I got married again a year ago (2nd marriage) and this is my wife’s 2nd marriage too. We have children from our first marriage but none together. We want to sell our individual investment properties and buy a family home. I have read a bit about binding wills. Will this help us solve a problem if one of us passes away suddenly? Any experience with these?

I am separating and I have been doing some research. I spoke to a solicitor, and he said I should do consent orders. It is very expensive. I have had friends tell me that I should look into do a binding agreement for separation. It seems to be a lot cheaper. Has anyone been through the process and can guide me?