Wednesday, 22 January 2014

A Letter to Dad

It's not one of mine, but a poignant reminder of the importance of planning - 

Dear Dad,
Your passing was a shock, although I suppose it shouldn't have been, but at 76 years old you were still living at home actively doing all the things you loved to do. You liked to say "I haven't retired, just changed jobs." I think you were almost busier after retiring than before. You always had a list of things you were going to do.
Unsurprisingly, updating your will was on that list, but 40 years is a long time to have had that task waiting to be completed. Death isn't something we really like to talk about or dwell on particularly is it? I read recently that 61% of Britons haven't made a will, one in 10 hasn't told anyone where to find the will they have made and a further 13% haven't updated their will in the past decade. You clearly weren't alone in avoiding the task.
No doubt you would be incredulous to discover that your children have had to apply for legal permission to sort out your affairs. You have been gone almost a year but we are still waiting for permission to be granted. We can't touch any money in your accounts, so we paid for the funeral costs by extending the mortgage. Each month we budget towards paying your council tax as well as our own.
The bedsit attached to your house continues to be rented, which helps, but we can't increase the amount to reflect market rates as it is not our property. While we wait, your property has to be maintained and we also have to pay fees for the work lawyers are doing on our behalf.
You used to say I was one of the sanest and most capable people you knew but this last challenge you have left me is almost doing my head in. You won't have realised that because you and mum were divorced, she couldn't be one of your executors. With Uncle Frank passing away before you, both the people you nominated in your will are unavailable. Although you had told family members that it was to be my job, it must be written down to count legally.

People say that what doesn't break you makes you stronger and maybe the past year has been one of those times. I have thought a lot about life and death and what I value, but I have yet to grieve properly. That will come when all the jobs have been resolved and I can be left alone and not pretend, for the sake of others, that I am strong and coping.
I know my children are also capable individuals but this isn't an experience that they need to have. I'm going to ensure I regularly review my will so that it reflects my current circumstances. I want my children to have space to grieve and move on with their lives. I know you would have wanted this too and updating your will was probably the very next item on your to-do list. I don't blame you – I just feel exhausted from trying to cope.
Respectfully, your eldest, Liz

*article originally appeared in the Guardian 9th June 2012 reproduced with thanks.

Contact us 01778 382723 

or by E-Mail

Thursday, 9 January 2014

It's Your Funeral......

So why not plan it now, save some money and save your family the stress later.

Many of you will be following the tragic storyline of Roy and Hayley on Coronation Street and will have been moved by Roy’s inability to face up to Hayley’s funeral arrangements, it has certainly struck a chord with me.

The situation that the characters find themselves in is unusual, but by no means unique and you don’t have to be terminally ill to make your own funeral arrangements. Often it is just a case of sound financial planning.

Funeral costs have been rising at an average of 7.8%* per year which is way faster than inflation and even way ahead of the return that most of us are getting on our savings. So for many over 50’s the smart thing to do is to pay for your funeral plan today and lock in the cost before it gets too high.

The advantages reach far further than saving money, you can plan your own ceremony, decide on the music, the readings and the tone of the service meaning that you can be sure the funeral will be an appropriate memorial to you. Added to this is the knowledge that you will have saved your family the stress and heartache of putting together a funeral at a time of great sadness. 

Pre paying your funeral can be an excellent tool if you are planning for care costs and looking to protect assets.

It is not necessarily as expensive as you think, you can pay in one instalment or elect to pay monthly.

So be like Hayley and plan your own funeral, as ever we can help so call us on 01778 382723 for more details or to arrange a free no obligation meeting with one of our advisors.

More information at our website