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Blended family & Inheritance. How the hell do we make it fair?

163 replies

WeWereDoingSoWell · Yesterday 16:27

Me and DH have been married for 5 years, together for 12. We have 5 children between us. I will try to make this as simple as possible whilst including all the relevant information.

I have three children from previous relationships. He has one child from a previous relationship. We have one child together.

DD1 : her dad is involved and she will probably get a small inheritance from him. She was older when I got with my DH and doesn't really view him as a father figure

Dd2 & dd3 : they have the same dad (not my DH) he is not involved, is in prison and they won't get any inheritance from him. They were young when I got with my DH and they think of him as their Dad.

DHs daughter : her Mam is involved and she will get inheritance from her (not a massive inheritance but likely to be bigger than DD1s inheritance from her father)

DD4 : mine and DHs daughter together.

How do we make our will fair? Would you just split it 5 ways or do we make allowances for the fact dd2, 3 and 4 won't have any inheritance from anyone else but DD1 and SD will?

Do we split our inheritance in two (mine and his) and then split it between our children? So mine would be split 4 ways and his 2?

Hopefully this won't be an issue for a long time yet but I don't want to leave things until we're old and the kids will all want to have their own opinions.

Any advice welcome

OP posts:
Tulipsriver · Yesterday 19:56

Divide it equally. Any inheritance from outside your family unit is irrelevant and completely outside your control. Would you leave one less if they married a wealthy partner? Its feels completely the same to me.

Seagulldancing · Yesterday 19:56

As long as whoever dies last can't change the wills to leave everything to their kids, split it all evenly. Its the least unfair option and you can't control want other inheritance DC will receive.

BananaPeels · Yesterday 19:57

LibraRising · Yesterday 19:54

If he hasn’t done it after 12 years together and 5 years married, it sounds to me like he’s just paying lip service.

My friend’s dad adopted her 6 months before she turned 16 after being in her life for 15 years! It is a big decision full of legal consequences so it isn’t something that is taken lightly and done overnight. Doesn’t mean he doesn’t see them as his own children.

personally I think a family is made by actions not paperwork. I can’t imagine how the middle 2 would feel if the man who they saw as their dad said he didn’t love them enough to consider them his daughters.

MsAmerica · Yesterday 20:00

Personally, I'd take into account that some might inherit elsewhere, but my main advice is that you do it any way you please (remember, you can always revise).

And the kids, regardless of what they may imagine, are NOT allowed to have opinions, or at least not allowed to badger you with them. I suggest you don't even bring up the subject..

TheKeatingFive · Yesterday 20:02

You talk to a solicitor to see how it’s handled re house/assets when one of you dies first.

You decide where your share is going to go.

He decides about his share.

I don’t think ‘fair’ really comes into it. It’s a complicated set up with external factors you can’t control.

Minasama · Yesterday 20:03

You are massively overthinking this.
You can’t rely on what any of the kids get from other sources so you divide everything equally between all of your children.

Autumn38 · Yesterday 20:04

Just split it 5 ways. That is the simplest way and the implication is that you see all five children as equally important to you as a couple. Although it might end up financially unequal it will feel the fairest emotionally and that is what will last.

you can’t make their finances fair - what if the one that looks to inherit least actually ends up marrying a millionaire, for example? But they will always remember if all 5 are treated equally and love you for it.

Nothavingagoodvalentinesday · Yesterday 20:05

I know it is complicated and there are several ways of doing it but my preference would be for splitting it 5 ways. There’s no guarantee that the children will find this totally fair but I think it the least unfair option.

Pumpkintopf · Yesterday 20:05

You each take your own share and then split that between your biological children

Hankunamatata · Yesterday 20:08

Id split it equally between all kids. Make sure you have decent wills. Stating how inheritance is to be split.

Danger in leaving different amounts is that your saying you prefer one child over an other

Specialagentblond · Yesterday 20:08

Just spend as much of it as possible a
and split the rest.

PrettyPickle · Yesterday 20:09

I'm a stepmum and my stepchildern have stepchildren.

Once you start trying to "equalise" for what children might inherit from other parents, grandparents, step-parents or future spouses, it quickly becomes unmanageable in my experience and you leave yourself open to lots of heartache.

The biggest problem is that those future inheritances are uncertain. A parent might remarry, need expensive care, lose money, fall out with a child, or simply change their will. Basing your own estate planning on assumptions about someone else's future decisions can create a lot of complexity and, ironically, unfairness. And what do you intend to do....everytime someone loses money or has a fall out, are you going to re-write your Will to try rebalance things? It sounds way too impractical to me.

The question I'd ask is: what do you and your husband consider your family to be?* If you both regard all five children as your children, then a simple five-way split is easy to understand, easy to administer, and difficult to argue with later.
If, on the other hand, you each want primarily to provide for your own biological children, then splitting your estate conceptually into "your half" and "his half" and distributing from there is also perfectly reasonable. But you would need to own your house as tenants in common for this approach. But that can create very different outcomes, particularly if most of the wealth was built jointly during the marriage.

What often causes resentment isn't unequal amounts, it's children feeling that they were valued differently. DD2 and DD3 see your husband as Dad; if they received substantially less than some of the others because of biological links, they might understandably find that hurtful. Equally, his daughter might feel excluded if she is treated differently from the children who live in the household.
In my head, you have to appreciate that you cannot legislate for what other people may or may not give. You need to leave them out of the equation.
You can only decide what you want to happen with your assets. Everything else is speculation.

For a blended family, simplicity has a lot going for it. A clear will that reflects how you view the family today is usually better than an elaborate attempt to compensate for inheritances that may never materialise becasue it leaves your Will open to be considered as a reflection of the value your place on each of the beneficiaries of your Will and that could be very hurtful.. And what if you only leave little Johnny £10 because his bio Dad is minted and its expected he will inherit it all, and then bio Dad goes bankrupt, depends to live out his remaining years on a continual cruise or he remarries and before he sorts his finances, he pops it.

The real complexity is usually not the final split, but ensuring the surviving spouse is protected while also guaranteeing that all intended children ultimately inherit. Make sure you get your Will done professionally by a lawyer.

What anyone else may or may not leave them is none of your business and not within your control, its not a certainty and it may change.

I can't legislate for what other people may or may not give, they could lose the money they intend to leave them, to care home fees or they may sign up for a year long cruise and spend it all. One of the kids may land a really high paying job and another maybe on the breadline. I can't assume I will be around or have mental capacity to keep changing my Will to reflect other peoples life events.

I know that I want anything I have left to go to my stepkids and step grandkids fairly and what I leave is up to me. My money, my valuables, which I want to be left to reflect my feelings for them, with no favourites or consideration for other peoples financial promises. They only deviation from this would be perhaps Trust planning to protect anyone that is on benefit or is disabled.

Where I leave them 10p or 10 million each they all get the same because its a reflection of my love for them and not a "top-up" someone else's inheritance scheme.

LindorDoubleChoc · Yesterday 20:12

You totally disregard what inheritance some of the children may or may not get. That is completely unfair. There are no guarantees in life, particularly with money that has been set aside for an inheritance needing to be spent on care.

I think you should also disregard whether siblings have been more successful in life, or whether some are more needy. Everything should be as equal as it possibly can be.

This subject really gets me going! Angry

WeWereDoingSoWell · Yesterday 20:13

LibraRising · Yesterday 19:54

If he hasn’t done it after 12 years together and 5 years married, it sounds to me like he’s just paying lip service.

It's not quite that simple when their biological dad is still alive, it can be done but it's a lengthy and stressful process.

OP posts:
TheYorkshirePudding · Yesterday 20:18

FreshInk · Yesterday 16:29

"Do we split our inheritance in two (mine and his) and then split it between our children? So mine would be split 4 ways and his 2?". yes, this

This. Inheritance to your own children.

Booboobagins · Yesterday 20:18

Just split it equally. You are each a blood parent to every child, so its just easier to split equally.

The alternative is split it into 6 parts, each child gets one part for one of you being a parent. Your joint child gets 2 x6th (1/3), the rest get 1/6th. But I dont favour this approach.

rosagarten · Yesterday 20:20

Divide your inheritance between your own children - that's the cleanest way, whatever their circumstances and in all honesty with the cost of elderly care, you may have have much to give any of them so just keep it clean and even for their sakes as much as yours.

BeeHive909 · Yesterday 20:22

You 4 him 2. It’s what my sisters doing actually with her husband except she’s got 1 child and he has 3 in total.

WeWereDoingSoWell · Yesterday 20:25

Thank you for everyone's comments, I really appreciate all the viewpoints. I think the situation isn't quite as cut and dry and "my kids/his kids" due to the situation with my middle two daughters so that does complicate things a bit.

It won't be a massive inheritance, we're not talking millions here, at most it'll probably be £500k total.

I think we're leaning towards a 5 way equal split (that was what DH said straight away) but I did want some opinions on what other ways we could do it. I think the fact that the comments have been a fairly equal split between the 4/2 split or the 5 way equal split then I guess neither way is "wrong"

OP posts:
SandyCastles · Yesterday 20:27

Just split equally between all 5 children.

Anything else is unfair in one way or another and the people living with this decision will be the children.. keep it equal all the way.

DecafCoffeeIsPointless · Yesterday 20:27

CirclesandSpirals · Yesterday 16:33

None of those theoretical inheritances are guaranteed - any of them could vanish into care fees or poor investments, or the child be cut out of the will!

The only thing to take into account is what you can leave your children and that’s for the two of you to decide as individuals.

You need to be careful how any wills are written as there are hundreds of cases where a partner inherits everything from their partner and is supposed to include their deceased partner’s children in their will and doesn’t. Try to protect your children’s interests as much as possible.

This.

If you want your children to inherit your Will should leave to your 4 DC not him. He can have a lifetime interest to remain in a joint house (or until he remarries)

Likewise his should leave to his 2 DC and not you. With the same provision to remain in the home.

If you leave to him completely he can then cut your DC out completely at a later date.

Hopefully you live until you are old and grey but some people don't, partners move on, previous kids get cut out and new partner gets everything

JustMarriedBecca · Yesterday 20:28

FreshInk · Yesterday 16:29

"Do we split our inheritance in two (mine and his) and then split it between our children? So mine would be split 4 ways and his 2?". yes, this

I think this.

cupfinalchaos · Yesterday 20:30

You can’t think about any other inheritance that any of them may or may not get once care fees come into play.. you just don’t know.

Zanatdy · Yesterday 20:33

equal, as otherwise those DC receiving less will most likely feel hurt and it will affect sibling relationships. DS2 and DD have a different father than DS1 and will receive a large inheritance from their father, DS1 nothing as he has no father in his life. That won’t affect how I split my will, which will be left equally to all 3. Never considered any other way as I don’f want them ever wondering if there were favourites etc.

cupfinalchaos · Yesterday 20:34

Dh and I have 5 between us, none together. Our estate will almost entirely come from dh’s earnings but we are splitting it 5 ways as he has been in my kids’ lives since they were 6 and 9 (now adults).