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Will / trust

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Comments

  • Skint_yet_Again
    Skint_yet_Again Posts: 8,714 Forumite
    Part of the Furniture 1,000 Posts Hung up my suit! Mortgage-free Glee!
    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/p1
  • Savvy_Sue
    Savvy_Sue Posts: 47,577 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    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 mind
  • Skint_yet_Again
    Skint_yet_Again Posts: 8,714 Forumite
    Part of the Furniture 1,000 Posts Hung up my suit! Mortgage-free Glee!
    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/p1
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