Thanks. It feels like the good old days are over.
SVTP stock pick thread.
- Thread starter STAMPEDE3
- Start date
Thanks. It feels like the good old days are over.
The longer the party, the longer the hangover.
Sorry to hear. My parents are up there in age now and I spend a lot of time helping them with things.
I have a friend from college whose father gifted him and his sister each a mutual fund over 50 years ago and he's been reinvesting the capital gains and dividends the whole time. Can't imagine what it's worth these days.
Just started doing this for our daughter, shes 8. Not sure when were going to give it to her exactly, wife and I still need to hammer out our estate plan and living trust so we will detail it out then.
I still keep stalling on having a will/trust/estate plan drawn up. Part of it is I don't know how I will allocate my assets after I pass.
Its easy with one wife, one kiddo and a custodian/caregiver already identified for the worst case "Batman Begins" type scenario. Guess that means I have no excuse for stalling, **** me lol.
No wonder your health is so bad.You have much to learn old man.
Can’t get a hang over if the party never ends
That went right over your head
Took a beating today, down 2.27%
No it didn't. I just felt like poking you in the ribs.
Today? How about the last few weeks. It's now starting to get old.
More downside to come this year.
I hope not.
My wife and I just consulted with our attorney about this. Assuming all of your monetary assets and real estate holdings would be spread out evenly among children, if you have them, it is important to make the distinction about any individual assets to be allocated to a specific beneficiary. You need to make a list and itemize those assets and where they need to go. Make the executor or whomever aware of the fact that there is a list. If you’re not specific, the distribution of the “ minutiae “ will likely become a problem among sibling beneficiaries (assuming that is whom you’re talking about).
“ you don’t think something is important to you, until it’s important to you” she said.
Having said that, it’s really best to understand what the laws in your particular state are. We’ve been dragging our feet as well, but everybody really needs to make sure they get this ( a will) done.
I will add to the above, there is always someone in the family that is unhappy about the dispersal of the assets. Generally the last person you would think would be a problem. It happened to us.
Don't even get me started on the shit my sister pulled when my dad died. Greedy **** that she is. Let's put it this way, I haven't talked to her in at least 8 years.
I'm not leaving any financial assets to anybody, only personal belongings. I have two younger siblings and both married very successful men. They don't need any money. I want to start a charitable trust with my money but still don't know how I want it allocated. Maybe a higher education scholarship or a children's hospital.
Edited for spelling error.
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As you know from my thread here, my mother is 100 years old so… You know…
My sister is the same way. She’s laid claim to just about everything.
Disgusting.
Just putting it out there, and I’m not an attorney, but I think SVTP membership group might be considered a charitable organization.
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