Namely mine and Mrs TJs wills
If we both die ( no helmets tandem under a bus) there is around 1/4 million to be distributed. Who to leave it to is the question.
We have no children. My sister is comfortable middle class and does not need money, my two nephews could do with a few thousand to get thru uni, Mrs TJ has a bunch of nieces and nephews non of whom are poor and all of who are middle aged.
Mrs TJ has a bunch of great nieces and nephews (17??) most of whom we don’t really know and most of whom are in their 20s anyway.
My old will had some going to friends children they are now in their 20s and have families so a few thousand makes no odds to them really.
I don’t see why (for example) my nephews should get £60 000 from me (1/4 of the estate)
So – there is far more people on Mrs TJs side of the family than mine. Do we split it all up between all the generation below us and and they get £10 000 apiece? Some of these folk I have never met. (half to the few folk on my side of the family and half to her side or same amount to everyone?
£1000 to everyone (leaving £200 000+) and the rest in trust fund for education for anyone who needs it of any generation? How to decide who needs it?
Do we give the bulk to the poorer folk or distribute it equally? Or give everyone a token amount and the rest to charity? or sod the lot of ’em?
Thoughts?
Ta