Inheritance and Will. Is it fair for a husband to give his son (wife's stepson) a higher share of his assets?
I've been with my husband for 21 years and married for 5 of those. A few years ago we both wrote and agreed on our wills. My husband wants his son and I to get equal amounts. This is achieved by me sharing the son's inheritance tax bill. As wife I have no tax liability so because of this setup I'm effectively receiving less than his son. Because of the value of the estate the amount is significant.
The main asset is property which my husband had inherited from his family and had when we met. I didn't have children with him and through my job earned more income than him. We've therefore pretty much kept finances separate. My situation has now changed.. Current taking time off and I think then working part time so I'll be earning less. Whilst I'm not working Income from his property is paying day to day bills.
I'm interested to know what people think about the inheritance situation.