Quizzes & Puzzles4 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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Hi Sandy
I see what you are saying.
The general view in our family is the estate always goes to the children but we do put clauses in our wills that the wealth goes to other parts of the family if the children are not alive at the time.
My children and myself go on the same aeroplane at least once every 2 years for example.
As it happens my children are guaranteed half of my house as my late wife left her half to them.
Lawden
I see what you are saying.
The general view in our family is the estate always goes to the children but we do put clauses in our wills that the wealth goes to other parts of the family if the children are not alive at the time.
My children and myself go on the same aeroplane at least once every 2 years for example.
As it happens my children are guaranteed half of my house as my late wife left her half to them.
Lawden
Hi Boxtops
I supose the same could have happened in reverse ie me having the £200,000 house and the 4 children.
I know a couple who were both widowed in their 30's ( I think the lady was widowed in her late 20's ) and they both had children.
In that case different arrangements could be made re wills as the marriage could go on for 50 years plus.
In my case however taking an average probably I have a maximum expected life of 15 years left so I feel my and my late wife's estate should go to our children.
We were married for just over 51 years.
Lawden
I supose the same could have happened in reverse ie me having the £200,000 house and the 4 children.
I know a couple who were both widowed in their 30's ( I think the lady was widowed in her late 20's ) and they both had children.
In that case different arrangements could be made re wills as the marriage could go on for 50 years plus.
In my case however taking an average probably I have a maximum expected life of 15 years left so I feel my and my late wife's estate should go to our children.
We were married for just over 51 years.
Lawden
Being in your seventies I imagine the ladies are of a certain age and they don't have young children who need to be taken care of. Your property should go to your direct relatives and theirs accordingly. It's a different matter if you have been a father to another woman's children and have brought them up.
Hi johnk
As I said to Sandy my children own half of my house anyway so I could not leave my house to any new wife.
I am not sure what would happen anyway if we married and lived in my house and I passed away before her.
I could only will half my house to her and if my children want their share immediately she may have to sell.
Really I think it is best not to get married and leave my children with problems and possibly another family as well.
Lawden
As I said to Sandy my children own half of my house anyway so I could not leave my house to any new wife.
I am not sure what would happen anyway if we married and lived in my house and I passed away before her.
I could only will half my house to her and if my children want their share immediately she may have to sell.
Really I think it is best not to get married and leave my children with problems and possibly another family as well.
Lawden
You can still get married...just write a new will leaving your share of the house to your children as before... any new money that is added to your estate you could leave to your wife making it clear any money property she brings to the marriage is for her to dispose of as she thinks fit..If she can't agree to that she'd not be worth the cost of a licence
<<My wife passed away 4 years ago and I have had 2 ladies as companions since. >>
Well to approach the question from another angle it seems you want these ladies as 'companions' rather than making them part of your family
Maybe that's a reasonable thing to want but there sounds to be a bit of wanting it both ways there.
Well to approach the question from another angle it seems you want these ladies as 'companions' rather than making them part of your family
Maybe that's a reasonable thing to want but there sounds to be a bit of wanting it both ways there.
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