Retirement Targets
- Thread starter yowza
- Start date
We set up a trust last year, went in to update our wills, and the lawyer we worked with said that by having everything in a trust, it will be cheaper once we are gone for our kids to move everything over to them quicker and cheaper. I think it was less than 2 grand to set up.
Currently my 4 year old has worked his way back into an inheritance situation
The 2 year old is still out in the cold until he gets his goddam attitude in line
Hopefully someone did but it wasn't me, I was mainly kidding. Down big premarket today, not sure if that means the rides over or not. Only Keith Gill knows at this point.
It's so hard not to jump on the NVDA assent. What an amazing story
Will see what his youtube deal is today. I see GME is planning to issue more shares than what they stated previously.
It can be a roller coaster, but you have to think it will provide market beating returns over 5 or 10 years. They are clearly the leaders. As long as Jensen is there I am in.
I sold about 90% of my shares last October--November. Owned for just short of two years. Pigs get slaughtered and I have been slaughtered before.... wait for a rebound? buy at a lower price? Coulda shoulda woulda........ oh well.
Yep. Quicker and cleaner. We have ours set up so there can't be any fights among the siblings. Seen too many times where one kid is in charge of all the probate/estate stuff and they take forever or it just devolves into arguments and fighting.
Shouldn't say no fights, cause if more than one wants my heavily used shoes that I use to mow, well then they can arm wrestle for them.
I've seen back to back family inheritance situations with a trust.
They've both been an absolute train wreck. Relationships destroyed even with the best of intentions.
So, everyone, don't die.
Maybe, but it is the way you set it up. They can still fight, but the trustee has the hammer. We aren't having any of the kids be the trustee.
I think too many name one of the kids or multiple kids as being in charge of the estate and then **** happens and they fight over stuff and it drags out.
I'd say that's a good start on the trustee. The second of these issues actually had a little gun play. Don't know how that part of the family will ever make amends.
What seems straightforward and settled often isn't. "Experts" come out of the woodwork. Accusations are made. Threats. Guns pulled.
Both situations had a trust. Both were set up to make it easy. Mo money, mo problems
Yeah a trust is no different if you don't have someone impartial and without as much vested interest as the trustee. Families can change and individuals can change over time. We haven't seen anything as extreme as guns pulled, but verbal fights and conflict dragging stuff out.
Something like 90% of the time, when people pass on HUGE amounts of money, it's gone by the 3rd generation.
I hope that what Im teaching my kids will get passed down. I guess its up to them to make good choices with what they get and what they teach.
There we go. Heard it on a pod somewhere but didn’t have it bookmarked or anything.
Just don’t really have any desire to leave some inheritance.
