williamalex1
Money List Winner
Anyone know if you need a lawyer to change a beneficiary's address on a will ?
How old is old and how do you prepare for old age?
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rulefan
Tour Winner
Just write a new will or you can simply add a Codicil. No lawyer needed.
You cannot amend your will after it’s been signed and witnessed. The only way you can change a will is by making an official alteration called a codicil.
You must sign a codicil and get it witnessed in the same way as witnessing a will.
Changes of name don't invalidate anything as long as the person is still identifiable.
If you (or a beneficiary) change address then it is sensible to put a note (the codicil) in with the will, to make it easier for the executors - so if you are keeping it yourself, pop a note into the envelope with the will (don't write on, or staple anything to, the will itself) to say (for instance "Fred Jones moved from 1 Acacia Avenue, Smallville, to 17 Wayne Road, Gotham, on 4th Jan 2021" or Janice Smith changed her name to Janice Williams in 2020", as it makes it easier for your executors to trace the people when the time comes.
You cannot amend your will after it’s been signed and witnessed. The only way you can change a will is by making an official alteration called a codicil.
You must sign a codicil and get it witnessed in the same way as witnessing a will.
Changes of name don't invalidate anything as long as the person is still identifiable.
If you (or a beneficiary) change address then it is sensible to put a note (the codicil) in with the will, to make it easier for the executors - so if you are keeping it yourself, pop a note into the envelope with the will (don't write on, or staple anything to, the will itself) to say (for instance "Fred Jones moved from 1 Acacia Avenue, Smallville, to 17 Wayne Road, Gotham, on 4th Jan 2021" or Janice Smith changed her name to Janice Williams in 2020", as it makes it easier for your executors to trace the people when the time comes.
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Mandofred
Well-known member
67
Fade and Die
Medal Winner
Ye Olde Boomer
Well-known member
It can come very early.
Being old occurs the first time you can't do something that you were once able to do,
and you realize that you'll never be able to do it again.
It can come as early as your thirties,
but no matter when it comes,
you're starting to die from that point forward.
You can even live to 100,
but the majority of your life will have been comprised of a slow death.
Don't think about that too much, though,
or you'll be sorry that you won that swimming race
in you Mum's fallopian tube.
Big consequences, that. [I tried to sound like one of your northerners there.]
Being old occurs the first time you can't do something that you were once able to do,
and you realize that you'll never be able to do it again.
It can come as early as your thirties,
but no matter when it comes,
you're starting to die from that point forward.
You can even live to 100,
but the majority of your life will have been comprised of a slow death.
Don't think about that too much, though,
or you'll be sorry that you won that swimming race
in you Mum's fallopian tube.
Big consequences, that. [I tried to sound like one of your northerners there.]
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SwingsitlikeHogan
Major Champion
Now turned 66 and looking back to what I posted back in Oct 2018 about heading off down under for 4+ months. Well we did it (in 2019) and over the last…gosh
…6 years it has stood us in great stead through difficult times.
Thing is…yes we have got 6yrs older…and we are still (mostly) well…but both my MiL and BiL have also got 6yrs older. Quite. And the thing is…as old or young-feeling we might be, both my MiL (94) and BiL (67) have been hit by serious issues of old age and illness respectively. And this means we are limited in what we can do, regardless of our own age and firmity (if there is such a word). We have to be available for them.
Do I feel old at 66…not in the slightest. Is old age impacting me…yup. Cos it’s not all about me - it’s not my ‘old age’…it’s theirs. And truth is we did not prepare ourselves at all for the last three years of caring for and supporting my MiL and BiL.
My advice is that you should get the main (bucket list) stuff you want to do done as soon as you can…as you might discover circumstances make these things difficult as age and infirmity of self and others close down opportunities.
…6 years it has stood us in great stead through difficult times.Thing is…yes we have got 6yrs older…and we are still (mostly) well…but both my MiL and BiL have also got 6yrs older. Quite. And the thing is…as old or young-feeling we might be, both my MiL (94) and BiL (67) have been hit by serious issues of old age and illness respectively. And this means we are limited in what we can do, regardless of our own age and firmity (if there is such a word). We have to be available for them.
Do I feel old at 66…not in the slightest. Is old age impacting me…yup. Cos it’s not all about me - it’s not my ‘old age’…it’s theirs. And truth is we did not prepare ourselves at all for the last three years of caring for and supporting my MiL and BiL.
My advice is that you should get the main (bucket list) stuff you want to do done as soon as you can…as you might discover circumstances make these things difficult as age and infirmity of self and others close down opportunities.
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HomerJSimpson
Hall of Famer
58 now and starting to think about retirement - scary thought on its own. Body not quite in full working order but for now have my faculties and can do everything I enjoy so well ahead of the game. Get to 60 and revisit pension pot.
Doon frae Troon
Ryder Cup Winner
That gap is regarded as 10 years
One thing I do know is, as you age the years start to flash by so make the most of it.
SwingsitlikeHogan
Major Champion
And I’m not so sure parallel lines are correct…I suspect that as I drift into my 80s (all being well) I will almost certainly begin to more feel my age. Indeed at that more senior (youth+) time of life I may well find myself feeling older than my age.That gap is regarded as 10 years
One thing I do know is, as you age the years start to flash by so make the most of it.
Crazyface
Tour Winner
Good luck with that !!!!
harpo_72
Journeyman Pro
I don’t think there is a physical number. I think the turn of events that have hit us have changed my outlook.. pension pots are pointless as they are not accessible, life can end today or you could get a sentence. Age you reached becomes irrelevant. Don’t waste the time you have .. on that note the gingerbread latte at Costa was sickly sweet and quite unpleasant.
I am thinking now is not a bad time to cash in the assets and just play golf pop some money in the boys ISA so he has something apart from a load of old golf clubs, an MX5 and irreverent attitude.
I am thinking now is not a bad time to cash in the assets and just play golf pop some money in the boys ISA so he has something apart from a load of old golf clubs, an MX5 and irreverent attitude.
SwingsitlikeHogan
Major Champion
When touring Queensland coast in a camper a few years ago we came across many ‘Grey Nomads’…couples (or singles) of 60-something-ish..usually retired, sold up house and belongings, bought a Ute and camper-trailer, or just big mobile - and they travel the country…meeting up with fellow traveller-friends from time to time and on public holidays.
I rather fancied the idea.
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Go when circumstances say you need to go or can afford to go.
I went just after my 59th birthday. Bowel cancer came calling. I didn’t wait to hear the prognosis. Notice went in, and as I was struggling to work I managed a month of the 3 month notice period. Op went well, although there was discomfort for months afterwards, and we moved to Spain 3 weeks later.
I could have stayed on through the difficult recovery period, picking up a pay cheque, or choose to recover in the sun doing whatever we wanted to do. I got to play golf twice a week in the sun for 3 years before the arthritis kicked in good and hard.
All the pension pots in the world can’t buy time.
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