Search found 3049 matches

by Lee_WSP
Mon Sep 28, 2020 10:46 pm
Forum: Personal Finance (Not Investing)
Topic: Should I go for online Will making software?
Replies: 80
Views: 5115

Re: Should I go for online Will making software?

It's required under the model rules which are adopted by most states. I think she's confused as to what you asked for. I'm basically a corporate lawyer, so I work in a very different business model, but I would be hard pressed to take on a representation without an engagement letter. It's for the l...
by Lee_WSP
Mon Sep 28, 2020 9:13 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Beneficiary Modification
Replies: 56
Views: 2520

Re: Trust Beneficiary Modification

I am still puzzled. If as beneficiary and trustee your dad has complete discretion to distribute assets from the trust, up to the total amount, then IANAL, it would be considered his money for estate tax purposes. It would be a revocable trust. He could also decant the trust. We're getting all this...
by Lee_WSP
Mon Sep 28, 2020 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: unemployed and freaked
Replies: 10
Views: 1838

Re: unemployed and freaked

I wouldn't change anything in your situation until I find a new job.
by Lee_WSP
Mon Sep 28, 2020 5:05 pm
Forum: Personal Consumer Issues
Topic: Any Blended Scotch Drinkers Here?
Replies: 43
Views: 2652

Re: Any Blended Scotch Drinkers Here?

Put the 12 year Macallan up against master blenders with 12+ age statements and the Macallan will most likely lose out. That said, there's a certain romanticism about drinking a single malt batch; single barrel; etc. I definitely admit there is some romantacism in my view of it, although overall, I...
by Lee_WSP
Mon Sep 28, 2020 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: How to hire a probate attorney in Virginia
Replies: 5
Views: 354

Re: How to hire a probate attorney in Virginia

How much personal involvement do you want to put into this? Its a little difficult to settle some things from out of state.
by Lee_WSP
Mon Sep 28, 2020 2:03 pm
Forum: Personal Finance (Not Investing)
Topic: Investing and Saving Considerations for Single Guy
Replies: 47
Views: 2702

Re: Investing and Saving Considerations for Single Guy

I don't see how I will get lucky to ever find a partner who is a high earner and sees finances the same way I do. I don't know how you guys get so fortunate to find that ideal person! High earners like doctors and lawyers usually meet each other via work, work related social events or at school. I ...
by Lee_WSP
Mon Sep 28, 2020 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: Preapproval for mortgage
Replies: 6
Views: 584

Re: Preapproval for mortgage

It's better to have it and not need it than to need it and miss out because you couldn't get it in time.
by Lee_WSP
Mon Sep 28, 2020 12:14 am
Forum: Personal Consumer Issues
Topic: iPhone 11 - Anyone get a dud camera?
Replies: 17
Views: 1115

Re: iPhone 11 - Anyone get a dud camera?

Not enough light. It shot at 1/29 seconds which is not fast enough to freeze motion, so of course the kid is going to be blurry. The iso is 1300, which is going to create a lot of noise, notice the pixelation. I'm not familiar enough with the camera options on the phone, but i do know my camera set...
by Lee_WSP
Mon Sep 28, 2020 12:03 am
Forum: Personal Consumer Issues
Topic: iPhone 11 - Anyone get a dud camera?
Replies: 17
Views: 1115

Re: iPhone 11 - Anyone get a dud camera?

Not enough light. It shot at 1/29 seconds which is not fast enough to freeze motion, so of course the kid is going to be blurry. The iso is 1300, which is going to create a lot of noise, notice the pixelation. I'm not familiar enough with the camera options on the phone, but i do know my camera sett...
by Lee_WSP
Sun Sep 27, 2020 11:32 pm
Forum: Personal Consumer Issues
Topic: What type of accountant / lawyer for investigating $ exploitation of an elder?
Replies: 14
Views: 1238

Re: What type of accountant / lawyer for investigating $ exploitation of an elder?

That's a very specific area of the law. Possibly probate since elder and disabled exploitation is grouped together generally.
by Lee_WSP
Sun Sep 27, 2020 2:59 pm
Forum: Personal Consumer Issues
Topic: DSLR camera improvement suggestions
Replies: 55
Views: 2022

Re: DSLR camera improvement suggestions

As for improving your photography, just mount the 50mm, set the camera to shutter priority and 100, and shoot everything that looks remotely interesting every day for an hour or half an hour. Play around with the framing and focus point.
by Lee_WSP
Sun Sep 27, 2020 1:36 pm
Forum: Personal Consumer Issues
Topic: DSLR camera improvement suggestions
Replies: 55
Views: 2022

Re: DSLR camera improvement suggestions

To all the photography enthusiasts here, I have a Canon Rebel EOS XS that I bought about 10 years ago. I have the kit lense 18-55 mm f/3.5-5.6 and have bought a 50mm f/1.8 separately. However, I am not happy with how my pictures look. For some reason, the pictures look dull and don't look lively en...
by Lee_WSP
Sun Sep 27, 2020 1:18 pm
Forum: Personal Consumer Issues
Topic: DSLR camera improvement suggestions
Replies: 55
Views: 2022

Re: DSLR camera improvement suggestions

This sounds like a post image processing issue, not a camera issue.
by Lee_WSP
Sun Sep 27, 2020 1:04 pm
Forum: Personal Consumer Issues
Topic: Hiring a Security Guard Agency
Replies: 30
Views: 2375

Re: Hiring a Security Guard Agency

galawdawg wrote: Sat Sep 26, 2020 6:29 pm I assume there isn't an alarm system?
This question.

And if it isn't, maybe just get a monitored alarm system. It's a good idea to have even if your house isn't being fumigated. The alarm should scare off any trespassers who want to be poisoned.
by Lee_WSP
Sun Sep 27, 2020 1:01 pm
Forum: Personal Consumer Issues
Topic: Photographers: cheapest way to acquire a Nikon D850?
Replies: 24
Views: 1165

Re: Photographers: cheapest way to acquire a Nikon D850?

If he had a D800 he probably had a lot of FX full-frame lenses. They aren't cheap. I guess confirm this. I can't directly confirm the "FX full-frame" part without asking, but I know he had a lot of nice and expensive lenses that were compatible with the D800, so I'll say yes. The D850 appears to be...
by Lee_WSP
Sun Sep 27, 2020 11:49 am
Forum: Personal Consumer Issues
Topic: Photographers: cheapest way to acquire a Nikon D850?
Replies: 24
Views: 1165

Re: Photographers: cheapest way to acquire a Nikon D850?

Nikon is a little stingy in their warranty & service, so your only good outlet for refurbished is going to be Nikon itself or one of the larger well regarded retailers like Adorama or B&H Photo. The cost savings should be apparent. The only downside will be slightly reduced expected life (but you ca...
by Lee_WSP
Sun Sep 27, 2020 11:26 am
Forum: Personal Finance (Not Investing)
Topic: Avoiding Estate Tax
Replies: 39
Views: 2991

Re: Avoiding Estate Tax

The big advantage of life insurance over a simple investment fund is the favorable tax treatment when you expect to hold the policy until death. In other planning, buy term and invest the difference comes out ahead when you plan to drop the insurance once the growth in your assets and drop in futur...
by Lee_WSP
Sun Sep 27, 2020 12:42 am
Forum: Personal Consumer Issues
Topic: Car Battery issues - SHORT Drive due to COVID (Work From Home)
Replies: 55
Views: 3117

Re: Car Battery issues - SHORT Drive due to COVID (Work From Home)

I'd start with walking to the gym. Maybe add the grocery store too. .3 Mile trips are hard on the car.
by Lee_WSP
Sat Sep 26, 2020 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey Home Affordability Calculator
Replies: 59
Views: 4493

Re: Dave Ramsey Home Affordability Calculator

Since Dave’s and I assume most affordability calculators don’t included homeowners insurance is there a way to find out what the average person pays for homeowners insurance in a particular neighborhood or city? I do agree about the 20%. It’s good to do but with housing prices rising quickly in som...
by Lee_WSP
Sat Sep 26, 2020 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: House equity split
Replies: 13
Views: 1228

Re: House equity split

First off, this is a bad idea. But if they're going to do it, here's how: You treat the person living at the house as a renter. The rent must be a reasonable market rate. Both owners need to then do all the normal things a landlord does and share the loss/profits. Yes, very bad idea, full of confli...
by Lee_WSP
Sat Sep 26, 2020 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: Should I go for online Will making software?
Replies: 80
Views: 5115

Re: Should I go for online Will making software?

Jumping on this thread rather than starting a new one.... Live in CA Single Renter, don't own any property All investment accounts have beneficiaries listed Only thing of real value I even have is my car Any suggestions for someone in my shoes? Do I really need a will? I guess there is the health c...
by Lee_WSP
Sat Sep 26, 2020 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: Should I go for online Will making software?
Replies: 80
Views: 5115

Re: Should I go for online Will making software?

It's required under the model rules which are adopted by most states. I think she's confused as to what you asked for. I'm basically a corporate lawyer, so I work in a very different business model, but I would be hard pressed to take on a representation without an engagement letter. It's for the l...
by Lee_WSP
Sat Sep 26, 2020 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Math question calculating RoR on paying mortgage points
Replies: 18
Views: 930

Re: Math question calculating RoR on paying mortgage points

Now, the Op is looking at 30-years, so unless the Op is willing to do more refis down the road and/or this refi will actually create a cost to close vs. being no-cost, I’d be inclined to take the lower rate. The difference is far greater on a 30-year loan. Agreed, but it's extremely hard to plan fo...
by Lee_WSP
Sat Sep 26, 2020 11:24 am
Forum: Personal Finance (Not Investing)
Topic: House equity split
Replies: 13
Views: 1228

Re: House equity split

First off, this is a bad idea. But if they're going to do it, here's how:

You treat the person living at the house as a renter. The rent must be a reasonable market rate. Both owners need to then do all the normal things a landlord does and share the loss/profits.
by Lee_WSP
Sat Sep 26, 2020 11:17 am
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey Home Affordability Calculator
Replies: 59
Views: 4493

Re: Dave Ramsey Home Affordability Calculator

So what in your opinion is it for housing, in terms of House price to Income ratio for some standard assumption of Debt to Income ratio. I understand that Debt to Income ratio varies for each individual but that adjustment can be made from the standard assumption. This gives a more standardized way...
by Lee_WSP
Sat Sep 26, 2020 11:13 am
Forum: Personal Finance (Not Investing)
Topic: estate planning attorneys: how to split an inheritance?
Replies: 28
Views: 2240

Re: estate planning attorneys: how to split an inheritance?

I have a question for estate planning attorneys, or those who have a multitude of experiences with this type of scenario. A parent has two children. One child has two children, the other child has six children. Everyone is on good terms and in similar financial situations. Is a reasonable estate pl...
by Lee_WSP
Fri Sep 25, 2020 11:49 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey Home Affordability Calculator
Replies: 59
Views: 4493

Re: Dave Ramsey Home Affordability Calculator

You have to live somewhere, the rent vs buy calc is my rule of thumb. You can always get roommates in both situations.
by Lee_WSP
Fri Sep 25, 2020 11:42 pm
Forum: Personal Finance (Not Investing)
Topic: Should I go for online Will making software?
Replies: 80
Views: 5115

Re: Should I go for online Will making software?

Hi, After some procrastination and after some research, I thought I finally found a good lawyer. He is someone my colleague has used, and the lawyer answered all questions in the initial call. When I emailed them asking the next steps, the secretary replied "the next step is to pay our fees. you ca...
by Lee_WSP
Fri Sep 25, 2020 9:36 pm
Forum: Personal Finance (Not Investing)
Topic: Should I go for online Will making software?
Replies: 80
Views: 5115

Re: Should I go for online Will making software?

The attorney charged to discuss the issues and then further charged to fix her mistakes. With Will Maker, for example, it is straightforward to express your intentions. Hmm, well I don't agree with her actions to charge you to fix her mistake. Have you tried the software? If so, how does it compare...
by Lee_WSP
Fri Sep 25, 2020 9:18 pm
Forum: Personal Consumer Issues
Topic: Any Blended Scotch Drinkers Here?
Replies: 43
Views: 2652

Re: Any Blended Scotch Drinkers Here?

Most Japanese wisher is blended or blended malt. They're really good.
by Lee_WSP
Fri Sep 25, 2020 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: Should I go for online Will making software?
Replies: 80
Views: 5115

Re: Should I go for online Will making software?

My experience is that a well regarded estate attorney made several obvious mistakes in creating a trust and I had to pay for the legal time to correct the said mistakes. The trust was also written in convoluted language that made it very difficult for an educated person to understand. If I had not ...
by Lee_WSP
Fri Sep 25, 2020 6:48 pm
Forum: Personal Consumer Issues
Topic: Any Blended Scotch Drinkers Here?
Replies: 43
Views: 2652

Re: Any Blended Scotch Drinkers Here?

Are all the blended scotch whiskies pure scotch, or do some of them include "grain neutral spirits"? To be called scotch: https://en.wikipedia.org/wiki/Scotch_whisky#Legal_definition The article is vague but clearly states that blended scotch whisky includes "some proportion" of grain neutral spiri...
by Lee_WSP
Fri Sep 25, 2020 6:26 pm
Forum: Personal Consumer Issues
Topic: Any Blended Scotch Drinkers Here?
Replies: 43
Views: 2652

Re: Any Blended Scotch Drinkers Here?

UpperNwGuy wrote: Fri Sep 25, 2020 6:23 pm Are all the blended scotch whiskies pure scotch, or do some of them include "grain neutral spirits"?
To be called scotch:

https://en.wikipedia.org/wiki/Scotch_wh ... definition
by Lee_WSP
Fri Sep 25, 2020 6:20 pm
Forum: Personal Consumer Issues
Topic: Any Blended Scotch Drinkers Here?
Replies: 43
Views: 2652

Re: Any Blended Scotch Drinkers Here?

I've seen comments about other spirits on this site, but it has been a long time since I've seen any on scotch. We have one drink on most evenings and I have taken a liking to The Dimple Pinch 15 year-old neat. Have been comparing it with Johnnie Walker Black 12 year-old, also neat, and settled on ...
by Lee_WSP
Fri Sep 25, 2020 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: Should I go for online Will making software?
Replies: 80
Views: 5115

Re: Should I go for online Will making software?

palanzo wrote: Fri Sep 25, 2020 3:25 pm
Of course you can. Will Maker generates a trust either online or the application. So my example is quite relevant.
News to me. Fair enough.
by Lee_WSP
Fri Sep 25, 2020 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: Using Margin Loan to Buy House
Replies: 11
Views: 712

Re: Using Margin Loan to Buy House

The biggest issue is that the loan is callable at any time and the interest rate is not fixed. Otherwise, no. Except those are huge glaring problems.... Are there any examples of a big brokerage calling their margin loans suddenly? Well, IB just announced that they're increasing their margin requir...
by Lee_WSP
Fri Sep 25, 2020 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: Should I go for online Will making software?
Replies: 80
Views: 5115

Re: Should I go for online Will making software?

My experience is that a well regarded estate attorney made several obvious mistakes in creating a trust and I had to pay for the legal time to correct the said mistakes. The trust was also written in convoluted language that made it very difficult for an educated person to understand. If I had not ...
by Lee_WSP
Fri Sep 25, 2020 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: At what networth is okay to splurge on a 200k car ? (Tesla roadster)
Replies: 159
Views: 10309

Re: At what networth is okay to splurge on a 200k car ? (Tesla roadster)

Hi all, Still young and in the accumulation phase. Was wondering what networth you need to be able to buy a 200k car , even if it extends your retirement age by a couple of years ? Note, car would be paid for in all cash. Thanks. When it is 1/10,000th of your income. See this article for my reasoni...
by Lee_WSP
Fri Sep 25, 2020 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: Using Margin Loan to Buy House
Replies: 11
Views: 712

Re: Using Margin Loan to Buy House

The biggest issue is that the loan is callable at any time and the interest rate is not fixed. Otherwise, no. Except those are huge glaring problems....
by Lee_WSP
Fri Sep 25, 2020 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: Saving for a downpayment - little by little, or later lump sum?
Replies: 20
Views: 1406

Re: Saving for a downpayment - little by little, or later lump sum?

Money is fungible and it seems like your home buying plans aren't set in stone. As such, you should just keep on putting it into your taxable account per your AA. However, you may want to adjust your AA to be less risky in light of the fact that you may "want" the funds in the next 3-5 years.
by Lee_WSP
Fri Sep 25, 2020 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Should I have an estate plan at this point in my life?
Replies: 25
Views: 1505

Re: Should I have an estate plan at this point in my life?

You should at least have a will. They will generally be recognized in other jurisdictions if you move. At the very least, if you care how your assets are distributed upon your death, you need a will. Otherwise you'll be at the mercy of whatever state you die in's intestate laws. You also need medica...
by Lee_WSP
Fri Sep 25, 2020 10:38 am
Forum: Personal Finance (Not Investing)
Topic: What sectors are hiring?
Replies: 15
Views: 1562

Re: What sectors are hiring?

In my area, Amazon, Wal Mart, Lowes, Home Depot are all hiring. My younger son has a year of community college and is now working at Amazon and loves it. He sees new hires every 2 weeks come in and from his story, there are a ton of unemployable people. They can't get there on time, leave randomly ...
by Lee_WSP
Fri Sep 25, 2020 10:27 am
Forum: Personal Finance (Not Investing)
Topic: What would you do regarding refinance?
Replies: 7
Views: 554

Re: What would you do regarding refinance?

2. Try to refi once I have W2 income in a few weeks (combined with the amount they'd use from my 2019 returns) 3. Wait until February or March after I have my 2020 tax returns 4. I qualify to pull up to $100k out of my IRA due to COVID impact. I could pay off the $50k loan from IRA funds and pay it...
by Lee_WSP
Thu Sep 24, 2020 9:15 pm
Forum: Personal Consumer Issues
Topic: What is your favorite reasonably priced bourbon?
Replies: 207
Views: 22509

Re: What is your favorite reasonably priced bourbon?

MrMoneySmith wrote: Thu Sep 24, 2020 9:06 pm Kirkland Signature Single Barrel @ Costco = Delicious Value
I'm not sure about that. I find it hard to buy when they've got Woodford right next to it. The price isn't great for one liter IMO.
by Lee_WSP
Thu Sep 24, 2020 10:58 am
Forum: Personal Finance (Not Investing)
Topic: Should I Quit Hated Job And Take 80% Pay Cut?
Replies: 57
Views: 6562

Re: Should I Quit Hated Job And Take 80% Pay Cut?

tashnewbie wrote: Thu Sep 24, 2020 10:54 am I would quit. But, I'd have a plan and another job lined up before I quit. Start looking for a job wherever you want to live (whether that be wife's home country, etc).
Yup. You don't want to be jobless
by Lee_WSP
Wed Sep 23, 2020 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: Bad Finance to put 20% down on House
Replies: 21
Views: 3251

Re: Bad Finance to put 20% down on House

Well the total mortgage payment is a question of cash flow. How much to put down has to do with net worth and how much liquidity you want. The question of PMI if you can comfortably afford to skip it then becomes a question of expected return. Which then comes down to whether you think you'll get a ...
by Lee_WSP
Tue Sep 22, 2020 7:19 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Beneficiary Modification
Replies: 56
Views: 2520

Re: Trust Beneficiary Modification

NotWhoYouThink wrote: Tue Sep 22, 2020 6:46 pm OP said his dad was the trustee. Not a trustee. So who would prevent dad from decanting the trust?
The trust document.
by Lee_WSP
Tue Sep 22, 2020 7:15 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Question regarding wife's inheritance
Replies: 20
Views: 1313

Re: Tax Question regarding wife's inheritance

I believe you would owe tax on any gains between the date of owners death and when the house was sold. There is no line on 1040 for inheritance. The estate may owe tax. I believe that is correct, however, OP is asking about the proceeds from the sale of furniture. I believe the OP is asking about h...
by Lee_WSP
Tue Sep 22, 2020 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Beneficiary Modification
Replies: 56
Views: 2520

Re: Trust Beneficiary Modification

Most if not all Uniform Trust Code states allow a court to modify a trust based on changed circumstances or to accomplish the grantor's tax objectives. (New York hasn't enacted the UTC yet, and doesn't have those provisions.) While one could argue whether there are sufficient changed circumstances ...
by Lee_WSP
Tue Sep 22, 2020 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Question regarding wife's inheritance
Replies: 20
Views: 1313

Re: Tax Question regarding wife's inheritance

I believe you would owe tax on any gains between the date of owners death and when the house was sold. There is no line on 1040 for inheritance. The estate may owe tax. I believe that is correct, however, OP is asking about the proceeds from the sale of furniture. Wouldn't that be theoretically the...