During a discussion on Loose Women today, the reality star admitted that she hadn't updated her will since her split from the singer back in 2009.
The 38-year-old went on to marry Alex Reid in 2010, before they went their separate ways two years later, and current spouse Kieran Hayler in 2013, with whom she has two children.
Katie commented: "Talking of wills, if I died now, Pete would get everything! Junior, Princess and Harvey… I haven't even changed my will, thinking of it."
The blonde continued: "Let's hope nothing happens – why should they get everything? I've been married twice since Pete. Jesus!"
Katie Price admitted her ex Peter Andre would inherit everything if she died
Katie Price and Peter Andre split way back in 2009
Loose Women confessions
Fri, February 10, 2017
The candid Loose Women panelist are always shocking us with their confessions. Here are some of the best revelations.
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Katie Price revealed shocking sexual abuse aged 7 led to modelling career
Let's hope nothing happens – why should Peter Andre get everything?
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Her co-star Jane Moore told her: "Instead of making the next nail appointment, make a will," to which she replied: "Honestly, I've had a wake-up call."
Earlier in the show, Katie was left red-faced after seemingly forgetting her children's names, following a conversation on who would look after them if she passed away.
She said: "It's a serious thing, everyone should think about it. I'm definitely going to have to do that."
Katie Price told her fellow Loose Women stars she hadn't changed her will
Katie Price and Jane Moore also did their best Baywatch impression
Going on to list her little ones, Katie accidentally said: "Jenny… Jenny! I haven't had a Jenny! I don't even know their names…"
She laughed: "It's a secret one I've had in my 'blended family'. Jett and Bunny would be with Kieran, and I know that he'd have Harvey."
During the latest instalment on the ITV show, Pamela Anderson spoke about the upcoming Baywatch movie, while Joey Essex said he was on the look-out for an older lady.
Loose Women airs weekdays at 12.30pm on ITV.