Bad Bad Booby

beanielou

Fluck.
HOw scarey is that that it is growing so quick

Housework*Fairy

*wanders in*

*says Hello*

*shakes fist at KJ's bad-booby!* how very dare it return!

*subscribes*

mooomin

kissjenn wrote: »

I have to consider the morbid thought that if I'm very ill as opposed to pretty ill that I may just get dad to give it all to SB. Otherwise if it comes to me and I die then 40% will disappear to inheritance tax straight away.

Can it be given to SB with you as the POA for now?

Meh to morbid thoughts. Hope the case conference goes well, text me if you need anything - happy to be your grocery driver again - unlike your average supermarket delivery, I won't deliver badly-squashed fruit

chevalier

Do you have a friendly lawyer you can talk over this money issue with?

I am guessing that your dad is fairly elderly hence the quandary of what to do with the money? Ie he could give some money to both of you now, IF you knew that he would last 7 years to avoid the inheritance tax.....

What happens to the rentals by the same token? I am not sure I know how old SB is. Would he need a guardian for the money/rental properties?

And yes it is a bit morbid thinking about all this, but FAR better for those left behind that it IS sorted now, in the best way possible, then for it to be a mess to sort out. And extra taxes paid because of this.
chev

kissjenn

Hi all.

It's surreal Beanie...I feel very detached at times because it's too much to take in. I don't think it's in my liver, I think my livers messed up a bit from the first chemo and that's why the test results are so flaky.

Hello HF...do you do house calls she asks hopefully?? Very nice to have you along.

Oh Moo I don't know what to do. SB's a wee angel and he'd do exactly what was needed. It's a wait and see on Monday decision. It would let me pay off the mortgage and have a wee bit left or pay off most of the mortgage and have enough for a year.

My main stakeholder texted me today to say they missed me and really wanted me to come back. It was so nice and unexpected.

Dinner was lovely. Everyone's full of chicken. Kitten is busting out all over. He would make a valiant attempt on a turkey

kissjenn

Hi Chev, crossed posts.

I have a POA and will in place from last time. SB is fine and in trusteeship until he's 25. Both POA and executors know my wishes. SB and I wrote the trusteeship clause together because even more morbidly if he dies after me but before he's 25 then the estate reverts to me. We chose the second line beneficiaries and charities together.

Dad's estate is also find as it's well under IHT. He asked me to pay my brother half of the value in cash last year which I did. House devalued again so I get less than him - crappy position.

I'm firmly in IHT territory and it will be paid from my estate. However as the house was sold yesterday money hasn't cleared solicitors yet. If this is terminal then option would be to bypass me completely and it all go to SB with no IHT implications. Only my current value would be in question which would reduce SB'd IHT bill by £50k.

Monday will help frame the decisions that need to be made.

mooomin

kissjenn wrote: »

Only my current value would be in question.

Oh chicken, you're priceless

kissjenn

Current value is highly dubious. :rotfl:

mooomin

kissjenn wrote: »

Current value is highly dubious. :rotfl:

Well, you are a *little* soiled :rotfl: :rotfl:

Could just be gravy though

kissjenn

Chap at work is trying to get us all to sign up for blood, tissue and organ donation.

I've been on the register with small boy for years.

Wrote back and suggested they may want to consider mine "pre-treated" now :cool: