I and my fiance are trustees.

are you trying to make us feel bad or something

We have a revocable living trust at the moment.

@laurentia , I'm pointing out the absurdisty of the premise.

I'm on my cell phone waiting on my fiance. I just finished up work. That's why.

wow those sure is a nice story

How's it a story. Your dad works in economics. Surely he taught you about living trusts.

It's a way to bypass how wills have to be authenticated in court.

its a story because its the internet
anybody can say they're anybody

Do you agree there are things called living trusts, @laurentia ?

i'm not saying you're wrong
i'm saying that you can say anything on the internet and we cant tell if its true or not

So, why would it be unreasonable to believe someone online has a trust?

i'm saying you can say you're anyone on the internet

besides even if lets say everything you've said is true it really doesnt affect me

I believe in estate planning, by the way, so I believe everyone should think about these things.

Right now rayn is making a good argument for finance seizure

<:HammerAndSickle:575369911690461207>

ok danny

Technically, everyone has an estate and a default will. I believe people should think about living trusts for their assets, otherwise, what's in a will can be eaten up in court cost.

My father made sure to drill estate planning into my head.

alright good for you i guess

wow danny i'm sure thats an entirely true story

I'm just answering the question to what happens to my wealth when I die. The name of my accounts is currently the name of my trust. The goal is for the beneficiaries to be our kids.

There are no kids, right now, and currently we are the only trustees.

When you die the money can go to yourself

I meet a lot of children of the rich whenever I travel to Central America

Nope, because we are working out who would be the trustee and the stipulations.

They'll spend their youth traveling around the world like beatniks

And just wait for their parents to die

They would need to ask the trustee to allocate the money.

So they can live of their inheritance

They can't because they only get what the trustee can legally give them based on what we said.

They get no money?

This is why you do trust and not wills, lol

We are still working out the finances.

Me and my fiance are thinking about social causes.

Like small bits go to make our future kids comfortable

The rest goes into investing into what we were for while alive