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The Retirement Thread

3 lurkers | 172 watchers
HappyG(rrr)
HappyG(rrr)
Aug 2022
4:15pm, 2 Aug 2022
43,169 posts
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HappyG(rrr)
I've done a will, but I'm aware that it's probably not easy to find and that it has to be kept up to date because a material change in your circumstances can invalidate it. (Ironically my dad's will was contestable because he got married to his 4th partner, after he had written the will giving her anything he had. Oh the irony. Didn't help though. I mean, didn't help me, being totally selfish!) :-) G
Hanneke
Hanneke
Aug 2022
5:52pm, 2 Aug 2022
91,504 posts
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Hanneke
I don' t have "nicknacks" hence my sister's concern with my art collection. It is probably a good idea to point her in the direction of a trustworthy book dealer, art dealer and ceramics dealer... The dispersal of the "stuff" would raise enough to pay the exorbitant inheritance tax in the Netherlands... Everything would need valuing for probate anyway...
Hanneke
Hanneke
Aug 2022
5:53pm, 2 Aug 2022
91,505 posts
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Hanneke
I may actually sell my most valuable artwork to pay off the remnants of my mortgage, put in an off grid power system and drill a borehole...
Mandymoo
Mandymoo
Aug 2022
6:51pm, 2 Aug 2022
14,879 posts
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Mandymoo
Our wills were written years ago, ita still the same though, 50/50 to the kids.

Thankfully mum had a will, and we are just waiting for probate. Should be straight forward as she didn't have much, no property just some money.

My dad and his wife on the otherhand are currently trying to get everything sorted so my brother and I don't get stung too much.
Totriornottotri
Totriornottotri
Aug 2022
6:56pm, 2 Aug 2022
2,346 posts
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Totriornottotri
I don’t have a will. I know that’s selfish and complicates things apparently. I assume everything goes to my wife. That’s fine by me. There’s no money.
Hanneke
Hanneke
Aug 2022
8:06pm, 2 Aug 2022
91,520 posts
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Hanneke
It depends Totri. If by law, if dying without a will everything goes to your wife and that is what you want, why complicate matters?
My situation is more complex, because I am Dutch. If I died now though, my only beneficiary would be my sister. She has cancer and we don't know how long she has, hence doing what I am doing...
jda
jda
Aug 2022
8:14pm, 2 Aug 2022
13,124 posts
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jda
The simple answer is that without a will the beneficiaries have to go through an expensive and time-consuming procedure to even get to the starting point that would be immediate if a simple will ("all to wife" is enough) had been present.

Hanneke, if you have lived in the UK a long time and can reasonably consider it your domicile (and the location of your assets), then I would be surprised if Dutch law has any relevance to your estate directly, though it may still be relevant to any Dutch-resident beneficiaries. I assume you've taken legal advice to make sure of the situation though.
Ness
Ness
Aug 2022
8:21pm, 2 Aug 2022
23,909 posts
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Ness
One of my uncles died without a will. He'd had one written because he had cancer but for reasons that I don't understand it hadn't been signed/witnessed. It made life tricky for my aunt while it was sorted out.
Bazoaxe
Bazoaxe
Aug 2022
8:24pm, 2 Aug 2022
23,260 posts
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Bazoaxe
We did our wills about five years ago. We postponed the PoA though and it’s on my to do list before we retire.
Minimag
Minimag
Aug 2022
9:05pm, 2 Aug 2022
625 posts
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Minimag
We did ours about 5 years ago, and renewed them last year. Also have done lasting power of attorney.
I was executor of my parents will and realise the importance of having it spelled out, even if it is straight forward.
It is relatively little cost, but also agree with the above on the importance of getting it done.

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
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