Estate Planning for the Babies

  • conservativej...

    Posts: 2465

    Apr 05, 2013 7:25 PM GMT
    Now that fatherhood has officially overwhelmed me, I must rethink estate planning. Estate planning in the US is rather different than many parts of the world. What are you guys planning to do to be able to pass assets to children less the huge impact of the death tax?

    Serious replies and the usual nonsense replies are welcome.
  • Posted by a hidden member.
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    Apr 05, 2013 7:50 PM GMT
    Drunk_Babies_.jpg
    Drunk babies say have a trust. A trust tells everyone where your assets will be distibuted when you croak, it also allows you to reduce your estate taxes and allows you to disribute your wealth quickly to your kids without the cost and hassles of probate court that will administer your will. Now excuse drunk babies as they get another Corona before giving you the finger.

  • conservativej...

    Posts: 2465

    Apr 05, 2013 9:25 PM GMT
    FranciscoC saidDrunk_Babies_.jpg
    Drunk babies say have a trust. A trust tells everyone where your assets will be distibuted when you croak, it also allows you to reduce your estate taxes and allows you to disribute your wealth quickly to your kids without the cost and hassles of probate court that will administer your will. Now excuse drunk babies as they get another Corona before giving you the finger.



    Cute babies by the way.
  • Webster666

    Posts: 9217

    Apr 05, 2013 9:38 PM GMT
    Put all your assets into a trust, and there will be no "death tax."

    Many people have the misconception that having a trust allows you to avoid Probate Court.

    ALL estates go through Probate Court.

  • Posted by a hidden member.
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    Apr 05, 2013 10:03 PM GMT
    I have a Will drawn up by a lawyer that divides my estate between my two children and provides as well for my partner There is a list of specific bequests. of heirloom items(mostly related to family history, that have family value but no commercial value, like military medals, etc) Everything I have otherwse my executor and trustee(s) will convert to cash and divide according to the Will.


    We do not have estate taxes to pay the government.




  • Posted by a hidden member.
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    Apr 05, 2013 10:07 PM GMT
    Junk topic for attention; he lives in Switzerland any kids he might have are Swiss.

  • Posted by a hidden member.
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    Apr 05, 2013 10:45 PM GMT
    yourname2000 said
    meninlove said Junk topic for attention; he lives in Switzerland any kids he might have are Swiss.

    Not to mention he's mid-50s and supposedly gay.

    Yet another troll thread from RJ's dullest troll. icon_rolleyes.gif


    ...and possibly the most delusional!
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    Apr 06, 2013 12:06 AM GMT
    TigerTim said
    yourname2000 said
    meninlove said Junk topic for attention; he lives in Switzerland any kids he might have are Swiss.

    Not to mention he's mid-50s and supposedly gay.

    Yet another troll thread from RJ's dullest troll. icon_rolleyes.gif


    ...and possibly the most delusional!


    It's interesting that he has to think of ways to let his children inherit when, supposedly having double digits of millions of dollars, he should have a few bucks to hire estate planners/accountants to figure it out.
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    Apr 06, 2013 2:47 AM GMT
    Webster666 saidPut all your assets into a trust, and there will be no "death tax."

    Many people have the misconception that having a trust allows you to avoid Probate Court.

    ALL estates go through Probate Court.



    Aside from the OP who hoodwinked drunk babies, no, not in the state of California and that includes property.