I'm dying of cancer

missmsp

I've been diagnosed with secondary breast cancer on my lung. I don't know how long I've got but I'm hoping for a couple of years. I have no dependants and my estate will go to my family parents/sibling. I am 49.
I've always been a good moneysaving girl but now my priorities have changed as my mortgage etc will get paid off when I die. I want the money now so I can enjoy myself & travel.
I've thought of getting a break from mortgage payments as a starter but have you any other suggestions that would release funds now that will get paid off when I die.
I don't want to go down the equity release of my home just yet.

Quasar

missmsp wrote: »

I've been diagnosed with secondary breast cancer on my lung. I don't know how long I've got but I'm hoping for a couple of years. I have no dependants and my estate will go to my family parents/sibling. I am 49.
I've always been a good moneysaving girl but now my priorities have changed as my mortgage etc will get paid off when I die. I want the money now so I can enjoy myself & travel.
I've thought of getting a break from mortgage payments as a starter but have you any other suggestions that would release funds now that will get paid off when I die.
I don't want to go down the equity release of my home just yet.

Ok, I really cannot answer your particular question, but I just want to wish you the best, and hope you have more than 2 years left.

dazza32

hi there im sorry to hear that but just thought i,d say your thinking right go around the world or something enjoy the time you have,,,, just try and relise as much funds as you can ,, (i,d take out loans everywhere if it was me ) as they would be void in the end :beer: and get partying not like these big companys cant afford it is it lol ££££££££££££

missmsp wrote: »

I've been diagnosed with secondary breast cancer on my lung. I don't know how long I've got but I'm hoping for a couple of years. I have no dependants and my estate will go to my family parents/sibling. I am 49.
I've always been a good moneysaving girl but now my priorities have changed as my mortgage etc will get paid off when I die. I want the money now so I can enjoy myself & travel.
I've thought of getting a break from mortgage payments as a starter but have you any other suggestions that would release funds now that will get paid off when I die.
I don't want to go down the equity release of my home just yet.

vik6525

OMG... I have no advice whatsoever...... but ((((hugs))))

candygirl

Aww that's awful news hun, and I hope you have a great time however long you do have left.My dad is in the same situation with prostate cancer at the moment, and is taking it one day at a time and having little holidays, days out and time with the family.
I once watched a programme on people in your situation doing the equity release thing,and always liked the look of it.I know there are bound to be pitfalls but look into it.
Hugs xxxxx

Glitzkiss

Perhaps paying a visit to an independent financial advisor should be your first step as they should know all the tricks available to you.

btw, hugs and all the best to you. I hope the next few years extend for a long time and you are happy and pain free for them. also, now would be a good time to borrow money from people

absolutebounder

Dont give up Cancer is beatable. It helps to have positive attitude.

frannyann

Hugs, no real advice as I would assume you have macmillian involvement who will help with correct benefits and rights, if not PM me and I will find out for you xx

wendy05

with secondary cancer there is no way of predicting the timescale, what is important is to know whether it has possibly spread to other parts of the body, entered into the lymph system or blood. - whether it is benign or not - whether it will respond at least for a time to chemotherapy or other medication etc to be given a prognosis. you need to ask questions to know where you exactly stand.

it is better to sort out issues sooner than later since later a person is very often not in a fit state to deal with these issues.

and make the most of the time to do what you need to do as and when you can.

Curious_Moose

Being practical....if you have any pension arrangements check them out for death benefits. Your current employer may have 4xsalary lump sum payable and also a spouse's pension. From what you have said, I've inferred there is no spouse.

If you have any pension benefits with a previous employer, the fact that you are not married could be significant if it is a "defined benefit" scheme. These often allow for a spouse's pension on death before retirement plus a return of contributions. If you have no spouse, you may only get a return of any contributions paid. In this particular scenario, you may be better off taking a transfer value to a personal pension. In that case, the full value of your fund would be payable on your death to your nominated beneficiaries rather than just the return of contributions. This all depends on the scheme rules though.

Obviously, this isn't financial advice. Just something for you to raise as an issue should you consult with a financial advisor if you put your affairs in order.

In any event, best wishes at this difficult time.

absolutebounder

Dont forget to make a will if you havent already otherwise your estate may not go where you would like it to