7doughnuts
Junior Member
Hi,
I am looking for some advice regarding my partners and my own Will. We have discussed at length what we would like to do in the case of either of us dying and are clear about what we want to achieve, actually putting it in to words and making it concrete is a little different! I’ll do my best to explain, firstly a little background:
I am currently going through a divorce which should be complete reasonably soon. I have one child with my soon to be ex wife. We are separated financially. I have a pension with a death in service benefit and some savings.
I am just about to complete on the purchase of a property with my new partner who has no baggage unlike myself! She has savings and a pension with a death in service benefit.
I will explain what we want but just refer to myself as it may be easier. My partner would effectively like the same thing but rather than a child she’ll have her sister. We are also only dealing with our current situation and will readdress all of this if we were to marry or have children together. We have a deed of trust which states that life insurance is compulsory so if either of us were to die the mortgage would be paid off plus an additional sum to cover 10% equity which will become clear later!
If I die I would like my share 20% of my share of the house (10% of the property which will be covered by a life insurance policy) to go to my daughter, and the remaining 80% to pass to my new partner. If my partner then dies before marrying or having children, I would like the remaining 80% to go to my daughter. If my partner marries or has a child, I would like her to keep the money (house).
I would like the rest of my estate to go to my daughter (or be held in trust until she is 21).
Is it possible to word this so it is concrete? I trust my partner completely but her father is really in to contracts and picks holes in everything! What statement can be made to achieve what we want?
I really would appreciate any help you can give me.
Thanks in advance,
7d.
I am looking for some advice regarding my partners and my own Will. We have discussed at length what we would like to do in the case of either of us dying and are clear about what we want to achieve, actually putting it in to words and making it concrete is a little different! I’ll do my best to explain, firstly a little background:
I am currently going through a divorce which should be complete reasonably soon. I have one child with my soon to be ex wife. We are separated financially. I have a pension with a death in service benefit and some savings.
I am just about to complete on the purchase of a property with my new partner who has no baggage unlike myself! She has savings and a pension with a death in service benefit.
I will explain what we want but just refer to myself as it may be easier. My partner would effectively like the same thing but rather than a child she’ll have her sister. We are also only dealing with our current situation and will readdress all of this if we were to marry or have children together. We have a deed of trust which states that life insurance is compulsory so if either of us were to die the mortgage would be paid off plus an additional sum to cover 10% equity which will become clear later!
If I die I would like my share 20% of my share of the house (10% of the property which will be covered by a life insurance policy) to go to my daughter, and the remaining 80% to pass to my new partner. If my partner then dies before marrying or having children, I would like the remaining 80% to go to my daughter. If my partner marries or has a child, I would like her to keep the money (house).
I would like the rest of my estate to go to my daughter (or be held in trust until she is 21).
Is it possible to word this so it is concrete? I trust my partner completely but her father is really in to contracts and picks holes in everything! What statement can be made to achieve what we want?
I really would appreciate any help you can give me.
Thanks in advance,
7d.
