Prosperous soul in the making

savingholmes

Thanks Bad Memory
I have 2 kids. One is 18 and one 23. Want to make life easy for them if possible. Can't get ill health insurance due to various conditions. They don't need a house this size though.

As an alternative considered paying money into pension or mortgage to reduce the shortfall quicker. 

I appreciate your vote for counseling and cleaner. I am due a back dated pay rise so could wait for that. Or unlikely to still need counseling in a year, I could address it then...

savingholmes

Counselor just cancelled tomorrow due to unforeseen circumstances so helps my budget. I also have a report I need to finish for work so that will be a lot easier now as can work later if needed.

I have a body balance class tomorrow which ends with meditation. I am looking forward to that. Getting to know the regulars.

Been making myself hang up and put away my clothes tonight 😜 I don't know why I still find such simple things so hard!!

badmemory

Even more to the point - have you made a new will?  They are old enough to be made executors.  Don't forget POAs.  £82 each & you can DIY quite easily (not the will).  It would hopefully stop ex from pulling out the father card & taking over.

savingholmes

Good point. I need to revise my will and do new expression of wish forms for three pensions. POA I would give one of my sisters.  Need to think that one through more. I have named her as next of kin for work...

SandyShores

Love meditation - I'm very new to it but am going to try and fit it into my day.  Putting things away is really important for a clear head - I feel so much better when I've tidied things away (I tend to let clutter build up a bit).

With life insurance vs pension.  Someone once said that, with pensions its like you are betting that you'll live, but with life insurance the bet is that you won't.  It helped me think about it in terms of what I was prepared to wager.  We have life insurance at the moment as we don't want to cope with a mortgage if anything happened to one of us.  But if something happened to both of us DD says she'd sell the house so I wouldn't bother with the life insurance if it was just me, or once the mortgage is paid off.  

Agree with badmemory, it happened to a friend of ours, when the mum died, the dad and new wife were trying to claim all the stuff that had been split in the divorce.  Thank goodness she'd made a will and appointed executors.

Sorry if that all sounds a bit negative, but its good to get the practical things sorted.

Grogged

As we're talking wills, have you done the same with your pensions?
I'd vote for the cleaner first and counseling second if you need to make a choice.
Hopefully it won't come to that, but you already recharge with your garden, art and the nature around you.
Take care, G.

SandyShores

I think I'd second Grogged.  Could you space the counselling sessions out a little?  My physio always does that when I go to see him - we start off weekly usually and then as I get better they go to two weekly, monthly/ two monthly, three monthly and then a six monthly maintenance visit.  Until it all goes wrong again of course and then we start over again   I might stick to three monthly this time.

mark55man

You don't really want a sibling to be your POA, executor maybe if you die young.  But usually its a few years between kicking a POA off and when you need it.  If its many years your sis may be worse than you !!

There's a big POA thread - a bit repetitive and things have changed since it started, but worth a read just to get your head around a few things

badmemory

The best thing with POA is to keep it simple.  So the thing to do is talk with the various people you may want as a POA & find out if what they want is the same as you.  There are silly little things you can do that CAN totally mess things up.  One person was dealing with one that said for his GP to tell his POA what was going on.  Unfortunately they landed up in hospital & the hospital decided that it excluded them from telling the POA.  Personally I think the doctor was on a power trip but without the sentence about the GP there wouldn't have been an issue.

mark55man

Yes, that is the thing I got from the thread, The more you try and put specific details in the greater the chance of making it inoperable because of a technicality. You have choices but don't try and dictate or predict the future.