Questions about Wills to partner/spouse

[mate69]

Hi all,

 

This is a genuine question for any inputs from those who are in the know here.

I would like to know: What options do I have regarding doing up a will to my

partner but I also know he is a poor manager of money and tends to make 

very poor money management decisions regarding this issue.

 

What avenues do I have to ensure that while putting up a will with him as a beneficiary, he does/will not

have the ability make lousy and poor decisions about this in my absence? Or perhaps a staggered small

amount each month with a trustee ? Any other insights on this please?

 

I have tried to broach this topic but he gets all defensive and thinks I am too controlling 

with regard to finances but the truth of the matter is that simply, he is a poor steward of money

and doesn't know how to save and conserve and only thinks of the present, an extremely short-sighted

perspective that has gotten us into many fights and arguments on this issue.

 

Genuine inputs only please. 

 

Edited April 20, 2019 by mate69

[Adrius90]

You can invoke a lasting power of attorney by getting people whom you can trust and agrees to act in accordance to your letter of wishes.

[mate69]

3 hours ago, Adrius90 said:

You can invoke a lasting power of attorney by getting people whom you can trust and agrees to act in accordance to your letter of wishes.

 Thank you.

 

It was a grave mistake on my part.

[Cube3]

Invest the money in a property, assign rights to stay or to rent but sell only with agreement of trustworthy 3rd party. That's a possibility.