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[–] TheBuddha [S] 0 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.

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[–] JopharVorin 0 points 1 point (+1|-0) ago 

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.

I wish more people would do this. I truly do. The last thing I want is to leave my kids some fucked up mess. My wife and I have been planning for several years on end of life stuff, and we're young for such a thing. All of my land has to stay in the family. Its for future family. Anything less should be met with fire and bullets.

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.

He had to make sure, Dad.

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.

I've been all of the above before marriage. When we first started out after marriage we were kinda poor for about 7 years. Then it all started picking up. Now, I consider us lower middle class even though that is a lie because I don't want to admit that we are better off than that because of my lustful hate for most upper middle class people. lolol We know the value of a dollar. Unfortunately, we have to rub elbows with a lot of well-to-doers and out of every 20 there might be one cool one who is down-to-Earth. You can only imagine the truth I lay on their smug asses. My wife constantly digs her fingernails into my ribs but I dont care. I have no respect for someone who was born rich. None. Very few of them earn it. Disclaimer: If you're cool, you're cool. I don't give a shit what you are.

Which is why I kept paying for my drug habit with my music!

Ha! Troof!

Holy fuck, we still do gab like old ladies.

AH AH AH We always do! Good grief.

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[–] TheBuddha [S] 0 points 1 point (+1|-0) ago 

Yeah, they'll each get a chunk of land and some assets. They'll get plenty of both, enough for them to qualify as 'rich'. They won't get it all.

There are no family ties to the land or location. There are community ties to the land and location. The land will remain open and undeveloped. There are strict rules in the trust. There is logging on the property, but that is a process known as TSI and there's a finite amount they can take. That will keep the taxes paid.

So, people will still be able to hunt, fish, camp, etc... They were doing that before I owned the land. This way, their grandchildren can do the same thing. There are quite a few other land trusts in the area. For some reason, it just seems the right thing to do and people do it.

The area around the house will go to my daughter. My son wants a large chunk down the road, so he gets that. My kids will want a few of my guitars and maybe a vehicle or two. I suspect that EH will get what's left of my guitar collection after the kids pick a few out. She will take good care of them.

The missus will be taken care of. The youngest hoodlum will be taken care of. I suspect he will end up with some of the vehicles. The eldest hoodlum will be taken care of. It makes me feel comfortable to know that my loved ones will be fine. It is a contented feeling. I know they'll not have to worry about money. They will not have to wrangle shit out in court.

Hell, I don't even bother with a life insurance policy. Those are often a bitch to get to pay out in full and I can do better just investing the premiums now.

I want them to celebrate my life, not mourn my death and have a shitton of work to do.