Will

[Applejack87]

Hi , we’re in the process of doing a will my oh has an adult child from a previous relationship , we have one child together who’s at school . We have discussed everything however my oh is nervous that if he died and I remarried there’s a possibility that his adult child would receive nothing .
It does happen , so he would like to leave x amount to his adult child if he died then he’d get the rest in my death
Is there any risks in doing this ? Does anyone know Thankyou

If his will gives you something he cannot dictate what happens to it when you die. However, if his will gives you a lifetime interest in something he can dictate what happens to it when you die. You need to consult a lawyer or an experienced will writer.

The risk is you cannot raise the money to give the adult child and have to sell your house. Or take out a loan. If your DH has a separate savings account and that would be used, that’s different. You also could just gift the money now (or 7 years before you die) and then it’s free of IHT. It’s also probably of more use to the beneficiary.

I’m assuming your DH has spare money for his child that won’t affect you if it’s been given away. If this is the case, just give it now. Then a similar amount to be saved for your DC.

A solicitor will talk it all out with both of you. When we had our wills done, provision was made for my partner's daughter, and my children in a way to suit us both.