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mega317 wrote: ↑Thu Mar 23, 2023 9:30 am

johnnyc321 wrote: ↑Thu Mar 23, 2023 9:23 am Samsung disaster

Freud for message boards. This is perfect.

Haha! Typo…or maybe not!

Better but not back to normal.

My anecdotal evidence is that we just submitted a warranty claim on our new Samsung disaster two weeks ago because the LEDs stopped working. They have no spare parts and are instead sending us an entire new dishwasher.

However TV prices have dropped like crazy.

Really sorry for your loss.

I agree with those that say to take it slow. Interest rates are high at the moment and will probably stay that way most of the year if not longer. You'd do fine in a money market fund or treasuries while you figure things out.

Thanks for the suggestions, everyone. I think you all may be right that we don't need a trust. We probably won't pursue one but we included it in discussions with the lawyers as we were trying to understand whether we needed one or not since we have two little ones. Some seem to recommend it more than others. The suggestion to ask people we know is a good one but, unfortunately, we're haven't been in this area that long so our network is not particularly strong. There may be some coworkers we can ask, so that may be a starting point. I am an estate planning lawyer. You want a trust to hold your life insurance for your kids. Yes you can put trust provisions in a will but those aren’t ideal for a number of reasons. And typically lawyers who ...

We just bought a Samsung dishwasher from Costco a couple months ago. I want to get a different brand but the Samsung matches out other appliances which are black stainless (never again).

The Costco experience is great but I would avoid Samsung because none of their dishwashers included separate heaters for drying so the dishes are often still wet after the run is complete.

One more thing is that one of the LEDs is already dead. I haven’t called yet.

I was really looking forward to the new sequoia. But the third row not laying flat kills it for me.

The flood of lawsuits (many fraudulent) after Irma have nearly put the nail in the coffin of the Florida home insurance industry. Tens of thousands of cases were filed even as late as September 10, 2022, which was the statute of limitations deadline. The insurance industry isn't without blame though because as someone said above, they low-ball damage repair costs, auto-deny claims and force litigation. For example, our insurance company's adjuster said it would only cost a little more than $100 to paint our ceiling after Irma (we live in SWFL). We had roof leaks and he also said it was about $200 to fix each of them. I eventually got a little less than $20k but I am convinced it was only because I am a lawyer.

In most states, a minor cannot access more than a certain amount without a court appointed guardian. In Florida this amount is $15,000. This number is State specific but most states are very similar on this type of thing. If the account is never used before 18 then this isn’t an issue but if the minor needs the money before 18, a guardianship will be necessary. These laws are in place to prevent parents from stealing a child’s assets. It happens a lot more than people realize.

UTMAs don’t have this requirement because there is a custodian. Also, in many states an UTMA can be In place until 25 years old.

ShadowCat wrote: ↑Sat Jul 02, 2022 2:07 pm This is one of my biggest fears.

Just to clarify, is it possible to instead of doing a money transfer lockdown to just have Fidelity notify me instead? I'd rather not restrict money transfers in and out of my accounts and would prefer a mandatory notification. Can I set that up in my Fidelity account?

Fidelity allows you to set up notifications via text and email for certain events that happen in your account. It's a bit difficult to find because the "Alerts" section is within the "Communication Center" and not under the Security section of the website.

gasman wrote: ↑Mon Jun 27, 2022 9:25 pm Lets say you are looking at needing $3 million of life insurance. Get a $2 million 20 year and a $1 million 30 year policy. You should be partially self insured after the 20 years.

Another vote for doing this.

And get it soon. You never know when you may have some odd (but non life threatening) illness that makes your rates triple or quadruple. I speak from experience.

Why would there be any need to also complete the Schwab in-house POA form, as the Schwab chat consultant described? That would seem to be redundant with the agent form. There shouldn't be. The Schwab financial consultant that you decide to work with should be able to answer that. That Schwab form is not durable. What happens if someone has their own DPOA filed with Schwab. In at least some cases, the fact that the POA is durable is a key feature? They specifically want someone they've selected to be able to manage their affairs when they become unable to do so. RM I just reviewed the Schwab power of attorney form. It has no lines for witness signatures so it will not be valid under the law of most states. The notary section also does not c...

If the power of attorney is valid, sue them. In Florida (and likely most other places) the bank/institution will get the prize of paying your attorneys' fees and costs.

One implant I am in process of getting is nearly $5k. But it's more than 2 hours of work.

jmanter wrote: ↑Tue May 31, 2022 9:16 am

johnnyc321 wrote: ↑Tue May 31, 2022 9:13 am The zero funds are not transferable to other brokerages so should only be bought in IRAs, HSAs, etc.

A 403b should be fine here though, right? The concern is in taxable brokerage accounts only.

Yep.

The zero funds are not transferable to other brokerages so should only be bought in IRAs, HSAs, etc.

Do you trust this person? Some scammers do have plastic wrap machines to make items look brand new when they are in fact not. Example: I recently purchased an SSD drive at Walmart that was "new sealed in box". When I got home and opened the box, there was no drive in the box. The drives are light enough that you wouldn't notice unless you handle them all the time. Fortunately, the Walmart manager believed me and refunded my money. The drive was purchased online from Walmart and then returned to the store before I bought it but the scammer removed the drive before returning it.

Bennie wrote: ↑Thu May 26, 2022 4:14 pm

livesoft wrote: ↑Thu May 26, 2022 3:12 pm With online (i.e. Zoom) meetings the norm, do you even need someone in your area?

Thanks, livesoft!

Aren't you concerned that online zoom meetings are easily monitored / hacked / almost public?

I would not disclose anything there that I would not feel ok to publish in a newspaper... Maybe I am too cautious.

All of corporate America and giant law firms are using video conferencing now. If you are concerned with Zoom based on some rumors from 2020 (which were probably all unsubstantiated), you can use Webex or Microsoft Teams.

Hopefully not this morning.

I would think these days that every student admitted to UF (and almost all FSU students) will be getting the Bright Futures full tuition scholarship. I am certain that 100% of them will be getting at least the 75% scholarship.

When I canceled my subscription last year, I changed my address to an old California address of mine and the cancel button appeared. After I canceled, I immediately changed it back to my real address. I have read on Reddit that people will use a Fedex/UPS Store address to do this. There was no verification process. I think signed up again a few days later for another year at $4/month.

I initiated a transfer through Fidelity on 1/18 and it completed 3/7. Felt like forever.

I’ve been using this stuff called “Kids & Pets” that I get at Home Depot and it works great. I use it for the cat’s pee and in the kids’ bathroom. It also works great as a stain remover. Don’t buy it on Amazon though cause is twice the price there.

I prefer Martins over Taylors. I was going to suggest a D-35 but see that they are selling for double what I paid for mine about 15 years ago. $3,200 now vs. $1,500 back then. Sheesh.

In some states you can terminate a trust if everyone agrees. These trusts are also very small and may justify termination under the state's small trust termination statute or a provision within the document itself. It's very surprising and rare that there is no discretionary distribution language. Call a lawyer.

Your spouse already has homestead rights in the property. Regardless of her name not being on the deed, you will not be able sell it without her signature. And unless she waives her homestead rights, you will be required to leave it to her at your death and if you don’t, Florida law gives her life estate in it anyway. Look up Florida homestead restrictions on devise. You should hire a competent Florida estate planning attorney to advise you on this issue. Thanks for the insight. I always enjoy learning something new. This looks like a good Florida article on this topic. https://www.jpfirm.com/news-resources/homestead-you-may-own-it-but-that-does-not-mean-you-control-it/ Cheers Florida homestead is a somewhat complicated topic that trips up...

Another thing to consider is when you put her name on the property you will have to pay transfer tax on 50% of the outstanding mortgage amount. This is a Florida thing.

Your spouse already has homestead rights in the property. Regardless of her name not being on the deed, you will not be able sell it without her signature. And unless she waives her homestead rights, you will be required to leave it to her at your death and if you don’t, Florida law gives her life estate in it anyway. Look up Florida homestead restrictions on devise. You should hire a competent Florida estate planning attorney to advise you on this issue.

Yes you need a trust to pay the life insurance proceeds into for the child. If you die young and child is still a minor, the proceeds will be held under a guardianship. Guardianships are expensive, burdensome and require a lawyer to be involved.

Random Poster wrote: ↑Sun Oct 03, 2021 7:10 pm Toyota Sequoia, but your MPG would be abysmal and I’m not sure if you can get captain chairs in the second row. And you’d spend more than $40k for a new one.

The Sequoia does have the middle row captain seats option but you are correct that the current model MPGs are horrendous.

Rumor is that it will be redesigned in 2023 and it’ll likely have the new tundra engine that has a hybrid option. I’m holding out for it.

This probably has to do with the NYT losing more subscribers than gaining in recent years. Too bad. I won’t subscribe just for witecutter.

How do you know that these xfinitywifi and XFINITY "hotspots" are actual xfinity modems and not just networks set up by someone with the sole purpose of hacking your phone? You don't. This is why you should not connect to Xfinity Wifi networks.

The fort. But you probably already had that on your list.

Make sure the screen is at least 1080p. Anything less is terrible.

That’s a very poorly drafted trust.

adamthesmythe wrote: ↑Fri Mar 26, 2021 12:34 pm
And a serious question. If you have a title search done by a lawyer- does he warrant the result?

Never heard of a lawyer doing a title search. It's normally contracted out to a title company like Old Republic or Fidelity National. It's much cheaper (and probably gives better results) to order a report than to have the lawyer charging $300.00+/hour to search a database.

DoubleComma wrote: ↑Fri Mar 26, 2021 9:12 am I know on every property I have owned and current still own the lenders title insurance policy is a separate and unique policy from the owners policy. Lenders policy only last as long as that loan is active. Pay it off or refi and the previous policy is no longer valid. Owners policy remains in force as long as I (or my trust) own(s) the property.

The insured on a lender's policy is also the lender, not the owner. That's why it is called a lender's policy.

I am a lawyer and have been involved in title insurance disputes. It depends on where you live but in my state, the title agent does not have to be a lawyer. They make mistakes all the time. So yes, $377 to protect your $450k investment is worth it.

Also, the cost of this insurance may be set by state law so if you shop it you may find every agent charges the same for the policy. They may charge different random fees though.

If the PDF allows printing, the user can just print to a new PDF file and all the protections are gone in the new file. I do this when I get a PDF that won’t allow me to copy text.

Marseille07 wrote: ↑Sun Mar 07, 2021 4:50 pm

Call_Me_Op wrote: ↑Sun Mar 07, 2021 4:47 pm

Marseille07 wrote: ↑Sun Mar 07, 2021 2:43 pm I believe any capital gains during marriage would be subject to splitting. Same goes for theirs though.

Doesn't sound fair.

This wasn't correct as some poster pointed out. Though, none of this is fair unless each spouse brings in & earns just about the same amount.

Appreciation on non marital assets during the marriage most certainly does become a marital asset in many (maybe even all) states. This is especially true if the non martial asset is used to support the lifestyle of the couple during the marriage.

Example: the marital home when it is titled in only one spouse’s name.

Short answer: No.

Long answer: No.

At the very least, you should have an hour consult with a lawyer to explain to you what a prenup can and cannot do for you. This is a very state specific issue and California is one of the worst in this area of law.

NJdad6 wrote: ↑Fri Feb 19, 2021 10:01 am That is strange. Sounds more like fraud from the insurance company. Why would a criminal take out insurance in your name on your car?

It sounds like some elaborate scheme to file a fraudulent claim.

The beneficiaries need to be notified that they are a beneficiary and be provided a copy of the trust. They usually have a fixed period of time to object to the validity of the trust and the list of assets and debts. . . .(Who wants to find out later they now own 1/7 of grandma’s house?). . . . There is also usually a required time lag after beneficiary’s are notified how the split of assets will happen to give them time to object if something is not right or was forgotten. It is best to get a written statement from each beneficiary to acknowledge the split. Just a few comments on the above points. Obviously, laws are different from state to state so the obligations of the trustee to provide certain information may vary. I question whether...

Testamentary trusts are in your will, require a probate to be effective and are not private. Wills are public record.

Dropbox has a new password manager (At least I think it is new). I have not tried it yet since I have LastPass free but now I may.

This is a fast track to guardianship court unless you do an UTMA or trust.

Why are you seeking a guardianship for her property when she has a revocable living trust? Discuss with the attorney the possibility of placing the remainder of her assets in the trust and having a corporate trustee act as trustee of the trust. That would be the "neutral third party" you are seeking. A corporate trustee is impartial, permanent, always available, experienced in managing such arrangements and has the ability to manage complex situations such as you describe. You already have the framework in place with the RLT. I urge you to use it. Gill Guardianship law is very state specific. It is very likely that a guardianship/incapacity case will be necessary to have a court invalidate the power of attorney. That's the only m...

I have used a program called eraser to clear many drives. I just used it 2 weeks ago on some old hard drives at home because I consolidated all my old stuff on to a new external drive. It will run on only the empty drive space so no need to worry about it wiping windows off the disk. You can also use it to secure erase individual files. Unless your drives contain very sensitive data, 1 pass is sufficient.

The language of his email is classic scammer. Is this listing on craigslist? I've sold a few things recently and have had much better luck with Facebook. I also like that I can view the profile of the potential buyer before I respond.

If you are not convinced he is a scammer, tell him he is welcome to view the car but if he does not have cash, he will need to wire the funds to your bank before title is transferred. He can meet you at your bank when the wire is occurring.

Disclaim it so it goes to another family member?

The fees have a significant range. How aggressive will opposing counsel be? And don't say there isn't one. Because if there isn't, you might as well have no agreement. You should also hire an estate planning lawyer to draft it. Most divorce lawyers I know do not draft them.