This is from guestposter Wiggia:
It was a reply some time ago by Rossa to an article that jogged the old grey matter into stating that our will needed changing.
Like most people, a will is not something anyone wants to contemplate but eventually needs must and that time has arrived, the reply by Rossa was in respect to charity giving and the minefield it has become with all the big charities seemingly becoming infiltrated by people who want to use them for influence outside the charities original remit for political reasons and in the process have turned them, over many years, into businesses with CEOs earning very large salaries and a retinue of staff also on the gravy train, not my idea of a charity.
The easy answer is not to give them anything in the first place, but for us there is a quandary, not having any children to leave anything to, the estate has to be divided up when the time comes and the current arrangement ie the standing will is old and not fit for purpose, so a new one has to be drafted.
I fully realise we are far from the first people to be confronted with this problem but it doesn’t help when seemingly all charities have gone down the corporate route, even what appeared worthy, and they almost certainly are, local charities are now based on this corporate set up with CEOs on £90,000 a year, whilst fully accepting that they have to be run in a manner that promotes and helps their cause. The fact that many are doing the govts work on the cheap and are receiving govt funds whilst paying staff business salaries takes the gloss off any thoughts of making a legacy available.
Sadly the web site Fake Charities no sooner started to give out valuable information on the status of a lengthening list of these organisations than it disappeared without trace. There sadly doesn’t seem to be a suitable substitute.
It is possible to plough through individual charities’ annual financial reports, if you can find them in the small print, but it is hard going one at a time and and also by the time you get what you want, a reason to open another bottle of wine, they all appear to spell out similar facts, ones I don’t like on principle.
Now we could leave it all to other members of the family and indeed some provision will be made in that area, but it is a small family and all are well catered for and their children, plus it is difficult to seem fair in these matters and there are a couple of family members I would not give the time of day to, never mind a legacy, so you can see the dilemma.
Of course with us, the obvious answer is to spend it all, thereby alleviating the problem and I will make sure that road is followed as much as possible, but how successful one can be in doing that is open to argument. I believe the late Rock Hudson had managed to get his cash down to about $500 upon his demise but would suggest that as his ranch was left to his partner the cash side of things was not that important and the timing of such is with the gods or God as much as personal judgement.
Having children does make the whole process a lot easier, there is that natural first line in any will starting “to my …” and all being well with the family, that takes care of nearly all our worldly goods, and of course after you have gone, then what they do with it is hardly a problem you can have any influence over and it really is well beyond you then anyhow.
I think after making myself finally sit down and trawl through what seems an endless list of worthies is how disillusioned I’ve become with all of the charity set ups, I do have a lot more to go and will persevere, but even if I find some that have not been “corrupted” they still have to appeal to you and this is not going to be an easy task.
The trouble with blowing all on personal enjoyment is the timing, if you worry about not having enough when things go wrong the likelihood is you end up in care and the other lot take it all anyway.
This is one of those things countless and endless couples have had to face over the years, but there is not an easy option and that clock keeps ticking …
For OoL readers, from James:
The question has been asked about crossposting here and at NO and one detractor, a couple of years back, mentioned me seeing OoL as an extension of my own blog, which is bollox. The number of posts at my place is prolific. Occasionally, it’s so obviously an OoL type post that I double-post it here. Most times, if it’s only an OoL type, it only goes up at OoL.
This one of Wiggia’s is for two different sets of readers, with some overlap. OoL is not my site, it’s a joint site at which I’m an admin and so it has a certain readership different to mine. Over at NO, there are a lot of people who like feature type posts and so on.
Getting that balance right is, of course, the tricky bit.