Hi. My partner and I have to revise our wills, and I would like some help before going to a solicitor.
We are both divorced, and have been living in a de facto relationship for the past 8 years. The house we live in is mine - I am solely paying off the mortgage, and all bills associated with it are in my name. He has a house that he is paying the mortgage on, in which two of his adult children live paying nominal rent. Both mortgages should be paid off within the next few years, and we are both looking at 10 years until retirement. He has 4 children and I have 2 - all are adults.
I also have substantial superannuation, and currently have 4 investment properties, one of which I have purchased for my daughter to live in, paying market rent. The super is split 40/40/20 between my children and partner. My partner does not have much super but has one investment property.
I would like to structure the wills separately. I don't want his children to have any claim on my estate, but i am concerned that there may be some case because of the time that we will have been together. He should be able to stay in the house we currently live in as long as he likes, but should have no claim on it once he moves out, unless I think that he should have a proportion of the proceeds when my kids sell it. I want to be fair to him because of our years together but I don't want his kids to be able to get anything from me.
Any help or issues that you can see might cause problems?
Thanks
We are both divorced, and have been living in a de facto relationship for the past 8 years. The house we live in is mine - I am solely paying off the mortgage, and all bills associated with it are in my name. He has a house that he is paying the mortgage on, in which two of his adult children live paying nominal rent. Both mortgages should be paid off within the next few years, and we are both looking at 10 years until retirement. He has 4 children and I have 2 - all are adults.
I also have substantial superannuation, and currently have 4 investment properties, one of which I have purchased for my daughter to live in, paying market rent. The super is split 40/40/20 between my children and partner. My partner does not have much super but has one investment property.
I would like to structure the wills separately. I don't want his children to have any claim on my estate, but i am concerned that there may be some case because of the time that we will have been together. He should be able to stay in the house we currently live in as long as he likes, but should have no claim on it once he moves out, unless I think that he should have a proportion of the proceeds when my kids sell it. I want to be fair to him because of our years together but I don't want his kids to be able to get anything from me.
Any help or issues that you can see might cause problems?
Thanks