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Legal, pensions and money

Torn over money

(63 Posts)
abbey Mon 19-Aug-13 13:13:01

Hello,

I suppose this should really read "am I being unreasonable in not wanting to write a will" but being a first timer I didnt want this on that forum - seems a bit heavy.

This is not a wind up. I see in the forum messages some which might seem like mine.

To cut a story short.

I am 58 years old. I work part time. I have a husband. He is retired and has a work pension and state pension We own a nice house (no mortgage) and a new car which we update every three years. I have around £80K in savings of my own and around another 20K in money in the bank. I dont do holidays and we have a decent but quiet life. I have a brother and one nephew ( none on my hubbies side). No children.

Around 5 years ago my aunt (mothers sister ,who was a widowand childless) died and left me her money (around £500K) and recently my father died and his money was spit between me and my brother and I got around £400K in total - although some of that was possessions I chose to keep rather than cash.
I know that might not be a lot in some peoples eyes but its a lot to me. I have worked for all I have until now.

I have it in a number of accounts in the bank. Some are joint with hubs some are not. The problem is other people - family, OH, brother, loads of people including the bank! They all seem to want me to write a will. They all seem to know what they want in that will. OH wants me to leave " everything" to his sisters ( I think why, they have never done anything for me) . My brother to him and his son ( my brother is spendthrift and his boy???). The bank seem to think I should consider charities ( I have no interests and wonder where the money would be going anyway -to help needy people or to pay the CEO?)

Well, I dont care right now. I dont want to do anything except look at the money for a while and think about it. Besides I might find that as I get older I will change my mind and want to do something else with it. if I die, a will wont be for me will it? OK I am selfish but I just dont feel I want to do anything. Am I really being unreasonable?

Gagagran Tue 20-Aug-13 11:26:57

abbey you have had a snowstorm of advice and unsurprisingly are still unsure what to do! Take your time and ponder. Enjoy getting your home as you want it and maybe something will start to formulate.

Given your love of cats (and I can empathise with that) you may decide to help an appropriate charity. Would you not rather do that than have it just tipped into the Treasury coffers?

Anyway, come back on GN if you still want to discuss your problem - or anything else really. It's a usually a friendly and supportive forum. Take no notice of anyone who is not! sunshine

grannyactivist Tue 20-Aug-13 12:07:40

Abbey the money has highlighted the fact that you are a fairly solitary person - and you seem quite comfortable with that, but I'm glad you came on Gransnet. I hope that as time goes on you will enjoy becoming part of our virtual community. How about posting a photo of your cat in the 'pictures' thread for starters? smile

Tegan Tue 20-Aug-13 13:11:30

What you've said makes so much more sense now, abbey [so difficult sometimes to get things across]. Don't blame you for feeling how you do. Mind you [don't want to worry you] don't assume you will outlive your husband. My mum was much younger than my dad and it came as a complete shock to me when she died before him [probably from the strain put on her by looking after him]. Seems to me that you're 'an only child that just happens to have a brother' [if that makes sense] because you seem like an only child [so am I and I can relate to a lot of what you say]. I think you'll like it on here smile. Can I apologise for misinterpreting what you said blush?

j08 Tue 20-Aug-13 15:10:55

Your life doesn't' t sound at all sad Abbey. Nothing wrong with being a home-bird. I am too to a certain extent. Definitely spend your money however you want to spend it. But, if there is any left over when you don't need it anymore (in the far distant future) bear in mind that there are some very worthwhile charities out there.

I know how you feel about your cat (been there) smile

j08 Tue 20-Aug-13 15:13:38

However, I make no apologies for my previous posts.

petra Tue 20-Aug-13 19:18:14

I'm with you,j08. It's beyond me how someone can be living on the same planet as me and not be aware of what a lot of good a small amount of money can do!!!
And as for saying: it might not seem a lot to some of you, well, big angry face.

Nonu Tue 20-Aug-13 19:43:10

Seemed like a heck of a lot of money to me !!

vegasmags Tue 20-Aug-13 20:04:05

It does occur to me that, as the cost of bringing up a child is now £148,000 ( www.bbc.co.uk/news/business-23726224) that without my DS and DD, I too could have had vast amounts of money in the bank!

KatyK Thu 22-Aug-13 14:45:01

I agree with JO8. It's your money. Why did your brother say you shouldn't be spending the money on yourself? It's your money. Get your windows and doors and whatever else you want. It's no one else's business. And yes,
whilst I agree there are a lot of good animal charities around, people come first in my book.

Granb Thu 22-Aug-13 15:09:46

I agree wholeheartedly with Flickety - spend it and enjoy it. Don't explain yourself and don't feel guilty. Make a will leaving it to whoever/whatever you want - remembering that they will only get what there is left behind anyway!!!

annodomini Thu 22-Aug-13 15:25:03

Prioritise: Fix up the house; provide for possible care needs for yourself and OH (and cat); live a little! No, live a lot.

jeanie99 Sat 24-Aug-13 00:11:27

You can do whatever you like with your money, it as nothing whatsoever to do with your relatives or your husbands.
Any pressure from anyone tell them to take a running jump over the next cliff.
What a nerve your brother as telling you to leave the money to him and then saying it's selfish spending money on yourself.
I'd tell the next person that mentions it that you have made a will out whether you have or not it is up to you and you no longer want to discuss this any further and if they do bring it up again they are not welcome to visit.