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Estate planning  email this discussion to a friend?

myLot reputation of 96/100. dawnald (24272)   ranked 208 out of 32,957 in life 4 years ago

Do you have your estate all planned out, will or trust written? Or still haven't done it?
And if you have children, are you going to divide things equally, do things differently based on need or different interests or on how much they have helped you?
Any special bequests to people outside the family or charities? Or leaving anybody out because they've offended you?
If you have minor children, do you know who you want them to be with?
Or are you just leaving it and not worrying and figuring it will all work out after you are gone?

 

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ladygator (2180) response was accepted on 9/24/2008.
denotes best response, click it to go to the best response.
tags:  bequest, estate planning, trust, will
 
1. myLot reputation of 87/100. ladygator (2180)   ranked 7,739 out of 32,957 in life   4 years ago

Good Question. I am sorry to say that I dont have much of anything to really give to my children. All the more reason that I need to live until I am 103 and be active and with it all those years. I am not a bump on the log, I am actively raising 4 children and being a supportive wife. I am hoping that my children will gain enough from me to have their own estates. Now the dilema on where my children would go in the event of my passing, I really dont know. I have all of them that would need to be together and I am not sure of who could "really" handle all that comes with them. Thus more pros on living until I am 103.


myLot reputation of 96/100. dawnald (24272)   ranked 208 out of 32,957 in life  4 years ago

Go for it. I plan to live until at least 103 myself!

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2. myLot reputation of 75/100. Scotlandthebrave (1267)   4 years ago

Nobody except the Childrens Hospice and the Parrot sanctuary are getting a penny
I have a link for you somewhere
Just wait till you see it
You will laugh,lol


myLot reputation of 96/100. dawnald (24272)   ranked 208 out of 32,957 in life  4 years ago

Children's hospice I get.
Parrot sanctuary?


myLot reputation of 75/100. Scotlandthebrave (1267)  4 years ago

Well
Buddy and Baby will most likely out live us both by decades
They must be catered for when we are no longer able to manage them
I have already given the matter a lot of thought
The Parrot Sanctuary will receive half my estate when I die
The Hospice,the other half


myLot reputation of 96/100. dawnald (24272)   ranked 208 out of 32,957 in life  4 years ago

Ah, got it!

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3. myLot reputation of 82/100. painkiller77 (1294)   ranked 1,863 out of 32,957 in life   4 years ago

nay, not yet. i am into just a couple of months of months away from my job. still a student. so, too premature a thing for me to do. i have thought that the best time to do this when you are 45-50. you can nearly guess how much your wealth will be, UNLESS YOU WIN A BIGGGGGGGGGG LOTTERY!! so, by that time, you are settled and can have your will written.. bye and take care..


myLot reputation of 96/100. dawnald (24272)   ranked 208 out of 32,957 in life  4 years ago

If you're younger and you have children it's a good idea too!


myLot reputation of 82/100. painkiller77 (1294)   ranked 1,863 out of 32,957 in life  4 years ago

thanks a lot for those encouraging words..


myLot reputation of 96/100. dawnald (24272)   ranked 208 out of 32,957 in life  4 years ago

:-)
Well after all, if you had young children, and you had a relative you absolutely did NOT want them to end up with, you'd want to have it in writing to guarantee it!


myLot reputation of 82/100. painkiller77 (1294)   ranked 1,863 out of 32,957 in life  4 years ago

maybe... i am not too sure. it is a thing about 20 years into the future..


myLot reputation of 96/100. dawnald (24272)   ranked 208 out of 32,957 in life  4 years ago

Plenty of time to think about it then!


myLot reputation of 82/100. painkiller77 (1294)   ranked 1,863 out of 32,957 in life  4 years ago

yeah!!!!!!!!!!!!!!

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4. myLot reputation of 98/100. richiem (1515)   ranked 1,558 out of 32,957 in life   4 years ago

I have not yet planned my estate as I still don't have any properties of my own.

But I plan to have my estate planned as soon as I reach 45 or somewhere near 50. I don't want my children to worry if something would happen to me.

I have always wanted a secured family.

Have a nice day! happy


myLot reputation of 96/100. dawnald (24272)   ranked 208 out of 32,957 in life  4 years ago

Definitely no later than that I think. You never know what might happen!

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