Does anyone have any advice about wills and STBEXes in terms of looking after money ultimately destined for DC?
STBEX and I are not married. He told me a few months ago he was out, and it turns out he's been seeing an ex.
I know I need to make a will. I'll leave most £ to my DS, some to friends. I've also changed my pension to nominate DS instead of STBEX and taken him off my death in service nomination so that now would follow my will.
Worst case, I die before DS is 18, so someone needs to look after the money in his interests. I know I need a trust, and a trustee to act in DS's best interests, but I'm not sure that trustee should be my cheating lying ex although he is DS other parent. At the moment, AFAIK, STBEX has no other kids and no plans to have more of his own but who knows what he'll do next in living out his sad mid life crisis cliché. His (married) OW has kids.
My aged DPs have also told me they've put a provision in their will that if I die before them, then my inheritance goes to DS, but with a chunk strings free to STBEX. They've asked me what I want to do about that.
I have no relationship with my siblings and wouldn't trust them at all so they are not an option. I have a close friend I could ask, who also happens to be related to STBEX, but we are still friendly. He would then get the obligation of managing DS's money in his interests, but get some no strings £ to help.
Aii! What have other people done in this situation? I'm also aware I'm still angry about STBEX being a dick so judgement may be clouded.