominated carer for my son for a while now. But yes, even more important right now.

Definitely NBU. We were just discussing this and it's on our list for Saturday.

If i die, everything goes to my husband, and vice versa. Why do I need a will?

We have one child and fuck all money, no mortgage, old car, no debts.

I have funeral insurance to cover me when I pop, so does DH.

Oh, do you mean who gets the kid?

Also consider a power of attorney. When you hear that being on a ventilator causes problems, it's worth doing as applying after the event is a large ongoing cost.

elQuintoConyo that’s not how it works if you have a child and die without a will. If you want everything to go to your husband, you need to make a will. Google the rules of intestacy.

Yep we need to do ours. Just bought one online with Which? Wills for £129.50, joint mirrored will. Offer runs out end of April. I'm told it's a good deal, my FIL found it for us. Just need to do the thing online ASAP.

@elQuintoConyo what happens if you both die?

Who do you want to look after your kid? Have you asked them and have they agreed?

Do you want them to be able to access any money left to look after your kid properly?

Although depends on the value of the Estate:

“The husband, wife or civil partner keeps all the assets (including property), up to £270,000, and all the personal possessions, whatever their value.

The remainder of the estate will be shared as follows:

the husband, wife or civil partner gets an absolute interest in half of the remainder
the other half is then divided equally between the surviving children
If a son or daughter (or other child where the deceased had a parental role) has already died, their children will inherit in their place.”

I can't get life insurance because of my chronic illness. It sucks. Luckily DH has it. My worry is that I die before he does.

We were going to get wills done but there isn't really anyone who could have our children. Grandparents too old (heading towards 80) so would worry about children settling and then them dying too. Uncles and aunts have own children or live far away from everything they know.
We do have life insurance though but got that after we married.

Yes we have been considering all of these things, never thought we would have to, quite so suddenly and all at once, but there it is..😟

Some of us can't get/afford life insurance due to the conditions that have led us to shielding...

I thought being married meant your partner and child got your assets! My financial advisor or solicitor (can't remember which) said it'll be a waste of my money making a will for this reason.

We already had one in place. Statistically we (husband and I) are more likely to be killed on the roads than die of this virus. It’s for that reason we have one, not because of the virus. Never too young for a will.

You are right op. Its something I must do.

I had excellent death in service benefit in my former employment, so didn't bother with life insurance. I started a new job in March and have been meaning to sort this, but haven't yet got round to it.

Are there any policies that you can sign up for online, without having to talk to some stupid call centre salesperson. And without the need for a medical, obviously, as I can't go out for one right now.

Everyone should have a will it makes it so much easier - setting out who you want it to go to (and in england only the first 270k goes to a married partner) who children should go to etc. They arent that expensive and it makes it all so much easier.

Should add, I tried to get quotes in March, but they wouldn't just email me a quote, they insisted on doing the hard sell on the phone!

Mortgage is paid off so just want to ensure that family have enough for all the other stuff if the worst should happen.

We do have fantastic life insurance though. I feel very reassured that either of us will do okay and our son will not go without monetary wise.

How do you get someone to witness your signature at the moment?

elQuintoConyo, if you die at the same time, in a car accident etc, who is your NOK? Do you fully trust them to sort everything out? Is there no pieces of jewellery that you'd want keeping for yoir child?

If he were to be paid criminal injuries/insurance for the loss of parents, who would manage that?

If i die, everything goes to my husband, and vice versa. Why do I need a will?

After your death, someone needs to act as executor of your estate, to make sure that what you decide actually happens.

It's a pretty thankless task which is made so.much.easier if there is a will. It seems right to make their task as easy as possible and that, I'm afraid, means having a will.