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NatureGuy77 · 56-60, M
Diotrephes · 70-79, M
@NatureGuy77
Hire an accountant, attorney and investment advisor.
And they would end up with your money.
NatureGuy77 · 56-60, M
@Diotrephes Nope. They'd get a portion for preventing others from getting it.
Diotrephes · 70-79, M
@NatureGuy77
You are a fully grown adult who has been managing his money for decades. You may have done lousy job so you should know all of the things you shouldn't do. Your spouse gets half. But if you have kids you can divide it up so that each person gets an equal share. That way there is no arguing about money in the family and each family member can spend his/her share
as desired.
The most important thing is to have a budget so if you want the money to last 240 months or 400 months you create the budget for that length of time. Good bank CDs may not make you rich but they are safe and will provide a steady safe income.
Remember, if you buy an expensive house your survivors may not want it or be able to afford it, even if it's paid for. If you want to give money away then set up college funds for the kids in the family. Don't give the money to strangers. If yo have a lot of cash you can give each person $18,000 a year tax free. The total amount counts against your estate. So, for instance, you could give 100 people $18,000 a year and only be out $1,800,000 for the year. Do you know 100 people?
Nope. They'd get a portion for preventing others from getting it.
You are a fully grown adult who has been managing his money for decades. You may have done lousy job so you should know all of the things you shouldn't do. Your spouse gets half. But if you have kids you can divide it up so that each person gets an equal share. That way there is no arguing about money in the family and each family member can spend his/her share
as desired.
The most important thing is to have a budget so if you want the money to last 240 months or 400 months you create the budget for that length of time. Good bank CDs may not make you rich but they are safe and will provide a steady safe income.
Remember, if you buy an expensive house your survivors may not want it or be able to afford it, even if it's paid for. If you want to give money away then set up college funds for the kids in the family. Don't give the money to strangers. If yo have a lot of cash you can give each person $18,000 a year tax free. The total amount counts against your estate. So, for instance, you could give 100 people $18,000 a year and only be out $1,800,000 for the year. Do you know 100 people?