Archived Reminder: There is some chance I've nutted on your grandmother's tits. (SoapboxBanhammer)
submitted ago by TheBuddha
Posted by: TheBuddha
Posting time: 2 years ago on
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Archived on: 3/4/2019 10:00:00 AM
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8 upvotes, 0 downvotes (100% upvoted it)
Archived Reminder: There is some chance I've nutted on your grandmother's tits. (SoapboxBanhammer)
submitted ago by TheBuddha
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[–] TheBuddha [S] 0 points 2 points 2 points (+2|-0) ago
LOL Both my kids actually have a trust fund. If they did absolutely nothing, I'll still support them.
Their fund is equated with the initial amount they started with and they can only take out so much per month. It works out to about $900 a month. ;-)
Yup... They can do nothing if they want. They will be fucking poor and damned near homeless.
If they do NOT take it out, it gets re-invested and they can withdraw those sums out as lump sums. So, if they're smart and save their money, they'll be able to make big purchases without going into debt.
Neither kid uses it. They just let the money accrue. My daughter took some out for her house and my son used some of his while he was in college and first moved to Peru.
So, they do have a trust fund - but it's not what people think of when they think of a trust fund. EH will almost certainly have one as well. I already put some money into an emergency account for her, just in case there was some legal issues with her mother. Those funds are so she can point and say, "This belongs to me. I can financially take care of myself." That's in case she needs to go through emancipation and if something were to happen to me. A judge will award her emancipation, no questions asked. She's 16 and has enough assets to provide.
I'm probably a little more lenient than you - but I'm not so stupid as to make them not have to work for it. THAT is against everything I am. They'll need to work, if they want to remotely enjoy life. I won't let them go hungry, but they can survive on Ramen noodles.
[–] JopharVorin ago
Hell yeah, that's great! haha But you know which type I'm talking about. The thing is, it shows no religious or color barrier. They are usually all the same, though. The uppity, yuppy-types or whatever.
Have you been down there yet?
haha I have my days. I try not to be a slave driver but I expect participation in reality. I've told them over and over that we come from generations of hard-working families and that nothing good comes easy most of the time. Nothing feels better than earning it all yourself with no help.
Exactly. I tell them all the time when they complain they are hungry. I'm like: "you don't know what hungry is!".
[–] TheBuddha [S] 0 points 2 points 2 points (+2|-0) ago
I know exactly what you mean/meant. I just figured I'd take a moment to explain that my kids do have trust funds but it sure as fuck isn't what people would expect me to give them.
When I die, I'm really (percentage-wise) not actually leaving them a fuck of a lot. Most of what I'm leaving them isn't actually for them. I've set up funds that will pay for their children's college, for example. If they don't have kids, they don't get that money. It goes to the land trust. Much of what I own is deeded to a land trust.
My kids will get plenty. I'm not leaving them all of it. They don't need it. They will not be given silver spoons. (They will be given quite a bit as compared to most people, but they'll get a small percentage of the total.)
The grandkids are taken care of. There's still the farm to deal with, but I'm working (slowly) on getting that set up with the University of Maine's agricultural extension. Right now, that'd end up in probate. I haven't actually figured out what to do with that yet.
Yes, yes I've been making end-of-life plans since I retired. I don't want to leave my kids with a hassle and I don't want there to be any doubt about my wishes. Trusts... I love me some trusts. Unless the world's economy completely collapses, I'll have left behind things that will last a long time.
As for Peru? Yeah, that's actually kind of my fault.
I'd not only been to Peru, but I loved it there. I used to regale my son with tales of my trips to Peru. He was offered the chance to go on a summer project, with other students. They were getting DNA samples of endangered species. He was in university to become a biologist. He got the chance to go to Peru for that project and he jumped at the chance.
He found a native Peruvian girl. He used to lie and say he was returning to college but taking a break. He's long since stopped lying.
She's beautiful, nice, loving, has a great family, etc... I didn't get to go visit this year, but he came up twice. I've been there a few times.
My kids have been pretty poor(ish). We were lower middle-class when my daughter was young. We were upper-middle class when my kids came to live with me. However, I was constantly on the road so I had to then pay for them to have a live-in nanny, which brought us right back down to middle-class. Which is why I kept paying for my drug habit with my music!
i wasn't home much, due to work. That was true until I sold my company but that was when my son was just entering middle school and my daughter was nearing the end of high school. In fact, my daughter graduated high school while we still lived in North Carolina. She never really lived in Maine, while my son spent his formative years here.
Holy fuck, we still do gab like old ladies.