My wife has early onset dementia and has been diagnosed for 3 years although I was aware of something wrong for a few years before that.
I am 62 and she is 59 but we never got round to making a will although we discussed it often enough. Hey ho.
Now I feel I should make one and intend to use a simple form from the Post Office.
My question is twofold.
1. Should I leave everything to her, (which is what I would have done in happier times). I have 2 grown up, supportive children who would become LPA attorneys for her in the event of my death. Or should I leave to the children, my share of the house and assets, given that my wife is incapable of managing financial affairs now.
It's from the point of view of a practical arrangement rather than avoiding inheritance tax.
2. I could make a similar will for my wife given that she is still capable of understanding at the moment but it would be me writing it. If I get 2 friends as witness she would happily sign it. Would that be unlawful or unethical?
Any advice welcomed.
I am 62 and she is 59 but we never got round to making a will although we discussed it often enough. Hey ho.
Now I feel I should make one and intend to use a simple form from the Post Office.
My question is twofold.
1. Should I leave everything to her, (which is what I would have done in happier times). I have 2 grown up, supportive children who would become LPA attorneys for her in the event of my death. Or should I leave to the children, my share of the house and assets, given that my wife is incapable of managing financial affairs now.
It's from the point of view of a practical arrangement rather than avoiding inheritance tax.
2. I could make a similar will for my wife given that she is still capable of understanding at the moment but it would be me writing it. If I get 2 friends as witness she would happily sign it. Would that be unlawful or unethical?
Any advice welcomed.