boyst Posted April 7, 2014 Share Posted April 7, 2014 With tax time here I always check over my documents and it always make me think. I know it is personal so don't feel inclined to share but I always think it is interesting how some people roll out their beneficiaries. Especially when they are unmarried and/or do not have kids. Mine are my nieces and nephews who get 25% each. One gets a bull, one gets a steer, one gets a heifer and one gets a cow. Link to comment Share on other sites More sharing options...
Chandler#81 Posted April 7, 2014 Share Posted April 7, 2014 Mrs. C#81and the rest split between both children. My ashes, on the other hand, to be sprayed over the Stadium from a plane to exorcise the obvious demons who reside there... Link to comment Share on other sites More sharing options...
DC Tom Posted April 7, 2014 Share Posted April 7, 2014 If the wife and I pass, half goes into a trust for the nieces' and nephew's college tuition, and half goes into a trust for the cats. Link to comment Share on other sites More sharing options...
IDBillzFan Posted April 7, 2014 Share Posted April 7, 2014 If the wife and I pass, half goes into a trust for the nieces' and nephew's college tuition, and half goes into a trust for the cats. And no, he's not kidding. Link to comment Share on other sites More sharing options...
Buftex Posted April 7, 2014 Share Posted April 7, 2014 A sister of mine, who has a tough life... she is one of my heroes! Link to comment Share on other sites More sharing options...
BringBackFergy Posted April 7, 2014 Share Posted April 7, 2014 If the wife and I pass, half goes into a trust for the nieces' and nephew's college tuition, and half goes into a trust for the cats. Upon passing of the last cat, the trust terminates...who gets the corpus?? Or do you plan on letting the cats procreate for years to allow the trust to continue for grand-cats and great-grand cats?? Link to comment Share on other sites More sharing options...
Chef Jim Posted April 7, 2014 Share Posted April 7, 2014 We have not children. For retirement accounts and insurance wife first then trust. All other non-retirement assets the trust. Benes of the trust are some cat shelter (yeah, yeah gotta keep the wife happy) my high school, siblings and then their kids. Link to comment Share on other sites More sharing options...
IDBillzFan Posted April 7, 2014 Share Posted April 7, 2014 Upon passing of the last cat, the trust terminates...who gets the corpus?? Or do you plan on letting the cats procreate for years to allow the trust to continue for grand-cats and great-grand cats?? I'm sure he makes the cats receive a graduated stipend based on hitting litter milestones. Link to comment Share on other sites More sharing options...
DC Tom Posted April 7, 2014 Share Posted April 7, 2014 Upon passing of the last cat, the trust terminates...who gets the corpus?? Or do you plan on letting the cats procreate for years to allow the trust to continue for grand-cats and great-grand cats?? ASPCA. We were going to say "Whoever takes care of the cats when we're gone gets to keep the money," but we figured anyone would just euthanize the cats in that case. Link to comment Share on other sites More sharing options...
Chef Jim Posted April 7, 2014 Share Posted April 7, 2014 ASPCA. We were going to say "Whoever takes care of the cats when we're gone gets to keep the money," but we figured anyone would just euthanize the cats in that case. Depends on how much money you have but I'd take care of the cats then euthanize you. On second thought the amount of money is irrelevant. Link to comment Share on other sites More sharing options...
eball Posted April 8, 2014 Share Posted April 8, 2014 It's a great question. My wife and I are kid-less also. Have been delaying seeing an estate planner for far too long; it's on the "to-do" list this year. Just leaving everything to each other in a will is not sufficient; I think people really need to have trusts/etc. set up. Link to comment Share on other sites More sharing options...
mead107 Posted April 8, 2014 Share Posted April 8, 2014 None of you. First one to the house can have the Stromboli that is in the freezer. Kids know how to make it. Link to comment Share on other sites More sharing options...
Chef Jim Posted April 8, 2014 Share Posted April 8, 2014 It's a great question. My wife and I are kid-less also. Have been delaying seeing an estate planner for far too long; it's on the "to-do" list this year. Just leaving everything to each other in a will is not sufficient; I think people really need to have trusts/etc. set up. We didn't have a trust for a long time. And as a financial planner it was kind of embarrassing. We were headed to the airport for a trip and I added up in my head all the assets that would be left if the plane went down. The life insurance and equity in our house (it was the peak of the market) alone was a lot. I thought about what our families would have to deal with if we didn't make it back. They would have been pissed. So we got the trust done the week we got back. I have clients with a net worth probably close to $3 mill. They have four kids, three of which are minors. When we met they had no trust. I asked "if you two were killed in a car accident tonight who will take care of your kids?". She said "my 19 year old daughter?". I said "NO!!!" She then said she had an "agreement" with her sister. I again said "NO!!! We're getting your trust done!". We meet in two weeks to fund the trust and change benes. People are such lazy (and cheap) fools. Link to comment Share on other sites More sharing options...
BuffaloBud Posted April 8, 2014 Share Posted April 8, 2014 We didn't have a trust for a long time. And as a financial planner it was kind of embarrassing. We were headed to the airport for a trip and I added up in my head all the assets that would be left if the plane went down. The life insurance and equity in our house (it was the peak of the market) alone was a lot. I thought about what our families would have to deal with if we didn't make it back. They would have been pissed. So we got the trust done the week we got back. I have clients with a net worth probably close to $3 mill. They have four kids, three of which are minors. When we met they had no trust. I asked "if you two were killed in a car accident tonight who will take care of your kids?". She said "my 19 year old daughter?". I said "NO!!!" She then said she had an "agreement" with her sister. I again said "NO!!! We're getting your trust done!". We meet in two weeks to fund the trust and change benes. People are such lazy (and cheap) fools. Wise men don't need advice. Fools won't take it. B Franklin Link to comment Share on other sites More sharing options...
DC Tom Posted April 8, 2014 Share Posted April 8, 2014 Depends on how much money you have but I'd take care of the cats then euthanize you. On second thought the amount of money is irrelevant. If my wife and I both go, after all bills are paid there's a healthy seven figures left over. Those cats would be worth a ****-ton of money. Link to comment Share on other sites More sharing options...
eball Posted April 8, 2014 Share Posted April 8, 2014 If my wife and I both go, after all bills are paid there's a healthy seven figures left over. Those cats would be worth a ****-ton of money. People don't normally consider the two digits after the decimal point, Tom... Link to comment Share on other sites More sharing options...
Security Posted April 8, 2014 Share Posted April 8, 2014 (edited) Wife, then Mom, then brother, no kids here either Edited April 8, 2014 by Security Link to comment Share on other sites More sharing options...
boyst Posted April 8, 2014 Author Share Posted April 8, 2014 People don't normally consider the two digits after the decimal point, Tom... no, no. He is right. He meant $0000003. Link to comment Share on other sites More sharing options...
ICanSleepWhenI'mDead Posted April 10, 2014 Share Posted April 10, 2014 If my wife and I both go, after all bills are paid there's a healthy seven figures left over. . . . My younger brother Darryl noticed this: http://www.cinemablend.com/new/Rise-Planet-Apes-Sequel-Lands-Andy-Serkis-Seven-Figure-Deal-27704.html Serkis . . . strapped on the spandex and sensors again for Rise to portray Caesar, a chimp who is accidentally dosed with an experimental Alzheimer's drug and becomes super-intelligent as a result. * * * * * Serkis has just signed a "healthy seven-figure deal" to play Caesar again. Spandex? Alzheimer's? Considers himself super-intelligent? Healthy seven figures? This could explain a lot. Who knew Caesar had cats? Link to comment Share on other sites More sharing options...
bbb Posted April 10, 2014 Share Posted April 10, 2014 I'm not sure how this happened, but apparently my beneficiaries are Mary Wilson and Jeff Littman. Link to comment Share on other sites More sharing options...
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