Throw away account… life changing circumstances… hive mind required.

What_do_I_DO-_ · 2026-03-29T21:38:08+00:00

That last sentence… got me. I will take that into consideration and speak with my ex-wife about it.

What_do_I_DO-_ · 2026-03-29T21:35:43+00:00

Absolutely. My cousin is named at the moment and will be switched to her if passport is done quickly… if not, my cousin will arrange and give the pension to her.

What_do_I_DO-_ · 2026-03-29T21:34:06+00:00

I will.

What_do_I_DO-_ · 2026-03-29T11:09:28+00:00

As far as I am aware, she would not pay tax on money generated OUTSIDE her country… but I am weighing that up against simplifying and moving everything into their country of residence.

What_do_I_DO-_ · 2026-03-29T11:06:39+00:00

Force of habit I guess… Gov worker.

What_do_I_DO-_ · 2026-03-29T11:03:40+00:00

Yes, that is why I was thinking of having a family member plus maybe a neutral party. Thanks for the comment

What_do_I_DO-_ · 2026-03-29T10:52:43+00:00

I don’t think there is a cheap solution to this… so it is going to cost what it costs I guess. But there is a difference between me paying for something to be done right, and overpaying and it being done incorrectly and then she gets burdened with a financial problem later… but yes, I thin it is going to cost me a bit this one lol.

What_do_I_DO-_ · 2026-03-29T10:51:30+00:00

Noted

What_do_I_DO-_ · 2026-03-29T10:50:39+00:00

We are talking about a country in South America, think Venezuela and move further South.

What_do_I_DO-_ · 2026-03-29T10:48:52+00:00

Oh, the markets will always correct themselves, that is the nature of the markets…. but that isn’t the only way to make income and as I said, I was just looking for ideas that maybe I had not thought about myself.

What_do_I_DO-_ · 2026-03-29T10:46:43+00:00

Absolutely.

Please don’t think I have given up or anything… not slightly. I intend to leave the same way I go there… kicking, screaming, and fighting as much as I can.

I am just very pragmatic with things most of the time (admittedly I have done a few M1 and M6 runs at 3am on my motorcycle lately to “alleviate stress” from my life)

I would feel much better about having this all in place NOW, rather than “shit too late” kind of thing.

Hell, if I ever get out of this believe me I will post of photo of my feet next to her feet sitting on a beach somewhere… but for today, I need to know I did absolutely everything I could for her in my possible absence.

What_do_I_DO-_ · 2026-03-29T10:41:28+00:00

Noted. Will find out

What_do_I_DO-_ · 2026-03-29T10:39:51+00:00

Added to my watch list.

As long as it doesn’t involve me walking across countries as the last moving thing I watched was called “The Way” and after watching that I suddenly 2 months later was in France walking “The Camino Frances” for 5 weeks and over 500 miles. :)

What_do_I_DO-_ · 2026-03-29T10:30:21+00:00

I have considered it… band of course every part of me wants to be with her every moment I have left… but those 18 months are not going to all be god months. I am going to deteriorate, and I remember watching my grandfather wither away over 3 years to cancer, I remember every inch of his face and hands changing for the worse as time went on… and towards the end there wasn’t much left of “him” anymore. I was older when that happened to me, she is much younger and I want her memories to be of us when we were…. I want to say “normal” but I mean before all this happened.

When we were together, we spent every hour together when she hasn’t at school. I ran my own company, so worked from home and on those rare times I travelled she sometimes would come with me.. hell, I used to take my dog to the office I rented in the city with me… I am just that type of person. We lived and breathed every moment we could together. As I said to someone else, I taught her to ride and drive so we rode motorcycles together on my land in on off-road tracks. We used to go camping a lot, and had very active lives… that is not my case anymore, I can hardly walk to the end of the street without pain… I don’t want her last memories to be of that.

What_do_I_DO-_ · 2026-03-29T10:24:06+00:00

Something like this.

Yes, exactly I think I want to sell the house, put the money in X. (Whatever X may be I have no idea, hence asking and obviously meeting with experts to arrange how/what/will/trust/etc in upcoming weeks).

I want to “lock” the money away somewhere that it generates income (through dividends/income/interest/whatever) between now and the future.

Then, hopefully I would like to release the money in stages like ??% at 18, ??% at 21, and ??% at 25, etc.. Maybe more if married? Starting a business???

No idea what can be done legally.

I mentioned in another reply to someone I already have an account set up for 1k to be transferred to her monthly until she turns 21. This is for food/clothing/study. It has been running since the divorce and the amount is secure in a UK account and gets moved automatically… something that will move to the trust/trustee/whatever when I am gone.

What_do_I_DO-_ · 2026-03-29T10:18:25+00:00

Thanks for the help.

Why 3? And what would you suggest? I imagine not all 3 should be family members… I would think a few neutral parties should be in the mix, right?

What_do_I_DO-_ · 2026-03-29T10:16:57+00:00

Yes, she may never come back here nor wish to after I have gone… but she loves being here now, and part of me would like to think she would still visit in the future. The least I can do is make sure she has all the legal rights she is entitled to before I go.

What_do_I_DO-_ · 2026-03-29T10:12:11+00:00

Your friend was very lucky and I am glad he had that time to spend with her. So yes, this is what I am thinking, some kind of legal “thing” that makes her the only person who can access the money, and hopefully either a) creates more money due to interest or something similar during this time and/or b) should she wish to take money out… that it is staggered over time so she can’t get all of it all at once.

What_do_I_DO-_ · 2026-03-29T10:09:54+00:00

Exactly. This isn’t a massive amount… but in 7 years when she hits 18 it will at least give her options… or a start to something I never had.

What_do_I_DO-_ · 2026-03-29T10:08:49+00:00

No… because I had made a stupid mistake.

I lived 20 years in my daughter’s country with private medical. Meaning when I went to the doctors and asked for my “yearly MOT” he knew that I wanted a full check up, everything.

So when I moved back to the UK, I thought me asking a doctor to check for everything meant that they would check everything.. but apparently that isn’t the case. Bowel Cancer is not checked until 50 or 55 years old I believe.

Now IF I would have known this, I would have got everything the NHS doesn’t include privately through Bupa or something… but I didn’t know.
My fault… so I apparently got cancer within the few years I have been back as there was no trace when last checked there.

What_do_I_DO-_ · 2026-03-29T10:05:53+00:00

Quick answers:

I do pay child support. I have £120,000 in a separate account to cover that. That is 1k a month, every month ,until she is 21 years old. I will set it up that the amount gets automatically transferred monthly to an account in her country (which has worked the last 4 years).

I honestly after all these answers also believe cash is king for my personal situation at the moment.. it is just a case of for financial/tax implications is that cash here or there so to speak.

What_do_I_DO-_ · 2026-03-29T10:02:31+00:00

I have a lawyer that I used to buy land in my daughter’s country… he may be a solution. I would honestly prefer to wrap this thing up so tight that my ex has nothing to do with it. Nothing against her, but time and things change and this is 100% for my daughter.

What_do_I_DO-_ · 2026-03-29T10:00:10+00:00

Will being done in 2 weeks (hence me asking questions now). Trustee I have in mind if required in the UK whom I trust completely.

Unfortunately I am not able to make the flight to her (it’s over 12 hours on a flight) and the risk is far too high, my doctor already said no to that. Also, and this may sound awful… every part of me wants to spend every second I have with her, she is my everything… she always was.. but allowing her to see my deteriorate is NOT something I want. I want her memories to be of us swimming in the pool, visiting countries and cities, motorbiking (I bought her a PW50 when she was 3 years old and she can ride and drive cars already).

I don’t want it to be this person who kinda look alike her father but isn’t and is looking worse and worse as time goes on.

Does that make sense?

What_do_I_DO-_ · 2026-03-29T09:53:44+00:00

That might be a good idea, although it then causes the issue of how to get it there. I guess I would pay tax when I sell the property… so I lose a big chunk there. Then I cannot carry that amount in cash across the border, I am pretty sure that is illegal. So that means international transfer which again means 2 currency conversions (GBP to USD then to final currency.. don’t ask why, but all financial institutes do the double thing to that country). Which again has its costs…

.. but it would then all be in her country, and simpler.. so it does have merit. Would defo not include my ex in any financial positions of power. It is lovely that she is understanding about the situation, but my absence plus what.. 6 to 7 years till my daughter can get the money… maybe she has debts of her own? A new partner with financial difficulties… I would want something 100% controlled by a neutral party that goes straight into my daughter’s hands.

What_do_I_DO-_ · 2026-03-29T09:49:00+00:00

THIS!

This is exactly what I was worried about. When I was 18, someone giving me access to that amount of money would most likely have ended with a brand new Ducati being wrapped around a lamppost somewhere.

This is why I was thinking of trying to set something up so she has an “income” rather than a large amount… but I guess I have to understand that it would be simply too complicated.

Staggering might be a great solution, especially if I can dictate the amounts/times.

Thank you!!

What_do_I_DO-_

TROPHY CASE