Blended families are now the norm, not the exception. When there are children from previous relationships, step-children, and new partners all to think about, a standard “everything to my spouse” Will almost never delivers what you actually want.
The core challenge
You want to provide for your new partner without disinheriting your own children. Leaving everything outright to your partner trusts them to do the right thing later, but, as we’ve explored elsewhere, it’s a huge risk.
Tools that help
- Property Trust, your partner keeps the right to live in the home; your children receive your share eventually.
- Life Interest Trust, similar principle applied to investments and savings.
- Specific legacies, direct gifts to your own children from assets outside the shared estate.
The importance of both partners planning together
Mirror Wills that each protect the other’s children are powerful, but only if structured with Trusts. We specialise in exactly this kind of planning and can walk any blended family through it in a single consultation.
Have a question about this?
Book a free, no-obligation consultation with Colin.
