spot on @lizelle , have had a will for 20 years now, nothing worse than the pain of someone dying intestate they years to sort out probate the inheritance being eaten away by the bloodsuckers of the legal profession.
Also similar to a living will, a power of attorney for health and wealth eases the burden on loved ones quite expensive to set up £800 but once done one can rest
The big estate administrators are ruthless, I've heard of many older people losing their homes when there's only assets in the estate.
I've not heard of the power of attorney for health and wealth here in our country. We have funeral policies to cover funeral cost.
It's expensive coming into this world and on your way out - not to speak of the in-between🤔
A friend lost her husband unexpectedly at a young age. Their will was never signed so he died intestate. Her kids were small, they each received a portion of his provident fund death benefits. Was deposited into their respective trust funds till they reached 18, at which time she also had to pay them their portions of the value of the house. It was so complex. Fortunately his brother declined a share in the inheritance.
So is life, we need to be prepared.
Have a great Saturday evening @grindle!
cheers @lizelle
The POA, just means that if I ever became a vegetative state my kids would have the power to administer my assets legally, but their again I would not have reached that state as the health POA clearly states my requirement to switch the machines off ASAP, life qithout quality is not worth living. So I haver made that decision for them, never mind doctors wanting to prolong the great blackness, hit the on off switch and go enjoy your inheritance
Now moving on from morbidity, enjoy your week ahead.x