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Author Topic: The only site I'll ever need...  ( 634,909 )

Quality Start Machine

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Re: The only site I'll ever need...
« Reply #3450 on: February 09, 2016, 10:17:04 AM »
Quote from: Bort on February 09, 2016, 08:57:03 AM
Quote from: SKO on February 09, 2016, 08:54:22 AM
Quote from: Median Desipio Chucklehead on February 09, 2016, 08:32:12 AM
Quote from: Saul Goodman on February 04, 2016, 02:58:11 PM
Quote from: CBStew on February 04, 2016, 02:20:08 PM
Quote from: Eli on February 04, 2016, 01:22:07 PM
I know we have several alleged lawyers here -- any non-advice on what to look for when creating a will? We've gotten quotes that range from like $400 to $3,000 (which seems insane, though maybe this is a reasonable get-what-you-pay-for thing) and there are terms thrown around that I have little understanding of like various types of trusts and directives, etc. We just want our bases covered, but since I don't even know what those are, I can't really ask for them. Any tips?
It depends on what you have and how you want to distribute it.  Are you married?  If so, do you live in a community property state?  I don't do probate, but my experience is that if you die intestate (without a will) the state will generally do what you would have done had you had a will.  The main reason for going to a lawyer is to do what you can to avoid estate taxes that allow the state to get a share of your estate that would have otherwise gone to your heirs.  But I say "tough on those ungrateful brats!"  You made it the hard way.  Why should their lazy asses be rewarded?

You generally want as little passing through probate as possible. It takes forever, is expensive, and is public. If you die without a will your property gets divided up amongst your family regardless of whether you even liked that brother who's always posting pro Donald Trump memes on your wall. Wanted to leave something to friends or charity? Too bad, should've written a will. And the scheme for doing that is determined state by state, so you're basically letting the legislators of your fine state write your will for you if you die without one.

Trusts can get around both the not having a will problem as well as the long probate (think "the judge-controlled legal process of interpreting and following a will") problem, and there are provisions that can make it harder for creditors to access your assets or, for example, to protect your son or daughter from him or herself by limiting access to gifts until certain ages or conditions are met. This whole structure can vary wildly state by state so you'll need a lawyer in your jurisdiction. My firm handles high net worth estate planning (not my department, but people I can ask under the guise of being new) but if you're not in California I can't tell you much in specifics that's going to be helpful to you. Unlike Stew, who has mercifully forgotten law school and the bar exam by now (I hope), I just got out of law school and took trusts and estates very recently, so it's somewhat fresh. Damn it.

We've got a fair amount of assets (but no kids/heirs), but we were able to do it all with Microsoft Willmaker.

Look it's too late for us at this point but I hope you at least left something for your grandson

Especially since he was the heir to the vast Lemmy fortune.

It got divided among all his kids. I used mine on a cup of coffee this morning.
TIME TO POST!

"...their lead is no longer even remotely close to insurmountable " - SKO, 7/31/16

CT III

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Re: The only site I'll ever need...
« Reply #3451 on: February 09, 2016, 11:20:51 AM »
Quote from: Median Desipio Chucklehead on February 09, 2016, 08:32:12 AM
Quote from: Saul Goodman on February 04, 2016, 02:58:11 PM
Quote from: CBStew on February 04, 2016, 02:20:08 PM
Quote from: Eli on February 04, 2016, 01:22:07 PM
I know we have several alleged lawyers here -- any non-advice on what to look for when creating a will? We've gotten quotes that range from like $400 to $3,000 (which seems insane, though maybe this is a reasonable get-what-you-pay-for thing) and there are terms thrown around that I have little understanding of like various types of trusts and directives, etc. We just want our bases covered, but since I don't even know what those are, I can't really ask for them. Any tips?
It depends on what you have and how you want to distribute it.  Are you married?  If so, do you live in a community property state?  I don't do probate, but my experience is that if you die intestate (without a will) the state will generally do what you would have done had you had a will.  The main reason for going to a lawyer is to do what you can to avoid estate taxes that allow the state to get a share of your estate that would have otherwise gone to your heirs.  But I say "tough on those ungrateful brats!"  You made it the hard way.  Why should their lazy asses be rewarded?

You generally want as little passing through probate as possible. It takes forever, is expensive, and is public. If you die without a will your property gets divided up amongst your family regardless of whether you even liked that brother who's always posting pro Donald Trump memes on your wall. Wanted to leave something to friends or charity? Too bad, should've written a will. And the scheme for doing that is determined state by state, so you're basically letting the legislators of your fine state write your will for you if you die without one.

Trusts can get around both the not having a will problem as well as the long probate (think "the judge-controlled legal process of interpreting and following a will") problem, and there are provisions that can make it harder for creditors to access your assets or, for example, to protect your son or daughter from him or herself by limiting access to gifts until certain ages or conditions are met. This whole structure can vary wildly state by state so you'll need a lawyer in your jurisdiction. My firm handles high net worth estate planning (not my department, but people I can ask under the guise of being new) but if you're not in California I can't tell you much in specifics that's going to be helpful to you. Unlike Stew, who has mercifully forgotten law school and the bar exam by now (I hope), I just got out of law school and took trusts and estates very recently, so it's somewhat fresh. Damn it.

We've got a fair amount of assets (but no kids/heirs), but we were able to do it all with Microsoft Willmaker.

I assume this will all be going into the Hockeenight.com Trust which will be capably administered by myself.

World's #1 Astros Fan

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Re: The only site I'll ever need...
« Reply #3452 on: February 09, 2016, 11:22:56 AM »
I'm now picturing Charles Foster Fork lying on his deathbed uttering the name of his beloved childhood sled.

"Fanzone"
Just a sloppy, undisciplined team.  Garbage.

--SKO, on the 2018 Chicago Cubs

Bort

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Re: The only site I'll ever need...
« Reply #3453 on: February 09, 2016, 11:59:16 AM »
Quote from: PANK! on February 09, 2016, 11:22:56 AM
I'm now picturing Charles Foster Fork lying on his deathbed uttering the name of his beloved childhood sled.

"Fanzone"

"British...muscle...b..."

"Javier Baez is the stupidest player in Cubs history next to Michael Barrett." Internet Chuck

World's #1 Astros Fan

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Re: The only site I'll ever need...
« Reply #3454 on: February 09, 2016, 12:02:56 PM »
Quote from: Bort on February 09, 2016, 11:59:16 AM
Quote from: PANK! on February 09, 2016, 11:22:56 AM
I'm now picturing Charles Foster Fork lying on his deathbed uttering the name of his beloved childhood sled.

"Fanzone"

"British...muscle...b..."



"Booze, cruise...t..."
Just a sloppy, undisciplined team.  Garbage.

--SKO, on the 2018 Chicago Cubs

Tonker

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Re: The only site I'll ever need...
« Reply #3455 on: February 09, 2016, 12:05:32 PM »
Huh, is Desipio still here?  Go figure.  It's all happening over at Slack now.
Your toilet's broken, Dave, but I fixed it.

CBStew

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Re: The only site I'll ever need...
« Reply #3456 on: February 09, 2016, 12:51:21 PM »
Quote from: PANK! on February 09, 2016, 11:22:56 AM
I'm now picturing Charles Foster Fork lying on his deathbed uttering the name of his beloved childhood sled.

"Fanzone"
I picture him uttering "Calzone".
If I had known that I was going to live this long I would have taken better care of myself.   (Plagerized from numerous other folks)

Saul Goodman

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Re: The only site I'll ever need...
« Reply #3457 on: February 09, 2016, 01:52:13 PM »
Thanks for your help, only site.

/butthurt
You two wanna go stick your wangs in a hornet's nest, it's a free country.  But how come I always gotta get sloppy seconds, huh?

Bort

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Re: The only site I'll ever need...
« Reply #3458 on: February 09, 2016, 01:58:23 PM »
Quote from: Saul Goodman on February 09, 2016, 01:52:13 PM
Thanks for your help, only site.

/butthurt

To be fair, I didn't actively mock your first world problem. That's as close to helpful as I usually manage.
"Javier Baez is the stupidest player in Cubs history next to Michael Barrett." Internet Chuck

Saul Goodman

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Re: The only site I'll ever need...
« Reply #3459 on: February 09, 2016, 02:02:17 PM »
Quote from: Bort on February 09, 2016, 01:58:23 PM
Quote from: Saul Goodman on February 09, 2016, 01:52:13 PM
Thanks for your help, only site.

/butthurt

To be fair, I didn't actively mock your first world problem. That's as close to helpful as I usually manage.

I'll take it.
You two wanna go stick your wangs in a hornet's nest, it's a free country.  But how come I always gotta get sloppy seconds, huh?

Saul Goodman

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Re: The only site I'll ever need...
« Reply #3460 on: February 16, 2016, 04:26:50 PM »
My best friend from college is getting married in the city she moved to for work:

St. Louis.

So my question is, how hard is it to access the top of the Arch, or is there a more accessible building I can jump off?
You two wanna go stick your wangs in a hornet's nest, it's a free country.  But how come I always gotta get sloppy seconds, huh?

Slaky

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Re: The only site I'll ever need...
« Reply #3461 on: February 16, 2016, 04:39:52 PM »
Quote from: Saul Goodman on February 16, 2016, 04:26:50 PM
My best friend from college is getting married in the city she moved to for work:

St. Louis.

So my question is, how hard is it to access the top of the Arch, or is there a more accessible building I can jump off?

Try killing yourself by jumping off the Purina factory or maybe into one of their food processors. Best of luck.

Quality Start Machine

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Re: The only site I'll ever need...
« Reply #3462 on: February 16, 2016, 05:02:03 PM »
Quote from: Slaky on February 16, 2016, 04:39:52 PM
Quote from: Saul Goodman on February 16, 2016, 04:26:50 PM
My best friend from college is getting married in the city she moved to for work:

St. Louis.

So my question is, how hard is it to access the top of the Arch, or is there a more accessible building I can jump off?

Try killing yourself by jumping off the Purina factory or maybe into one of their food processors. Best of luck.

Wear a "Stan Musial Was A Draft Dodger" shirt. If you're going out, go out in a blaze of glory.
TIME TO POST!

"...their lead is no longer even remotely close to insurmountable " - SKO, 7/31/16

Saul Goodman

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Re: The only site I'll ever need...
« Reply #3463 on: February 16, 2016, 05:22:27 PM »
Quote from: Median Desipio Chucklehead on February 16, 2016, 05:02:03 PM
Quote from: Slaky on February 16, 2016, 04:39:52 PM
Quote from: Saul Goodman on February 16, 2016, 04:26:50 PM
My best friend from college is getting married in the city she moved to for work:

St. Louis.

So my question is, how hard is it to access the top of the Arch, or is there a more accessible building I can jump off?

Try killing yourself by jumping off the Purina factory or maybe into one of their food processors. Best of luck.

Wear a "Stan Musial Was A Draft Dodger" shirt. If you're going out, go out in a blaze of glory.

Would "Oscar Taveras Maybe Kind of Asked For It And Also Was a Murderer" fit on a shirt?
You two wanna go stick your wangs in a hornet's nest, it's a free country.  But how come I always gotta get sloppy seconds, huh?

Yeti

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Re: The only site I'll ever need...
« Reply #3464 on: February 16, 2016, 05:55:02 PM »
Quote from: Saul Goodman on February 16, 2016, 04:26:50 PM
My best friend from college is getting married in the city she moved to for work:

St. Louis.

So my question is, how hard is it to access the top of the Arch, or is there a more accessible building I can jump off?

I was at a wedding at the Chase Park Plaza Hotel and it was fantastic... it also was a 100k+ wedding so I don't think even St Louis can fuck that up.