NFU Mutual Smallholding Insurance

Author Topic: Check your WILL is up to date  (Read 534 times)

Fleecewife

  • Joined May 2010
  • South Lanarkshire
    • Wester Gladstone Hebridean Sheep
Check your WILL is up to date
« on: March 28, 2020, 12:54:53 pm »



Not a happy topic, but please do check that your WILL is how you want it and is up to date.  If you don't have one, now is most definitely the time to do it.  Once you are ill a quick and easy task would become fraught, and would become a danger to others.  Without a Will, any beneficiaries will have to wait for ages for their setttlement and some may miss out altogether.


We had been intending to make a small change but had put it off.  Our solicitor was most helpful, everything was done over the phone and by post, and our friend who delivers our food was able to witness our signatures whilst maintaining a safe distance.  That puts our minds at ease.
www.scothebs.co.uk

Do something today that your future self will thank you for - plant a tree

Draco dormiens nunquam titillandus - let sleeping dragons lie
Voss Electric Fence

Scarlet.Dragon

  • Joined May 2015
  • Aberdeenshire
Re: Check your WILL is up to date
« Reply #1 on: March 28, 2020, 02:32:36 pm »
Timely post Fleecewife, well done for raising a difficult subject! 

Can I also add that it is worth considering a DNR (Do Not Resuscitate) note on file too at this stage?  Not suggesting anyone should or shouldn't but if you have underlying health problems then do you want someone pounding your chest given that there's both a low success rate and a high complication rate (e.g.potentially breaking ribs, causing lung contusions and liver, spleen or gastric injuries as well as a risk of brain damage depending on how long you were 'down' etc )?

Approximately:
1 in 10 who receive CPR outside of a hospital environment survive;
52% in hospital on a weekday survive the initial resuscitation for 20 minutes and 26% survive to leave hospital;
47% in hospital during the day on a weekend survive the initial resuscitation for 20 minutes and 19% survive to leave hospital;
39% in hospital at night on a weekend survive the initial resuscitation for 20 minutes and 14% survive to leave hospital.

You may want to put in place a "living will" - who will deal with your affairs if you can't but haven't passed on?  What key things do you want done in this situation?

Now is also a good time to discuss your wishes on organ donations - don't leave the decision to your loved ones.

Finally, consider what will happen to your livestock and pets.  Is there someone willing to take them on?  Is it fair to ask someone to take on the old nag with the game leg and no teeth or would it be kinder for him to be put to sleep before he deteriorates further?  Do you want your prized pet breeding stock sold at auction or would you prefer them to be "donated" or sold at a reasonable price to someone within the breed society to allow their bloodlines to thrive?

It's probably not something many of us have thought about/want to... but being prepared will make it easier on those left behind if the worst happens.
Excellence is the result of caring more than others think is wise, risking more than others think is safe, dreaming more than others think is practical and expecting more than others think is possible.

arobwk

  • Joined Nov 2015
  • Kernow. Be warned, our herring gulls are very hungry. Only eat indoors & keep very small dogs tethered to something. LOL
Re: Check your WILL is up to date
« Reply #2 on: March 28, 2020, 05:18:53 pm »
Some sobering statistics from Scarlet.Dragon !!

Backinwellies

  • Global Moderator
  • Joined Sep 2012
  • Llandeilo Carmarthenshire
    • Nantygroes
    • Facebook
Re: Check your WILL is up to date
« Reply #3 on: April 05, 2020, 07:44:26 am »
I tried saying this elsewhere …. it wasn't taken in the way intended!

A will is VERY important ….  without one family disputes can become total family rifts over night with the only people gaining from the will being the solicitors!

The other thing younger people, who don't feel they need a will 'yet',  forget is their children …  who you would prefer they were cared for in result of  death or even long hospital stay.... if both parents were to be in an accident for example …. especially if grandparents do not get on.   

My will gives my Shetland cattle to the Shetland society .. as I would hate them to sold commercially or slaughtered.

… and yes as for updating I guess I should check it as things do change (new grandson  :excited: )
Linda

Don't wrestle with pigs, they will love it and you will just get all muddy.

Let go of who you are and become who you are meant to be.

http://nantygroes.blogspot.co.uk/
www.nantygroes.co.uk
Nantygroes  facebook page

doganjo

  • Joined Aug 2012
  • Clackmannanshire
  • Qui? Moi?
    • ABERDON GUNDOGS for work and show
    • Facebook
Re: Check your WILL is up to date
« Reply #4 on: April 05, 2020, 11:57:43 am »
Problem isthat  it costs quite a bit every time you update your will, so ymaybe ou could write it all down and record it as a 'codicil' with your lawyer, and maybe best to make it wider rather than specific - for instance say that all your animals must be dealt with by a friend/relative with whom you have discussed what you want?
Always have been, always will be, a WYSIWYG - black is black, white is white - no grey in my life! But I'm mellowing in my old age

chrismahon

  • Joined Dec 2011
  • Gascony, France
Re: Check your WILL is up to date
« Reply #5 on: April 07, 2020, 09:01:41 am »
We started on updating ours 2 weeks ago. The system is simpler in France but of course needs to be in French and to a specific format. Very straightforward, we just leave everything to the other. The difficulties started to unfold when we dealt with the issue of 'simultaneous death', which in our case will be within 28 days of each other. A pretty rare event but one that has to be dealt with. The beneficiaries are the executors, neither of which speak French or have any experience of French systems. So now we need to create a raft of guidance notes to explain how to find things and deal with everything, together with a comprehensive list of contacts. When you start to consider all the other paperwork they will be faced with the job begins to expand exponentially. All we can do is make a start and keep adding to them as necessary. Having stuff scattered around the place doesn't help, neither does keeping old records which will just add to their confusion.


At least we have started. I have been an executor in England, which was difficult enough, but here it is a potential nightmare.

Fleecewife

  • Joined May 2010
  • South Lanarkshire
    • Wester Gladstone Hebridean Sheep
Re: Check your WILL is up to date
« Reply #6 on: April 07, 2020, 11:48:34 am »
That does sound a nightmare.  Having been an executor for my aunt's estate, I appreciate everything you say. She was in England too, so I used her solicitor for all the legal stuff. She thought she had everything well organised but it was shambolic, as in her last year all order had gone.
So we too are trying to get everything together and clarified, all in one place, so executors can lay their hands on it straight away.  All savings/bank account details, insurance, the password to our computer is important too for stuff not printed off.
We have no pets left which is a relief in a way (both our terriers died recently, and we've not had a cat for 6 years).  The livestock is more of a problem - too important to go to a sale, but our executors are not interested.  The possibility of both dying within a month of eachother is more common now with the Virus, so definitely need a plan B!
www.scothebs.co.uk

Do something today that your future self will thank you for - plant a tree

Draco dormiens nunquam titillandus - let sleeping dragons lie

 

Check-up

Started by sabrina

Replies: 38
Views: 7168
Last post February 07, 2012, 07:03:28 pm
by Cinderhills
US stimulas check

Started by cameldairy

Replies: 2
Views: 1144
Last post October 28, 2009, 03:08:26 pm
by Rosemary
yearly check up

Started by sheila

Replies: 4
Views: 1303
Last post January 08, 2011, 12:00:02 pm
by faith0504
Always check your boots

Started by clydesdaleclopper

Replies: 21
Views: 4704
Last post October 19, 2012, 09:05:53 pm
by Mad Goatwoman of Madeley
reality check...

Started by deepinthewoods

Replies: 25
Views: 4752
Last post November 16, 2012, 07:15:09 am
by Backinwellies

Forum sponsors

FibreHut Energy Helpline Thomson & Morgan Time for Paws Scottish Smallholder & Grower Festival Little Peckers

© The Accidental Smallholder Ltd 2003-2020. All rights reserved.

Design by Furness Internet

Site developed by Champion IS