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The Retirement Thread

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Hanneke
Hanneke
Sep 2023
9:43pm, 27 Sep 2023
111,727 posts
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Hanneke
I don't understand why Pix's has to be so difficult. No property involved, so add up various accounts, deduct tax free sum, deduct debts, deduct cost, pay 40%, divvy up, surely?
Flatlander
Flatlander
Sep 2023
9:44pm, 27 Sep 2023
2,921 posts
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Flatlander
I will be one of those 4% - no spouse, partner or descendents, and the value of my house itself exceeds the current IHT threshold.
Hanneke
Hanneke
Sep 2023
9:54pm, 27 Sep 2023
111,728 posts
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Hanneke
Me too, my house has increased about 5 fold since I bought it in auction...
My sister/niece & nephew inherit...
Hanneke
Hanneke
Sep 2023
10:01pm, 27 Sep 2023
111,729 posts
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Hanneke
It is up to them to work out to whom I leave it, my sister or her children skipping her. She finds it hard to understand UK law applies to me and my estate... And as there is a double taxation agreement between the UK and the NL, that should be it. To be honest, I cannot currently drum up the energy to also look into the Dutch side of things! It is bad enough being pushed to "do something about it" from the UK side... I am not dead yet! I know this needs addressing at some point, but not right now 😱
And I don't begrudge the UK their reasonable sum of tax to be honest... Been here longer than in the Netherlands! And why should I worry about the recipients of my estate having to pay tax??? Seriously!!! They should be glad they get anything at all... I am intent on retiring swiftly after my treatment is over... And spend whatever spare cash I can lay my hands on too... Sadly, it is 95% my property that is worth so much, which doesn't help 😎
Sigh
Sigh
Sep 2023
5:58am, 28 Sep 2023
22,605 posts
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Sigh
Welcome to the thread, 57.5DoP!
Totriornottotri
Totriornottotri
Sep 2023
6:31am, 28 Sep 2023
2,762 posts
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Totriornottotri
H it would be useful if you could get it written down as a will apparently speeds up the process.
HappyG(rrr)
HappyG(rrr)
Sep 2023
9:12am, 28 Sep 2023
47,867 posts
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HappyG(rrr)
I'm very lucky then that my mum has nothing to leave us and my dad left his to his 4th wife so nothing for me and sis. :-) G
Hanneke
Hanneke
Sep 2023
9:20am, 28 Sep 2023
111,739 posts
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Hanneke
Totri, I have, in the UK, but my sister thinks I should organise it so it is convenient for her... And thus Dutch/UK law expert charges a small fortune, which I cannot afford as on benefits and should not have to. I have a will. I leave everything 50/50 to niece and nephew and SIPP to my sister. Simples!

There is a note with my late ex MILs antique diamond watch that it needs to go to my exes niece. That is all... Oh and the sum if £3500 to a friend who will have my cat if I died before her, towards future health care as she ages.
Diogenes
Diogenes
Sep 2023
9:21am, 28 Sep 2023
81,662 posts
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Diogenes
I've done probate for my father-in-law, my Dad (not really necessary as everything was in joint names and went to my mum), and for my mum. It was all straightforward as I was the sole beneficiary and there were no assets other than the house, and no debts. We also benefitted from double IHT threshold as my mum died within a certain number of years of my dad.

The estate agent selling the house said he'd never known probate to come through in such a short time.
Hanneke
Hanneke
Sep 2023
9:21am, 28 Sep 2023
111,740 posts
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Hanneke
And now my sister says she wants the cat... It simply depresses me! I am not actually dead yet!!!

About This Thread

Maintained by Sigh
A place for baggy spaciousness: "The quality of time, soft attention and ease that we could enjoy 'doing nothing' "
(thanks to TheScribbler for the term (p1516)!)
( see also: neilthewriter.co.uk
and
darkangelswriters.com )

Retirees Hall of Fame

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Snail (21.06.24)
GregP (14.06.24) (after part retirement 31.03.23)
Fizz :-) (13.06.24)
Jaks (15.05.24) (third time of retiring)
HellsBells (31.03.24) (orig. May 2018)
TROSaracen (07.02.24)(semi retired since mid 2019)
Hanneke (01.02.24)
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FergusG (22.12.23)
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jda (28.08.23)
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Steve NordRunner (01.08.19)
um (May 2017)
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