Do it while you can

[Grianan]

If you were to put a house in trust and had other assets in excess of the basic IHT allowance then it is worth checking that doing so does not stop you accessing to enhanced property- dependent IHT allowance.

 

[Sapper520]

We’re alive, so we’re helping our kids and their families out as much as we can. Once we’re dead we won’t get to see the benefit of anything we pass on to them……our boys and their wives are great. They supply me with beer and the Grandkids laugh when I trump…….their parents don’t let me say fart.

Flip side to that is my In-laws are well and truly rolling in it (not quite millionaires but close enough) and they’re as tight as a ducks bum. When they go they want to be buried like gods……with all their wealth buried with them.

 

[Rapido925M]

We’re alive, so we’re helping our kids and their families out as much as we can. Once we’re dead we won’t get to see the benefit of anything we pass on to them……our boys and their wives are great. They supply me with beer and the Grandkids laugh when I trump…….their parents don’t let me say fart.

Flip side to that is my In-laws are well and truly rolling in it (not quite millionaires but close enough) and they’re as tight as a ducks bum. When they go they want to be buried like gods……with all their wealth buried with them.

My philosophy is the same

MiL believes that the average cost of a funeral is £300 000 and guards her money closely. I have explained to her that the advert which she “remembers” said £30 000 and I have shown her receipts for two recent funerals (which she “enjoyed”) costing approximately £3 500. However, she doesn’t want to be a burden when she dies! Her savings accounts exceed £300 000, she has other investments and owns property.

Meanwhile she comes out with her family and expects them to pay for everything. Christmas presents are embarrassing and if she gives anyone a birthday card then it will be cheap and probably inappropriate.

But we love her.

Gordon

 

[steve69]

My philosophy is the same

MiL believes that the average cost of a funeral is £300 000 and guards her money closely. I have explained to her that the advert which she “remembers” said £30 000 and I have shown her receipts for two recent funerals (which she “enjoyed”) costing approximately £3 500. However, she doesn’t want to be a burden when she dies! Her savings accounts exceed £300 000, she has other investments and owns property.

Meanwhile she comes out with her family and expects them to pay for everything. Christmas presents are embarrassing and if she gives anyone a birthday card then it will be cheap and probably inappropriate.

But we love her.

Gordon

Maybe if you had a little chat with her about inheritance tax and how rich the taxman will become when she goes.

 

[Sapper520]

My philosophy is the same

MiL believes that the average cost of a funeral is £300 000 and guards her money closely. I have explained to her that the advert which she “remembers” said £30 000 and I have shown her receipts for two recent funerals (which she “enjoyed”) costing approximately £3 500. However, she doesn’t want to be a burden when she dies! Her savings accounts exceed £300 000, she has other investments and owns property.

Meanwhile she comes out with her family and expects them to pay for everything. Christmas presents are embarrassing and if she gives anyone a birthday card then it will be cheap and probably inappropriate.

But we love her.

Gordon

My In-laws aren’t particularly pleasant people.

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[HKF]

Three out of our four children are written out of our French and English Wills (for both French and English assets). It may sound harsh but that's the way it is. I don't see why we should leave anything to greedy, unappreciative people.

 

[Rapido925M]

Maybe if you had a little chat with her about inheritance tax and how rich the taxman will become when she goes.

Tried that.
1 I'm a little poor old widow woman: they will not take my money
2 I've spent my life working in the NHS: they will know that I've already given more than enough
3 You're only trying to take my money from me: I have already given you £5000 (20y ago)
4 I haven't got enough to buy new bras: why should I give money to you?
5 I don't understand why two of my grandchildren plus their families are living in caravans: why don't they buy a house?
6 I enjoy searching in charity shops to find something which I think will suit you as a Xmas present. (This year I got a USB waterproof speaker which only charged up once: now in the bin.)

When she comes to stay at ours she doesn't even bring a teabag: she will ask for a glass of wine at night.
When we visit hers we have to stop her re-using teabags: a "drink in the evening" means she will get a glass of water for you.

She doesn't want to go to the bother (expense?) of setting up LPAs for health or finance: "everything will work out OK". Other members of the family support her in this belief. Having had recent experience with my Dad (RIP) I think that they are being overly optimistic BUT my wife and I are only one voice.

Gordon

 

[Sapper520]

Tried that.
1 I'm a little poor old widow woman: they will not take my money
2 I've spent my life working in the NHS: they will know that I've already given more than enough
3 You're only trying to take my money from me: I have already given you £5000 (20y ago)
4 I haven't got enough to buy new bras: why should I give money to you?
5 I don't understand why two of my grandchildren plus their families are living in caravans: why don't they buy a house?
6 I enjoy searching in charity shops to find something which I think will suit you as a Xmas present. (This year I got a USB waterproof speaker which only charged up once: now in the bin.)

When she comes to stay at ours she doesn't even bring a teabag: she will ask for a glass of wine at night.
When we visit hers we have to stop her re-using teabags: a "drink in the evening" means she will get a glass of water for you.

She doesn't want to go to the bother (expense?) of setting up LPAs for health or finance: "everything will work out OK". Other members of the family support her in this belief. Having had recent experience with my Dad (RIP) I think that they are being overly optimistic BUT my wife and I are only one voice.

Gordon

I am no longer in contact with my in-laws (blocked them on my phone and email etc), and my wife only keeps in contact out of duty.……they live 750 metres away and in 30 years have hardly bothered to knock our door, which they pass in their car most days.

Their attitude is, ‘if we don’t gain, we don’t bother’. Total users the pair of them.

Our sons have had enough and don’t bother with them any longer….luckily for them they live 100’s of miles away.

We know we’re not in any will.

 

[Andycap]

Don't give up digger john just think of the lazy days in the sun and the enjoyment you have had.

 

[Coolcats]

Three out of our four children are written out of our French and English Wills (for both French and English assets). It may sound harsh but that's the way it is. I don't see why we should leave anything to greedy, unappreciative people.

I sacked my elder sister, I can only describe her as Joan Collins on speed, self centred and money grabbing, we do not have kids but family is about those who care for your physical and mental well-being we have friends like this and we count them as family. If family members cause harm pain or suffering just sack them. I did and happy I did

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[HKF]

I sacked my elder sister, I can only describe her as Joan Collins on speed, self centred and money grabbing, we do not have kids but family is about those who care for your physical and mental well-being we have friends like this and we count them as family. If family members cause harm pain or suffering just sack them. I did and happy I did

With you all the way!

 

[Wabs]

I totally with the previous posts, I don’t have many friends( probably my choice) but family takes the biscuit, I always try to help people out but have constantly had the piss taken out of me for years, my Dad used to say to me ‘ it’s enough to know” and I really understand that now,, we just intend to live the rest of our life out doing what makes us happy,if the family doesn’t like it then