>>Pleased to say that MP (Vikki Slade, Liberal) voted in favour of the bill, as she'd promised when I wrote to her about it.<<
Yay for integrity!
>>My heath is fine at present (expect when I get sciatica or break something), but I'm terrified of dementia (the bill doesn't cover that, but hopefully it may one day extend to it, such that if wishes are expressed in a proper power of Attorney while a person is still of sound mind).<<
Not to mention the risk of being tortured to extend an already miserable existence.
>>I want my money to go to my grandchildren and not on end of life care for me.<<
Well reasoned.
One approach to that is to keep an eye on your life trajectory. Most people don't, but it's doable. Except in cases where someone suddenly drops dead -- which avoids the circumstances concerning you -- there are usually "Your exit is approaching!" signs. Frex, breaking a hip is typically about a 1-year warning, with a range from about 6-18 months. Not a guarantee but a clue to start getting ready. And it's the last year that runs the highest expenses.
So if you want money to go to family instead of predators, start funneling it as soon as you start seeing the signs. Many places have limits on how much you can give, but it's usually focused on individuals so you can spread it around; and it often focuses on gifts rather than, say, buying a new car and selling it a few months later for a fraction of the cost. If you want to make an active plan to support your grandchildren, a financial advisor could tell you the rules in your locale and help you figure out a plan.
Thoughts
Yay for integrity!
>>My heath is fine at present (expect when I get sciatica or break something), but I'm terrified of dementia (the bill doesn't cover that, but hopefully it may one day extend to it, such that if wishes are expressed in a proper power of Attorney while a person is still of sound mind).<<
Not to mention the risk of being tortured to extend an already miserable existence.
>>I want my money to go to my grandchildren and not on end of life care for me.<<
Well reasoned.
One approach to that is to keep an eye on your life trajectory. Most people don't, but it's doable. Except in cases where someone suddenly drops dead -- which avoids the circumstances concerning you -- there are usually "Your exit is approaching!" signs. Frex, breaking a hip is typically about a 1-year warning, with a range from about 6-18 months. Not a guarantee but a clue to start getting ready. And it's the last year that runs the highest expenses.
So if you want money to go to family instead of predators, start funneling it as soon as you start seeing the signs. Many places have limits on how much you can give, but it's usually focused on individuals so you can spread it around; and it often focuses on gifts rather than, say, buying a new car and selling it a few months later for a fraction of the cost. If you want to make an active plan to support your grandchildren, a financial advisor could tell you the rules in your locale and help you figure out a plan.