@WingingIt09 maybe it will show up now you've tested!
I have some questions for the hive mind of our group regarding wills/divisions of assets, deeds of trusts etc etc as I'd really like some opinions which I can't ask anyone in real life due to wanting the potential new baby to be a factor.
I will be stumping up most of the deposit for this new house DP has saved a couple of thousand, I will have savings, inheritance and the equity in my home to the tune of a bit over 100k. I'll be paying estate agent fees, solicitors costs and stamp duty because if DP bought alone or with another first time buyer he would not have to pay stamp duty, the fees for selling my home.
I intend to protect my deposit somehow, as a value? or percentage? of the property, the rest we will own 50/50 although I will be paying more towards the mortgage for the foreseeable as I earn more. I wont be getting married again.
I have pension benefits with work and have nominated DP as my spouse to receive some kind of monthly pension, and my DC to receive death in service lump sum. I have asked DP if he has anything like this but realistically he will be leaving his work so it wont be relevant in the short term.
I want us to draw up wills, that feel fair for everyone. I'd like to consider current and future children as beneficiaries but also wouldn't want DP to have to leave his home to give my older DC their share especially if he still has a young child to look after. However, without a responsible parent around (their father is useless), I feel they would probably need financial support. I have considered leaving the value of current equity to the DC, anything over that which we have built together to DP and maybe even a mortgage life policy to pay off the rest for DP. I just worry that DP will not be happy/think I don't love him if I don't make provision for him but I leave it all to my kids. I feel I may have ofset this with the pension provision... I will feel hurt if he doesn't take me into account, I bet he hasn't even considered a will to be honest or that it would just go to his mum right now.
Also considering life cover to cover an amount equal to child maintenance in the event I died while the kids are young to pay exH - not that he would do the same the other way round but it would give me piece of mind re the kids.
What do people think is fair?