Do it while you can

[Ingwe]

My father in law died last year. His house was almost squalor like and he actually told my husband he had lived a frugal life to be able to pass on his inheritance. Wonderful as that was, he left us a huge inheritance but to see how he lived was pitiful and terribly sad. We are going to help our 3 children out with lump sums and then use the rest to improve our house and to travel in the motorhome as much as possible. Our children are completely behind us. One has bought her own T5 and converted it. I have lost a few friends and colleagues over the last few years and it makes you appreciate what you have. A friend said to me recently….we should have a bank of memories not a bank of money. How right he is.

I’m not giving advice merely expressing an opinion that once one’s material needs are secured one should consider helping out kids, friends etc with lump sums which, if you survive 7 years after the gifts, are exempt transfers for tax purposes. I agree with MichelleRyall and her approach.
Let’s hope there’s something left of the world for those following us to enjoy. We at least have the memories.

 

[Coolcats]

This may seem odd but I read a book by Bronnie Ware an Australian Palliative nurse called ‘The top five regrets of the dying’ it’s a wonderful book which will put things in perspective, she listed the top five regrets as stated by most of her patients all had only 5 to 8 weeks to live.
No 1
I wish I’d had the courage to live a life true to myself not the life expected of me

No2
I wish I hadn’t worked so hard

No3
I wish I had the courage to express my feelings

No4
I wish I had stayed in touch with my friends

No5
I wish I had let myself be happier

I think Motorhoming can help anyone who wants to address No’s 1,2,4,and 5, as for No3 I guess it depends on what you write on the side of your van !

The book is really well worth reading whilst you have time to change.

No 3 would get me and most others on this site issued with an immediate deportation to Coventry........for life.

 

[Coolcats]

I have spent millions on drag racing (mostly sponsorship) so any hardship is my fault and there is no inheritance.

OMG you have given so many people happy times you wouldn't have happened to have run a Top Fuel by any chance or was your choice something like a Funny Car.

What ever you ran a big thank you for the times you ran your Dragster

 

[busbuddy]

Licensed in a top fuel - couldn't get backing
Ran funny car for a season, did pro mod for a few years, tried pro stock but big teams based in Scandinavia, pro street, street eliminator in which I ran faster than all the pro mods from 20 years previous ....plus crewed for many including pac performance on their 2016 usa tour
Spent it, broke it, crashed it, now just a bit of crew work if I'm needed as body is full of titanium and work like it should

 

[Spriddler]

"Granddad, can you make a noise like a frog?"

"Well yes of course, but why do you ask?"

"Cos Daddy said when granddad croaks we can go to Florida".

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[Fragle]

No 3 would get me and most others on this site issued with an immediate deportation to Coventry........for life.

Honesty is the best policy. Least it answers my question. Why do I live here?

 

[nicholsong]

I’m not giving advice merely expressing an opinion that once one’s material needs are secured one should consider helping out kids, friends etc with lump sums which, if you survive 7 years after the gifts, are exempt transfers for tax purposes. I agree with MichelleRyall and her approach.
Let’s hope there’s something left of the world for those following us to enjoy. We at least have the memories.

Don't forget one is allowed to donate £3,000 a year tax free.

 

[Puddleduck]

My eldest brother is a millionaire and spends his time doing diy in his 3 children's houses that he bought them, each to their own

Maybe he likes getting his hands dirty so to speak.

When our children bought their own houses they could have just got someone in to do all the jobs that needed doing but all of them asked us to show them how to make a good job of the smaller diy tasks (and some of the bigger ones!) By doing things you can yourself it adds a sense of pride and achievement. I do wince when I see my daughter's plastering though She was too impatient to get the job finished and didn't wait for it to dry completely. When the redecorate I will help her to do it correctly. Strangely plastering is a job I really enjoy

 

[Coolcats]

Licensed in a top fuel - couldn't get backing
Ran funny car for a season, did pro mod for a few years, tried pro stock but big teams based in Scandinavia, pro street, street eliminator in which I ran faster than all the pro mods from 20 years previous ....plus crewed for many including pac performance on their 2016 usa tour
Spent it, broke it, crashed it, now just a bit of crew work if I'm needed as body is full of titanium and work like it should

Wow this is life as it should be…full on good for you and just how exciting it’s motor racing as it should be right on the edge of sanity or is that infinity and beyond

 

[nicholsong]

Another complication to donations and one's inheritance is where the beneficiaries will be resident on one's demise.

From initial research, even putting it into an off-shore trust will not protect it from some countries' 'Death Tax', but may assure that the income is only taxed as such.

I can envisage our tax residence status changing, according to Mother's health, several times in the next 5-10 years, but it is expensive to re-write Wills, Trust Deeds etc. Eventually the capital sum may not be worth the trouble.

Geoff

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[busbuddy]

Maybe he likes getting his hands dirty so to speak.

Nah, he is crap at it

But seriously everyone should do what feels right for them, if working forever and counting money in the bank is your thing then go for it, same applies if you want to travel around the world skint and making it up as you go

 

[nicholsong]

Licensed in a top fuel - couldn't get backing
Ran funny car for a season, did pro mod for a few years, tried pro stock but big teams based in Scandinavia, pro street, street eliminator in which I ran faster than all the pro mods from 20 years previous ....plus crewed for many including pac performance on their 2016 usa tour
Spent it, broke it, crashed it, now just a bit of crew work if I'm needed as body is full of titanium and work like it should

Is there a dictionary translating from this language to MH English?

Because I do not understand any of it.

I assume busbuddy must be some sort of 'Super Petrolhead'

 

[pagey]

Is there a dictionary translating from this language to MH English?

Because I do not understand any of it.

I assume busbuddy must be some sort of 'Super Petrolhead'

you got that right

 

[nicholsong]

Maybe he likes getting his hands dirty so to speak.

When our children bought their own houses they could have just got someone in to do all the jobs that needed doing but all of them asked us to show them how to make a good job of the smaller diy tasks (and some of the bigger ones!) By doing things you can yourself it adds a sense of pride and achievement. I do wince when I see my daughter's plastering though She was too impatient to get the job finished and didn't wait for it to dry completely. When the redecorate I will help her to do it correctly. Strangely plastering is a job I really enjoy

Helen

In my first job as a builder's labourer I sometimes had to mix for plasterers - fussy bastards, but then you learned why.

The mix just had to be able to flow without being too wet. Also they needed a bucket to be able to wash the finishing trowel regularly - if a trowel 'drags' it ruins the job and you start again.

My amateur experience.

Your comment Helen?

Geoff

 

[Coolcats]

Is there a dictionary translating from this language to MH English?

Because I do not understand any of it.

I assume busbuddy must be some sort of 'Super Petrolhead'

busbuddy is a super hero just look at the power a top fuel outputs

A top fuel dragster accelerates from a standstill to 100 mph (160 km/h) in as little as 0.8 seconds (less than one third the time required by a production Porsche 911 Turbo to reach 60 mph (100 km/h))[1] and can exceed 297 mph (478 km/h) in just 660 feet (200 m). This subjects the driver to an average acceleration of about 4.0 g0 (39 m/s2) over the duration of the race and with a peak of over 5.6 g0 (55 m/s2).

Go to Santa Pod and experience this for yourself, take ear defenders and be prepared for the sound of thunder. You feel the power of these things as they pass. The only thing that is beyond the edge of craziness are the drag bikes

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[Coolcats]

Is there a dictionary translating from this language to MH English?

Because I do not understand any of it.

I assume busbuddy must be some sort of 'Super Petrolhead'

Here is a drag bike

 

[Puddleduck]

Nah, he is crap at it

But seriously everyone should do what feels right for them, if working forever and counting money in the bank is your thing then go for it, same applies if you want to travel around the world skint and making it up as you go

lol

One of my regrets is that we didn't take up the offer of crewing a yacht around the world when I finished uni. BUT my MIL became very ill and would have died when we were away - possibly we would have been in the middle of the Pacific by then with no easy way to get home so maybe these things do happen for a reason.

I tell myself there is still time to go round the world and we will - I'd like to do it before Martin is 70 and the insurance gets silly.

 

[Dorwyn]

Make sure you put your house in trust to your kids at least 7 years before you end up dribbling in a care home!

Is there any way I can find out when that will be? Or is it too late?

 

[Puddleduck]

Helen

In my first job as a builder's labourer I sometimes had to mix for plasterers - fussy bastards, but then you learned why.

The mix just had to be able to flow without being too wet. Also they needed a bucket to be able to wash the finishing trowel regularly - if a trowel 'drags' it ruins the job and you start again.

My amateur experience.

Your comment Helen?

Geoff

Spot on I cheat and buy ready mixed plaster but the more expensive type as the cheap ones tend to be gritty and a bit of grit dragged along in the final smooth makes you say rude words. I often have several sets of trowels and (favourite tool) squeegees on the go - one in use and the others soaking in a bucket of what was clean water. The water needs to be changed very regularly. The professionals laugh went they see the squeegee but after they try it they often look impressed as it gives a really smooth finish to the final final final top skim coat.

I plastered most of this house - not the top of the stairs (I couldn't climb the scaffold tower) and there was a little bit of a ceiling I didn't do as someone else wanted a go - I can tell where I didn't do it I knew I did okay when the Council building inspector asked me who the plasterer was as he had a wee job that needed doing

 

[Spriddler]

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[jessthedog]

All this talk of inheritance and the like, reminds me of a funny chat I had with my daughter and this advert
Its old but Still make me laugh

 

[Wabs]

We are , I’ve already told my stepdaughter and her older sister that we will leave them the house only .
No cash it’s being spent .

I would leave them bugger all,cheeky buggers

 

[Coolcats]

I would leave them bugger all,cheeky buggers

The Donkeys are not expecting or asking for anything and will be really appreciative of a warm coat and fresh Carrots in the winter

 

[Tony50]

My father in law died last year. His house was almost squalor like and he actually told my husband he had lived a frugal life to be able to pass on his inheritance. Wonderful as that was, he left us a huge inheritance but to see how he lived was pitiful and terribly sad. We are going to help our 3 children out with lump sums and then use the rest to improve our house and to travel in the motorhome as much as possible. Our children are completely behind us. One has bought her own T5 and converted it. I have lost a few friends and colleagues over the last few years and it makes you appreciate what you have. A friend said to me recently….we should have a bank of memories not a bank of money. How right he is.

I encouraged my Father in law when he was alive to spend his hard earned savings as I thought once he travels to the other side, his 2 children and 2 Step children will treat their few thousand as bunce and it will be gone very quickly, luckily he did spend to improve his final years.

 

[olley]

Here is a drag bike

Remember Alf Hagon? One of the older apprentices had a couple of Rudges just like the one he dragged, brass cylinder and 4 valve head, a bike from the 20's beating the 1960's machines.
I wonder if he kept them? Cheap then but be worth a lot now.

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[Tony50]

Entirely agree. With these new inflation figures, a dire stock market and such uncertainty any savings could soon dissipate. Going to spend our inheritance on the garden and new car when we get back from Spain!!

We have Investment handled by an Financial Advisor lost 11 percent in last year , phoned he said "O stockmarket fluctuating, American economy etc. ",I said well I pay you to increase the value , I can throw my money down the drain for nothing , then he said you should worry I have to phone someone who's lost £126000, I saw red and told him I am not concerned about someone else's money only our pittance .

 

[jolly]

I forgot to add that we bought each daughter a second hand car for their 18th. And then a large deposit down for their house when they married. We certainly were not well off and went into debt for them. We are now in a comfortable position and they just want us to enjoy our lives as they are. Must think about that 7 year thing though and will speak to hubby about it.

 

[pampam]

I love the donkey sanctuary especially at sidmouth

 

[busbuddy]

busbuddy is a super hero just look at the power a top fuel outputs

Nope, I just have a different 'hobby'
There are people on here who hanglide, parachute, mountain climb, fly light aircraft, balloon, car/bike race, etc.....

 

[Coolcats]

Nope, I just have a different 'hobby'
There are people on here who hanglide, parachute, mountain climb, fly light aircraft, balloon, car/bike race, etc.....

indeed and its nice to recognise someone who engages with stuff and clearly enjoys it

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