There really is no substitute for a professionally drafted will, especially if you want to make sure you've considered everything that’s necessary to protect your son's interests.
Because of his age, the need to appoint guardians to look after your son is no longer pressing, but you might want to delay the age at which he can inherit your estates outright until, say 21 or 25. In this case you need to think about who would act as executors to wind up your estates and manage the assets until your son inherits.
There may also be other issues to consider, such as what happens on the first death and how to protect your son's inheritance in the event of the survivor of you remarrying. If you all still travel together, then you might want to think about default beneficiaries in the event of you all failing to survive.
A solicitor is trained to go through this with you in a meeting, so you can consider the options. Given that the cost of preparing two basic wills is likely to be no more than £250 - £350 plus VAT, this really is a small expense to ensure your own and your son's interests are protected.
Back to Questions »
