Wills and the like!

[Mum4Fergus]

I know I'm probably posting in wrong section but I know here has a lot of traffic!

Split from DS father around Easter...not married, mortgage in my name so all cool on that front. However I was to write a will ensuring that DS is covered if/when I die. I've chosen my sis as executor and spoken with her about it today...

I've drafted up the beginnings of my wishes, but it seems very basic ...what have I missed, or should make a point of adding?

I've stated that all monies to be held in trust til DS 18 (unless he needs anything for educational purposes), 25% of estate when he's between 18-25 and the remainder at 25. This is for bank acs, life insurance and pension. What about house? Instruct sale with him getting proceeds? Or have it empty til he's old enough to run it himself?

Any guidance/advice greatly appreciated xxx

Do not make any DIY wills.

You need to thrash out all the details with a Solicitor who will draft all this up for you properly so there is no ambiguity. Legal advice here is essential. Your son will thank you in the long run for drafting up your will properly. Also it can and should be updated as and when circumstances change.

I've an appt in 2 weeks with Sols to formalise but wanted to go armed with as much as I can...

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If you have a union or professional organisation they often provide a free will writing service. That's how we did ours

Couple of other points- who would you like to inherit your estate, should your son pass away before attaining the age of 18/25? Do you have an idea of the value of your assets? (incase Inheritance Tax payable)