Archive for the ‘Personal Finance’ Category
I will be living in china for a year, and want to know a quick, safe, cheap to free method of transferring money over from my bank account when I am there.
The only thing i have though of is putting it on paypal , and using paypal to transfer it to my new bank account i will have in china, does this work? any other ideas?
Pamela Waddles
My father had a basic outpatient surgery, complications followed, with a heart attack, then stroke and then life support, this left dad hospitalized for 8 months. Because he lived out of state he had a close friend of the family help him write his bills as she did for years, dad suffered from horrible arthritis and writing was not legible.. He rec’d soc. sec checks while in the hospital, the lady signed his checks as usual and deposited them in to the account, 8 months worth, dad dies, without a living will, who gets the money?
Angel
After someone gets a will or living trust done, where is it held? For example, does the person of the trust usually keep it in their home or safe deposit box? Or do they give it to someone just in case? Or does a lawyer usually hold on to it, but then how would they know if their client has passed on and now they need to execute the will?
I’m thinking it has to be somewhere where it can be found if not with a lawyer. So it can’t be in a safe deposit box since no one might know about it. I guess leave it somewhere where it could be found?
Charlsie Laperouse
I will be moving from Gainesville, Florida to Los Angeles and currently make $10/hour. I will be transferring within the same company just to a different location obviously. So I’m wondering if your pay is increased to accommodate for the difference. I’ve never lived outside of Florida so I’m not sure how that works.
Florinda Godfrey
My wife and I are in the process of estate planning. We talked with 2 different lawyers and have 2 different pieces of legal advise:
~1: Establish a Living Revocable Trust. This allows you to avoid probate on assets that do not have beneficiary designations.
~2: Use a Will. Your major accounts and home will pass to your spouse if you ensure the beneficiary designation forms/titles are on file with the correct information. True, any personal property (not held jointly) without a beneficiary may go through probate, but that will be a small portion of your assets.
My question is this: If a couple has a living revolvable trust, one or both of the spouses pass away, is it advisable to have legal council to execute the trust?
The way things are being presented, the Trust is a large upfront cost with no back end costs. The Will is a small upfront cost but a large back end cost.
I am curious if the Trust is a large upfront cost and has significant costs on the back end too.
Cory Bieker









