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16 Sep
4:29pm, 16 Sep 2024
50,949 posts
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HappyG(rrr)
Oh, I thought we were on Elderly P's to Worry About thread. That's not really retirement chat.
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16 Sep
4:32pm, 16 Sep 2024
77,624 posts
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Lip Gloss
I’m certainly going to enjoy my inheritance but like I said before I didn’t ask for it nor did I wish him dead just to get it.
He certainly paid all his care home bills so he owes nobody
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16 Sep
5:06pm, 16 Sep 2024
28,340 posts
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TROSaracen
I did read an interesting article about Inheritance Tax in other countries. Quite often very different: one thing is that some focus the tax on the circumstances of the beneficiaries rather than size of estate.
Ergo give to these who need it, avoid tax. Give to loaded 50 somethings with property/no mortgage and that bit is clobbered before the recipient receives. Administratively challenging but potentially much better than current way of taxing.
Odd how the older generation are very keen to give something. Its not important to me (don’t need it, fully funded retirement already sorted) but my mum is absolutely driven by the thought that I’ll get another big sum to ‘do what I want with’ when she goes. She actually gets quite upset when I tell her I’m sorted and don’t need it.
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16 Sep
5:13pm, 16 Sep 2024
50,951 posts
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HappyG(rrr)
Ooh, that's a better idea TRO, what country was that?
Yes my mum didn't want her funeral to be a burden to us. I suppose too the instinct to provide for your kids is strong and in the genes. Even when the "kids" are well off 50 so.ethings who no longer need providing for.
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16 Sep
5:16pm, 16 Sep 2024
24,770 posts
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3M
And I've just had this same conversation with my little (59 year old) sister! She's been looking after my Mum for the last 6 years pretty much full time, and has no visible means of support. My brother and I have agreed she gets the lot from my Mum's estate when the inevitable happens, as we are both sorted out with our own financial futures already. She's most definitely not.
I did point out that's not an incentive to euthanasia.... (that was a joke, in case anyone is in any doubt!)
(I did have slightly sharp words with her when I pointed out my retirement plans are a result of planning and not just luck!)
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16 Sep
5:24pm, 16 Sep 2024
50,953 posts
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HappyG(rrr)
That's very generous of you 3M. Hope she realises how generous. My sis (just 1 year younger than me) has 5 year old daughter and non-UK husband who is out of work. She is a nurse and I think she might have to work to 70 or beyond But I feel these were choices she made. Not that I have any spare money, nor inheritance to waive on to her, even if I wanted to. I'm not a very family oriented person! 
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16 Sep
5:25pm, 16 Sep 2024
4,032 posts
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Shades
My Mum paid £600 to the Co-op for a funeral plan. She detailed all her wishes, no death notice in paper, no flowers, cremation, no funeral service. She died about 20 years after buying the plan and a couple of days before she died she told me to make sure they did exactly as her wishes. Saved a lot of decision making and angst for me. There was nothing for me to pay for which was what she really wanted.
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16 Sep
5:29pm, 16 Sep 2024
7,710 posts
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ThorntonRunner
My parents both had prepaid funeral plans. It did make things easier - even just administratively: when they died I just phoned the number on the plan and everything just started happening.
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16 Sep
5:30pm, 16 Sep 2024
50,954 posts
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HappyG(rrr)
My mum has prob paid £6,000 into a £3,000 plan and I've only not told her to stop it because she was so adamant she didn't want us to pay for her funeral. Even though she's losing money by keeping it going. I don't think insurance companies should be allowed to do that.
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16 Sep
5:38pm, 16 Sep 2024
4,034 posts
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Shades
HappyG - that is just so wrong to sell policies like that.
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Jigs 