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23/09/2014 at 13:33
H and I don't have a will but now L is here I think we need one. Do you have one? Was it easy to sort? What things need thinking about?
23/09/2014 at 13:39
23/09/2014 at 13:50
Yes, it was very easy. I used a service but you can do it yourself or go to a solicitor and get it done very cheaply. Basically you get to choose who the executor(s) of your estate would be, who inherits your assets and any other individual items i.e. jewellery etc. You also nominate a guardian(s) for your child(ren), and you can opt to set up trust funds for the child(ren). Other reasons too of course, but the guardianship one was the main reason I did it.
If you fail to appoint Guardians in your Will and both parents die before the children reach 18, the courts will appoint Guardians instead, but they won't necessarily appoint the people that you would have preferred to take care of your children.
If when you pass away the other parent of your child survives, the surviving parent will normally continue to have full responsibility for the child. However, if neither parent survives (as in some road accidents) then the Guardians you have appointed will take on the responsibility for your children.
23/09/2014 at 15:18
We need to, we're waiting until we move. I'm not sure about it not being so important for married couples? What if you both died at the same time? We have specific guardians we'd want for Z, so that would go in a Will. Surely that is important or they could go to random family or in care or something?
23/09/2014 at 16:11
We need to do this!! Thanks for the info.
23/09/2014 at 17:39
We both wrote one before G arrived. We just got a template from the post office, wrote it and got it witnessed. They're now sealed an kept in the safe.
Without being morbid if you are married and one of you survives there shouldn't be too much of an issue unless you have children elsewhere, there's some rule where they can contest for an amount over £250k is left to a spouse (I don't understand it very well). If you aren't married you NEED to get one done, because you could see you or your partners finances going elsewhere.
Ours just includes things like who we'd like to look after G. The split of finances and where I want my engagement ring to go, where he wants his medals to go etc...
23/09/2014 at 19:21
Oh RC I've not been on for ages and I've missed your BA so first of huge congrats!
I think it's just as important even if you are married, again sorry this is a bit morbid but of something terrible happened and you were both to pass away, you have no documented wishes as to who you would like as guardians for your Lo and in even worse situ, if something tragic was to happen to you all, someone has to be the last pronounced and legally they will have inherited everything so it would then only go to their side of the family. So what I mean is in the circumstances of a married couple and one child, they would likely go to treat a child first so they would be the first to pass away, then say it was the mum and then the dad, legally everything would have passed to the dad when the mum was pronounced (even if it is just minutes apart) so then if the dad had also died but was the last to be pronounced, the matrimonial home and all assets etc would have belonged to him so legally would now pass to his side of the family and nothing to the mothers.
We did ours with the solicitor that did the legals for our property move. It wasn't expensive and I was at the solicitors for all of 20mins then they emailed them to us, we confirmed they were fine and then went to the solicitors to sign them and have them witnessed x
23/09/2014 at 19:25
23/09/2014 at 19:28
We really need to get one sorted, we've been saying it since L was born but just haven't got round to it. The main thing I want to make sure is sorted is guardianship of L should something happen to us both, we're married and both have life insurance so I think we'd be okay if one of us died, mortgage etc would be covered. MDD that's a really good point about order of death, I never would have thought of that!
23/09/2014 at 19:42
I know it's a horrible thought but legally that's how it goes if you have no will saying otherwise. Everybody would love to think that families would do the logical thing and split money etc but you just never know and it avoids any issues!
23/09/2014 at 19:45
I'm sure November is willaid month. It means you can get a will sorted with a solicitor for I think £130
Give it a Google
23/09/2014 at 21:45
Thanks missdeedee! The nappies are great by the way.
Yes order of death is something to think about, another reason to make our views explicit. Guardianship is what bothers me most I think, I want us to decide in someone, not have it decided for us. How do you decide something like that though? It was will aid that started our discussion holey thanks for info ssshh. Will look at the site. Mrs B life insurance is something else we need to think about.
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