Need help drafting a will.

[Imtoooldforallthis]

Would love some advice on making mine and DHs wills. We have two DD and one DSS. All very close and in general terms happy to split 3 ways, as very much feel all should be fair. However there is a DGM who may favour DSS with a considerable amount, though we don't know for sure. If we knew that for sure we would split 2/5 2/5 1/5. Also would we leave all to spouse and then pass down on death of parents but this seems unfair to DSS if he lost father would have to wait until death of DSM to inherit. I keep going round in circles. We have no pension only savings and property to fund our retirement so no idea how much will be in the pot.

Split three ways for now but reassess and update in the event that DSS inherits a significant amount from his GM.

Wills can and should be reviewed regularly until you lose capacity.

And probably some form of lifetime trust to make sure that spouse is provided for while protecting the interests of the children.

But how would that work my two would inherit only after death of both parents, so can it be the same with DSS.

Will you/your DC inherit from your parents?

Will your DSS inherit from his mother?

Either way I would reiterate DilysPrice's entire post.

You need Mumblechum (AKA Marlow Wills), she’s the Mumsnet go to will writer. From personal experience I know that she’s highly professional.

DSS won't inherit from mother. Just to be clear, our current savings and property are to fund our retirement, we are only in our 50s. All the children know this. Ideally I would leave all to DH, he would leave to me and only in the event of us both dying would the children inherit what is left if anything. Although there should be at least two small properties. Just not sure if this is fair to DSS as he may have to wait a long time if his dad dies first.

You are best contacting a Will specialist, but what you could have put in the Will, if your husband was to die before you, your DSS would inherit his share or a certain amount of it and the remaining part on your death. Or he could also inherit his share if you were to remarry.

We have changed our wills twice, we are in our early 60’s, mainly due to age of children, who are now adults, as the first will was when they were young children.

I get what you are saying, except all children are extremely close so if DSS inherited before the others that wouldn't feel fair on them.

Could you do it so that in the death of your DH you have a life insurance policy to pay out for DSS with the rest coming to you when you pass away
Also ideally you want your will done where one of you dies the other has the right to stay in the house but your half is in trust for the kids
This stops either of you giving away the other ones half to a new husband or wife
Many people have been in this situation and the new wife - husband ends up with everything and the kids fuck all
Plus should one of you die the other half of the main home would be outside of care fees If the kids now own it
I hope this makes sense 😂

We already have a life insurance, our current will gives £20k to DSS. House will be sold to fund retirement and we will move to small property we currently rent out but that may need to be sold in the future for care fees. . I think the problem is we don't know how much will be left at the end of the day. Neither of us has pensions and all our savings are in leiu of pensions (self employed). If DH died DSS would get 20k, but not sure we could afford give the other 2 the same as we may not have enough left. Only got a small life insurance.