Getting married at the age of 27 was a big step for Paul and I. We already had the house and had been together for 6 years so it was the next step as we always wanted to be married before kids (plus Paul’s mum would have killed us both if we weren’t).
The thing I had greatest difficulty getting my head around was something I would never had thought about until Ade brought it up – was would happen to my share of the money and my share of the house should I die and Paul re-marry? Obviously I would want my share to go to the kids, Paul is capable of looking after himself however I always plan for mine to pass to them. If however I were to pass away before they come of age it would automatically go to Paul, and should he remarry it was be past onto his new wife…..fast forward, and what if Paul were to die before the kids come of age? It would go to the new wife.
I joked with Ade, saying it was very much like Cinderella and her wicked step-mother. This is something I would never have thought of happening however something that could happen and it needs planning for.
The solution was to write a Mirror will which we have now done. This sets out that my share of EVERYTHING goes into a trust fund for the children which they can access at the age of 21 should anything happen to me, Paul’s will is exactly the same – his share of EVERYTHING will go into trust for the children should anything happen to him.
Once Ade had taken all of our details and recorded all of our wishes he took a few days to write our will and emailed it over to me to have a look at and he also send a version across which was in easy to understand language which broke down all of our wishes and laid out in layman’s terms for us to understand.
We also arranged a time for Ade to visit our house to have our will formally signed, we had to have 2 witnesses here to witness us signing these documents and the process was finished.
I found the whole process very easy and I would highly recommend everyone to get their effects in order and to organise yourselves and get your will written.
If you would like further information on this please visit the website: www.max-inheritance.co.uk
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