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"This is something I need to sort out. I'm single with no kids so there seems less motivation to do it. How difficult/expensive is it to do? " Some lawyers do it for free. | |||
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"This is something I need to sort out. I'm single with no kids so there seems less motivation to do it. How difficult/expensive is it to do? Some lawyers do it for free." Thankyou, I shall enquire | |||
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"This is something I need to sort out. I'm single with no kids so there seems less motivation to do it. How difficult/expensive is it to do? " Doesn't cost a penny. If your financial situation is fairly straightforward, and you have a clear idea of your wishes, it shouldn't need to be longer than a page or two. There are a few specific phrases that should be used at opening and closing, and it has to be unambiguous in intention. Apart from that it's really just a case of making sure that it is signed and witnessed properly to ensure its legality. | |||
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"This is something I need to sort out. I'm single with no kids so there seems less motivation to do it. How difficult/expensive is it to do? Doesn't cost a penny. If your financial situation is fairly straightforward, and you have a clear idea of your wishes, it shouldn't need to be longer than a page or two. There are a few specific phrases that should be used at opening and closing, and it has to be unambiguous in intention. Apart from that it's really just a case of making sure that it is signed and witnessed properly to ensure its legality." No solicitor is needed, unless you wish to do anything complicated like setting up trust funds. A couple of gotchas: If wishing to leave something to charity, set it as a fixed lump sum that is easily within the scope of the estate. Setting it as a proportion of the total can lead to the charity being legally obliged to require your executor to sell every last tiny item and give audited accounts. Cases have been known of wedding rings having to be removed from the body and sold. It is unwise to set a solicitor to be your executor, as it becomes a licence to print money for them. It is not unusual for a solicitor to end up taking 20% or more of the estate in their costs. Unless there is absolutely no alternative, your executor should be a trusted relative or friend, somebody that you are absolutely certain will follow your wishes. If there is any member of your family you wish to exclude (we don't all have perfect relationships with our parents/siblings/children) it is not sufficient to just leave them out. They must be specifically named and a reason stated for excluding them, otherwise they may be able to challenge the omission. | |||
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"Thanks for all the replies, lots of good ideas and seems easier than I thought. At thr moment I'm most like to leave my estate to charity so I'll look into that" Many charities offer a free will making service at certain times of the year. | |||
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"If there is any member of your family you wish to exclude (we don't all have perfect relationships with our parents/siblings/children) it is not sufficient to just leave them out. They must be specifically named and a reason stated for excluding them, otherwise they may be able to challenge the omission." haha, this is exactly my situation! My Mum told me I should get a will specifically to exclude one of my siblings. Good to know | |||
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"Thanks for all the replies, lots of good ideas and seems easier than I thought. At thr moment I'm most like to leave my estate to charity so I'll look into that" I'm leaving my estate to charity. I got in touch with them about it first. They are also the executors. | |||
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"I've fuck all to leave anyone Seriously tho, whatever I have will go to an dog shelter. They can chuck me in a skip and light it up Lu " I'm very tempted to leave specific instructions that my carcass is to be left to medical science - it can always be a god example of a bad example - and forbid any kind of funeral / memorial service I hate long goodbyes at the best of times, and there won't be that many people who'll miss me that much anyway so I can save folks a few quid on that one | |||
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"Good point. Roughly how expensive and difficult is it to sort one?" You can do one quickly online with 10 Minute Wills - about £20. They ask a series of questions so easy to do. I did with my Dad after my Mum died and he needed a new will and it was all accepted for Probate after he died a few years later. If your financial affairs are not too complicated you don’t need an expensive solicitor. | |||
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"I've fuck all to leave anyone Seriously tho, whatever I have will go to an dog shelter. They can chuck me in a skip and light it up Lu I'm very tempted to leave specific instructions that my carcass is to be left to medical science - it can always be a god example of a bad example - and forbid any kind of funeral / memorial service I hate long goodbyes at the best of times, and there won't be that many people who'll miss me that much anyway so I can save folks a few quid on that one " Have you thought about leaving it to that BodyWorlds bloke? | |||
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"I've fuck all to leave anyone Seriously tho, whatever I have will go to an dog shelter. They can chuck me in a skip and light it up Lu I'm very tempted to leave specific instructions that my carcass is to be left to medical science - it can always be a god example of a bad example - and forbid any kind of funeral / memorial service I hate long goodbyes at the best of times, and there won't be that many people who'll miss me that much anyway so I can save folks a few quid on that one Have you thought about leaving it to that BodyWorlds bloke? " I hadn't, to be fair, but in all honesty it can go to whoever will have the damn thing - I shan't be using it by then and so it doesn't really matter where it goes | |||
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"I’m signing my will today to ensure wife gets everything. How many of you haven’t done one yet?" Have a living will so do once change as many times as needed. | |||
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"Good point. Roughly how expensive and difficult is it to sort one?" Some charities enable you to do them free or for nominal donations. Check it out online, but only do it with a recognised charity and the solicitors they work with. | |||
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"i dont have a will, but i have completed a form at work that details all the beneficiaries and percentages of things like my pension and death in service i guess if i don’t get round to the will they would probably apply the same percentage across my house as the only thing to go on " I don't think that happens. Have a Google on intestacy | |||
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"i dont have a will, but i have completed a form at work that details all the beneficiaries and percentages of things like my pension and death in service i guess if i don’t get round to the will they would probably apply the same percentage across my house as the only thing to go on " No, they wouldn't and even the work forms could probably be contested by your legal next of kin under intestacy, if they are not the beneficiary. Have a squizz at the intestacy rules and the legal order of next of kin. Definitely get a Will written if you have any sort of asset to leave and you care who gets it. | |||
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"i dont have a will, but i have completed a form at work that details all the beneficiaries and percentages of things like my pension and death in service i guess if i don’t get round to the will they would probably apply the same percentage across my house as the only thing to go on No, they wouldn't and even the work forms could probably be contested by your legal next of kin under intestacy, if they are not the beneficiary. Have a squizz at the intestacy rules and the legal order of next of kin. Definitely get a Will written if you have any sort of asset to leave and you care who gets it. " i don’t have a next of kin - no partner , no kids its only my siblings on my work benefits so nobody else left really to contest it | |||
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"i dont have a will, but i have completed a form at work that details all the beneficiaries and percentages of things like my pension and death in service i guess if i don’t get round to the will they would probably apply the same percentage across my house as the only thing to go on No, they wouldn't and even the work forms could probably be contested by your legal next of kin under intestacy, if they are not the beneficiary. Have a squizz at the intestacy rules and the legal order of next of kin. Definitely get a Will written if you have any sort of asset to leave and you care who gets it. i don’t have a next of kin - no partner , no kids its only my siblings on my work benefits so nobody else left really to contest it " i will get round to the will one day though | |||
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"i dont have a will, but i have completed a form at work that details all the beneficiaries and percentages of things like my pension and death in service i guess if i don’t get round to the will they would probably apply the same percentage across my house as the only thing to go on No, they wouldn't and even the work forms could probably be contested by your legal next of kin under intestacy, if they are not the beneficiary. Have a squizz at the intestacy rules and the legal order of next of kin. Definitely get a Will written if you have any sort of asset to leave and you care who gets it. i don’t have a next of kin - no partner , no kids its only my siblings on my work benefits so nobody else left really to contest it " If you have any living parents, they would be first to inherit under intestacy. The siblings would get nothing unless both parents are dead. It doesn't matter if you've been estranged from one parent since you were a toddler, for example, so long as one parent lives, they would be a sole beneficiary. You'd be surprised how, if siblings were the next of kin, they might fight over what's there. Definitely make a Will, you can do it for free or low cost for charity donation. | |||
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"This has prompted me to think and I now have gone to moneysavingexpert.com I found a link to a simple will and have partially completed it. I intend to have it completed and witnessed in the next week or two. I don't really have many possessions so it is a very clear and uncomplicated situation." Don't forget bank accounts, savings accounts, car, investments, pensions, as well as the more obvious house etc. Actual possessions (chattels) are actually least important generally and most standard Wills allow the Executors to "dispose of as they see fit". | |||
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"I have nothing to leave. I own very little. I am 31 though and intend on livong to 100 so plenty of time yet " Living* | |||
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"i dont have a will, but i have completed a form at work that details all the beneficiaries and percentages of things like my pension and death in service i guess if i don’t get round to the will they would probably apply the same percentage across my house as the only thing to go on " No they probably won't. What will happen is a shitload of arguments with everyone saying they are the one that really knows what you wanted. When my mother died there was a huge pile of shit hit the fan because both my siblings "knew" that she had left instructions, that were nowhere to be found. Dad knew that there had been a will that was a mirror to his (them leaving everything to each other) that had vanished, but then there was also a handwritten non legally binding carbon copy of a note saying something different. And my siblings accusing me of hiding/destroying a newer still will that I had never heard of, but they were utterly certain had been written and would give them more. Ultimately I managed to track down a solicitor that _had_ drawn up a new will for her, a house move and several hundred miles away, that did have the original in their safe, and did release it to me - but only when i paid them money! In the end quite gratifying that the new super duper will that my siblings had screamed so much about actually gave them less than if there had been no will... But the family fall out was immense, siblings have not seen or spoken with my dad or me since the day that mum died, and all because everyone _assumed_ that there was a will and that everyone knew where it was and what it would say... | |||
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"This has prompted me to think and I now have gone to moneysavingexpert.com I found a link to a simple will and have partially completed it. I intend to have it completed and witnessed in the next week or two. I don't really have many possessions so it is a very clear and uncomplicated situation. Don't forget bank accounts, savings accounts, car, investments, pensions, as well as the more obvious house etc. Actual possessions (chattels) are actually least important generally and most standard Wills allow the Executors to "dispose of as they see fit". " Thank you, I don't have lots of items but I listed my share of the house including furniture fittings possessions and and electrical equipment. Plus whatever I have available at the time in my bank and any potential savings. | |||
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"Also, anybody thinking about wills should also think about lasting power of attorney - it's a kind of living will that gives somebody authority to deal with your finances and/or medical matters if you become incapacitated (physically or mentally) while still alive. It sounds morbid, but is incredibly important. I have a relative who is suffering from dementia, who didn't do any of this. And by the time that we realised how bad she was, and that she needed care, it was impossible to access any of her resources in order to get her that care. She had saved for a rainy day, got plenty in the bank, the rainy day was now - but everything was frozen because she was deemed incapable, but no-one had any authority to do anything on her behalf. It wasn't even possible to pay her electric bill - the electric company could not legally accept payment from anybody else, but she could not write a cheque to pay anything herself. Ultimately resolved after about two years by going to court, throwing money at solicitors, accountants, court ordered supervisors etc. Just to get her some dignity in old age, that she had saved for, but slipped through the cracks of the legal system because she was alive, incapable, and with no immediately empowered person to authorise the spending of her own money for her benefit." It's awful isn't it. The problem is that while people are capable of making their own decisions they often won't agree to lpa | |||
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"I done my will and paid for it. With probate a badly written will could cause lots of issues or not be recognised. If you have something worth leaving and you care I’d strongly advise one written by a solicitor." I used an online one to help my Dad and it was accepted for probate after he died. | |||
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"I have nothing to leave. I own very little. I am 31 though and intend on livong to 100 so plenty of time yet " If you have children, I'd strongly recommend making a Will. You can dictate who should care for your children in the event you die before they reach 18. Ultimately, any of us could die at any time, however morbid that is to consider. | |||
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"I have nothing to leave. I own very little. I am 31 though and intend on livong to 100 so plenty of time yet If you have children, I'd strongly recommend making a Will. You can dictate who should care for your children in the event you die before they reach 18. Ultimately, any of us could die at any time, however morbid that is to consider." For other reasons, that is a no brainer and their dad. I wouldn't need that in writing x | |||
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"I have nothing to leave. I own very little. I am 31 though and intend on livong to 100 so plenty of time yet If you have children, I'd strongly recommend making a Will. You can dictate who should care for your children in the event you die before they reach 18. Ultimately, any of us could die at any time, however morbid that is to consider. For other reasons, that is a no brainer and their dad. I wouldn't need that in writing x" Assuming he has parental responsibility, he would be the person, yes, but it's not always the case that both parents automatically have parental responsibility etc. | |||
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"I have nothing to leave. I own very little. I am 31 though and intend on livong to 100 so plenty of time yet If you have children, I'd strongly recommend making a Will. You can dictate who should care for your children in the event you die before they reach 18. Ultimately, any of us could die at any time, however morbid that is to consider. For other reasons, that is a no brainer and their dad. I wouldn't need that in writing x Assuming he has parental responsibility, he would be the person, yes, but it's not always the case that both parents automatically have parental responsibility etc. " He is the main carer....so yes | |||
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"I have nothing to leave. I own very little. I am 31 though and intend on livong to 100 so plenty of time yet If you have children, I'd strongly recommend making a Will. You can dictate who should care for your children in the event you die before they reach 18. Ultimately, any of us could die at any time, however morbid that is to consider. For other reasons, that is a no brainer and their dad. I wouldn't need that in writing x Assuming he has parental responsibility, he would be the person, yes, but it's not always the case that both parents automatically have parental responsibility etc. He is the main carer....so yes " My message was intended not only to refer to your specific circumstances, but to the general concept of planning for the care of children after the death of one or both parents. Mr KC and I have mirror Wills, which "leave" our underage children to my brother. If one of us dies, the other would automatically retain sole responsibility. It's more an issue of planning for the deaths of both parents, which could happen. | |||
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"I have an adequate will with respect to my house, savings, investments, car etc, but . . . I am wondering what to do about my collections of porn, paddles, canes, masks, pinwheels, ropes, chains, shackles, cuffs, spreader bars, etc!" im sure someone on here will volunteer to take them off your hands ... unless you mean you need someone trusted to dispose of them in which case yep i need one of those to empty my drawers too lol | |||
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"When my grand dad found out he was very ill he wrote out a little book for my mum & dad..it was called " going, going, gone " He was a big reader of poetry and literature and the book was, not a story but little, messages, each one went through something that would need to be done and exactly how to do it. How to sort his stuff/estate, all his banking stuff/details and passwords, who needed to be notified and a list of family and numbers/addresses, a full comprehensive list of his " best books " most 1st editions and which place or named a person to get the prices lol even copies of the cars details and service history.. he covered everything. I guess he just wanted to make it all as easy as possible for not just my mum but my dad and us all too. " How lovely - I expect it gave him something to do that made him feel useful. He was of the generation that men expected to take responsibility for planning those sort of things. When my Mother was diagnosed with terminal cancer she rang to tell me the awful news. I went down the next day because I needed to give her a hug and my Parents asked me to be their executor. We went through everything and my Dad showed me where all his documents were. The next few years were very sad and stressful when they both died but it was an honour to help them. | |||
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"When my grand dad found out he was very ill he wrote out a little book for my mum & dad..it was called " going, going, gone " He was a big reader of poetry and literature and the book was, not a story but little, messages, each one went through something that would need to be done and exactly how to do it. How to sort his stuff/estate, all his banking stuff/details and passwords, who needed to be notified and a list of family and numbers/addresses, a full comprehensive list of his " best books " most 1st editions and which place or named a person to get the prices lol even copies of the cars details and service history.. he covered everything. I guess he just wanted to make it all as easy as possible for not just my mum but my dad and us all too. How lovely - I expect it gave him something to do that made him feel useful. He was of the generation that men expected to take responsibility for planning those sort of things. When my Mother was diagnosed with terminal cancer she rang to tell me the awful news. I went down the next day because I needed to give her a hug and my Parents asked me to be their executor. We went through everything and my Dad showed me where all his documents were. The next few years were very sad and stressful when they both died but it was an honour to help them." Its not the easiest thing to do but just making it as easy as possible for the people you leave. | |||
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"When my grand dad found out he was very ill he wrote out a little book for my mum & dad..it was called " going, going, gone " He was a big reader of poetry and literature and the book was, not a story but little, messages, each one went through something that would need to be done and exactly how to do it. How to sort his stuff/estate, all his banking stuff/details and passwords, who needed to be notified and a list of family and numbers/addresses, a full comprehensive list of his " best books " most 1st editions and which place or named a person to get the prices lol even copies of the cars details and service history.. he covered everything. I guess he just wanted to make it all as easy as possible for not just my mum but my dad and us all too. How lovely - I expect it gave him something to do that made him feel useful. He was of the generation that men expected to take responsibility for planning those sort of things. When my Mother was diagnosed with terminal cancer she rang to tell me the awful news. I went down the next day because I needed to give her a hug and my Parents asked me to be their executor. We went through everything and my Dad showed me where all his documents were. The next few years were very sad and stressful when they both died but it was an honour to help them. Its not the easiest thing to do but just making it as easy as possible for the people you leave. " Yes - my brother was killed in a motor bike accident at 29 and that was awful as he was a separated from his wife and had 2 young children. | |||
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"When my grand dad found out he was very ill he wrote out a little book for my mum & dad..it was called " going, going, gone " He was a big reader of poetry and literature and the book was, not a story but little, messages, each one went through something that would need to be done and exactly how to do it. How to sort his stuff/estate, all his banking stuff/details and passwords, who needed to be notified and a list of family and numbers/addresses, a full comprehensive list of his " best books " most 1st editions and which place or named a person to get the prices lol even copies of the cars details and service history.. he covered everything. I guess he just wanted to make it all as easy as possible for not just my mum but my dad and us all too. How lovely - I expect it gave him something to do that made him feel useful. He was of the generation that men expected to take responsibility for planning those sort of things. When my Mother was diagnosed with terminal cancer she rang to tell me the awful news. I went down the next day because I needed to give her a hug and my Parents asked me to be their executor. We went through everything and my Dad showed me where all his documents were. The next few years were very sad and stressful when they both died but it was an honour to help them. Its not the easiest thing to do but just making it as easy as possible for the people you leave. Yes - my brother was killed in a motor bike accident at 29 and that was awful as he was a separated from his wife and had 2 young children. " Thats heartbreaking x | |||
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