[Mothy]

Something to also consider is how the money flows once you are gone - important if your wife is of an age where it is likely that she may re-marry. If you have left your estate to her and she then remarries and dies before her new husband, your estate does not automatically flow to your kids unless you have made provisions/conditions in the original will - the new husband may walk off with a sizeable chunk.

One way may be to leave your estate to your kids with the condition that your wife has the benefit from it till she dies.

Also consider why you want to wait till you are dead before they benefit. If all you are doing is sitting on the money, use it to help them out whilst they are young and you get to see the results. Life is short and you're a long time dead.

As for having enough money to look after young kids if you are both killed - well thats why I have life insurance. As I get older and my debts get smaller and kids grow up and become independant I have less life cover. The life cover is calulated to provide enough to support the kids till they are old enough.

The last thing I would do is seek to control the kids once I'm gone via conditions and special clauses. Imagine if your own parents did it to you. (Perhaps they did )

Tim