"By selling our family company, we have been able to provide for our family and are thus in a position to look at our assets in a new light, because there are no demands on them beyond our lives.
"Since I cannot take anything with me when I die, and since there is no one to provide for, it is my intention to die penniless.
"This is not particularly easy to do in an organised way and seems to be frowned upon by the lawyers and accountants.
"But if I imagine a fairly late date of death, say at the age of 95, I can make a plan that by that age I have nothing and have disposed of or given away all my assets. It seems sensible to have reviews every five years or so, as personal expenditure and investment returns vary, so giving needs to vary too.
"Annuities are useful if you expect to live a long time, but expensive if The Lord decides he needs you early!
"I hope to make an arrangement with my sons that if I live beyond 95, they will support me in some way."