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View Poll Results: Last Will -how prepared are you?
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Done one for UK ONLY
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34 |
46.58% |
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Done one for TURKEY ONLY
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1 |
1.37% |
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Both wills sorted I AM SOOOO ORGANİSED
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11 |
15.07% |
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Still procrastinating DEATH WON'T HAPPEN TO ME!
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27 |
36.99% |
20th January 2008, 17:51
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#11
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Raki-Cherry-Diva
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Re: Last Will - will u or won't u?
Wills are something neither me or my hubby have ever thought about, but I suppose you need to get things in order as who knows when they're gong to die. I'd say ours is straighforward, he gets everything if I die first and vice versa.
A few years a go, an english woman living in Kusadasi lost her hubby to a heart attack; both of their names were on the Tapu. The court decided that she could keep her half; the hubby's half was split equally between his wife, their two children, and his son from a previous marriage (4 ways). The man's son from a previous marriage also wanted his stepmother to sell the house as he wanted his share and thats what she did.
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20th January 2008, 18:26
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#12
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New Member
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Re: Last Will - will u or won't u?
a
Last edited by MiniBean : 27th April 2008 at 22:06.
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20th January 2008, 19:52
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#13
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Senior Member
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Re: Last Will - will u or won't u?
There is a funny system in place in the UK if you die intestate. Let us assume that hubby goes first, although I suppose it works the other way as well. The estate is valued and half goes to the surviving spouse, with the other half going to the children. However, dependent on the value of the estate, anything over a certain value (and I don't know what that is) also goes to any surviving children along with their half. This could mean that a surviving spouse could be forced to sell their property to "give" the children their "cut" which the law says they are entitled to! Good case for making UK mirror wills - which we have not done! Hubby says it is tempting providence, but if he goes first it will leave me in the cart. Although vice versa if he is left! It would be nice to think that one's children will not force you to sell your property, but you never know. Does infanticide cease to be a crime after a certain age and become plain murder? Of course, whilst the balance of the mind was disturbed following bereavement! But this thread does provoke thought about what one should be doing against what one is intending to do. Maisie
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20th January 2008, 20:04
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#14
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Recycled Teenager
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Re: Last Will - will u or won't u?
My ex & I moved into our first house when I was 21 and the solicitor told us we needed to make a will, well I nearly fell off my chair with shock, but as he pointed out, my Father bought this house for us, and if we had both died at the same time, half of the value would have gone to my inlaws, no way. I have updated my Will through the years, with changing circumstances. My Brother has been meaning to make a will for the past 3yrs since Dad passed away. We discussed this again last week, as there are only the 2 of us left (apart from cousins, who we do not wish to share our hard earned pennies with), and I printed off a sample will from the internet and will get this sorted this week. I just wish you could still get the wills' that the Post Office supplied years ago, as they looked more professional than my last will, drawn up by a Solicitor in 1991, on plain A4 paper and which I had to pay £75. for.
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20th January 2008, 20:32
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#15
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Member
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Re: Last Will - will u or won't u?
Hi, We bought a property last year, and we are both on our second marriage, I did a bit of research and the best advice I got from both England and Turkey, was to do a will in both countries,concerning both seperate properties, but I stated that the will in England being country of residence, was to come first, And I was told the will in Turkey, might still be overturned, in favour of the kids, they would end up with most, if taken to court under dispute. Hope thats not even more confusing.The lawyer, notary, in Altinkum was very good, and explained things better than I can,
Jules, xx
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20th January 2008, 23:43
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#16
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Member
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Re: Last Will - will u or won't u?
This is something that we have been meaning to do for the past ten years, and are still no nearer to doing! I suppose our will would be similar to many other people, "to go to the remaining spouse, or if we were to go within 30 days of each other, then split 4 ways." However, there are a few things that I would like to go to my nieces, so I know that we should put aside time and get it sorted, in both countries. But it's always "Manyana". I don't have any worries about our Turkish property going directly to our sons, because if they ever tried pulling the "It's ours, you have to sell" line, they have been warned in advance that I would haunt them, and I think they've probably had enough of me while I'm breathing to chance that! But I WILL get it sorted this year, I promise.
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21st January 2008, 00:41
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#17
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Senior Member
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Re: Last Will - will u or won't u?
Never mind manyana... you should be saying yarin
I started this thread but we haven't a will YET. Had some awful events happen in our Turkish side of the family this last year so we are keen to get it sorted.
Plus it's not just the issue of assets - what about debts? Perhaps money you owe to family members? You have to make sure this gets repaid before any dividing of wealth or you could leave someone in the lurch.
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21st January 2008, 23:14
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#20
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Senior Member
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Re: Last Will - will u or won't u?
Quote:
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Has anyone used an online will company to do their UK will?
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This could be a costly method of doing a will, even an `uncomplicated` will will have complications. There is also inheritance tax to consider when just one of you die. There are many issues to be addressed that can easily compact on all the different areas that have to be considered. To be sure you have to get a company that specialises in inheritance tax & wills or it could cost your survivor a lot of £s. Get it wrong and your survivor could be paying almost half your wealth (40%) to the taxman on death.
having said that any will is better than none at all.
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