Wills????i am so lost withit all

[belleshell]

Please can anypne help, i have had a man around today to help me write my will, as i am divorced but my partner lives with me ( he doesnt contribute to the hause atm because he is still paying for his own house and children!!) i want to ensure should anything happen my children are the sole benifactors. however i didnt think it would be any harder than writing in my will that it goes to the kids but not till they are 18. it now seem i need to set up a trust fund to do this.......... im just wondering if anyone knows what the name of the trust would be. the man said his company could do it but it would cost 500...i havent got a spare 500 quid atm so was going to investigate further!!!

any help much appreciated!

thanks in advance

You need mumblechum1. She'll be able to help you. PM her.

thank you so much

She is the MN Will guru. She did a will for me (lone parent with 1 DS) and she was super helpful about trusts and extra stuff like that. She also has an ad in the small busniess section under the name of marlowills.

If you can wait a bit, november is will aid. You get a solicitor one will for far cheaper and the money goes to charity. Me and oh did this last year and it was fantastic. Our estates including property are each to be left in trust to dcs until they're 21. We didn't have to set a trust fund up, but we did have to name people who would be trustees (we used our executors and ohs for the easy life). Not sure if the advice you've been given is correct (though may be, it may be that your estate is worth far more than ours so warrants a trust fund).

Another vote for mumblechum, she is ace

And another one. Get in touch with Mumblechum. She'll help you for a lot less money.

Wow, thanks you guys for the recommendations! !

OP, I've replied to your email. For anyone in similar circs, if you die whilst your children are under 18, the money is automatically held in a trust (well not quite automatically but it's very much the standard).

If you decided to provide a roof over the head of a partner who isn't the children's father, the best option is usually a right to reside for a period of time, rather than a life interest which is likely to go on for too long.

£500 on top of a standard will charge does sound excessive but I don't know the ins and outs of this particular case.