Search found 16 matches

by trustquestioner
Mon Dec 18, 2017 9:08 am
Forum: Personal Finance (Not Investing)
Topic: Financial Assistance to Adult Child (health insurance)
Replies: 107
Views: 6573

Re: Financial Assistance to Adult Child (health insurance)

Not saying this applies in this case, but I definitely think baby boomers have a major misunderstanding of the challenges faced by millenials. A generation ago, necessities like health insurance, tuition and real estate were much, much less expensive. In order to be near good jobs, millenials have t...
by trustquestioner
Tue Nov 28, 2017 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: Independent Trustee Actively Managing Trust Account
Replies: 99
Views: 5913

Re: Independent Trustee Actively Managing Trust Account

Many seem to be expressing an attitude that confirms suspicions regarding corporate trustees. Beneficiaries are greedy brats, good thing the old man hired the bank to save them from themselves. 34 individual stocks is terrible management, period. The OP is completely justified in wanting it simplifi...
by trustquestioner
Mon Nov 27, 2017 10:43 am
Forum: Investing - Help with Personal Investments
Topic: Currently have $700,000 at 26 years old get $100,000 a year
Replies: 165
Views: 28735

Re: Currently have $700,000 at 26 years old get $100,000 a year

Who knows if this is real or not, but it raises a legitimate issue. At the end of the day, family life is much easier if you don't make it obvious to your kids that you're rich. Because once they know, they're going to expect your lifestyle and they're highly unlikely to want to work for it. I hones...
by trustquestioner
Thu Nov 16, 2017 2:49 pm
Forum: Investing - Help with Personal Investments
Topic: Help for semi retired friend with 8 figure savings
Replies: 68
Views: 5831

Re: Help for semi retired friend with 8 figure savings

Just a general observation that this forum is far too negative towards real estate investments. Not all real estate investing is the same, and liquidity is close to irrelevant for many high net worth people. There are huge tax benefits. Often I read things like "get out of the real estate, put it in...
by trustquestioner
Wed Nov 15, 2017 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: Fair way to split expenses?
Replies: 105
Views: 5868

Re: Fair way to split expenses?

All our income flows into a joint checking account for bill pay, etc. Anything large is discussed; all taxable investment accounts are also joint (funded from checking). No issues.
by trustquestioner
Mon Oct 16, 2017 9:18 am
Forum: Investing - Theory, News & General
Topic: Interest Rates - What am I missing?
Replies: 2
Views: 543

Interest Rates - What am I missing?

With interest rates in Europe functionally at zero, and with some bonds trading at negative yield, isn't there an opportunity? Why would one not, on a leveraged basis, borrow in Euros and invest in US bonds? Of course if it were this easy everyone would be doing it - just want to understand what I'm...
by trustquestioner
Tue Oct 10, 2017 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: Estate Questions
Replies: 23
Views: 3298

Re: Estate Questions

Thank you to all for the responses. Have consulted a wills and trusts attorney. No major concerns there at this point. Communication hasn't been great, but now we know what the assets are, where they are and the expected post-tax value of the estate. Next round of questions pertains to investment de...
by trustquestioner
Tue Sep 26, 2017 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: Estate Questions
Replies: 23
Views: 3298

Re: Estate Questions

Follow up question: a large portion of the estate is stock in a privately held business. The estate tax return will value these interests with minority discounts, because Dad did (apparently good) estate planning and moved the majority of the ownership out of his estate prior to death. If the busine...
by trustquestioner
Tue Sep 26, 2017 7:00 pm
Forum: Personal Finance (Not Investing)
Topic: Another "Should I sell my business" thread
Replies: 26
Views: 2905

Re: Another "Should I sell my business" thread

Possible alternative: sell the operating business, lease back the real estate.
by trustquestioner
Tue Sep 05, 2017 9:30 am
Forum: Personal Finance (Not Investing)
Topic: Estate Questions
Replies: 23
Views: 3298

Re: Estate Questions

Thanks for the advice. My attorney has looked it over. He thinks this was likely "sold" to Dad in the name of giving flexibility in order to make sure needs were met. The fear is that the drafter has now installed himself in a lucrative role and has a financial incentive to serve himself and his law...
by trustquestioner
Mon Sep 04, 2017 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: Estate Questions
Replies: 23
Views: 3298

Re: Estate Questions

Trust protector can only be removed "for cause." Who knows what that means. Can't change investment policy. I honestly don't see major problems arising as I'm not going to ask for anything crazy and have very frugal tastes (especially when considering the size of the estate). I'm just uncomfortable ...
by trustquestioner
Mon Sep 04, 2017 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: Estate Questions
Replies: 23
Views: 3298

Re: Estate Questions

Extensive powers. Can remove/replace trustees and has veto power over distributions. Notably, does not have the power to direct investment decisions. I suspect the attorney who drafted it just wanted to make sure the trust stays in existence perpetually in order to collect the (generous) fees the tr...
by trustquestioner
Mon Sep 04, 2017 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: Estate Questions
Replies: 23
Views: 3298

Re: Estate Questions

Also, the obvious question is why this arrangement exists at all; the way it was explained to me at the time was that it was set up this way in case I ever got divorced or sued.
by trustquestioner
Mon Sep 04, 2017 4:35 pm
Forum: Personal Consumer Issues
Topic: Companies/Brands You Love?
Replies: 157
Views: 12745

Re: Companies/Brands You Love?

Costco
Amazon
American Express
Chick Fil A
by trustquestioner
Mon Sep 04, 2017 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: Estate Questions
Replies: 23
Views: 3298

Re: Estate Questions

It has been about three months. Beneficiaries (me and my sister) are both adults. There is one trust for Dad's GST exemption, and another one for everything else. Given the size of the estate I could easily live off the income and never touch principal, leaving it to my children. However, the trust ...
by trustquestioner
Sun Sep 03, 2017 7:01 pm
Forum: Personal Finance (Not Investing)
Topic: Estate Questions
Replies: 23
Views: 3298

Estate Questions

All - been reading the forum for a long time - thanks to everyone for all the great advice. Recently, single parent died - 8 figure estate. Revocable trust is beneficiary of everything, me and sibling are beneficiaries of the trust (now irrevocable). The executor, who drafted the will and the trust,...