At present, her three kids are aged 7 and under. If I specifically name the three kids in the will I understand each of them also has a €49,682 threshold and her husband also has a threshold of €24,481 so that would exempt the whole lot?
In your opinion, would you be annoyed if somebody left your kids money with a proviso that it would be held in trust for them (with you as trustee), until they're, say, 21?
For what its worth, if you don't mind me saying so, you are really wasting your time posing these questions here.
I'd have to disagree. In the space of two hours I've picked up several opinions I consider useful.
Not your relative but your children (legimate or otherwise) may have a valid claim on your estate, if you do not provide for them, if it can be shown that they are dependant on you - up to aged 23, if in full time education.
just one thing what happens god forbid and all that if you did pass away and your sister had split with her hubby before you got a chance to update the will (you wouldn't want him having a few bob) reckon leave it all to your sis and if she pays tax let it happen with a bit of luck its all a long way off
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