Empty nest & loving it

Well my oldest is 21 but I expect she’ll be at home til at least her mid 30’s and my younger children are 4 and 1 so no such luck yet! Maybe in another 30 or so years time!

Hope you’re enjoying your well deserved peace and quiet

We're very practical about it all - our daughter will get everything we own when we die - so surely we should be off-loading everything we can to her before then to avoid any tax liability.

My dad organised doing this for my nan ages ago at the time you had to make sure large amounts or property were signed over at least ten years prior to death or you still got taxed! Not sure about now though as that was 20 years ago! 

At the moment mine would just get alot of bills so think I will keep them! 

My dad organised doing this for my nan ages ago at the time you had to make sure large amounts or property were signed over at least ten years prior to death or you still got taxed! Not sure about now though as that was 20 years ago! 

At the moment mine would just get alot of bills so think I will keep them! 

We're lucky to be in a crazy-high cost area - when we downsize, we can buy the same property for 1/4 the price of around here.

I would love to be in a position to do this for my children but financially I can't see it ever being possible! Don't get me wrong they all have a significant sum put away for them in the future (thanks dad!) but for me to do anything is impossible which really sucks. We will just have to see how things pan out, your daughter is very lucky, you are right no-one needs stress!

The idea is that if life doesn't work out for her, there's a solid fall-back postion. It's to remove stress from her life because nobody needs stress..

What a good idea! 

We've already said that when we downsize and move, she's welcome to come too and we'll build a small bungalow in the garden for her.

That way, when we croak, she has a rental property to let within walking distance.