The elderly are literally sleeping on a pile of money !!!!!! As I said in my post last week it is estimated to be trillions of pounds. But, there is a problem, how do you get your hands on it because for most people it is tied up in the value of their house. The mortgage may be paid off and the house will almost certainly have increased significantly in value, but, you will never see any of your increased wealth unless you can cash it in ☹️ There’s the catch 22, your asset rich, but income poor.
You could do a deal with a sharp-suited, fast-talking equity release adviser. They are probably going to get much more money out of your house than you will.
Your relatives may be anticipating a happy send off and the tax man will be holding out for his share. Smiles all round when your finally in the ground 😀
So don’t delay, liquidate your assets and make a dash for the cash.
Your next issue will be what to do with the dosh ? No point in putting
cash in bank they pay next to no interest and pretty soon they will charge you for looking after it.
Nobody else wants cash either in this new cashless society. Even burglars don’t want it, it’s to heavy to carry away. They only accept credit cards these days 😎
One bold option would be to go live in a 5 star hotel and at least go out in style —— for a while. Use up all your cash, max out all you credit cards and then pop your clogs.
Burglars, bank managers, the tax man and equity release salesmen will all be gravely disappointed, but at least your relatives will know you had a happy send off.