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 MotorMouth
Highly evolved idiot
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Posted: 8/10/2012 5:53:15 PM
[Last Edit: 8/10/2012 5:53:59 PM by MotorMouth]
Originally Posted By targettarget:
Originally Posted By ar154all:
Originally Posted By targettarget:
Originally Posted By ar154all:
Originally Posted By hotbiggun42:
What is the point of your thread OP? Does he ever have a point? You people are nuts for trying to explain this away. In your last year of life, you would still need to pay any associated taxes related to income. You would still have to pay your executor for fulfilling your will. You would still have to pay a realtor for selling your house. You still have to pay for your funeral, etc... $10,000 wouldn't come close to covering all of this; ergo, if you are dead and have less than $10,000 to your name total, you're fucking over your children, other family and / or the executor of your will. "Wealth Assets Management"; how does it work? Frankly (and unfortunately) in this sue happy society, I dare say anyone with over 10K (non home, retirement, and car) in assets is begging for a lawsuit. The 10K that you mention is what is known to be of the deceased. Do you honestly think that we keep all our money in banks? I personally own @ 50K in land free and clear. None of it is in my name, but I control it in a method that will transfer to an appointed person after my death. As long as the taxes keep getting paid, it can never be taken, lost, or forfeited. "Ownership is 9/10 of the law'; the other 1/10 is 'proving it'. Welcome to America.
Your trolling and/or butting in on the financial planning of an entire Nation amazing. Trolling and "butting in on the financial planning of an entire nation". Please, go on..... 
You're making lots of assumptions about what people need in their estates when they die. Everything you mentioned can be taken care of with the right instruments, and outside of the testator's estate. Tax avoidance and estate planning, how does it work? |
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Posted: 8/10/2012 5:56:05 PM
time to research long term care insurance
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ar154all
Bikini State
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Posted: 8/10/2012 5:58:48 PM
Originally Posted By targettarget: Originally Posted By ar154all: Originally Posted By targettarget: Originally Posted By ar154all: Originally Posted By hotbiggun42: What is the point of your thread OP? Does he ever have a point? You people are nuts for trying to explain this away. In your last year of life, you would still need to pay any associated taxes related to income. You would still have to pay your executor for fulfilling your will. You would still have to pay a realtor for selling your house. You still have to pay for your funeral, etc... $10,000 wouldn't come close to covering all of this; ergo, if you are dead and have less than $10,000 to your name total, you're fucking over your children, other family and / or the executor of your will. "Wealth Assets Management"; how does it work? Frankly (and unfortunately) in this sue happy society, I dare say anyone with over 10K (non home, retirement, and car) in assets is begging for a lawsuit.
The 10K that you mention is what is known to be of the deceased. Do you honestly think that we keep all our money in banks? I personally own @ 50K in land free and clear. None of it is in my name, but I control it in a method that will transfer to an appointed person after my death. As long as the taxes keep getting paid, it can never be taken, lost, or forfeited. "Ownership is 9/10 of the law'; the other 1/10 is 'proving it'. Welcome to America. Your trolling and/or butting in on the financial planning of an entire Nation amazing. Trolling and "butting in on the financial planning of an entire nation". Please, go on..... Your a troll. You have always been a troll. You will always be a troll. You know nothing of what you speak. You quite possibly are the stupidest person I know, and I have worked in a few prisons. Take a phone book for any mid to large size American city and open it to attorney. Find 'estate planning' or 'asset management' or similar. Walk into any bank branch and ask to speak to a retirement planner. If any of these people advise you in such a way that you have greater than 10K upon your natural death, find another adviser. If you however feel differently, I really dont give a fuck. So go find some other "America Sucks" article and try to toll with that, your done here. |
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Posted: 8/10/2012 6:02:13 PM
[Last Edit: 8/10/2012 6:03:28 PM by Driver75]
Common sense. As your days grow short, get rid of it. However you can. Why pay estate tax? Worse yet get bled for everything for medical care? Meh I'm giving my grandkids gold / silver bars, and selling them all new cars for 1 dollar before I go.
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Dan_Gray
blue kung fu panda
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Posted: 8/10/2012 6:10:05 PM
Originally Posted By ar154all:
Originally Posted By targettarget:
Originally Posted By ar154all:
Originally Posted By targettarget:
Originally Posted By ar154all:
Originally Posted By hotbiggun42:
What is the point of your thread OP? Does he ever have a point? You people are nuts for trying to explain this away. In your last year of life, you would still need to pay any associated taxes related to income. You would still have to pay your executor for fulfilling your will. You would still have to pay a realtor for selling your house. You still have to pay for your funeral, etc... $10,000 wouldn't come close to covering all of this; ergo, if you are dead and have less than $10,000 to your name total, you're fucking over your children, other family and / or the executor of your will. "Wealth Assets Management"; how does it work? Frankly (and unfortunately) in this sue happy society, I dare say anyone with over 10K (non home, retirement, and car) in assets is begging for a lawsuit. The 10K that you mention is what is known to be of the deceased. Do you honestly think that we keep all our money in banks? I personally own @ 50K in land free and clear. None of it is in my name, but I control it in a method that will transfer to an appointed person after my death. As long as the taxes keep getting paid, it can never be taken, lost, or forfeited. "Ownership is 9/10 of the law'; the other 1/10 is 'proving it'. Welcome to America.
Your trolling and/or butting in on the financial planning of an entire Nation amazing. Trolling and "butting in on the financial planning of an entire nation". Please, go on.....
Your a troll. You have always been a troll. You will always be a troll. You know nothing of what you speak. You quite possibly are the stupidest person I know, and I have worked in a few prisons. Take a phone book for any mid to large size American city and open it to attorney. Find 'estate planning' or 'asset management' or similar. Walk into any bank branch and ask to speak to a retirement planner. If any of these people advise you in such a way that you have greater than 10K upon your natural death, find another adviser. If you however feel differently, I really dont give a fuck. So go find some other "America Sucks" article and try to toll with that, your done here. 
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Posted: 8/10/2012 6:11:17 PM
The stupid in this thread is strong.
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cmjohnson
I see stupid people. They're EVERYWHERE.
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Posted: 8/10/2012 6:17:43 PM
If you time your spending just right, you get to enjoy spending all your money just about the time your clock runs out.
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Posted: 8/10/2012 6:24:54 PM
This means the left's plan is working
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targettarget
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Posted: 8/10/2012 6:29:20 PM
Originally Posted By Driver75: Common sense. As your days grow short, get rid of it. However you can. Why pay estate tax? Worse yet get bled for everything for medical care? Meh I'm giving my grandkids gold / silver bars, and selling them all new cars for 1 dollar before I go. "Pay estate tax"? Do you know even know when the "estate tax" starts to take effect? It ain't $10,000.  |
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targettarget
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Posted: 8/10/2012 6:30:12 PM
Originally Posted By ar154all: Originally Posted By targettarget: Originally Posted By ar154all: Originally Posted By targettarget: Originally Posted By ar154all: Originally Posted By hotbiggun42: What is the point of your thread OP? Does he ever have a point? You people are nuts for trying to explain this away. In your last year of life, you would still need to pay any associated taxes related to income. You would still have to pay your executor for fulfilling your will. You would still have to pay a realtor for selling your house. You still have to pay for your funeral, etc... $10,000 wouldn't come close to covering all of this; ergo, if you are dead and have less than $10,000 to your name total, you're fucking over your children, other family and / or the executor of your will. "Wealth Assets Management"; how does it work? Frankly (and unfortunately) in this sue happy society, I dare say anyone with over 10K (non home, retirement, and car) in assets is begging for a lawsuit.
The 10K that you mention is what is known to be of the deceased. Do you honestly think that we keep all our money in banks? I personally own @ 50K in land free and clear. None of it is in my name, but I control it in a method that will transfer to an appointed person after my death. As long as the taxes keep getting paid, it can never be taken, lost, or forfeited. "Ownership is 9/10 of the law'; the other 1/10 is 'proving it'. Welcome to America. Your trolling and/or butting in on the financial planning of an entire Nation amazing. Trolling and "butting in on the financial planning of an entire nation". Please, go on..... Your a troll. You have always been a troll. You will always be a troll. You know nothing of what you speak. You quite possibly are the stupidest person I know, and I have worked in a few prisons. Take a phone book for any mid to large size American city and open it to attorney. Find 'estate planning' or 'asset management' or similar. Walk into any bank branch and ask to speak to a retirement planner. If any of these people advise you in such a way that you have greater than 10K upon your natural death, find another adviser. If you however feel differently, I really dont give a fuck. So go find some other "America Sucks" article and try to toll with that, your done here. Get madder, bro. I love it when you get mad.  |
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Dan_Gray
blue kung fu panda
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Posted: 8/10/2012 6:33:16 PM
Originally Posted By targettarget:
Originally Posted By Driver75:
Common sense. As your days grow short, get rid of it. However you can. Why pay estate tax? Worse yet get bled for everything for medical care? Meh I'm giving my grandkids gold / silver bars, and selling them all new cars for 1 dollar before I go. "Pay estate tax"? Do you know even know when the "estate tax" starts to take effect? It ain't $10,000.
Do you? |
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ar154all
Bikini State
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Posted: 8/10/2012 6:34:54 PM
[Last Edit: 8/10/2012 6:38:01 PM by ar154all]
Originally Posted By targettarget: Originally Posted By ar154all: Originally Posted By targettarget: Please, go on..... Your a troll. You have always been a troll. You will always be a troll. You know nothing of what you speak. You quite possibly are the stupidest person I know, and I have worked in a few prisons. Take a phone book for any mid to large size American city and open it to attorney. Find 'estate planning' or 'asset management' or similar. Walk into any bank branch and ask to speak to a retirement planner. If any of these people advise you in such a way that you have greater than 10K upon your natural death, find another adviser. If you however feel differently, I really dont give a fuck. So go find some other "America Sucks" article and try to toll with that, your done here. Get madder, bro. I love it when you get mad. Not mad, and damn sure not your brother. Within this context, your 'loving it' is the definition of troll. (this comment removed, prolly a COC vio)
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Paul
Self aware sack of star stuff
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Posted: 8/10/2012 6:39:06 PM
Nearly half of Americans make less than average wages ...
That's tragic and something that the democrats (and those other people who don't understand math) are fighting. |
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Dan_Gray
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Posted: 8/10/2012 6:39:36 PM
Originally Posted By Paul:
Nearly half of Americans make less than average wages ...
That's tragic and something that the democrats (and those other people who don't understand math) are fighting.  |
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Kstanton
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Posted: 8/10/2012 6:41:49 PM
[Last Edit: 8/10/2012 6:42:42 PM by Kstanton]
My grandfather was fairly well to-do, had a business, retirement, etc. But at 82, as many people do, he suffered various illnesses. His insurance dicked around with him, he lost most of his money and had to give away a lot of his possessions to move into an assisted living center.
The system is designed to squeeze every drop out of you until you die. |
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ar154all
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Posted: 8/10/2012 6:43:03 PM
Tentative taxThe tentative tax is based on the tentative tax base, which is the sum of the taxable estate and the "adjusted taxable gifts" (i.e., taxable gifts made after 1976). For decedents dying after December 31, 2009, the tentative tax will, with exceptions, be calculated by applying the following tax rates:
––Internal Revenue Code section 2001(c), as amended by section 302(a)(2) of the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (H.R. 4853), Pub. L. No. 111-312, ___ Stat. ___ (Dec. 17, 2010). The tentative tax is reduced by gift tax that would have been paid on the adjusted taxable gifts, based on the rates in effect on the date of death (which means that the reduction is not necessarily equal to the gift tax actually paid on those gifts). |
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nightstalker
In for a Penny, In for a Pound
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Posted: 8/10/2012 6:46:00 PM
Gave it away before the taxman showed up. It's fairly common to make GOV pay for care at he end of life and family divvy up what they can....at least on paper. Not saying family isn't involved with care.
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ar154all
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Posted: 8/10/2012 6:48:05 PM
Originally Posted By nightstalker: Gave it away before the taxman showed up. It's fairly common to make GOV pay for care at he end of life and family divvy up what they can....at least on paper. Not saying family isn't involved with care. At this point in life (end of life), your money is a 'game'. Those that know the rules 'win' and those that dont 'pay'. |
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basicAR
Nobody important
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Posted: 8/10/2012 6:48:53 PM
Troll, in all your wisdom, remind us again where the o-ring goes on a AR bolt.
 Posted Via AR15.Com Mobile |
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Mech2007
Often wrong, but never in doubt.
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Posted: 8/10/2012 6:48:59 PM
I thought the whole idea was to use your very last dollar to tip the grave digger. |
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RonnieJamesDioFan
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Posted: 8/10/2012 6:49:59 PM
Originally Posted By Overlord66:
Assisted Living facilities will suck every last dollar out of you in the end. Inheritance in America is dead.  Yep. Between paying for that nursing home because the kids don't want bothered with taking care of grandma, and all those drugs keeping grandpa alive that he's paing for out of pocket at the tune of hundreds per month, it goes fast. |
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mattimeo
The Really Great Satan.
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Posted: 8/10/2012 6:50:37 PM
Anything that I 'leave' my kids, they'll have well before I die. I'd like my last check to bounce. Assets will do me no good when I'm dead.
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Posted: 8/10/2012 6:53:39 PM
Originally Posted By jeep44:
Of course, this story makes no mention of how many people finagle their money (or their parents) so that they appear to be broke, and don't end up paying their own way at a nursing home. if setting up a living trust more than 5 years before the nursing home {the look back period} is finagling then yes we are a finagler. |
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ar154all
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Posted: 8/10/2012 7:10:26 PM
There is a town in Newfoundland, Canada called Dildo. How stupid is that?
http://www.mapquest.com/maps?city=Dildo&country=CA |
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mattimeo
The Really Great Satan.
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Posted: 8/10/2012 7:13:12 PM
Originally Posted By ar154all: There is a town in Newfoundland, Canada called Dildo. How stupid is that? http://www.mapquest.com/maps?city=Dildo&country=CA OP's hometown? |
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Posted: 8/10/2012 7:17:36 PM
Originally Posted By ar154all:
There is a town in Newfoundland, Canada called Dildo. How stupid is that? http://www.mapquest.com/maps?city=Dildo&country=CA How'd you find that? Looking for dildo's? |
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ar154all
Bikini State
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Posted: 8/10/2012 7:21:13 PM
[Last Edit: 8/10/2012 7:23:59 PM by ar154all]
Originally Posted By MALT0SE: Originally Posted By ar154all: There is a town in Newfoundland, Canada called Dildo. How stupid is that? http://www.mapquest.com/maps?city=Dildo&country=CA How'd you find that? Looking for dildo's? Google "Canada sucks'. A Canadian team hasen't won the Stanley Cup since 1993. Didn't hockey originate in Canada?
NHL Hockey Stanley Cup WinnersThe Stanley Cup is the top prize in Hockey. Just like the Super Bowl in Football and the World Series in Baseball.
Here is a list of the Stanley Cup Winners, who they beat and how many games the winners won and how many games the losers won. 1918-19 The 1919 Stanley Cup playoff between the Montreal Canadians and Seattle Metropolitans was concluded with the series tied at 2-2-1. It was stopped due to the influenza epidemic
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Fullpower
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Posted: 8/10/2012 7:22:07 PM
Many people give MOST of their money to BANKS, Insurors,Fast food vendors, and Automobile manufacturers.
Basicly piss away a lifetime of work. |
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MotorMouth
Highly evolved idiot
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Posted: 8/10/2012 7:24:08 PM
Originally Posted By ar154all:
Originally Posted By MALT0SE:
Originally Posted By ar154all:
There is a town in Newfoundland, Canada called Dildo. How stupid is that? http://www.mapquest.com/maps?city=Dildo&country=CA How'd you find that? Looking for dildo's? Google "Canada sucks'. Made hot |
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targettarget
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Posted: 8/10/2012 7:55:36 PM
Originally Posted By ar154all: Originally Posted By MALT0SE: Originally Posted By ar154all: There is a town in Newfoundland, Canada called Dildo. How stupid is that? http://www.mapquest.com/maps?city=Dildo&country=CA How'd you find that? Looking for dildo's? Google "Canada sucks'. A Canadian team hasen't won the Stanley Cup since 1993. Didn't hockey originate in Canada?
NHL Hockey Stanley Cup WinnersThe Stanley Cup is the top prize in Hockey. Just like the Super Bowl in Football and the World Series in Baseball.
Here is a list of the Stanley Cup Winners, who they beat and how many games the winners won and how many games the losers won. 1918-19 The 1919 Stanley Cup playoff between the Montreal Canadians and Seattle Metropolitans was concluded with the series tied at 2-2-1. It was stopped due to the influenza epidemic
Classy. Nice work staying on-topic, too. |
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ar154all
Bikini State
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Posted: 8/10/2012 8:00:28 PM
Whats good for the Goose is good for the Eagle; or something like that troll.
Again, the topic is trollish and this thread (as many of yours) has no merit of any type. |
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Posted: 8/10/2012 8:08:17 PM
Originally Posted By jeep44:
Of course, this story makes no mention of how many people finagle their money (or their parents) so that they appear to be broke, and don't end up paying their own way at a nursing home. And we have a winner!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Think about this scenario. Joe and John both retire from GE @ 67 with each 500,000 dollars. Joe is a conservative man and lives off just his interest and social security. He uses coupons and only goes to places with senior discounts. He falls I'll from dementia and now needs to go into an assisted living home. In 5 years he goes through his money and is now broke with the exception of his car, home and 2k in the bank. He then goes on the gov's dime and his heirs or favorite charity get nothing from his estate. John on the other hand likes to party. He buys a new corvette, goes to the casino, eats filet every night, smoked the best cigars and then has a stroke because of all this. He needs to go into an assisted living facility with his house and his car and 2k to his name because he spend all of him money on hookers and blow. That is why people end up doing those illegal or unethical things. Life isn't fair what's new. Plan ahead. |
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tc556guy
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Posted: 8/10/2012 8:13:27 PM
it hasnt been a secret that Americans have a lousy savings rate. Also the "you can't take it with you" mentality
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ar154all
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Posted: 8/10/2012 8:14:35 PM
Originally Posted By tc556guy: it hasnt been a secret that Americans have a lousy savings rate. Also the "you can't take it with you" mentality Yeah, but this works both ways..... |
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targettarget
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Posted: 8/10/2012 8:17:17 PM
Originally Posted By ar154all: Whats good for the Goose is good for the Eagle; or something like that troll. Again, the topic is trollish and this thread (as many of yours) has no merit of any type. What's good for the goose is good for the eagle?  ....Or something like that..... |
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Posted: 8/10/2012 8:40:34 PM
Meh. So they lived the good life, or are behind the curve. Aren't at least that many of Americans on some sort of .gov dole anyway?
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AJ_Engineer
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Posted: 8/10/2012 9:02:57 PM
I thought that was the goal?
To go out in a blur of hookers and blow?
Hey that rhymes... |
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Seansworth
musha rain dum a doo dum a da
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Posted: 8/10/2012 9:09:49 PM
Originally Posted By targettarget:
Originally Posted By Bartholomew_Roberts:
Maybe they got confused about greater than (>) and less than (<) signs and they ended up poor and destitute? (>) less than $10,000 (<) more than $10,000  |
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cosmos556
Someone completely forgettable
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Posted: 8/10/2012 9:10:30 PM
Estate taxes. Why keep it so feds can get it?
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The_Beer_Slayer
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Posted: 8/10/2012 9:14:46 PM
many times assets are moved to heirs prior to death, or turned over to medicare to provide for healthcare. i could easily see someone with a couple 100k in assets technically being broke at death.
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MiloBloom
Anyone except Obama
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Posted: 8/10/2012 9:18:59 PM
Originally Posted By targettarget:
Originally Posted By Bartholomew_Roberts:
Maybe they got confused about greater than (>) and less than (<) signs and they ended up poor and destitute? (>) less than $10,000 (<) more than $10,000 The great Canadian education experiment at work right there. |
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EFB16ACRX
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Posted: 8/10/2012 9:39:52 PM
Easy to game the system to avoid taxes.
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targettarget
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Posted: 8/10/2012 9:48:23 PM
Originally Posted By MiloBloom: Originally Posted By targettarget: Originally Posted By Bartholomew_Roberts: Maybe they got confused about greater than (>) and less than (<) signs and they ended up poor and destitute? (>) less than $10,000 (<) more than $10,000 The great Canadian education experiment at work right there. LULZ. $10,000 is a lot less than what you're supposed to have. 10,001+ > 10,000. |
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Posted: 8/10/2012 9:52:13 PM
[Last Edit: 8/10/2012 10:02:16 PM by Cdog]
I'm a real estate broker that specializes in probate in Socal. Most older gens have the majority of their wealth tied up on their real estate. Generally they are cash poor compared to the realestate value. If they have planned well the trust owns their former assets.
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Bubbles
Luv C3!
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Posted: 8/10/2012 9:58:18 PM
Originally Posted By elcope:
One friend who works at a BofA call center reports the 75% of all bank accounts have less than $1K. The majority of this country lives pay check to pay check or damn close to it. Or it just means that people who have money put it somewhere besides BoA. |
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Posted: 8/10/2012 10:00:41 PM
[Last Edit: 8/10/2012 10:04:33 PM by TheGunCollector]
I will leave my daughter better off than I was, and my my father was left by his parents.
It's the way we do it in Italy. ETA: And this: Originally Posted By efpeter:
Old people get sick. Sick people have medical bills.
The .gov teet kicks in when you are out of your own money, so anyone with half a brain gets rid of all of their assets before they get sick. People have no assets when they die because that is the way the Legislative branch of the United States of America has structured it. Not having money when you die doesn't mean you are destitute, it means you are not retarded. |
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Silver_Surfer
I4NI
Team Member
Joined: Mar 2001 HI, USA
Posts: 18879 Feedback: 100% (2) Link To This Post |
Posted: 8/10/2012 10:02:35 PM
[Last Edit: 8/10/2012 10:27:19 PM by Silver_Surfer]
I'm worth more dead. My family will have a house with no worries and then some.
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Posted: 8/10/2012 10:04:49 PM
I hope to go out the same way. That way my kids get the money and the goverment gets jack. Sadly the rest of my family will probably go that way without hiding it.
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Bohr_Adam
Caliphate Sleeper Agent
Life Member
Joined: Feb 2001 VA, USA
Posts: 54697 Feedback: 0% (0) Link To This Post |
Posted: 8/10/2012 10:08:18 PM
I would submit that if you die with more than 10K in assets, you did it wrong.
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Posted: 8/10/2012 10:11:38 PM
Means they failed at math and had up $10K more tp spend on hookers & blow.
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