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Originally Posted by KC911
^^^ perfect...exactly what I desire. What's a reasonable time frame? How can I phrase this when I talk to my atty again? Thank you so much...this place rocks  .
Did you use CAudioRepair....for your 1.0t repair/mod?
edited:...I did not read...a generation...perfect! |
Yes. Its gone now, replaced by a tfm25 that's over at Rodger Pinto's here in cville for a recap.
Lingo? Trusts come in two flavors, testamentary (established by your will) and living (funded by you while alive). It used to be that living trusts were an estate planning tool, but with the increase in the fed estate tax exclusion they've become less popular. They can to some extent protect against other creditors of a living person.
In either case you'll want a "spendthrift clause" that prevents creditors of the trust's beneficiaries from attacking the trust's undistributed principal. Very useful in the USA where a medical emergency can create onerous debt even in the case of a responsible person.
Shop carefully if looking for a "institutional fiduciary"- ie a bank or brokerage that will manage the assets. All charge something for this, and the fee should include tax prep etc. Not to shill anyone, but Vanguard has very low fees for this. The caveat there is that they invest primarily in indexes-they do diversify but do not attempt to beat the overall market.
PM me for a phone number if you want to chat. Usual caveats apply.