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Link Posted: 7/29/2021 4:43:04 PM EDT
[#1]
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Quoted:

Is my memory fuzzy or did op have a post before about blowing a ton of cash and not saving for retirement, and after the response you could see coming from the moon, then asked the post to be locked?

Then bought a vw bug and a used BMW shortly after?
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That is NOT the OP, and I know who you are talking about.  Lots of CC charges for parts, a long build thread, then everything got deleted.

Ends in -ART.
Link Posted: 7/29/2021 4:47:08 PM EDT
[#2]
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Quoted:
Fuck buying a hitman, just give your worst enemy a large lump of cash, they'll take care of the rest.
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Years ago I read a story about a guy that did just that. He gave some addict something like $5K and two days later he was dead from an overdose.

Link Posted: 7/29/2021 4:48:31 PM EDT
[#3]
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Quoted:
How do you select a trustee that won't rip you off?

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By how the trust is written !..banks and law firms if you don’t have someone to trust with it.
Unless there is several million involved it is generally not worth it to pay for someone else to do it.

BTW..most states take it quite seriously when the terms of a trust or estate are violated and will actively go after a wayward trustee.

I worked for someone with a several hundred million $ trust left by his Father.
He could not buy anything over about $50k without permission from the attorneys.
No access to large funds without approval.
Because he was a substance abusing mess and his father had an iron clad trust set up so he could not get access to it all on a drug infused bender. Oh yeah..he was 60 yo.

The size does not matter. How the terms of the trust are drawn up do !
Who, when, how much, how often, etc..nearly anything you can think of can be included in those terms.

Watching the nonsense unfold with friends over a $20m estate that did not have the trust set up before hand.
Cluster fuck.

Op point is valid.
Link Posted: 7/29/2021 4:49:12 PM EDT
[#4]
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Quoted:


That is NOT the OP, and I know who you are talking about.  Lots of CC charges for parts, a long build thread, then everything got deleted.

Ends in -ART.
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Ah that's right. Was going to say good for you to go from that to this.
Link Posted: 7/29/2021 4:55:12 PM EDT
[#5]
1)  Set-up a trust, with a trustee.  Tell all your beneficiaries that there will be nothing left by the time you die (lie to them).
2)  Sit down and record yourself telling everyone what they are getting and why (the latter, if you choose).  Also explain your wishes.
3)  If your family doesn't include any greedy shits, sit them down and explain everything, including your wishes, to everyone before you pass away.
Link Posted: 7/29/2021 4:57:50 PM EDT
[#6]
My grandpa set up a trust for my sister and I before he passed. I couldn't touch it til I turned 35.
Link Posted: 7/29/2021 5:18:15 PM EDT
[#7]
I’m kind of up in the air on this one.

My grandfather left a substantial amount of money and his farm in trust to be managed by my uncle and father until ultimately to be split amongst 6 of us.

My uncle fucked me and my sisters as well as his own daughter by purposely mismanaging the trust to his and eventually my 2 cousins benefit. I was screwed out of approximately $200K by my own uncle.

It sucks but also would have been nice to have the money I did eventually end up with sooner. It was simply being held “in trust” while I was going to school and working 2 jobs to put myself through at the age of 25 and 6 years in the Army. I think I was responsible enough at that point in my life.

Or when I was just getting started out.

I ended up with a small percentage of it later after my uncle stole much of it. And while it was appreciated it could have made a mugs larger impact earlier on.

I might have blown it on stupid shit but maybe not and at least it would have gone to who my grandparents intended.

My advice is if it’s cash place it in a “payable upon death” account. You still have use of it right up until you die. They can’t use it but as soon as you die it goes to them. No limitations, probate, greedy relatives etc involved.
Link Posted: 7/29/2021 5:35:52 PM EDT
[#8]
“Please for the love of boudin…”

This was all I needed to hear to know that you were a righteous man.
Link Posted: 7/29/2021 5:49:44 PM EDT
[#9]
Just make sure you revisit your will/trust occasionally as situations change over time.
My dad set up a trust when my kids were small. I now am the trustee and beneficiary of the trust. In the years after my divorce my ex was able to estrange the kids from myself and my parents.
My dad died suddenly and my mother became the trustee. My mother was able to dissolve her half of the trust and leave it directly to me when she passed. The only thing in the trust that links my children to the trust is "per stirpes" so my lawyer tells me that they could force an accounting of the trust.
It's a thorn in my side.
I'm 60 and retired and have no intention of squandering any money but my kids deserve no inheritance from my side of the family.
Link Posted: 7/29/2021 6:15:43 PM EDT
[#10]
So my cousin in his 40s NO NFA for him?
Link Posted: 7/29/2021 6:17:12 PM EDT
[#11]
I'm rather my heirs blow it all on hookers and blow than let some "professional trustee" suck the trust dry with fees, expenses, kickbacks from their favorite scammy annuities and insurance products or just outright embezzle it.    

You'd have to have well into 8 figures to be able to afford a competent trustee rather than some hack at Ameriprise or Edward Jones who is a "professional" since he attended a week-long seminar and is living paycheck to paycheck because he is so bad with his own finances.
Link Posted: 7/29/2021 6:19:09 PM EDT
[#12]
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Quoted:


This. Benevolent tyrants unite!

Either leave it to them or don’t. What will I really care when I’m dead whether my nephew spent that $ on college, a new car or hookers and blow when my body is worm food when he’s doing it?

If I know there’s a propensity to spend it on hookers and blow and that offends me, just leave it to a charity  instead.

Few things worse than dead people trying to micromanage how the living live. It’s just a veiled attempt at immortality via a misguided focus on legacy.
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This is kind of thinking is why Scotland is still a subject of the crown.
Link Posted: 7/29/2021 6:24:12 PM EDT
[#13]
Link Posted: 7/29/2021 6:42:32 PM EDT
[#14]
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You think that shits funny?    I had three of those I had to clear out.
Link Posted: 7/29/2021 6:59:19 PM EDT
[#15]
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Quoted:


You think that shits funny?    I had three of those I had to clear out.
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You think that shits funny?    I had three of those I had to clear out.



That ain't no shit.

I CRINGE at the thought of getting stuck cleaning out a certain relative's place.

I think I'll just get a dumpster or 8 and hire a bunch of day workers and shit can ALL of it. Every last bit. Ming vase? Can it. 1804 silver dollar? Toss it.

Nothing in that house is worth digging through no matter HOW valuable. The aggravation is far too great. Just throw everything into the dumpster.
Link Posted: 7/29/2021 8:21:46 PM EDT
[#16]
For lots of people, "found money" does not work out well for them.  I am in banking and see peoples' accounts sometimes.

Once saw someone that was in a low-income job receive a couple hundred thousand for inheritance.  As soon as the check cleared, the spree was on.  In three months, the person had spent nearly all the money, like $200k on food, buying stuff for friends, cars, yes cars.  It was nuts, then had nothing left.  Nothing put in for retirement or emergency.

Saw another where a couple won several million in a lottery, houses, cars, gifts for people, lavish lifestyle, half was gone in a year, doubt the rest last much longer after.
Link Posted: 7/29/2021 9:01:24 PM EDT
[#17]
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Quoted:
Eh i inherited large sum of money about 10 years ago when i was a young Lance Corporal and i still have a large chunk of it.  I didnt waste a penny of it even though i had every opportunity.  My uncle on the other hand who was in his 50s got the same amount and went on a week long bender which killed him.
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I hear ya, my mom died 3 years ago and left me a sizeable estate. I tell people that coming into a lot of money doesn't change people, it merely reveals their true character. Since my parents had raised me from an early age to be financially disciplined and not spend like a drunken sailor, I kept the IRA mom left me invested under the management of the wealth manager my parents trusted it to and live a debt free life with a fully funded retirement.
Link Posted: 7/29/2021 9:13:02 PM EDT
[#18]
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Quoted:


Years ago I read a story about a guy that did just that. He gave some addict something like $5K and two days later he was dead from an overdose.

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Quoted:
Quoted:
Fuck buying a hitman, just give your worst enemy a large lump of cash, they'll take care of the rest.


Years ago I read a story about a guy that did just that. He gave some addict something like $5K and two days later he was dead from an overdose.


I had someone in my life I was contemplating that route for.  Thankfully, natural course occurred, he wound up punching a police officer while committing another felony and met his end by OD in prison.
Link Posted: 7/29/2021 9:17:09 PM EDT
[#19]
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Quoted:

12 years of watching people waste money on stupid shit
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Don’t you mean 10? You’ve only been a member here since 2011.

This is Arfcom, wasting money or stupid shit is what we do best.
Link Posted: 7/29/2021 9:18:50 PM EDT
[#20]
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I've been asking my parents to set up a trust for about 7 years, primarily in prep for the eventual nursing home and to simplify the transition / tax implications.  But my experiences is probably going to be like quoted the cartoon.
Link Posted: 7/29/2021 9:25:37 PM EDT
[#21]
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Quoted:
I'm doing my best to blow through all my money...no kids. I'm not doing a very good job though.
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I can be there in a few hours. give me a shout.
Link Posted: 7/29/2021 9:30:38 PM EDT
[#22]
I have an elderly client with no living family. They are leaving $800k to their vet to take care of the dog for the rest of it's life. I'm considering veterinary school.....
Link Posted: 7/29/2021 9:35:09 PM EDT
[#23]
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Quoted:


That line of thinking is actually more harmful to your heirs than giving them nothing.
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Quoted:
Quoted:
I'll be gone.  It's theirs to do with as they wish.  

YMMV



That line of thinking is actually more harmful to your heirs than giving them nothing.
If they can't keep it, they don't deserve it.
Link Posted: 7/29/2021 9:39:31 PM EDT
[#24]
One draft from our estate planner required an engineering bachelor's, or the rank of E5 or O3 in the armed forces for 50% and turn 30 for the remainder.

My wife shot it down as incredibly cold hearted.
Now it's 30% when they get their bachelor's, and the remainder when they turn 30.

Kharn
Link Posted: 7/29/2021 9:40:18 PM EDT
[#25]
And don’t leave a lawyer in charge of your will
Link Posted: 7/29/2021 9:43:13 PM EDT
[#26]
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Close friend just retired as a WC attorney after 40 years in the business.  Oh man, the stories he has told me.  One client got a huge settlement, took the check to the bank and opened an account only to cash it all out.  Took them a few days to get the cash on hand.  Something like $75K.  
Client went and bought a gun safe and put it in his mobile home. Cash came, he filled the safe with cash and proceeded to show it off to all of his "friends".  He came home one evening and there was a hole sawzall'd the size of the safe on the wall where the safe use to sit.  Tire tracks where a pickup had backed up to the trailer and they simply pushed the safe out the hole and into the truck bed.  

He had another client that was offered an annuity settlement for (arbitrary numbers) $150K total over 10 years or $70K cash now.  Friend advised him to take the Annuity and if he wanted cash now, he could sell it to JG Wentworth for $125K and have his cash in 30 days.  Nope. He wanted cash now.  Took the $75K.  Friend asked him, would you take a job that pays you $50K for 30 days work?  This is what you are throwing away.  You just cannot fix stupid. These morons got hurt on the job probably because they were stupid and they never learn...
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Quoted:



That reminds me of a client of mine that instead of using his inheritance for somthing useful he spent about $75,000 turning a $2500 240sx into a $5000 240sx


Close friend just retired as a WC attorney after 40 years in the business.  Oh man, the stories he has told me.  One client got a huge settlement, took the check to the bank and opened an account only to cash it all out.  Took them a few days to get the cash on hand.  Something like $75K.  
Client went and bought a gun safe and put it in his mobile home. Cash came, he filled the safe with cash and proceeded to show it off to all of his "friends".  He came home one evening and there was a hole sawzall'd the size of the safe on the wall where the safe use to sit.  Tire tracks where a pickup had backed up to the trailer and they simply pushed the safe out the hole and into the truck bed.  

He had another client that was offered an annuity settlement for (arbitrary numbers) $150K total over 10 years or $70K cash now.  Friend advised him to take the Annuity and if he wanted cash now, he could sell it to JG Wentworth for $125K and have his cash in 30 days.  Nope. He wanted cash now.  Took the $75K.  Friend asked him, would you take a job that pays you $50K for 30 days work?  This is what you are throwing away.  You just cannot fix stupid. These morons got hurt on the job probably because they were stupid and they never learn...

JG Wentworth pays that much?  I thought they would pay $50k in that scenario.

Kharn
Link Posted: 7/29/2021 9:44:40 PM EDT
[#27]
Disagree, most adults will blow it too
Link Posted: 7/29/2021 9:51:16 PM EDT
[#28]
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Quoted:

Laughs in grave robbers/archaeologists
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Quoted:
I plan on being buried with all my stuff. No one can have it.

Laughs in grave robbers/archaeologists

I should leave those guys something interesting.
A rifle, a bottle of booze, a tale of my life, and some quality pornography in vacuum packaging.

Kharn
Link Posted: 7/29/2021 9:53:25 PM EDT
[#29]
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Quoted:


I had $18,000 from when a DD hit me in HS and I had about $7500 in other assets.

$9000 to parents for CC debt

$11,000 for college and a Honda CBR 600, sold the honda for what I paid for it and used the proceeds for more college

$5000 down on a $58,000 house, sold it for $90,000 after putting $10,000 into it

$2500 for an engagement ring that ended up costing me over $1,000,000 over the course of the 13 years later
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I enjoy your threads.  Still trying to figure you out.  Cajun financial guy that likes boats, hangs his own garage door, drives old broken down shit.  

Trying to figure out why we should take financial advice from you?

No judgment, just confused.  

Link Posted: 7/29/2021 9:58:20 PM EDT
[#30]
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Quoted:
Haven't had time to read through the entire thread, so this question may already answered.

Can I put my 401K (currently working) in a trust?
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@Dacula
No.  It should have a designated beneficiary.
Link Posted: 7/30/2021 12:13:47 AM EDT
[#31]
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Quoted:


I enjoy your threads.  Still trying to figure you out.  Cajun financial guy that likes boats, hangs his own garage door, drives old broken down shit.  

Trying to figure out why we should take financial advice from you?

No judgment, just confused.  

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The voice. How much more do you need?

Link Posted: 7/30/2021 12:23:03 AM EDT
[#32]
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Quoted:

Laughs in grave robbers/archaeologists
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Which is why you must invest in traps, and naturally kill the designer/builders.
Link Posted: 7/30/2021 12:44:31 AM EDT
[#33]
I recently changed mine so it doesn't go to a trust for my two sons. Both are under 25. They both have over 50K saved. Money they earned on their own.

They also have savings accounts with money from gifts from birthdays ect. Wife and I need to remove our names from that too.

Niether one has drawn more than 200 or 300 bucks out of it when it was started as a baby.

If they wanted to buy something with thier money they had to wait a week after they said they wanted to buy something. They also had to sit down and do math. How much did they have. What was the total cost including tax. What would they have left. Then after a week was it still worth it. Most almost always it was no.

One other thing is we set a seperate account for money they could use without permission or rather asking. We set a limit of 100 bucks and raised it to 500 over the years. Seems to have worked. If they really wanted something they could save and get it. No inastant gratification of getting something just because they can.
Link Posted: 7/30/2021 1:31:17 AM EDT
[#34]
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Quoted:
I'm rather my heirs blow it all on hookers and blow than let some "professional trustee" suck the trust dry with fees, expenses, kickbacks from their favorite scammy annuities and insurance products or just outright embezzle it.    

You'd have to have well into 8 figures to be able to afford a competent trustee rather than some hack at Ameriprise or Edward Jones who is a "professional" since he attended a week-long seminar and is living paycheck to paycheck because he is so bad with his own finances.
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Attachment Attached File
Link Posted: 7/30/2021 8:30:40 AM EDT
[#35]
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Quoted:



That ain't no shit.

I CRINGE at the thought of getting stuck cleaning out a certain relative's place.

I think I'll just get a dumpster or 8 and hire a bunch of day workers and shit can ALL of it. Every last bit. Ming vase? Can it. 1804 silver dollar? Toss it.

Nothing in that house is worth digging through no matter HOW valuable. The aggravation is far too great. Just throw everything into the dumpster.
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Quoted:



That ain't no shit.

I CRINGE at the thought of getting stuck cleaning out a certain relative's place.

I think I'll just get a dumpster or 8 and hire a bunch of day workers and shit can ALL of it. Every last bit. Ming vase? Can it. 1804 silver dollar? Toss it.

Nothing in that house is worth digging through no matter HOW valuable. The aggravation is far too great. Just throw everything into the dumpster.




Since I am the executor of the will, I had to go through everything.  And my attorney told me with my brothers past history I needed to call an appraiser, have everything appraised so we could divide up everything evenly.  I walked out of his first office visit in total shock and awe.  The labor cost on that alone was more than the value of the rooms full of QVC/HSN shit and the very few "valuables" to be had.  

I thought about it a week or so and came up with a plan after talking with a close friend that is also an attorney, but not an estate attorney.  I called my estate attorney up and told him my plan. Called my brother and told him he has right of first refusal of everything in the estate.  Come get what you want and what you think you might be able to "donate" or get rid of.  I don't give a shit. Take it all if you want.   Worked out perfectly. He came with a U Haul trailer, grabbed a bunch of shit, dug through everything and actually called me back and asked me to save a few things.   The rest went away to Goodwill, consignment shop, yard sale or the dumpster.  

It was very depressing knowing what Mom spent on all this shit and for it to only bring about $1200 or less after all the money she spent while using the excuse that she was "buying it for us to enjoy after she is gone."  At least she didn't blow it all, and what was left in the Trust was divided as per her will and I used my part for the lake house I posted above.  I could have used the cash to retire early, but we needed to get the hell out of our home of 25 years since our area is slowly turning rich and vibrant and it is only a matter of time before the neighborhood country club folds up and causes home values to crash. Still waiting to settle her estate, but that is so low, we each might walk away with anther $25K.  


Quoted:

JG Wentworth pays that much?  I thought they would pay $50k in that scenario.

Kharn


Arbitrary numbers, but I do remember that the JG Wentworth number was much higher than the cash payout. And it was something like $40K- $50K.
Link Posted: 7/30/2021 8:36:30 AM EDT
[#36]
Not that I have a estate / huge wealth or anything, but My woman gets everything, home, truck, boat etc, and Iv got insurance to pay off the house, and insurance money for her as well. kids have no emotional attachment to any of it. It’s her reward for sticking by me, we will be married in 6 months.  The kids / grandkids get a ammo fort, guns, and some insurance cash, ( and maybe special items if there’s a emotional attachment down the road ) .

My Brother is executor in charge of dividing up the gun stuff, and gets his pic of gun for doing it, ( which he refused ) he’s on my trust, and I’ll have everything listed on my trust.  He’s doing it so my woman won’t have to deal with the drama of it, plus he’s more knowledgeable about gun stuff anyway. Everyone assembles, and each kid / grandkid starting with oldest gets to pick a rifle and pistol, then next, then next, etc. until it’s all handed out, with mags / ammo divided equally.

Right now Iv got a hand written will, but I’ll get a real lawyer created one soon. If I’m bed ridden / sick / terminal or just too old and feeble to use that stuff anymore,, I’ll hand it out myself, I won’t wait until after I’m dead to dole it out, that earlier stuff is for sudden death where I can’t,
Link Posted: 7/30/2021 8:43:20 AM EDT
[#37]
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Quoted:
I plan on being buried with all my stuff. No one can have it.
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So the undertaker can write a check, put it in your casket, and take the stuff?
Link Posted: 7/30/2021 8:45:53 AM EDT
[#38]
While I never received a huge sum of money I'm pretty sure if I ever did I would be responsible with it. Whenever I get something extra, such as working OT, I save the majority of it.

If I were to receive $1 million dollars right now, after any taxes, I would make sure to set things up so that I could live modestly the rest of my life and not have to work. Now I may still may work in some way but it would be by choice. It helps that I currently have almost zero debt and some healthy savings already.
Link Posted: 7/30/2021 8:48:19 AM EDT
[#39]
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please tell me where I asked the  nanny state to step in?

These are private entities making sure your heirs aren't retarded with money

This is how it works.

Trust Benficiary: Hey man I need $50,000

Trustee: ok cool, for what?

Trust Bennie; I want to invest my money into EMUs

Trustee: no, go to work

Trust bennie: yeah but my friends...

Trustee: *click*
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How much does the trustee make?
No thanks. I try to leave everything better than I found it.
Link Posted: 7/30/2021 8:50:26 AM EDT
[#40]
I have a friend who is the caretaker for his 58 year old junky sister. She inherited about $450,000 but he controls it and hates doing it.
Link Posted: 7/30/2021 8:52:53 AM EDT
[#41]
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Truth.
When I turned 25, I got a settlement payout from an accident that crippled my mom when I was 3. Being a young dumb E5, I promptly blew through $50,000. I bought a restored 1965 GTO, and a shitload of airsoft and model kits. This was back in 2000.
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Imagine if you had purchased bitcoin... #NotABillionaire
Link Posted: 7/30/2021 8:54:54 AM EDT
[#42]
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Quoted:


That line of thinking is actually more harmful to your heirs than giving them nothing.
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Quoted:
I'll be gone.  It's theirs to do with as they wish.  

YMMV



That line of thinking is actually more harmful to your heirs than giving them nothing.
They were either taught to be responsible or they were not.
Don't worry about them from the grave.
They will be fine or they would already be gone - they outlived you didn't they?


Link Posted: 7/30/2021 9:01:59 AM EDT
[#43]
A Legacy Trust is what you seek.

The government will rape your estate far more thoroughly than anyone's kids could.
Link Posted: 7/30/2021 9:21:52 AM EDT
[#44]
FWIW, my brothers wife inherited a huge sum of cash from her family's estate.  But her mother put in her will the following: "As long as XXXX is married to that man she is married to currently, her total estate will be controlled by her brother XXXXX to keep her interests safe."   I heard this through Mom before she got really sick and lost her mind since I was no longer talking to my brother after he went through about $45K of her money and tried taking the entire estate for himself.
Link Posted: 7/30/2021 9:42:03 AM EDT
[#45]
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You didn’t.

I’m assuming you are against the nanny state…since you’re a regular on arf.com.

What I’m doing is highlighting what I think may be some inconsistency in philosophy between your views on freedom.

If it’s OK for you to dictate to others what they do with their money, why isn’t it OK for the .gov to do so? Or vice versa.

While you’re alive, it’s your $ to do with as you like. When you die, it isn’t your $ anymore. Give it to whom you want. But when you give it, it then should be that recipients $ to do with what they like with it.
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Quoted:


please tell me where I asked the  nanny state to step in?

These are private entities making sure your heirs aren't retarded with money

This is how it works.

Trust Benficiary: Hey man I need $50,000

Trustee: ok cool, for what?

Trust Bennie; I want to invest my money into EMUs

Trustee: no, go to work

Trust bennie: yeah but my friends...

Trustee: *click*


You didn’t.

I’m assuming you are against the nanny state…since you’re a regular on arf.com.

What I’m doing is highlighting what I think may be some inconsistency in philosophy between your views on freedom.

If it’s OK for you to dictate to others what they do with their money, why isn’t it OK for the .gov to do so? Or vice versa.

While you’re alive, it’s your $ to do with as you like. When you die, it isn’t your $ anymore. Give it to whom you want. But when you give it, it then should be that recipients $ to do with what they like with it.


I am not following your logic

People donate land to land trust all the time for the public to enjoy and they put a lot of stipulations on the land. Like for example, no selling the dirt, etc.

Link Posted: 7/30/2021 9:43:47 AM EDT
[#46]
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I wonder how many people in here actually know what boudin is?
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Please for the love of boudin, if you plan on leaving money to anyone who isn't a grown ass adult, like in their 50s, make sure than money goes into a trust account that is managed by a professional trustee.

The money will be gone ASAP and wasted.

Thanks for attending my TedX talk
I wonder how many people in here actually know what boudin is?


hot boudin, cold coush coush, come on Tigers...PUSH PUSH PUSH!
Link Posted: 7/30/2021 9:44:35 AM EDT
[#47]
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Can you elucidate on this please?  My 91yo dad has a bunch of silver stashed away that I will inherit one day.
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I sure AF hope you plan on listing that as part of your estate. If not, you are opening up a can of worms.


Can you elucidate on this please?  My 91yo dad has a bunch of silver stashed away that I will inherit one day.


well if it's not spelled out in a will who get's it, the heirs can sue the estate
Link Posted: 7/30/2021 9:45:48 AM EDT
[#48]
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Haven't had time to read through the entire thread, so this question may already answered.

Can I put my 401K (currently working) in a trust?
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no, but you can have a trust as a beneficiary.
Link Posted: 7/30/2021 9:47:22 AM EDT
[#49]
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Don’t you mean 10? You’ve only been a member here since 2011.

This is Arfcom, wasting money or stupid shit is what we do best.
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12 years of watching people waste money on stupid shit


Don’t you mean 10? You’ve only been a member here since 2011.

This is Arfcom, wasting money or stupid shit is what we do best.


lol
Link Posted: 7/30/2021 9:49:08 AM EDT
[#50]
E5 is not just a pay grade, it’s a lifestyle.

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Truth.
When I turned 25, I got a settlement payout from an accident that crippled my mom when I was 3. Being a young dumb E5, I promptly blew through $50,000. I bought a restored 1965 GTO, and a shitload of airsoft and model kits. This was back in 2000.
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