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Suicide or to live yet another year, a personal finance versus life question?

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A time in the future, one is old, house is worth £500,000, one has chronic condition but not life threatening, care home costs £40,000 per year. Does one commit suicide, e.g. by overdose, and leaves £… Read More
splender Avatar
5m, 2w agoPosted 5 months, 2 weeks ago
A time in the future, one is old, house is worth £500,000, one has chronic condition but not life threatening, care home costs £40,000 per year. Does one commit suicide, e.g. by overdose, and leaves £500,000 inheritance or live for another year at son's cash cost, borrow money from bank and be a "burden", and then possibly another year? Cash cost eats into inheritance, son wants parent to live. What does one do in this dilemma? Keep the status quo (dilemma between suicide and death) or transform societal funding ? (Son = daughter in foregoing)
.

Some context that is overshadowed by other headline news all the time:-
.
http://www.dailymail.co.uk/news/article-4027824/Rising-cost-elderly-care-causing-middle-aged-parents-call-lawyers-make-clear-DIE-children-pay-looked-after.html
.
which is in sharp contrast to Sweden, where elderly care is nearly all provided for by the State:
.
https://sweden.se/society/elderly-care-in-sweden/
splender Avatar
5m, 2w agoPosted 5 months, 2 weeks ago
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Top Comments

(5)
8 Likes
Sell your own house, live like a king then top yourself after the 1000th prostitute leaves.
8 Likes
airfix
HotEnglishAndWelshDeals
airfix
HotEnglishAndWelshDeals
airfix
Inheritance, it's all about greed.
Imagine wanting to give your kids something. The temerity.
Well if it's worth committing suicide over they must be really expectant, you've obviously brought them up wrong.
I was replying to your comment which suggested inheritance was all about greed. I'm not talking about suicide or anything like that.
Inheritance is greed, I've seen families split up, farms ruined, all over the money.
You do know Emmerdale is made up?
6 Likes
That £500,000 is yours, to live life as you wish. Your child can go earn their own money, and any inheritance left is a bonus.
5 Likes
HotEnglishAndWelshDeals
airfix
HotEnglishAndWelshDeals
airfix
Inheritance, it's all about greed.
Imagine wanting to give your kids something. The temerity.
Well if it's worth committing suicide over they must be really expectant, you've obviously brought them up wrong.
I was replying to your comment which suggested inheritance was all about greed. I'm not talking about suicide or anything like that.
Inheritance is greed, I've seen families split up, farms ruined, all over the money.
5 Likes
Suicide by overdose is stupid as it's extremely hard to do right and because of this rarely actually works.
Go to somewhere Switzerland and get a professional to help you.

If I ever get the point that I can't look after myself and the quality of life isn't worth living I'll be boarding a plane or telling a relative it's time and they will be helping me make the trip.
I want to be remembered as myself not a frail, mentally unstable shell of a person who can't even wipe their own backside.
Carrying on past that point wouldn't be fair on my family or anyone I cared about me, anyone stopping me would just being doing it out of selfishness.

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8 Likes #1
Sell your own house, live like a king then top yourself after the 1000th prostitute leaves.
4 Likes #2
Put all your assets in a trust, and name your beneficiaries as whomever you wish to inherit your assets as this will not be subject to 40% inheritance tax.
1 Like #3
Any inheritance will be lost in taxes. Whatever the decision taken, the only one who will benefit is the government.
6 Likes #4
That £500,000 is yours, to live life as you wish. Your child can go earn their own money, and any inheritance left is a bonus.
1 Like #5
DealPerv2016
Put all your assets in a trust, and name your beneficiaries as whomever you wish to inherit your assets as this will not be subject to 40% inheritance tax.
Not heard of this before. Is it easy to arrange?
1 Like #6
Honestly if you have £500,000 in assets, you're in a far better position than most people. Sell the house and invest it in a way that allows it to provide you an income for the longest time. If that's not long enough, move somewhere where it lasts longer. Nobody has a right to your money while you still need it, that shouldn't even come into the equation, unless your children are homeless while you have a £500,000 house.

Or I suppose to address the underlying question - yes the state should help those who need help and can't pay for it. No the state shouldn't subsidise people so that their heirs can get free money.

Edited By: Muir on Dec 13, 2016 11:58
3 Likes #7
13norfolk
DealPerv2016
Put all your assets in a trust, and name your beneficiaries as whomever you wish to inherit your assets as this will not be subject to 40% inheritance tax.
Not heard of this before. Is it easy to arrange?

I have recently been in this situation when both of my grandparents passed away within a year of each other. It will cost a few thousand in solicitors fees to set up but I can confirm that the trust was subject to zero tax.

Edited By: steadyeddie777 on Dec 13, 2016 11:59
1 Like #8
13norfolk
DealPerv2016
Put all your assets in a trust, and name your beneficiaries as whomever you wish to inherit your assets as this will not be subject to 40% inheritance tax.
Not heard of this before. Is it easy to arrange?
Yes however can be costly initially, maybe 2K but once set up it will save you the massive 40% inheritance tax, best of luck!
4 Likes #9
Inheritance, it's all about greed.
2 Likes #10
Give it to your children well before you die.
#11
INHERITANCE is about greed as someone said, but this person soms want this person to live at what ever cost. I think your children would gain a lot more having you here for as long as possible than you commiting suicide so they can have a bit of extra cash.. money comes and goes but you only get one family and as a parent and a child I know I would want to be around for my kids and I know I want to hold ontoy parents as long as possible no matter what.. logical middle ground would be to sell up, buy or rent a small bungalow.. you can either live off equity on mean time or what ever you choose to do.. there are soo many more options than the black and white.. suicide or inheritance routes, please be there foe your children, dont take it out of their hands, they will always feel like they let you down if thats the path you took! money means nothing in the big picture <3 xx
1 Like #12
MIDURIX
Give it to your children well before you die.
Yes, my thread is two fold, 1/ Sooner or later? (by suicide) 2/ (longer term) self accountability which is instant cash flow or publically managed and amortised with payment eventually through long term taxation?
1 Like #13
airfix
Inheritance, it's all about greed.

Imagine wanting to give your kids something. The temerity.
1 Like #14
splender
MIDURIX
Give it to your children well before you die.
Yes, my thread is two fold, 1/ Sooner or later? (by suicide) 2/ (longer term) self accountability which is instant cash flow or publically managed and amortised with payment eventually through long term taxation?
The first bit is not really a question that anyone can answer.

I would say, at present, that if there came a time when I could no longer look after myself and continue to have a decent quality of life, I would seek help from Dignitas. But, the unknown bit is whether I would still feel like that when the time comes.

The second bit is simpler because, if you want the state to look after you when you're no longer capable of doing so yourself then don't be too surprised when it is done on a shoestring budget. There was a Panorama programme a few weeks ago, link below. Don't watch it if you think you or someone dear to you is going into a care home. From personal experience, I'd say that the programme, whilst focussing on a few of the worst care homes around isn't that inaccurate. There are a lot more nearly as bad.

Panorama Nursing Homes
3 Likes #15
HotEnglishAndWelshDeals
airfix
Inheritance, it's all about greed.
Imagine wanting to give your kids something. The temerity.

Well if it's worth committing suicide over they must be really expectant, you've obviously brought them up wrong.
2 Likes #16
bambamsmam
INHERITANCE is about greed as someone said, but this person soms want this person to live at what ever cost. I think your children would gain a lot more having you here for as long as possible than you commiting suicide so they can have a bit of extra cash.. money comes and goes but you only get one family and as a parent and a child I know I would want to be around for my kids and I know I want to hold ontoy parents as long as possible no matter what.. logical middle ground would be to sell up, buy or rent a small bungalow.. you can either live off equity on mean time or what ever you choose to do.. there are soo many more options than the black and white.. suicide or inheritance routes, please be there foe your children, dont take it out of their hands, they will always feel like they let you down if thats the path you took! money means nothing in the big picture <3 xx
Each year in care home eats £40,000 into inheritance, one is with chronic condition (dementia) with no hope,does one die sooner or later? My current preference is that I would throw myself off a cliff into the sea but it is no so easy...

Edited By: splender on Dec 13, 2016 13:35
1 Like #17
airfix
HotEnglishAndWelshDeals
airfix
Inheritance, it's all about greed.
Imagine wanting to give your kids something. The temerity.
Well if it's worth committing suicide over they must be really expectant, you've obviously brought them up wrong.

I was replying to your comment which suggested inheritance was all about greed. I'm not talking about suicide or anything like that.
5 Likes #18
HotEnglishAndWelshDeals
airfix
HotEnglishAndWelshDeals
airfix
Inheritance, it's all about greed.
Imagine wanting to give your kids something. The temerity.
Well if it's worth committing suicide over they must be really expectant, you've obviously brought them up wrong.
I was replying to your comment which suggested inheritance was all about greed. I'm not talking about suicide or anything like that.
Inheritance is greed, I've seen families split up, farms ruined, all over the money.
#19
airfix
HotEnglishAndWelshDeals
airfix
HotEnglishAndWelshDeals
airfix
Inheritance, it's all about greed.
Imagine wanting to give your kids something. The temerity.
Well if it's worth committing suicide over they must be really expectant, you've obviously brought them up wrong.
I was replying to your comment which suggested inheritance was all about greed. I'm not talking about suicide or anything like that.
Inheritance is greed, I've seen families split up, farms ruined, all over the money.

Maybe that's down to the people you've seen, rather than the concept as a whole. Maybe they've not been raised correctly. X)
3 Likes #20
airfix
HotEnglishAndWelshDeals
airfix
HotEnglishAndWelshDeals
airfix
Inheritance, it's all about greed.
Imagine wanting to give your kids something. The temerity.
Well if it's worth committing suicide over they must be really expectant, you've obviously brought them up wrong.
I was replying to your comment which suggested inheritance was all about greed. I'm not talking about suicide or anything like that.
Inheritance is greed, I've seen families split up, farms ruined, all over the money.

Yup, My Dad no longer talks to all but one of his 4 siblings. All over land and money.
3 Likes #21
My family pay 50k + a year for my mums care, and it is very hard. Wouldn't have it any other way though (the thought of not having her around :( ).

We've basically had to sell her home and buy a different cheaper one, and invest what is left in buy to lets. We are still spending more than we earn but its becoming more manageable. There is no right answer really.

I do believe Euthanasia should be legal however for those that want it, the struggles can be too much to bare particularly when pain and suffering becomes part of daily life. Some people just want to be at peace.

Edited By: delusion on Dec 13, 2016 13:49
#22
HotEnglishAndWelshDeals
airfix
HotEnglishAndWelshDeals
airfix
HotEnglishAndWelshDeals
airfix
Inheritance, it's all about greed.
Imagine wanting to give your kids something. The temerity.
Well if it's worth committing suicide over they must be really expectant, you've obviously brought them up wrong.
I was replying to your comment which suggested inheritance was all about greed. I'm not talking about suicide or anything like that.
Inheritance is greed, I've seen families split up, farms ruined, all over the money.
Maybe that's down to the people you've seen, rather than the concept as a whole. Maybe they've not been raised correctly. X)

Yup, they are 'entitled', that's the problem these days.
5 Likes #23
Suicide by overdose is stupid as it's extremely hard to do right and because of this rarely actually works.
Go to somewhere Switzerland and get a professional to help you.

If I ever get the point that I can't look after myself and the quality of life isn't worth living I'll be boarding a plane or telling a relative it's time and they will be helping me make the trip.
I want to be remembered as myself not a frail, mentally unstable shell of a person who can't even wipe their own backside.
Carrying on past that point wouldn't be fair on my family or anyone I cared about me, anyone stopping me would just being doing it out of selfishness.
8 Likes #24
airfix
HotEnglishAndWelshDeals
airfix
HotEnglishAndWelshDeals
airfix
Inheritance, it's all about greed.
Imagine wanting to give your kids something. The temerity.
Well if it's worth committing suicide over they must be really expectant, you've obviously brought them up wrong.
I was replying to your comment which suggested inheritance was all about greed. I'm not talking about suicide or anything like that.
Inheritance is greed, I've seen families split up, farms ruined, all over the money.
You do know Emmerdale is made up?
1 Like #25
OldEnglish
airfix
HotEnglishAndWelshDeals
airfix
HotEnglishAndWelshDeals
airfix
Inheritance, it's all about greed.
Imagine wanting to give your kids something. The temerity.
Well if it's worth committing suicide over they must be really expectant, you've obviously brought them up wrong.
I was replying to your comment which suggested inheritance was all about greed. I'm not talking about suicide or anything like that.
Inheritance is greed, I've seen families split up, farms ruined, all over the money.
You do know Emmerdale is made up?
Reminds https://en.wikipedia.org/wiki/Joe_Sugden
#26
splender
OldEnglish
airfix
HotEnglishAndWelshDeals
airfix
HotEnglishAndWelshDeals
airfix
Inheritance, it's all about greed.
Imagine wanting to give your kids something. The temerity.
Well if it's worth committing suicide over they must be really expectant, you've obviously brought them up wrong.
I was replying to your comment which suggested inheritance was all about greed. I'm not talking about suicide or anything like that.
Inheritance is greed, I've seen families split up, farms ruined, all over the money.
You do know Emmerdale is made up?
Reminds https://en.wikipedia.org/wiki/Joe_Sugden
Those were the days when a cow down in a field was a big story line. Not like these days,murder, guns & explosions everywhere. It's like living in the wildwest now, living in that village.
4 Likes #27
joedastudd
Suicide by overdose is stupid as it's extremely hard to do right and because of this rarely actually works.
Go to somewhere Switzerland and get a professional to help you.
If I ever get the point that I can't look after myself and the quality of life isn't worth living I'll be boarding a plane or telling a relative it's time and they will be helping me make the trip.
I want to be remembered as myself not a frail, mentally unstable shell of a person who can't even wipe their own backside.
Carrying on past that point wouldn't be fair on my family or anyone I cared about me, anyone stopping me would just being doing it out of selfishness.

This is HUKD, chap. I need suicide on a budget.
3 Likes #28
spaceinvader
This is HUKD, chap. I need suicide on a budget.

free skydives off Beachy Head
https://c2.staticflickr.com/6/5347/9588552341_fe6f0e5d87_b.jpg
1 Like #29
DarkEnergy2012
spaceinvader
This is HUKD, chap. I need suicide on a budget.
free skydives off Beachy Headhttps://c2.staticflickr.com/6/5347/9588552341_fe6f0e5d87_b.jpg

If I can do it naked and land on top of an attractive lady then I'm down with that.
1 Like #30
DarkEnergy2012
spaceinvader
This is HUKD, chap. I need suicide on a budget.
free skydives off Beachy Headhttps://c2.staticflickr.com/6/5347/9588552341_fe6f0e5d87_b.jpg
(In)Famous place http://www.mirror.co.uk/news/uk-news/ive-picked-up-250-bodies-401824
You are likely to land on a dead one though, but still, better than nothing, eh!

Edited By: splender on Dec 13, 2016 16:10: added one
#31
By the way, it is a myth that the suicide rate is high during Christmas, here are some medical stats:-
https://www.ncbi.nlm.nih.gov/pmc/articles/PMC1726490/pdf/v021p00716.pdf
US data https://www.statnews.com/2015/12/30/suicides-rise-after-christmas/
.
It’s not clear how this myth got started, but one possibility is the movie It’s a Wonderful Life, which basic-cable networks put on heavy rotation as Christmas nears. It’s a Wonderful Life is number 1 all time Christmas movie,

Edited By: splender on Dec 13, 2016 16:08
#32
Weren't the Government "thinking" of a cap on how much an individual is expected to shell out for care?
Irrespective of the inheritance aspect, it does seem unfair that someone can use up all their money and possessions in care costs whilst the person sitting next to them will receive the same service for nowt.

found the link - hope it's what you mean

Edited By: u664541 on Dec 13, 2016 16:49: additional info
#33
Forget about inheritance and burden. Just think of yourself and what you would do if you were on your own. :)
#34
spaceinvader
DarkEnergy2012
spaceinvader
This is HUKD, chap. I need suicide on a budget.
free skydives off Beachy Headhttps://c2.staticflickr.com/6/5347/9588552341_fe6f0e5d87_b.jpg
If I can do it naked and land on top of an attractive lady then I'm down with that.
I reckon you'd be more UP for that.
#35
OK so without a trust etc. £500k assets. £40k home costs.
Well 5 years of a home would cost £200k, 40% inheritance tax on £500k costs £200k

So sell house, bank cash. Give £250k to kids, live for 5 years in home, use the last £50k to holiday in Switzerland. Then pay the remaining tax on the £250k given away 5 years ago at a reduced rate since it diminishes over 7 years.

Gives best of both worlds.

I for one want my kids to get a smoother start in life while still making them know the value of money. So they'd be already working and keeping their own home.. As I'd expect to be 70 before any of this would be a possibility.
#36
Oneday77
OK so without a trust etc. £500k assets. £40k home costs.
Well 5 years of a home would cost £200k, 40% inheritance tax on £500k costs £200k
So sell house, bank cash. Give £250k to kids, live for 5 years in home, use the last £50k to holiday in Switzerland. Then pay the remaining tax on the £250k given away 5 years ago at a reduced rate since it diminishes over 7 years.
Gives best of both worlds.
I for one want my kids to get a smoother start in life while still making them know the value of money. So they'd be already working and keeping their own home.. As I'd expect to be 70 before any of this would be a possibility.
A practical illustration, what happens at the end of five years, one is still breathing?
1 Like #37
thedvdmonster
Sell your own house, live like a king then top yourself after the 1000th prostitute leaves.

I prefer high class escorts myself so i can stop after 100 prostitutes instead. I am a big believer in quality over quantity X)
#38
splender
Oneday77
OK so without a trust etc. £500k assets. £40k home costs.
Well 5 years of a home would cost £200k, 40% inheritance tax on £500k costs £200k
So sell house, bank cash. Give £250k to kids, live for 5 years in home, use the last £50k to holiday in Switzerland. Then pay the remaining tax on the £250k given away 5 years ago at a reduced rate since it diminishes over 7 years.
Gives best of both worlds.
I for one want my kids to get a smoother start in life while still making them know the value of money. So they'd be already working and keeping their own home.. As I'd expect to be 70 before any of this would be a possibility.
A practical illustration, what happens at the end of five years, one is still breathing?
That is what the trip to Switzerland is for.
I could try Ski Jumping, Black Ski Runs or fill up on dodgy drug cocktails. Either way a 70 year old wouldn't have much chance.
#39
splender
Oneday77
OK so without a trust etc. £500k assets. £40k home costs.
Well 5 years of a home would cost £200k, 40% inheritance tax on £500k costs £200k
So sell house, bank cash. Give £250k to kids, live for 5 years in home, use the last £50k to holiday in Switzerland. Then pay the remaining tax on the £250k given away 5 years ago at a reduced rate since it diminishes over 7 years.
Gives best of both worlds.
I for one want my kids to get a smoother start in life while still making them know the value of money. So they'd be already working and keeping their own home.. As I'd expect to be 70 before any of this would be a possibility.
A practical illustration, what happens at the end of five years, one is still breathing?

You could always walk in front of a train then. Still 4 years in profit and a few prostitutes under your belt. Go out with a bang ;)
1 Like #40
mutley1
splender
Oneday77
OK so without a trust etc. £500k assets. £40k home costs.
Well 5 years of a home would cost £200k, 40% inheritance tax on £500k costs £200k
So sell house, bank cash. Give £250k to kids, live for 5 years in home, use the last £50k to holiday in Switzerland. Then pay the remaining tax on the £250k given away 5 years ago at a reduced rate since it diminishes over 7 years.
Gives best of both worlds.
I for one want my kids to get a smoother start in life while still making them know the value of money. So they'd be already working and keeping their own home.. As I'd expect to be 70 before any of this would be a possibility.
A practical illustration, what happens at the end of five years, one is still breathing?
You could always walk in front of a train then. Still 4 years in profit and a few prostitutes under your belt. Go out with a bang ;)
That's not really very funny. Would you like to be the poor train driver that hits the suicide or the people that have to scrape the bits up afterwards?

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