The K M Links Game - June 2024 Week 2
Quizzes & Puzzles7 mins ago
Re wills
I have just joined this site and I know there have been a lot of threads on this subject.
My wife passed away 4 years ago and I have had 2 ladies as companions since.
I am now in my mid 70's and in reasonably good health. I do not have to take any permanent tablets.
The problem I had with both ladies is they own houses worth about £200,000 and in both cases they had 4 children.
I have a house worth about £400,000 and have a son and a daughter so they will be entitled to £200,000 each when I pass away.
In both cases the ladies wanted to get married and for the wealth to be split evenly between all our children on our passing away so they would get £100,000 each.
This would in effect mean my children would lose £100,000 each and hers would gain £50,000 each which was not acceptable to me.
I am not saying these ladies were trying to get a free house but they both left when they realised I would not agree to what they wanted.
Lawden
My wife passed away 4 years ago and I have had 2 ladies as companions since.
I am now in my mid 70's and in reasonably good health. I do not have to take any permanent tablets.
The problem I had with both ladies is they own houses worth about £200,000 and in both cases they had 4 children.
I have a house worth about £400,000 and have a son and a daughter so they will be entitled to £200,000 each when I pass away.
In both cases the ladies wanted to get married and for the wealth to be split evenly between all our children on our passing away so they would get £100,000 each.
This would in effect mean my children would lose £100,000 each and hers would gain £50,000 each which was not acceptable to me.
I am not saying these ladies were trying to get a free house but they both left when they realised I would not agree to what they wanted.
Lawden
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As your late wife left her share of your property to your children I am assuming you held the property as Tenants in common, if not I suggest you consider doing so, and leave your share of the property to your children. Remember if you were to be married in the future any existing will would be revoked unless you had clearly stated “ in contemplation of marriage”.
If your new wife is not financially dependent upon she should have no claim on your estate, but if you are contemplating marriage contact a local solicitor to prepare your will after explaining what you wish to achieve. The legal profession make a good deal of money from DIY wills so it could be money well spent.
If your new wife is not financially dependent upon she should have no claim on your estate, but if you are contemplating marriage contact a local solicitor to prepare your will after explaining what you wish to achieve. The legal profession make a good deal of money from DIY wills so it could be money well spent.
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