Discussion
First off, sorry if this is in the wrong forum mods please move.
After a bit of info on sorting out a will since buying a house with my girlfriend.
We bought a house with 50-50 share of the mortgage but used my previous house as a lump sum deposit so I own a larger share in effect . Now the tricky bit is I have a daughter from a previous relationship who was my sole beneficiary and this is causing issues in getting a will drawn up. We have agreed that if anything happens to me that my daughter will still get this amount then her and the girlfriend go 50 50 on everything else.
How's would you do this?
After a bit of info on sorting out a will since buying a house with my girlfriend.
We bought a house with 50-50 share of the mortgage but used my previous house as a lump sum deposit so I own a larger share in effect . Now the tricky bit is I have a daughter from a previous relationship who was my sole beneficiary and this is causing issues in getting a will drawn up. We have agreed that if anything happens to me that my daughter will still get this amount then her and the girlfriend go 50 50 on everything else.
How's would you do this?
ade73 said:
First off, sorry if this is in the wrong forum mods please move.
After a bit of info on sorting out a will since buying a house with my girlfriend.
We bought a house with 50-50 share of the mortgage but used my previous house as a lump sum deposit so I own a larger share in effect . Now the tricky bit is I have a daughter from a previous relationship who was my sole beneficiary and this is causing issues in getting a will drawn up. We have agreed that if anything happens to me that my daughter will still get this amount then her and the girlfriend go 50 50 on everything else.
How's would you do this?
Unless I'm misunderstanding this is quite straightforward & you've answered it yourself After a bit of info on sorting out a will since buying a house with my girlfriend.
We bought a house with 50-50 share of the mortgage but used my previous house as a lump sum deposit so I own a larger share in effect . Now the tricky bit is I have a daughter from a previous relationship who was my sole beneficiary and this is causing issues in getting a will drawn up. We have agreed that if anything happens to me that my daughter will still get this amount then her and the girlfriend go 50 50 on everything else.
How's would you do this?
ade73 said:
my daughter will still get this amount then her and the girlfriend go 50 50 on everything else.
GT03ROB said:
ade73 said:
First off, sorry if this is in the wrong forum mods please move.
After a bit of info on sorting out a will since buying a house with my girlfriend.
We bought a house with 50-50 share of the mortgage but used my previous house as a lump sum deposit so I own a larger share in effect . Now the tricky bit is I have a daughter from a previous relationship who was my sole beneficiary and this is causing issues in getting a will drawn up. We have agreed that if anything happens to me that my daughter will still get this amount then her and the girlfriend go 50 50 on everything else.
How's would you do this?
Unless I'm misunderstanding this is quite straightforward & you've answered it yourself After a bit of info on sorting out a will since buying a house with my girlfriend.
We bought a house with 50-50 share of the mortgage but used my previous house as a lump sum deposit so I own a larger share in effect . Now the tricky bit is I have a daughter from a previous relationship who was my sole beneficiary and this is causing issues in getting a will drawn up. We have agreed that if anything happens to me that my daughter will still get this amount then her and the girlfriend go 50 50 on everything else.
How's would you do this?
ade73 said:
my daughter will still get this amount then her and the girlfriend go 50 50 on everything else.
Are you advising to get this arrangement written in to the will itself? This may involve changing the ownership type of the property from joint tenants to tenants in common.
Jockman said:
How enforceable is this Rob. I doubt nobody's integrity but families fall out all the time.
Are you advising to get this arrangement written in to the will itself? This may involve changing the ownership type of the property from joint tenants to tenants in common.
This sort of thing is quite straightforward but does need to be done professionally to avoid some of the pitfalls, I've just gone through an almost identical situation in setting up wills. A DIY approach will not suffice. Are you advising to get this arrangement written in to the will itself? This may involve changing the ownership type of the property from joint tenants to tenants in common.
In my case there is my wife, her 2 kids by another marriage & my son by another marriage. The will has been written to provide my wife a life interest in the property should I die, then proceeds split 75% my son, 25% to her kids to reflect the equity in the property at the time of marriage that was mine. I should add this also includes putting the main property into trust
It really is an area that professional advice is essential. It will cost a more than a few hundred quid, but its money well spent.
Edited by GT03ROB on Monday 20th June 19:15
GT03ROB said:
Jockman said:
How enforceable is this Rob. I doubt nobody's integrity but families fall out all the time.
Are you advising to get this arrangement written in to the will itself? This may involve changing the ownership type of the property from joint tenants to tenants in common.
This sort of thing is quite straightforward but does need to be done professionally to avoid some of the pitfalls, I've just gone through an almost identical situation in setting up wills. A DIY approach will not suffice. Are you advising to get this arrangement written in to the will itself? This may involve changing the ownership type of the property from joint tenants to tenants in common.
In my case there is my wife, her 2 kids by another marriage & my son by another marriage. The will has been written to provide my wife a life interest in the property should I die, then proceeds split 75% my son, 25% to her kids to reflect the equity in the property at the time of marriage that was mine. I should add this also includes putting the main property into trust
It really is an area that professional advice is essential. It will cost a more than a few hundred quid, but its money well spent.
Edited by GT03ROB on Monday 20th June 19:15
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