Search found 59 matches
- Mon Sep 13, 2021 8:04 pm
- Forum: Personal Finance (Not Investing)
- Topic: Finding an Estate Attorney
- Replies: 13
- Views: 1768
Re: Finding an Estate Attorney
Some state bars like Florida (and Texas?) certify lawyers as specialists in wills, trusts and estates.
- Mon Mar 08, 2021 8:45 am
- Forum: Personal Investments
- Topic: To backdoor Roth or not to backdoor Roth
- Replies: 16
- Views: 2261
Re: To backdoor Roth or not to backdoor Roth
That's great. So, for 2020, I can accomplish the trad IRA funding and Roth conversion before April 15, and then I can do the same thing prior to April 15 of next year?
- Sun Mar 07, 2021 7:41 pm
- Forum: Personal Investments
- Topic: To backdoor Roth or not to backdoor Roth
- Replies: 16
- Views: 2261
Re: To backdoor Roth or not to backdoor Roth
I have a traditional IRA which I don't want to roll over to a Roth or roll into my high-fee 401k at work. Can I set up a backdoor Roth IRA for my wife without triggering pro rata tax rules on my IRA?
- Mon Nov 25, 2019 6:13 am
- Forum: Personal Finance (Not Investing)
- Topic: Am I Obligated To Pay Attorney Bill?
- Replies: 85
- Views: 7843
Re: Am I Obligated To Pay Attorney Bill?
If you seek legal advice from an attorney, and received advice, you should expect to (and should, in fact) pay for it.
- Thu Jun 27, 2019 6:55 am
- Forum: Personal Investments
- Topic: I Inherited a Trust, Please Help Me Find A Trustee
- Replies: 12
- Views: 2161
Re: I Inherited a Trust, Please Help Me Find A Trustee
Corporate trustees generally don't want to oversee investment real estate. You should consult with an experienced trust and estate attorney. There may be a way to modify the trust to eliminate the requirement of having a corporate trustee or to substitute an "independent trustee" which may be an individual and not a corporation. This would generally require the consent (or at least notice to) all potential beneficiaries (current and future), and may or may not require court approval, depending on governing law.
- Fri May 10, 2019 6:47 am
- Forum: Personal Finance (Not Investing)
- Topic: Title search and insurance
- Replies: 14
- Views: 1487
Re: Title search and insurance
In Florida, title insurance rates are promulgated, meaning set by the state. Your other charges include documentary stamp tax (usually paid by the seller), title search fee, and document preparation. This is all pretty standard stuff, especially since this is a transaction with a related person. Just find a local title insurance agent.
- Wed Jan 16, 2019 3:18 pm
- Forum: Personal Finance (Not Investing)
- Topic: Auto Owned By Revocable Living Trust
- Replies: 15
- Views: 1699
Re: Auto Owned By Revocable Living Trust
We live in Florida and when we established my mom's irrevocable grantor trust the attorney told us not to place the car inside the trust as it would expose the remainder of the trust assets to legal claim in case an accident involving the car occurred. Cheers You refer to an irrevocable grantor trust, which is an entirely different animal than a revocable living trust. Transferring title of your car to an irrevocable trust created by you could expose the trust to liability and thereby harm the interests of the trust beneficiaries. I never claimed that it was the same thing which is why I explicitly identified the type of trust. I considered it to be a data point that might be of value to someone. Cheers And that distinction makes all the d...
- Wed Jan 16, 2019 3:08 pm
- Forum: Personal Finance (Not Investing)
- Topic: Auto Owned By Revocable Living Trust
- Replies: 15
- Views: 1699
Re: Auto Owned By Revocable Living Trust
You refer to an irrevocable grantor trust, which is an entirely different animal than a revocable living trust. Transferring title of your car to an irrevocable trust created by you could expose the trust to liability and thereby harm the interests of the trust beneficiaries.Silk McCue wrote: ↑Wed Jan 16, 2019 2:38 pm We live in Florida and when we established my mom's irrevocable grantor trust the attorney told us not to place the car inside the trust as it would expose the remainder of the trust assets to legal claim in case an accident involving the car occurred.
Cheers
- Sun Jan 13, 2019 8:56 am
- Forum: Personal Consumer Issues
- Topic: Duffel Bag vs Wheeled Stand Up traveling
- Replies: 78
- Views: 6066
Re: Duffel Bag vs Wheeled Stand Up traveling
In the past year I replaced my roller carry on suitcase with a medium sized canvas duffel bag. I've used the duffel bag for continental and international travel. The main advantage is the flexibility of the bag, as another poster stated, it's easy to squeeze into an overhead compartment. On the downside is the weight of a packed bag. I always try to pack light, so it's worked pretty well for me.
- Mon Jan 07, 2019 6:39 am
- Forum: Personal Finance (Not Investing)
- Topic: Is it appropriate to take deduction for donating items belonging to deceased?
- Replies: 8
- Views: 1243
Re: Is it appropriate to take deduction for donating items belonging to deceased?
The estate can only take a charitable deduction if the will provides for a gift to charity, e.g., "I leave my clothing and furniture to The Salvation Army."
If the will provides for outright distribution to the beneficiaries, the executor should distribute the items from the estate to the beneficiaries, who can then make the charitable donations, and take the deduction on their own 1040s.
If the will provides for outright distribution to the beneficiaries, the executor should distribute the items from the estate to the beneficiaries, who can then make the charitable donations, and take the deduction on their own 1040s.
- Tue Oct 16, 2018 6:58 pm
- Forum: Personal Consumer Issues
- Topic: Last Will and Testament Question
- Replies: 9
- Views: 1288
- Tue Oct 16, 2018 6:53 pm
- Forum: Personal Finance (Not Investing)
- Topic: Elder care tax question(s)
- Replies: 32
- Views: 3155
Re: Elder care tax question(s)
CRTR wrote: ↑Tue Oct 09, 2018 3:59 pm
4. I own a rental property in Idaho. If I sign the title over to her (and file a gift tax return), the existing adjusted basis carries over to her (FMV ~$650k, ~$150K depreciation recapture, purchase price + improvements ~$410K). When she dies, I will inherit the property back and receive a step-up in basis to FMV at her DOD? (I'm her only heir).
If she dies within a year of the transfer you will get a carryover basis in the property, not a step-up. That is, assuming the property gets back to you.
- Mon Sep 03, 2018 9:02 am
- Forum: Personal Finance (Not Investing)
- Topic: Fidelity Rewards Visa Card
- Replies: 86
- Views: 16223
Re: Fidelity Rewards Visa Card
I've had this card for a couple of years. Rewards go to Fidelity 529 account for my kid. This seems like one of the better (if not the best) reward cards.
- Mon Sep 03, 2018 8:58 am
- Forum: Personal Finance (Not Investing)
- Topic: Old trusts and step up in basis
- Replies: 10
- Views: 1078
Re: Old trusts and step up in basis
As stated above, the trust may include a general power of appointment in the surviving spouse, subjecting the assets subject to the power to inclusion in the powerholder's estate, resulting in a step-up in basis for the remainder beneficiaries.
There are other sophisticated basis-planning techniques. For instance, if there is no general power of appointment, the surviving spouse may be able to exchange his/her own high basis assets for low basis trust assets, which would be included in the survivor's estate, resulting in a basis step-up at his/her death.
There are other sophisticated basis-planning techniques. For instance, if there is no general power of appointment, the surviving spouse may be able to exchange his/her own high basis assets for low basis trust assets, which would be included in the survivor's estate, resulting in a basis step-up at his/her death.
- Sun Sep 02, 2018 8:42 am
- Forum: Personal Finance (Not Investing)
- Topic: Durable Power of Attorney: Implementation Report
- Replies: 79
- Views: 9301
Re: Durable Power of Attorney: Implementation Report
I'll answer for 2015, "yes." This is referred to as "poor man's estate planning;" hold assets to avoid probate/guardianship but make them subject to child's potential creditors/divorce, etc. If I represent mom I am suggesting a more robust plan. Thanks for attempting to be my mouthpiece, but your projections are invalid. I recommend engaging in second stage thinking before responding, which would include asking questions to clarify (as FireChief did) versus simply expressing opinions (which happens frequently on this board). I have no debts (and hence no creditors), am single and hence no divorce or other entanglements of any kind, and have sufficient insurances to insure against deep risk (i.e., litigation). When I eng...
- Sat Sep 01, 2018 10:13 am
- Forum: Personal Finance (Not Investing)
- Topic: Durable Power of Attorney: Implementation Report
- Replies: 79
- Views: 9301
Re: Durable Power of Attorney: Implementation Report
I didn't have to go through any of this nonsense. I became joint owner on all accounts, which helped tremendously both during my relative's incapacitation before death but also after death once I became executor. Caveat: it was a small estate with no real property. If you had been sued, wouldn't this have put your relative's assets at risk? I'll answer for 2015, "yes." This is referred to as "poor man's estate planning;" hold assets to avoid probate/guardianship but make them subject to child's potential creditors/divorce, etc. If I represent mom I am suggesting a more robust plan. Thanks for attempting to be my mouthpiece, but your projections are invalid. I recommend engaging in second stage thinking before responding...
- Fri Aug 31, 2018 5:39 pm
- Forum: Personal Finance (Not Investing)
- Topic: Durable Power of Attorney: Implementation Report
- Replies: 79
- Views: 9301
Re: Durable Power of Attorney: Implementation Report
I'll answer for 2015, "yes." This is referred to as "poor man's estate planning;" hold assets to avoid probate/guardianship but make them subject to child's potential creditors/divorce, etc. If I represent mom I am suggesting a more robust plan.FIREchief wrote: ↑Fri Aug 31, 2018 5:00 pmIf you had been sued, wouldn't this have put your relative's assets at risk?2015 wrote: ↑Fri Aug 31, 2018 12:33 pm I didn't have to go through any of this nonsense. I became joint owner on all accounts, which helped tremendously both during my relative's incapacitation before death but also after death once I became executor. Caveat: it was a small estate with no real property.
- Fri Aug 31, 2018 7:58 am
- Forum: Personal Finance (Not Investing)
- Topic: Durable Power of Attorney: Implementation Report
- Replies: 79
- Views: 9301
Re: Durable Power of Attorney: Implementation Report
Lesson: POAs are an important part of an estate plan, but having non-qualified accounts and other assets in trust generally allows much easier handoff of control to fiduciary in the event of one's incapacity, insofar as dealing with financial institutions.
- Sun Aug 26, 2018 7:15 am
- Forum: Personal Finance (Not Investing)
- Topic: What is your stealth way to save monthly?
- Replies: 87
- Views: 11889
Re: What is your stealth way to save monthly?
Beside maxing out 401k:
1. Recently purchased used car for cash after lease ended. I am putting away the old monthly payment amount into a separate savings account to buy the next used car when SO's lease expires
2. Move small amount daily into investment account to purchase total market index fund.
3. Move small daily amount into savings account for future purchases (e.g, home repairs, family trip, etc.)
1. Recently purchased used car for cash after lease ended. I am putting away the old monthly payment amount into a separate savings account to buy the next used car when SO's lease expires
2. Move small amount daily into investment account to purchase total market index fund.
3. Move small daily amount into savings account for future purchases (e.g, home repairs, family trip, etc.)
- Sun Aug 19, 2018 11:56 am
- Forum: Personal Consumer Issues
- Topic: Where to stay in St. Augustine?
- Replies: 8
- Views: 1380
Re: Where to stay in St. Augustine?
There are a lot of nice B&Bs in Old St. Augustine. If I remember correctly, my wife and I stayed at South Winds B&B many years ago.
- Sat Aug 18, 2018 7:30 am
- Forum: Personal Finance (Not Investing)
- Topic: One more reason for Fidelity Visa
- Replies: 15
- Views: 3969
- Sat Aug 18, 2018 7:26 am
- Forum: Personal Finance (Not Investing)
- Topic: A question of trust
- Replies: 3
- Views: 597
Re: A question of trust
Qualified plans are non-probate assets that pass pursuant to beneficiary designation. So a revocable trust is not required for that purpose.
In addition, only an individual can own qualified accounts. A trust may be named as beneficiary of qualified accounts, if that is part of the estate plan, but the post-death determination of "designated beneficiaries" and RMDs is very complicated and requires the advice of an experienced attorney.
In addition, only an individual can own qualified accounts. A trust may be named as beneficiary of qualified accounts, if that is part of the estate plan, but the post-death determination of "designated beneficiaries" and RMDs is very complicated and requires the advice of an experienced attorney.
- Thu Aug 16, 2018 6:24 am
- Forum: Personal Consumer Issues
- Topic: Men’s Underwear recommendation
- Replies: 67
- Views: 9421
- Thu Aug 16, 2018 6:20 am
- Forum: Personal Finance (Not Investing)
- Topic: What do you do with your interest from your ER fund?
- Replies: 10
- Views: 1266
Re: What do you do with your interest from your ER fund?
My second-tier EF is in an online savings account. I've just kept the interest in the account for the past couple of years since I established the account. But I was thinking of adding the interest to an index fund account, which probably makes more sense.
- Thu Aug 09, 2018 6:50 am
- Forum: Personal Finance (Not Investing)
- Topic: Regarding FIRE
- Replies: 10
- Views: 1343
Re: Regarding FIRE
I believe it is based on liquid assets - those you will draw against for next x number of years.
- Tue Aug 07, 2018 2:08 pm
- Forum: Personal Consumer Issues
- Topic: Grind and Brew Coffee Makers - worth it?
- Replies: 39
- Views: 5360
Re: Grind and Brew Coffee Makers - worth it?
I tend to dislike machines that create unnecessary material waste, i.e., Keurig and Nespresso. I am interested in an automatic espresso type machine, like the Jura J8, I guess. A question for those users: do those machines make a cup of regular joe, in addition to the lattes, capuccinos, etc.?
- Thu Aug 02, 2018 5:12 pm
- Forum: Personal Investments
- Topic: What to do with extra money
- Replies: 3
- Views: 426
Re: What to do with extra money
That's excellent! Thank you.soccerrules wrote: ↑Thu Aug 02, 2018 5:08 pm I would #2 first ($11,000)
Then take remaining and split 50/50 with student loans($7,000) and car savings ($7,000).
I would not be making extra mortgage payments until you have paid off student loans and maxed our 401K/IRA's
- Thu Aug 02, 2018 4:57 pm
- Forum: Personal Investments
- Topic: What to do with extra money
- Replies: 3
- Views: 426
What to do with extra money
This year has been a bit more successful financially than past years. I am considering several ways in which to allocate these excess funds - let's call it $25,000 net. I am close to maxing out my 401(k), and my income is beyond the point at which I can contribute to an IRA for my spouse. My proposed use of the extra funds includes: 1. Pay down remaining school loans (4% interest) - for a guaranteed return. 2. Contribute to a backdoor Roth IRA - not deductible, but will add to my portfolio (one for me and one for my spouse?). 3. Hold funds in online savings account (1.75%) to fund purchase of late model used car when my lease is up in year and a half - furthering my goal of eliminating car payments 4. Make extra mortgage payments (3.75%) - ...
- Mon Jul 23, 2018 5:01 pm
- Forum: Personal Finance (Not Investing)
- Topic: Location Independent (Nomad) Will
- Replies: 20
- Views: 2088
Re: Location Independent (Nomad) Will
(1) create a revocable trust which names beneficiaries upon your death;
(2) fund the trust by titling your assets to the trust;
(3) make a last will and testament that “pours over” any estate assets to your trust.
A good estate planning lawyer can advise and assist with the foregoing.
(2) fund the trust by titling your assets to the trust;
(3) make a last will and testament that “pours over” any estate assets to your trust.
A good estate planning lawyer can advise and assist with the foregoing.
- Sat Jul 14, 2018 8:34 am
- Forum: Personal Finance (Not Investing)
- Topic: Living Revocable Trust - conveyance of assets
- Replies: 37
- Views: 3312
- Thu Jun 28, 2018 8:18 pm
- Forum: Personal Finance (Not Investing)
- Topic: Adding a trust to your homeowner's policy
- Replies: 64
- Views: 9828
Re: Adding a trust to your homeowner's policy
Add your trust as an alternate payee under the policy. Is "alternate payee" the same as "alternate insured"? What does it actually mean? For example, just to wander afield a bit, what happens with a claim payment if the insurance has person A as the insured and person B as an alternate insured/alternate payee? The thinking is as follows: if person A is living when a claim is paid, the claim will be paid to person A. If person A is deceased, the claim will be paid to the alternate payee - in this case, the Trust. I think the concern is liability claims not insurance payouts to the insured The original poster said his home is in trust (which I assume is revocable). Generally the concern with a revocable trust is getting a...
- Thu Jun 28, 2018 8:13 pm
- Forum: Personal Finance (Not Investing)
- Topic: What's in your ADP 401(k)?
- Replies: 22
- Views: 4345
Re: What's in your ADP 401(k)?
I've been able to duplicate a Total Market Fund in my ADP 401(k), I think, with an S&P 500 index, a Midcap index and a Small Cap index. The offerings in my plan are extremely slim. ADP recently reduced the expense ratios on the available funds, which were high to begin with.
- Thu Jun 28, 2018 8:08 pm
- Forum: Personal Finance (Not Investing)
- Topic: Adding a trust to your homeowner's policy
- Replies: 64
- Views: 9828
Re: Adding a trust to your homeowner's policy
The thinking is as follows: if person A is living when a claim is paid, the claim will be paid to person A. If person A is deceased, the claim will be paid to the alternate payee - in this case, the Trust.
- Mon Jun 25, 2018 5:40 am
- Forum: Personal Finance (Not Investing)
- Topic: Adding a trust to your homeowner's policy
- Replies: 64
- Views: 9828
Re: Adding a trust to your homeowner's policy
Add your trust as an alternate payee under the policy.
- Wed Jun 20, 2018 6:59 am
- Forum: Personal Consumer Issues
- Topic: Help Buying Mens Shoes for Work and Dating
- Replies: 97
- Views: 12238
Re: Help Buying Mens Shoes for Work and Dating
You can't go wrong with Allen Edmonds for work. They are high-quality and will last for years. I own 3 pairs (black, brown and burgundy), but I wear dress slacks/suit every day of the week.
As for jeans (and khakis), I just started wearing brown Clark's chukka books and love them. Easy on and off (for TSA checkpoints), fashionable and comfortable.
As for jeans (and khakis), I just started wearing brown Clark's chukka books and love them. Easy on and off (for TSA checkpoints), fashionable and comfortable.
- Sat Jun 02, 2018 6:20 am
- Forum: Personal Consumer Issues
- Topic: Safeco Auto Insurance
- Replies: 15
- Views: 2338
Re: Safeco Auto Insurance
I've had our family's car insurance policy through Safeco for past several years, offered by my insurance agent. I have not had a claim so I can't speak in that regard, but they are happy to take my money.
- Sun May 20, 2018 9:11 am
- Forum: Personal Investments
- Topic: $1,700,000 from family trust...
- Replies: 83
- Views: 13527
Re: $1,700,000 from family trust...
Putting your inheritance into a joint account with your wife will probably be a conversion of separate property to marital property, which could cost you in the event of a divorce. There are legal, as well as financial, considerations.
- Sun Apr 29, 2018 7:01 am
- Forum: Personal Finance (Not Investing)
- Topic: Help defining needs for Will / Estate plan
- Replies: 17
- Views: 1829
Re: Help defining needs for Will / Estate plan
Estate planning for parents of minor children has some complexities, including coordinating beneficiary designations with the plan (i.e., properly funding testamentary trust), providing for guardians (of person and property), and coordinating guardians/trustees duties to manage money and make sure distributions are available and provided for children's needs. A good estate planning attorney will have knowledge of the laws of wills and trusts, tax law, asset protection, divorce and family law, and guardianship law, among other things. There are plenty of things one can do for oneself, but just because you can doesn't mean you should. Estate planning has become commoditized due to the rise of DIY outfits like Legalzoom. However, when you hire...
- Sun Apr 02, 2017 12:51 pm
- Forum: Personal Finance (Not Investing)
- Topic: Will vs Living Trust
- Replies: 59
- Views: 8964
Re: Will vs Living Trust
Wow! That is an amazing quote. You're taking this BH "do-it-yourself" stuff too seriously. A good estate planning attorney is experienced in reviewing your asset ownership, considering your goals, taking into account taxes and other costs, and recommending and implementing an appropriate plan. You are obviously not too concerned with making things easy for your wife or you wouldn't be so foolish about seeking the advice of a professional.Guardyourheart wrote: I have avoided going to an estate lawyer because I think I can do this myself and I'm a penny pincher.
- Sun Apr 02, 2017 12:41 pm
- Forum: Personal Consumer Issues
- Topic: What to see in Philly?
- Replies: 87
- Views: 8457
Re: What to see in Philly?
I agree with Hockey10, this is a no-brainer for Independence Hall and Liberty Bell with only a few hours to visit. Grab lunch at nearby Reading Terminal Market if you can.Hockey10 wrote:Independence Hall and the Liberty Bell. That is where our country got started and is definitely worth a visit.
- Thu Aug 25, 2016 3:16 pm
- Forum: Personal Consumer Issues
- Topic: Office Chair
- Replies: 36
- Views: 5470
Re: Office Chair
Gently used Herman Miller Aeron chair on Ebay!
- Wed Aug 24, 2016 1:20 pm
- Forum: Personal Consumer Issues
- Topic: Journal of my recent ride through Southern Italy and Sicily
- Replies: 12
- Views: 1872
Re: Journal of my recent ride through Southern Italy and Sicily
Wow, thanks for sharing. That looks like it was an amazing adventure.
- Sat Aug 13, 2016 1:40 pm
- Forum: Personal Consumer Issues
- Topic: Advice about a stop in Chicago
- Replies: 52
- Views: 7776
Re: Advice about a stop in Chicago
Just came back from Chi-town. Beautiful weather this time of year. Took train from airport - very easy and cheap. Uber or walked everywhere else. Don't miss the architectural boat tour and the Art Institute.
- Fri May 13, 2016 11:23 am
- Forum: Personal Finance (Not Investing)
- Topic: More Americans over 65 are working
- Replies: 7
- Views: 1481
Re: More Americans over 65 are working
I would have guessed the percentage to be higher than that. Who can afford to retire?!
- Wed May 04, 2016 9:59 am
- Forum: Investing - Theory, News & General
- Topic: "MetLife to Pay $25 Million"
- Replies: 13
- Views: 2880
Re: "MetLife to Pay $25 Million"
Seems like a small price to pay, a drop in the bucket for MetLife. Just another cost of doing business.
- Sun Apr 24, 2016 8:11 am
- Forum: Personal Finance (Not Investing)
- Topic: Book Recommendation Needed -- Trusts & Estates
- Replies: 6
- Views: 1245
Re: Book Recommendation Needed -- Trusts & Estates
Like everything else, estate planning ranges from the simple to the complex, depending on each client's specific circumstances. The issues involved may include planning for disability; avoidance of court-administered guardianship; appointing guardians for minor children; end-of-life issues; probate avoidance; ancillary administration avoidance; income tax planning; estate, gift and generation-skipping tax planning; asset protection planning for client; creditor protection for beneficiaries; long-term care (Medicaid) planning; pre-divorce planning, real estate investment structuring; form of business ownership and exit strategies; etc. It certainly makes sense to be educated. I tried to educate myself as best I could about several surgeries ...
- Mon Apr 18, 2016 9:52 am
- Forum: US Chapters
- Topic: South Florida Local Chapter
- Replies: 628
- Views: 213427
Re: Southeast Florida Local Chapter
That is very generous. I hope we can make this happen.Taylor Larimore wrote:Bogleheads:
I will be pleased to offer my Miami condo as a meeting place for South Florida Bogleheads and pay for a lunch. I hope others will do the organizing.
Best wishes.
Taylor
- Sun Apr 17, 2016 3:33 pm
- Forum: Personal Finance (Not Investing)
- Topic: HELP! HR Doesn't Believe in Index Funds for 401k
- Replies: 64
- Views: 8542
Re: HELP! HR Doesn't Believe in Index Funds for 401k
That is terrible situation. My small company (of which I'm a part owner) recently established a 401(k), quite hastily, I might add. We have several index funds, but all have expense ratios of .97%. I know the same funds are available for .05 - .20 at Fidelity or Vanguard. Needless to say, I've spoken to my partners, and at the first opportunity we will look to move our plan to one with more competitive fees. I would never have thought about any of this were it not for my finding the Bogleheads!
I hope you find a solution to your situation. Perhaps, you can ask other employees to sign a petition to add index funds.
I hope you find a solution to your situation. Perhaps, you can ask other employees to sign a petition to add index funds.
- Sun Apr 17, 2016 3:00 pm
- Forum: Personal Finance (Not Investing)
- Topic: Need A Trust Company
- Replies: 20
- Views: 3691
Re: Need A Trust Company
It is not uncommon for a corporate trustee to decline to act with respect to assets other than cash/securities - e.g., real estate or business. One other poster was correct in that you can appoint your CPA or someone else as "special trustee" to sell the real property. The sale proceeds will be paid to the trust and then managed by corporate trustee with the other trust assets.
- Sun Apr 17, 2016 8:52 am
- Forum: Personal Finance (Not Investing)
- Topic: Postnuptial agreement for Physician
- Replies: 94
- Views: 12105
Re: Postnuptial agreement for Physician
One way to bring it up with her is to tell her that if you don't have a marital agreement, the state in which you reside will make one for you, in the form of laws regarding distribution of assets and alimony, etc., upon divorce. You and your wife can make an agreement which you both deem fair, rather then assuming that your state legislature has your best interests in mind. If your wife is agreeable, you should see an attorney and have him/her prepare a draft agreement based on your discussions with your wife. Your wife should have her own lawyer and you and she can negotiate any sticking points. Then forget about it and move on with your life.