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Wills
Sept 4, 2017 18:19:09 GMT
Post by dyertribe on Sept 4, 2017 18:19:09 GMT
Dyertribe - Thanks for posting and the PM (will respond in a day or two). Others - Don't think that bad shit just happens to old gits, my wife became ill the day before our wedding, she managed the wedding but had to effectively discharge herself from hospital to be there, honeymoon was cancelled. Ten days later we found out what was wrong, terminal cancer with weeks to live. The next nine months were something of a living hell but somewhere in those months we managed to get wills sorted which really helped smooth the process after she died. You don't need to dwell on things/life but a small amount of preparation for the unexpected can really help. There's nothing like a real life story to drive home a point. AI your story leaves me without words. You're right, s*** happens no matter what age you are. Glad we don't have crystal balls that actually work, we'd never get out of bed in the morning.
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Post by patty on Sept 4, 2017 18:20:40 GMT
I sorted out mine..not quite straightforward due to family circumstances but at least now I'm reassured and can set aside worries...
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Wills
Sept 4, 2017 18:20:54 GMT
Post by dyertribe on Sept 4, 2017 18:20:54 GMT
I have just acted as executor for my mothers in laws will and also applied for grant of administration myself. My brother in law was also an executor but he didn't want to do it so he surrendered his role as executor which has to be done formally. For straightforward estates I certainly wouldnt pay a solicitor to do it, their charges will eat massively into any inheritances. It all looked very very daunting at first sight but in actual fact it was quite straightforward but her estate was not massive (no where near the IT threshold) and she didn't have a big property or share portfolio either. Importantly she had also made a will which made the whole thing a lot easier and straightforward. As well as the good advice in the opening post the gov.uk website provides excellent advice on what you need to do, what forms to use for IT purposes, applying for grant of sdministration and how to value the estate. The forms are a bit of a PITA but if you sit down and study them a couple of times it all falls into place. ed to add you.gov link - www.gov.uk/wills-probate-inheritanceI opened a account to completely manage her estate separate from our own monies which strictly you dont have to I understand but it made things much easier to keep track of the ins and outs and meant I could set up a DD for things like utilities on the house and wasn't paying that out of my own money. The persons bank will normally have a person in branch or or on the phone who deals with the accounts of deceased customers. They normally want to see evidence of your role as executor (ie the will) and photo ID/address evidence before they will deal with you. I made the final beneficiary payments just last night as it happens and will be closing that account this week. As well as the statement of the bank account I also kept a very straightforward spreadsheet of all transactions. Watch out for the DWP - they initially refunded her £168 underpayment just after she died but then just as I was about to close things down they contacted me wanting details of her estate and savings, this is to check that what she had told them when she applied for pension credit was correct. Of course it was (she was as honest as the day is long) but they are entitled to claim anything back from the estate if any benefits/credits have been incorrectly/over claimed by the deceased. Probate is a whole other thread! The true colours of many family members frequently show at such a time. I could write a book!
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Wills
Sept 4, 2017 18:21:41 GMT
Post by dyertribe on Sept 4, 2017 18:21:41 GMT
I sorted out mine..not quite straightforward due to family circumstances but at least now I'm reassured and can set aside worries... See? That's a sensible woman for you!
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Wills
Sept 4, 2017 19:28:12 GMT
Post by peterboat on Sept 4, 2017 19:28:12 GMT
Dyertribe - Thanks for posting and the PM (will respond in a day or two). Others - Don't think that bad shit just happens to old gits, my wife became ill the day before our wedding, she managed the wedding but had to effectively discharge herself from hospital to be there, honeymoon was cancelled. Ten days later we found out what was wrong, terminal cancer with weeks to live. The next nine months were something of a living hell but somewhere in those months we managed to get wills sorted which really helped smooth the process after she died. You don't need to dwell on things/life but a small amount of preparation for the unexpected can really help. Sorry about that mate but it makes you think and that is a good thing
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Deleted
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Post by Deleted on Sept 4, 2017 19:33:31 GMT
Dyertribe - Thanks for posting and the PM (will respond in a day or two). Others - Don't think that bad shit just happens to old gits, my wife became ill the day before our wedding, she managed the wedding but had to effectively discharge herself from hospital to be there, honeymoon was cancelled. Ten days later we found out what was wrong, terminal cancer with weeks to live. The next nine months were something of a living hell but somewhere in those months we managed to get wills sorted which really helped smooth the process after she died. You don't need to dwell on things/life but a small amount of preparation for the unexpected can really help. Sorry about that mate but it makes you think and that is a good thing Glad to see you are still alive.
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Wills
Sept 4, 2017 19:34:57 GMT
via mobile
Post by thebfg on Sept 4, 2017 19:34:57 GMT
there are no words and a shocking reminder of how life can turn.
thank you dt for writing such a great long post. I will go through it.
I keep meaning to do it. my employer offers the service.
can I find out how much and them ask you if that's a decent price?
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Wills
Sept 4, 2017 19:38:50 GMT
via mobile
thebfg likes this
Post by Deleted on Sept 4, 2017 19:38:50 GMT
Money is poison and fucks up familes after you die. Best leave it to a good cause. CRT for example...
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Wills
Sept 4, 2017 19:46:11 GMT
Post by dyertribe on Sept 4, 2017 19:46:11 GMT
there are no words and a shocking reminder of how life can turn. thank you dt for writing such a great long post. I will go through it. I keep meaning to do it. my employer offers the service. can I find out how much and them ask you if that's a decent price? Feel free! You need to check: if they offer advice or you just fill in a questionnaire. You want advice, you dont know what you dont know! If they appoint themselves (the will writers that is) as executors (you dont want that) Storage options. (That's another money making opportunity for the writer, store your will for free then tell the bereaved executor how difficult probate is and how they should do it for you and charge between 2% and 5% of the value of the estate for the pleasure regardless of how little work there is),
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Wills
Sept 4, 2017 20:07:53 GMT
via mobile
Post by thebfg on Sept 4, 2017 20:07:53 GMT
there are no words and a shocking reminder of how life can turn. thank you dt for writing such a great long post. I will go through it. I keep meaning to do it. my employer offers the service. can I find out how much and them ask you if that's a decent price? Feel free! You need to check: if they offer advice or you just fill in a questionnaire. You want advice, you dont know what you dont know! If they appoint themselves (the will writers that is) as executors (you dont want that) Storage options. (That's another money making opportunity for the writer, store your will for free then tell the bereaved executor how difficult probate is and how they should do it for you and charge between 2% and 5% of the value of the estate for the pleasure regardless of how little work there is), thank you. coop are my employer.
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Post by bills on Sept 4, 2017 20:55:10 GMT
I opened this thread expecting to read something about the Windsor boy, but it has been somewhat more thought provoking than that.
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Wills
Sept 4, 2017 23:05:16 GMT
Post by peterboat on Sept 4, 2017 23:05:16 GMT
Sorry about that mate but it makes you think and that is a good thing Glad to see you are still alive. This whole episode has made me think about things, and your story made me realise that planning for the future is a chore that I cant put off any longer. I really am sorry about your Wife, looking at what I put was less than compassionate maybe but meant in the best way. I am feeling better this evening so hopefully am on the mend, good luck for the future
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Wills
Sept 5, 2017 7:42:54 GMT
Post by bodger on Sept 5, 2017 7:42:54 GMT
having once stared death in the face for a week before I turned the corner, I can honestly say that death holds no fears for me personally. My only concern is for my family. Wife and I did our mirror wills in our 40's.
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Wills
Sept 5, 2017 9:56:29 GMT
Post by dyertribe on Sept 5, 2017 9:56:29 GMT
having once stared death in the face for a week before I turned the corner, I can honestly say that death holds no fears for me personally. My only concern is for my family. Wife and I did our mirror wills in our 40's. it is worth taking them out and dusting them off every 5 years or so to check that it is still fit for purpose. Are there any changes in family circumstances? Are your executors still willing/able to do the job? Are there any new grandchildren/children since it was written? Some people like to name their grandchildren in their Wills (we discourage it) and then find that they have not left anything to those born after writing the will.
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Wills
Sept 5, 2017 10:17:46 GMT
Post by Deleted on Sept 5, 2017 10:17:46 GMT
having once stared death in the face for a week before I turned the corner, I can honestly say that death holds no fears for me personally. My only concern is for my family. Wife and I did our mirror wills in our 40's. it is worth taking them out and dusting them off every 5 years or so to check that it is still fit for purpose. Are there any changes in family circumstances? Are your executors still willing/able to do the job? Are there any new grandchildren/children since it was written? Some people like to name their grandchildren in their Wills (we discourage it) and then find that they have not left anything to those born after writing the will. We had a family friend who's sole executor had passed away before they did. I cant recall now how the family resolved that one but I know it definitely complicated things. When my BIL wanted to pull out (after his mam died) and left me as sole executor I insisted he didn't completely withdraw but rather had his powers 'reserved' just in case I popped my clogs before the will was sorted.
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