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Would you top yourself to avoid cutting into your family's inheritance?; I've known a bird with a big time health issue overseas who was considering it
Topic Started: 21 Oct 2014, 10:35 PM (2,453 Views)
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More Insightful than anything you would have to say, any of you;

http://www.youtube.com/watch?v=XM9Qs8pGnnU
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zaph
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herbie
22 Oct 2014, 02:20 PM
I agree with that. My personal expressed wish to my olds is

As for me, I tend to think similarly to my olds I suppose - Where it is my desire to leave as much as I reasonably can. And if that means living a bit leaner than I otherwise might, I have no issues with it at all. Though if I got any sort of inkling there was an expectation I'd do so/some sort of entitlement mentality rearing it's ugly head, my attitude would be rather different. But fortunately that's not the case in my family situation with my primary beneficiary having said to me that he'd actually like to see me living things up rather more than I do. But as a lifelong saver mentality type, that's just not especially in my nature. Though sure, I've started having the odd thought that just maybe a new ute for maybe $20 K and a new fridge for $900 plus a few other little extravagances in my upcoming dotage plus even a trip overseas or down south or out west every now and then to visit friends and family who are a bit further flung might be enjoyable.

Herbs, I assumed you didn't have kids?

Who do you leave the loot to if one has no kids? My brother has no kids, I have no kids and my sister has one. ATM it all goes to my sister, with a kind of understanding it will eventually be passed on to my niece. But it's difficult to direct where it goes if you're six feet under.

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"It will suit me just fine if you spend your last 20 cent piece just as you are toppling into your graves." That said, I'm pretty damn sure it's their intention to leave me as sizeable an inheritance as they reasonably can.


That's what I say to my parents, but I know they intended to leave the family home to us kids and would be shocked at the thought of 'eating' the family home. I suspect they intend to spend everything else - their lifestyle in retirement certainly indicates it. I would say they holiday a lot, but I think the time they spend at home is their holiday from travelling.

Quote:
 
With the thing that is most likely to cut into it being some future possible need to sell their home for aged care for either or both of them.


You may be able to look after them in their home (or yours) and prevent them going to aged care. I did it for my grandmother when I was a young man. Took a year out of uni to care for her as she was dieting. She eventually went to palliative care when I couldn't cope, but that didn't last long. There was, and I suspect still is, a lot of assistance to look after someone at home.

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skamy
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herbie
22 Oct 2014, 03:05 PM
"Fuck you!" would seem to me to be the appropriate reply in such a circumstance Skamy? ... :)
I may not have said it but I certainly thought it :)
Definition of a doom and gloomer from 1993
The last camp is made up of the doom-and-gloomers. Their slogan is "it's the end of the world as we know it". Right now they are convinced that debt is the evil responsible for all our economic woes and must be eliminated at all cost. Many doom-and-gloomers believe that unprecedented debt levels mean that we are on the precipice of a worse crisis than the Great Depression. The doom-and-gloomers hang on the latest series of negative economic data.
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herbie
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zaph
22 Oct 2014, 03:32 PM
Who do you leave the loot to if one has no kids?
Good question - And having been asked it, my best answer is that I think you leave your loot to those you choose to Zaph - Given it's your loot 'n all that.

With my answer on it being logically no different regardless of whether one does have kids or not.

Though yep, having kids can surely tend to clutter up one's emotional take on it I guess?
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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newjez
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herbie
22 Oct 2014, 02:20 PM
I agree with that. My personal expressed wish to my olds is "It will suit me just fine if you spend your last 20 cent piece just as you are toppling into your graves." That said, I'm pretty damn sure it's their intention to leave me as sizeable an inheritance as they reasonably can. With the thing that is most likely to cut into it being some future possible need to sell their home for aged care for either or both of them.

As for me, I tend to think similarly to my olds I suppose - Where it is my desire to leave as much as I reasonably can. And if that means living a bit leaner than I otherwise might, I have no issues with it at all. Though if I got any sort of inkling there was an expectation I'd do so/some sort of entitlement mentality rearing it's ugly head, my attitude would be rather different. But fortunately that's not the case in my family situation with my primary beneficiary having said to me that he'd actually like to see me living things up rather more than I do. But as a lifelong saver mentality type, that's just not especially in my nature. Though sure, I've started having the odd thought that just maybe a new ute for maybe $20 K and a new fridge for $900 plus a few other little extravagances in my upcoming dotage plus even a trip overseas or down south or out west every now and then to visit friends and family who are a bit further flung might be enjoyable.

As to the bird I mentioned in the OP, Christ knows - My involvement didn't really go a whole lot past being a bit of an occasional sounding board for her hubby as he was confronting it (plus as his business was folding back in the darkest days post GFC; And with him having his own medical condition that laid him up for about 3 months at the time) - Poor bastard surely had some issues on his plate. (We'd been discussing going into business together prior to the shite hitting the fan - But didn't.) I offered no 'advice' as such re his missus' situation. But could certainly see where they were both coming from.
Not often I agree with Blondie. But she hit the nail on the head.
herbie
22 Oct 2014, 03:05 PM
"Fuck you!" would seem to me to be the appropriate reply in such a circumstance Skamy? ... :)
We know people who deny care to their relatives in order to save the inheritance. We have 'friends' who now have a very big house because of this. But it's not for me. I couldn't sleep at night knowing I'd left those who raised me vulnerable and lying in shit to pay for it. But it doesn't seem to bother them, and they even boast about how they managed to keep her out of a home, as if that was a good thing.
Edited by newjez, 22 Oct 2014, 04:18 PM.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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vdmruss
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I am the first to advocate a dog-eats-dog competitive society.

But the one thing that I think every human should be entitled to is healthcare.

We can pick and choose to be losers or winners, but chance, genetics and disease selects us.

Nobody would be able to answer this question until that they had to make the choice. And euthanasia should be an option on the table.
Edited by vdmruss, 22 Oct 2014, 05:37 PM.
Let me assure you that this isn't one of those shady pyramid schemes that you've been hearing about. No sir, our model is the Trapezoid which guarantees each investor an 800% return within hours.
Those who can, do. Those who can't, teach.
"It's an itchy blanket, it's designed to remind you how lucky you are"
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Foxy
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Zero is coming...

This is a far deeper question.

We are saying the care is "better" in an aged care facility.
As if it was a given.

That spending $600,000 or $1,000,000 will "fix" the situation.

I think we need to peel back the question and ask the hard questions that make up the main proposed solution.

All I will say is you don't get rich doing that and you certainly don't stay rich doing that.

But most of you will not understand what I am saying.

So.

Let the best man win.

Peter
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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skamy
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Mustapha Mond
22 Oct 2014, 05:52 PM
This is a far deeper question.

We are saying the care is "better" in an aged care facility.
As if it was a given.

That spending $600,000 or $1,000,000 will "fix" the situation.

I think we need to peel back the question and ask the hard questions that make up the main proposed solution.

All I will say is you don't get rich doing that and you certainly don't stay rich doing that.

But most of you will not understand what I am saying.

So.

Let the best man win.

Peter
We actually did a turnaround on that issue as Mum's life had become very boring at home as she was virtually stuck in one room. In the home they had the schools visiting and played memory games and even had a donkey visit. It was also easy to take her outside on warm days, etc etc. We kinda wished she had had more time there but that just was not the way it worked out. We were afraid of aged care, unnecessarily so as it turned out.

Your sums are huge BTW our costs were nowhere near that amount, I think it was 600 pounds a week, and the government covered the nursing care part of that. So we ended up paying only a couple of hundred quid of that. I doubt Australia will be much different.
Definition of a doom and gloomer from 1993
The last camp is made up of the doom-and-gloomers. Their slogan is "it's the end of the world as we know it". Right now they are convinced that debt is the evil responsible for all our economic woes and must be eliminated at all cost. Many doom-and-gloomers believe that unprecedented debt levels mean that we are on the precipice of a worse crisis than the Great Depression. The doom-and-gloomers hang on the latest series of negative economic data.
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