another live for ever or die trying question

Keep_pedalling

So after all these months are you any closer to sorting out your wills?

Oh! by the way don't leave your money to the Royal Chelsea hospital, as it is a charity and apparently you don't want any charities get hold of any of your money.

Of course you could always just burn it, so no one gets it

Uneducated_Archie

Keep_pedalling wrote: »

So after all these months are you any closer to sorting out your wills?

No, NOT yet. I'm waiting on some medical tests which might affect my longevity.

Keep_pedalling wrote: »

Of course you could always just burn it, so no one gets it

Might be difficult on my deathbed.

Sadly my mother died on mothers' day. She didn't make a will. Her brother who died last year left his estate to her, the house has been sold (distance between living mother and her brother about 320 miles). My uncle stated in his will that if mother died her three children: my sister, brother and myself would inherit. Thus far matters haven't been finalised. My sister contacted the solicitor dealing with my uncle's estate informing him that mother had died.

I spoke to my (younger) brother after the funeral, I hadn't seen or spoke to him since 1971 he stated he had made a will and had "trusted" the house to his two sons and was living in the house for free. I suppose the two sons (never seen them) could kick him out as a squatter! I wouldn't be able to "trust" the house because I don't have any children or grandchildren.

NordicNoir

Uneducated_Archie wrote: »

Sadly my mother died on mothers' day. She didn't make a will. Her brother who died last year left his estate to her, the house has been sold (distance between living mother and her brother about 320 miles). My uncle stated in his will that if mother died her three children: my sister, brother and myself would inherit. Thus far matters haven't been finalised. My sister contacted the solicitor dealing with my uncle's estate informing him that mother had died.

Sorry to hear about your mother.

Remember that your uncles will is relevant only at his date of death. Your mother was alive, so that still stands. The part of his estate that was due to your mother is included in your mothers estate for probate and IHT and will pass per intestacy and not to who your uncle would have given it to had your mother died before him.

Keep_pedalling

Your uncle's estate now forms part of your mother's estate, so the chances of IHT applying to her estate is greatly increased.

Why are you still dithering on your will? Whatever the results of these test, does not change the fact that any of us can drop dead tomorrow.

Just get it sorted, not to do so is frankly idiotic.

getmore4less

Uneducated_Archie wrote: »

I spoke to my (younger) brother after the funeral, I hadn't seen or spoke to him since 1971 he stated he had made a will and had "trusted" the house to his two sons and was living in the house for free. I suppose the two sons (never seen them) could kick him out as a squatter! I wouldn't be able to "trust" the house because I don't have any children or grandchildren.

if it has been done with a proper trust they can't kick him out.

margaretclare

I'm intrigued by all this.

(1) Do NOT go anywhere near a 'wealth counsellor'! This will be someone who works for the bank and is there to make sure you buy into some of the bank's own investments. He/she can't recommend a wide spread of investments or any except the bank's own. This obviously limits the possibility of growth.

(2) So your mum finally died having inherited her brother's estate. That makes her one rich deceased lady and is a reminder of the old saying about the absence of pockets in a shroud.

I am amazed at the short-sightedness of anyone who thinks of saving trouble/expense by not making a will.

It wasn't Lenny Henry but Bob Geldof who shouted 'give us your f***ing money' but the same could be said - they're all very rich guys. Not all charities are the same. In my will I've left a legacy to a local wildlife hospital and they really are grateful for help. I also support the Wensleydale Railway. If you want to give to charity, of course there is no reason why you have to wait until you're dead. If your favourite charity has particular projects on then give them money now. Big, publicised charities where you don't know how/where your money is used - no, I don't do that.