I'm in a conundrum over completing our will and what to fill in regarding beneficiaries.
My husband has so far (following a discussion with his father) suggested that 'in the event of a family tragedy, ie, we all get wiped out, 100% will fall to his sibling'. I've questioned him as to why our 'wealth' wouldn't be split between my siblings too, to which he replied why should my father's inheritance go to your siblings?
Admittedly, he will receive a much larger inheritance than me. But my immediate thoughts are surely once we are married, everything, inheritance and all, would be split equally between all siblings, on both sides? Maybe not? I'm afraid I know nothing on this subject!
I will inherit a small amount from my parents. Do we start stipulating this bit goes to sibling 1 and 2, and this bit goes to sibling 3 and 4? Presumably, if we are going down this route, there needs to be a distinction between inheritance and 'earned' wealth?
Ive spoken to a sibling and they have overlooked this question and aren't answering it. They are happy for their wealth to be split equally between all siblings on both sides. This is what I assumed would be the case.
Does anyone have any advice please on this rather sensitive topic? He's not completely closed to the idea of discussing it, I just thought it would be useful to get some other views. Thank you!