Planning for the Downsize: What to do with your “Stuff”

September 6, 2018 Hull & Hull LLP Charities, General Interest, In the News 0 Comments

We are a society of “stuff.”  Furniture, electronics, collectibles and other memorabilia.  You name it; chances are, something along those lines is gathering dust in your home or that of a close family member.  This poses an inevitable question for those inching towards retirement age and who are considering downsizing their living arrangements – what are they to do with all of their “stuff”?

A recent article in Forbes magazine suggests that, despite the ostensibly good intentions of prospective retirees, their children will only tolerate so many personal effects being pawned off on them.  For many millennials, the reality is that living space is a premium, especially for condo dwellers in the city.  Absorbing an enormous credenza or an old television into already cramped quarters is simply not feasible for most.  Those looking to downsize in advance of retirement may therefore have to look outside their immediate family for relief.

Prospective retirees have several options at their disposal to alleviate the stress and anxiety that accompany the moving process.  A number of well-known charitable organizations, including the Salvation Army and Habitat for Humanity, among a slew of others, assist in receiving and repurposing donated furniture, electronics, and other personal effects.  Contributing to these organizations ensures that less fortunate individuals and families will be able to enjoy these effects for years to come, while simultaneously providing a solution to the retiree’s downsizing conundrum.

Junk removal services are another alternative that have exploded in popularity in the last decade or so.  These companies will typically provide the labour to arrive at your doorstep with a truck in tow, removing unwanted personal items for a small fee.  Many of these companies will, in turn, donate collected items to charitable organizations or other entities to reduce waste and ensure peace of mind the prospective retiree.

If downsizing is on your mind in the near future, consider these options to ensure your household items are given a second life.  Your children will be most appreciative!

Thanks for reading.

Garrett Horrocks

Leave a reply

Your email address will not be published. Required fields are marked *

SUBSCRIBE TO OUR BLOG

Enter your email address to subscribe to this blog and receive notifications of new posts by email.
 

CONNECT WITH US

TRY HULL E-STATE PLANNER SOFTWARE

Hull e-State Planner is a comprehensive estate planning software designed to make the estate planning process simple, efficient and client friendly.

Try it here!

CATEGORIES

ARCHIVES

TWITTER WIDGET

  • To Consolidate or Not to Consolidate: James v. Estate of Clarence Roy James et al. Read about the three separate b… https://t.co/0dHaTzWdhB
  • The latest episode of our podcast is now live! Hull on Estates #627 – What is the Role of the Office of the Public… https://t.co/gIVTsdvjIC
  • Costs in SDA Proceedings: A Lesson from Rudin-Brown Today's article delves into the costs decision of Rudin-Brown… https://t.co/xoakfVgo4n
  • The Intersection of Family and Estate Issues – Does an estate have to pay retroactive child support? Last Monday's… https://t.co/Q1gCHnS6xY
  • Hundreds affected by IVF doctor’s alleged improper actions. Read today's article here: https://t.co/dDxepM30Ci… https://t.co/D0il5nbkuI
  • Today's article highlights some key take aways from the paper: “The Annotated Guardianship Application – The View F… https://t.co/WaEM4anqQv