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Inheritance when a parent remarries

114 replies

TheWonderfulThingAboutTiggers · 11/04/2023 21:51

So - I completely get it that when a parent remarries, if they die the step parent gets everything... and that may be their choice.

But what is the usual thing if you want to protect your children's inheritance. What stops the step parent living another 20 years and spending it all/giving it to their children?

OP posts:
ssd · 11/04/2023 23:07

Has anyone answered what happens with life interest wills if one of you need to go into care??

CuteCillian · 11/04/2023 23:07

A good solicitor is what’s needed. My solicitor calls it 'the totty clause'.
I can't believe couples don't ensure DC are protected.

ssd · 11/04/2023 23:09

How do you get a "good' solicitor?

I wouldn't know a good one from a bad one...

DivorcedAndDelighted · 11/04/2023 23:12

OP it is really very common to have wills specifying the "life interest" that others have mentioned above, ie the new partner gets to live in the house as long as they can live independently, but has no ownership of the house. If they need to go into care or die then the house goes to the children. I know several people who have done this. It's commonplace and I expect Solicitors would suggest it in this situation.

mdinbc · 11/04/2023 23:13

My mother was forward thinking and had a pre-nuptial agreement, and left her DH a life interest in her house. She owned a house outright, he did not. If she pre-deceased him he had the right to live in the house as long as he was fit to do so. Their shared assets (savings accounts and car) were meant to be split.

It did happen that Mum predeceased her DH, and he lived in the house for about 1 year after mum died. He went into a home, paid for by his pension income. We four kids were very lucky that mum protected her assets this way.

If only all couples had legal advise before moving in together or marrying. It would save so many issues.

Loraloralaughs · 11/04/2023 23:14

This reply has been deleted

This has been deleted by MNHQ for breaking our Talk Guidelines.

FrangipaniBlue · 11/04/2023 23:23

ssd · 11/04/2023 23:07

Has anyone answered what happens with life interest wills if one of you need to go into care??

The person in care doesn't own the share they only have a lifetime interest, so only the equity to the value of their own share can be taken to pay for care.

The exception might be if it was deemed that it was done deliberately to avoid care costs and therefore was deprivation of assets. But I imagine this would only fly if the will was made late in the day when it was likely known there would be care costs.

Codlingmoths · 11/04/2023 23:29

Next time we change our will we will change the house ownership so if just
one of us dies their half of the house goes into a trust for the children, that just simplifies any remarriage. But if it’s because you separated I would do the same - leave at least half directly to my dc not any partner and I’d expect Dh to do the same <but he probably wouldn’t get around to it>

Soontobe60 · 11/04/2023 23:30

TheWonderfulThingAboutTiggers · 11/04/2023 22:09

So is 50% of the property to children and 50% to the new partner normal then?

(Don't new partners kids in effect then end up with a share of 3/4)

I'm looking in from the outside (and an not divorced) just trying to see if there is something "standard" that is usually drawn up? 2 houses involved as married late in life.

If the house is owned by one person only, that person can leave it in trust for their children, and the other person can live in it until they either die or remarry / live with someone else. That’s what happened to my mums house when she died, except she put 20% of it as tenants in common with my stepfather. He’s now in a care home and we can’t sell the house!
A good solicitor will be able to draw up a watertight will - don’t rely on the partner choosing to leave the house to the first persons children.

DivorcedAndDelighted · 11/04/2023 23:30

Cocolocobaby · 11/04/2023 22:43

hi

not trying to argue here …

@tailinthejam but if you do remarry and you own a house with new partner and have accounts with new partner - they Automatically inherit it and have sole ownership and therefore your wishes for protecting your children couldn’t be void .

You can’t own a house with someone but say when I die it can’t be sold etc. ???? Because it is jointly owned . You would need to have the house in a trust to protect it ? Or own it solely …

Not quite @Cocolocobaby , you can own a house jointly with someone, but specify what will happen to your share. This is possible if you own it as tenants in common as a couple of PP have mentioned, rather than the standard joint tenants. This is often recommended to protect your children's inheritance on remarriage.
This article on Second marriage and inheritance issues explains it, plus other options eg using a Trust.

Second marriage and inheritance issues: what to consider

Second marriage can complicate inheritance. Our Wills specialists explain how to balance the financial needs of your children and your second spouse.

https://www.clarkewillmott.com/insights/second-marriage-and-inheritance-issues-what-to-consider

DivorcedAndDelighted · 11/04/2023 23:38

Here's an interesting article from a law firm : www.clarkewillmott.com/news/warning-for-blended-families/

Parents of “blended” families, particularly where children from previous relationships become stepsiblings, are being urged to make a will to avoid any disputes after their deaths.

The issue was brought into sharp focus this week following a judge’s ruling on a family’s estate – worth almost £300,000 – after John and Marjorie Scarle both died at their home.

The couple, who both had daughters from previous relationships, were found dead on October 11, 2016 with the cause of death being hypothermia.

As they were listed on the property as joint tenants, ownership automatically passed down to whoever survived.

However, because it was unclear who out of the couple had died first, the Law of Property Act 1925 was invoked, which states that the deaths “be presumed to have occurred in order of seniority, and accordingly the younger shall be deemed to have survived the elder”.

That meant John, being 10 years older than Marjorie, was presumed to have died first, meaning any joint assets would pass automatically to his wife.

And, because she had also died, those assets – a house worth £280,000 and a savings of £18,000 – were passed down to her daughter, Deborah Cutler.

Unsurprisingly John’s own daughter, Anna Winter, disputed this and launched legal action to try to claim what she believed to be her share of the inheritance, leading to a lengthy – and expensive – court case which she eventually lost, costing her hundreds of thousands in legal costs.

Commenting on the case which concluded this week Orlando Beckett, Chartered Legal Executive, said: “I don’t think there’s ever been a clearer example than the Scarle estate for the value of having a Will and the importance of quality advice that comes with it.

“As this was both an intestacy and a blended family, who died first was important. If Mr Scarle died first, the assets would pass by Survivorship to Mrs Scarle, who would then pass the assets by intestacy to her children.

“If Mrs Scarle died first, the opposite would occur. Either way, one side of the two families was due to lose out on the estate.

“In any event Judge Phillip Kramer ruled that he could not be sure who had died first and therefore the rule of Commorientes would apply resulting in the estate passing to Mrs Scarle’s family, as she was 10 years junior.

“It is hard to say what Mr and Mrs Scarle intended without any testamentary wishes left by either of them, however I think it’s safe to assume they would not have wanted their families to be put through a lengthy litigation, all of which could have been avoided by a simple Will.”

He added: “With all of our Wills meetings, we review the property ownership, which would have flagged the risk of this happening in the first place and provided advice in how to avoid this situation altogether.

“We would also flag any potential issues and claims that may arise by not passing assets to a child from a previous relationship, as well as the risks of your own children not receiving an inheritance if you pre-decease your partner.”

snitzelvoncrumb · 11/04/2023 23:41

My and my dh have will always drawn up that protect our kids if one of us dies and the other remarries. Most will go into a trust to protect property from being divided if the kids end up getting divorced.

familyissues12345 · 12/04/2023 00:27

The only real experience I have was my in laws, who married in their 60's. Their Wills (we've lost my FIL, step MIL is still with us) very much favoured their own children, with a clause in the will saying MIL was allowed (and very much welcome) to stay in the house for 2 years. She chose to move out within a few months of FIL's death.
There was also a small money inheritance, with the arrangement in both wills that the children of their deceased spouse would get the money back in the subsequent Will - as money on both sides had been gained prior to the marriage, and in FIL case I large proportion of it was inheritance from DH's mum.
I think that seems to be fairly common in a later in life marriage, and in our case seems to have worked well. I think it's a shame MIL didn't stay in the house longer, but that was her choice.

babyboo1and2 · 12/04/2023 00:32

Following

Linnet · 12/04/2023 00:56

This is the situation my dh is in. FIL died and has left his half of a property to dh and his brother. FIL's wife has a life interest in the property, she's in her very early 60's and potentially could live another 30 years. If she does this means that dh and his brother may not get their inheritance until they're in their late 70's/early 80's.

GreenwichOrTwicks · 12/04/2023 01:35

KaihahUmoniiv · 11/04/2023 22:09

Some people choose to leave their wealth to their children "legally" but with a stipulation that their spouse has a "life interest" - which means they can enjoy the property as if it was theirs but aren't allowed to sell/dispose of it and the child gets the inheritance only when the step-parent dies.

It's not necessarily the best solution and comes with its own complications. Eg if the child technically owns a large amount of wealth but can't access it, that could affect their status for eligibility for things that they would otherwise be eligible for.

Yes I know a case where a couple divorced and the divorcing husband had that kind of share in his step/parents house and so his divorcing wife got too keep all their marital home, despite the fact that the husband would not be able to dispose of the step parents house for many years (if ever -he could pre-decease the step parents)

mybeautifuloak · 12/04/2023 07:40

Chewbecca · 11/04/2023 22:18

Just because the assets go to the step parent, does not mean the children are dis inherited. The step parent may well continue to make provision for them in their will.

'May' is the key word here

Lastnamedidntstick · 12/04/2023 07:47

See a solicitor.

I have left everything to the kids, dh has a life interest and the pensions.

my biological parent has spent everything the other parent left when they died, so it’s not just a step parent issue.

dh’ parents had mirror wills, his brother moved his remaining parent in with him and is happily spending his way through all the money from his parents house sale. Dh will get nothing (the house sold for nearly 1m).

so never guaranteed. Do it now while you still have the marbles.

KaihahUmoniiv · 12/04/2023 07:49

GreenwichOrTwicks · 12/04/2023 01:35

Yes I know a case where a couple divorced and the divorcing husband had that kind of share in his step/parents house and so his divorcing wife got too keep all their marital home, despite the fact that the husband would not be able to dispose of the step parents house for many years (if ever -he could pre-decease the step parents)

There's also "Help to buy" schemes to enable people to get on the property ladder which you are ineligible for if you own or have previously owned property. Notional ownership of a quarter share of the house your stepmother lives in means you don't qualify.

MoroccanRoseHChurch · 12/04/2023 07:56

was wondering what's normally put in place if couples want to avoid this. Whether when partner A dies they leave some to their kids and partner B has a lower standard of living or how it works.

why on Earth would someone want to plan that upon their death their partner - who presumably they love and have shared their later life with - must have a lower standard of living so their kids can have a windfall?

sausage767 · 12/04/2023 07:57

My mother and stepfather's wills left everything to each other in the first instance, then equal shares to their (his and hers) children.

My stepfather passed 2 years ago. My mother has written a new will and disinherited 2 of DSF's kids who didn't bother visiting him in his last years, or even on his deathbed or attend the funeral.

Not sorry for them in the slightest.

SparklingChampagneAndStrawberries · 12/04/2023 08:07

We’re in a second marriage. Rather than mirror wills, we have a trust will I believe it’s called. In essence the house is owned as tenants in common so whoever passes first, the other can stay with a lifetime interest until they pass. Then, my half will go to my son and his half will be split 50/50 between his two kids.

If I were the one to die second, I would only be able to leave my part of the estate to any subsequent partners (plus my son) DH’s part is fully ring fenced.

JenniferAllisonPhillipaSue · 12/04/2023 08:14

Whatever the plans, write a will and beware intestacy! When my father died, everything went to stepmother. When she died, everything went to her three biological children. I saw none of it, despite most of the value of the estate having come from my own DGM via my father.

Lastnamedidntstick · 12/04/2023 08:50

Linnet · 12/04/2023 00:56

This is the situation my dh is in. FIL died and has left his half of a property to dh and his brother. FIL's wife has a life interest in the property, she's in her very early 60's and potentially could live another 30 years. If she does this means that dh and his brother may not get their inheritance until they're in their late 70's/early 80's.

It’s not the situation your dh’s is in. It’s no different to if the sm was mum- he will inherit eventually, just not until both are dead. O/p is talking about if your fil left everything to his wife, who then leaves nothing to your dh.

women often outlive men. If you have young parents who live til old age you wouldn’t see any inheritance until you’re old.

you can’t really expect his sm to sell up and make herself homeless to give your dh an inheritance?

Tbf my sdc will get very little when dh dies. Mainly because he was left with nothing after the divorce, he moved into my house bought in my sole name. He’s never been able to save or contribute equally because he’s paid CMS for 20 + years.

so my house goes to our children. If dh has any savings it will split between all his kids. His dc from his first marriage will presumably inherit the house he bought with his ex, unless she leaves it to her OM. But that’s up to her.

Swannning · 12/04/2023 08:50

Alleging not yet married, we have a blended family of two (now young adult) children

We received excellent advice from a Mumsnetter who is often recommended on here - @mumblechum1 (Marlow Wills) who did two consultations with us and suggested the following legal set up for us:
House bought as tenants in common
Life insurance policies in trust to each other so we could buy out the other's children in the event of a death
Wills written specifically in anticipation of marriage, leaving everything (bar specific gifts) to our own bio children, with provision for the survivor to live in the house for one year (to avoid the bereaved children potentially waiting decades to get their inheritance).