Hello.
My wife and I want to make a change to our wills. We want to cut one child out of our will but leave what would be his share to his children that would be administered by the Trustees until they reach the age of eighteen years, then become a joint trustee until they reach the age of twenty one.
We want to make this change because he is an alcoholic with psychological issues and we feel he could not handle the responsibility.
I have worded it already in our will and just want to know if it is legal.
(h) The equal share of my estate for my son *************, is to be held in trust for his child or children, my grandchildren. I appoint my Trustees to invest their share or shares and distribute towards the maintenance, education, advancement or otherwise for the benefit in life of such child or children in their absolute discretion they think fit until they reach the age of eighteen years then such child or children become co-trustees until the age of twenty one.
Your help would be greatly appreciated.
My wife and I want to make a change to our wills. We want to cut one child out of our will but leave what would be his share to his children that would be administered by the Trustees until they reach the age of eighteen years, then become a joint trustee until they reach the age of twenty one.
We want to make this change because he is an alcoholic with psychological issues and we feel he could not handle the responsibility.
I have worded it already in our will and just want to know if it is legal.
(h) The equal share of my estate for my son *************, is to be held in trust for his child or children, my grandchildren. I appoint my Trustees to invest their share or shares and distribute towards the maintenance, education, advancement or otherwise for the benefit in life of such child or children in their absolute discretion they think fit until they reach the age of eighteen years then such child or children become co-trustees until the age of twenty one.
Your help would be greatly appreciated.