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Inheritance/beneficiaries question

6 replies

atiaofthejulii · 10/03/2024 21:47

Redoing my will after divorce, and my kids are all adults now. Everything will be split equally between them, and the usual set up seems to be that if one is already dead, their share gets divided between their children if there are any, otherwise between the other siblings.

I would like to say that if one if my children had pre deceased me, but had left offspring under 18, that my grandchild(ren)'s other parent should get something as well - because it will probably be bloody useful to them and benefit my grandchildren!

Does that sound reasonable? Is it going to be too complicated to arrange?

I am going to get a solicitor to write this up, was just interested to get a feel from other people before I consult one.

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UseItOrloseItt · 10/03/2024 21:54

My MILs just done her will and has done exactly this for one child. The will was very clear and easy to understand too.

In my MILs case it's a 50/50 split between dh and his brother. In the event BIL pre-deceases her his share will be split three ways between his girlfriend and two dc. If dh pre-deceases her then 100% of dh's share will go to me (to use and distribute for both me and our dc).

Kendodd · 10/03/2024 22:01

It sounds like your children don't have children of their own yet? If so, I would'nt bother mentioning partners (do they even have partners?) at all.

citrinetrilogy · 10/03/2024 22:14

I think you can do something whereby the money is left in trust for the dc, but their surviving parent can access the funds as trustee.

A solicitor would be able to advise.

caringcarer · 10/03/2024 22:16

The solicitor will write in whatever you tell them to include.

atiaofthejulii · 10/03/2024 22:48

Kendodd · 10/03/2024 22:01

It sounds like your children don't have children of their own yet? If so, I would'nt bother mentioning partners (do they even have partners?) at all.

They don't have children now, but they're all in their twenties, and it doesn't seem crazy that in the next couple of decades (hopefully!) that I might get some grandchildren!

I might meet someone else and end up redoing this again, but I want it to cover as much as possible.

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atiaofthejulii · 10/03/2024 22:50

UseItOrloseItt · 10/03/2024 21:54

My MILs just done her will and has done exactly this for one child. The will was very clear and easy to understand too.

In my MILs case it's a 50/50 split between dh and his brother. In the event BIL pre-deceases her his share will be split three ways between his girlfriend and two dc. If dh pre-deceases her then 100% of dh's share will go to me (to use and distribute for both me and our dc).

Thanks, that's reassuring, that sounds just the sort of thing I want. I think I was just getting it a bit garbled in my head!

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