We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Will / trust
Comments
-
We have still not received a valid grant of probate. Either the wording is incorrect or no hologram.Not sure what to do about the pecuniary legacy.?? Still waiting for the house to sell & council tax finally agreed cat F exemption applies. Council tax will become payable at 100% in 6 months then at 200% 6 months after that which would be upwards of £2500 a year. There is over £150k in savings so should hopefully be plenty to cover until house sells. 🤞 Should I pay the pecuniary legacy before estate is settled while we are still accruing debts (water, energy, council tax) ??0% credit card £1360 & 0% Car Loan £7500 ~ paid in full JAN 2020 = NOW DEBT FREE 🤗
House sale OCT 2022 = NOW MORTGAGE FREE 🤗
House purchase completed FEB 2023 🥳🍾 Left work. 🤗
Retired at 55 & now living off the equity £10k a year (until pensions start at 60 & 67).
Previous Savings diary https://forums.moneysavingexpert.com/discussion/5597938/get-a-grip/p1
Living off savings diary
https://forums.moneysavingexpert.com/discussion/6429003/escape-to-the-country-living-off-savings/p10 -
If you are CONFIDENT that the 'plenty' will cover all the expenses which may arise, then you could go ahead and pay the pecuniary legacy. If it's a very large% of the £150k, I'd hold back.
Also I found that while the house was unoccupied prior to sale, the water bill was frozen - obviously we were only using tiny amounts, on brief visits, but no charge for these.Signature removed for peace of mind0 -
Thanks @Savvy_Sue. I don’t think I am confident so I think I will wait. The pecuniary beneficiary does not know yet as I believe they would be asking for it and I know they could do with the money. The codicil is £3k but who knows if / when house will sell or if something expensive will need to be done / paid for.Water is on a meter & we are receiving bills albeit low usage. I’m looking for a lower standing charge energy tariff.0% credit card £1360 & 0% Car Loan £7500 ~ paid in full JAN 2020 = NOW DEBT FREE 🤗
House sale OCT 2022 = NOW MORTGAGE FREE 🤗
House purchase completed FEB 2023 🥳🍾 Left work. 🤗
Retired at 55 & now living off the equity £10k a year (until pensions start at 60 & 67).
Previous Savings diary https://forums.moneysavingexpert.com/discussion/5597938/get-a-grip/p1
Living off savings diary
https://forums.moneysavingexpert.com/discussion/6429003/escape-to-the-country-living-off-savings/p10
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.7K Banking & Borrowing
- 253.8K Reduce Debt & Boost Income
- 454.6K Spending & Discounts
- 245.7K Work, Benefits & Business
- 601.7K Mortgages, Homes & Bills
- 177.7K Life & Family
- 259.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards