What would you do with savings and had no one that will inherit it?

Who would get the house if you put the money there??

Spend it on yourself now!! Take a vacation..
My will is made and I've designated several charities and 2 friends that have helped me and my late husband over the years. Since I'm not leaving anything to my son or step kids and I don't have anyone to be my executor, the attorney appointed a Foundation here that will handle the bank account and house after I'm gone. The profits from the sale of the house will be added to the distribution of funds to the first 5 charities/people in my will. I'm donating my car so that won't be sold.
 

I can't help you with deciding where to leave your assets.
I would not stick any money into the house unless you've decided that your going to stay put. It sounds like you really don't know where you want to live.
I have decided to stay here in "our" home. I wrestled with that uncertainty for quite a while but now I feel happy and settled in my decision :)
 
I have decided to stay here in "our" home. I wrestled with that uncertainty for quite a while but now I feel happy and settled in my decision :)
I'm glad you've made your decision and it makes you feel happy and probably secure. In that case, by all means, have the work done that will make it a beautiful, comfortable home. The practical side of me adds ...just make sure you have a reasonable amount left for any unexpected expenses such as medical bills and home repairs.

@Pepper St. Jude is one of my favorite charities too. My RMDs go to them each year. St. Jude is the only charity that is included with my other brokerage beneficiaries. They'll get a percentage of the IRA from which the RMDs are distributed.
 
I'd make the nest as comfortable as possible remodel for when you get older, widen doorways, level or install lifts, walk-in or roll-in showers are a blessing, take it from a crip, and put your new flooring in.
When we remodeled, the main bathroom upstairs was completely redone. We had the old shower/tub removed and a walk-in shower installed. My late husband shattered his left ankle in a fall back in 2012. He had no bones and only calcium deposits that were put in so he could keep his left foot. He wore a specially made leather brace on that ankle, which did not bend, so we didn't want him tripping trying to get out of a tub.
 
We had planned to do it anyway but I put everything on hold because I wasn't sure if I was staying here or not.
Stay in your house as it is your home, and because it feels good to be home. šŸ¤—

Personal: I want to stay in my home, no matter what. I'll spend what-ever is necessary to make our final years the best they can be. Both my wife and I are "homebodies" so thankfully we're on "the same page"...
 
Consider yourself your own heir, and spend your money on yourself. Stop analyzing the house as an investment, instead look at it as your sanctuary from the world and make it as nice as you can afford.

Yep. House is an expense, not an investment. :)

You can't spend part of it. :cool:
 
@Colleen, I know you were surprised to receive a Happy Mother's day text from your son or his girlfriend. I hope it is true and genuine but given everything you have said about your estrangment it makes me question, why is he reaching out now?

Are the two of them plotting to get back in you good graces. Your husband has passed and you are 77. You appear to have property, funds that must go somewhere. Could they be thinking they would like to recieve your estate. If they come back in your life with constant attention, it would spook me.

I guess I have always been a person that sees people for what they want and who they are. It does make anyone sensitive if they send red flags. Genuine love and care can easily idetified. Deceit is tricky. I have been struggling with a similar problem, not with my son but my DIL.

Our dearest family friend passed in 2020. I took care of him in his home and mine when he was ill.
He came here to live after a below the knee due to diabetes. He was here about 3 months. I took him to the doctor, physical therapy and to get his prothesis. I cooked his healthy meals and snacks. We did bed baths the body areas I could. I left him to take care of his private areas. I washed his hair, trimmed hair and nails. Washed his clothes, changed his bed and emptied his bedside commode. The funny thing is I would give him a grade when he had a bowel movement.
Just imagine getting a A+ for a good BM. We both just rolled with laughter.

After this ordeal, he said her was going to leave everything to me. I told him I am fine, if you want to leave something, leave it to my son. And so he did, the estate, his home, his car, his money, all his possesions..

Point of the story is that my son is married. A 50m VEHICLE was left. My son does not drive this as an everyday vehicle, he still drives his old car. They do use the car for family trips but wonder why he does not drive it everyday. My son tells me the proceeds from the house and the money have been placed in retirement accounts.

My friend did those so they could have a good start planning for retirement. I do love my DIL but she if one of those high maintenance girls. She is gorgeous in her natural state but feels the need to have expensive hair care, nails, clothes. Things I just find frivolous for such a pretty girl. It seems to me my son and my grandson do not matter as long as she gets what she wants.

There is not a thing I can say or do, they are adults. I can, however, make changes to my will which would prevent them from spending my money on stupid things for a long time. A time that would allow them to realize everything you want is not everything you need. There is a great difference. Of course, I could bypass then altogether and leave everything to grandson to receive when he is old enough to make good choices
 


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