Friend's Will Has Expensive Unintended Consequence

Spendless

p00hsticks said:

Keep_pedalling said:

Spendless said:

When my Mum got POA for my Nan who went into a home with dementia she bought her a funeral plan. This meant when she died the funeral was already mostly paid for and meant the money she did have left (less any expenses that still needed to come out of her estate) could be shared between Nan's relatives as per her will. Nan was in her care home for 8 years so a lot of the money from the sale of her property had gone.

Whilst you don't have a choice as Executor but to give the money to the gf, maybe her POA could purchase a funeral plan with it (be careful which one as there's been issues with some recently) which in turn would mean if she lives in the care home long enough to be down to the minimum she can have it would mean that her funeral money isn't coming out of the bit she leaves.

I don’t see how this could help, and anyway POA ceases on the donors death and you can’t buy funeral plans for dead people.

`I think Spendless is suggesting that potentially the POA for the beneficiary could look into buyinhg a funeral plan for the beneficiary with part of the bequest. Thus potentially decreasing the amount left to be used up in care home fees and/or increasing the amount left in the estate when the beneficiary dies as the funeral wil lhave already been paid for.

Yes, exactly, thank you. 

bobster2

OP asked the question but doesn't seem to be coming back.

Silvertabby

Sadly, I suspect that being told that they must abide by the terms of the Will, instead of doing what they believe their friend would have wanted, isn't what OP wanted to hear from us.

lisyloo

The op said it would make no difference to her life.
Having looked at care homes there is a vast difference between those the Local Authority choose and the state of the art private ones that have been purpose built for this condition.

I would be letting her and her attorney know so that they can decide which facility she would be better off residing in.
This is a job for her and/or whoever has the POA/COP for health and welfare and not for the executor.