Text 15353, 70 rader
Skriven 2005-09-16 09:53:00 av Darryl Perry (1:106/324)
     Kommentar till en text av Ed Hulett
Ärende: Re: MORE BAD NEWS FOR DEMOCRA
=====================================
On 09-15-05, Ed Hulett said...
 
EH> VERN HUMPHREY -> ED HULETT wrote:
EH>  VH>>> He should have been married to my wife -- she stays on my back all 
EH>  VH>>> time about estate planning and wills.
EH> 
EH>  EH>> The good friend of mine who is teaching in China went through some 
EH> difficult
EH>  EH>> when his wife died of cancer. Her parents have oil on their land in 
EH> and
EH>  EH>> they would give each of their children part of the royalties. They p
EH> into
EH>  EH>> children's name only. When my friend tried to cash them in he had to
EH> send th
EH>  EH>> a death certiificate, a copy of his wedding license, and a afidavit 
EH> prove
EH>  EH>> lived here in Washington state so they wouldn't take 60 of it and pa
EH> the st
EH>  EH>> the financial institute was in. Since it was quiite a large sum, he 
EH> didn't w
EH>  EH>> that state to get anything.
EH> 
EH>  EH>> He has since setup his estate in a trust to make sure that when he's
EH> gone hi
EH>  EH>> children don't have any difficulties.
EH> 
EH>  VH> Very wise, indeed.  There are some real horror stories about what
EH>  VH> happens to a large estate when the government gets its hands on it.
EH> 
EH> And the left think it is evil of someone to want to pass on their hard ear
EH> money to their children.

It is amazing to me how people like yourself can see only one side of the
issues.  You think that the left wants to take your money and give it to
special government projects.  But you forget about a recent highway bill that
was passed by the president this summer.  This is the biggest bloated bill
to come by in a long time, with over 6000 special projects for various
special government interests.  As all the conservatives like to gloat over
in this echo, they now have control of the executive and the legislative
branches of government, so we can safely say that the responsibility for
much more of our tax dollars going to special government interests falls
squarely in their laps.

EH> My friend is a good example of the "millionaire next door." He and his wif
EH> worked hard and not only raised their own 5 children, but 12 foster childr
EH> as well. They invest wisely and after 30+ years, they have built a large n
EH> egg to retire on.  Unfortunately, his wife didn't survive long enough to e
EH> retirement.
EH> 
EH> Every bit of money they accrued is through either their hard work or, as w
EH> his wife's oil money, is from sale of property.
EH> 
EH> He doesn't drive a fancy car. He doesn't wear expensive watches or jewlery
EH> doesn't throw money around to impress anyone. All he asks is that he can p
EH> on the fruits of his labors that are left when he dies to his children. Bu
EH> if the local, state and federal governments had their way, his estate woul
EH> used to finance some worthless government project and the left claims he 
EH> didn't pay his fair share.

If this couple is so good with managing their assets, then they should also
know the various ways of passing it on to their children without it going to
the government.  Trust funds and corporations and limited partnerships come
to mind.

Gryphon, aka Darryl Perry
Sysop of Cyberia BBS, Kingwood, TX.
telnet://cyberia.darktech.org

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