Athough your meeting with a Living Trust/Will attorney may not end with the same question “surf or turf?” for your burial preferences, like ours did, it should happen. Yes, couples of our age and demographic should talk about “the end” and what happens after our demise.
You’ve bought the house, paid the mortgage, had the kids, bought the life insurance. Now it’s time to think what happens after “happily ever after”. Our attorney made it (somewhat) pleasant. We went through several scenarios to determine what works best for our needs. It depends on your assets. And to our surprise, Congress has made some pretty hefty changes to the “death tax” limit. Yes sir (and lady!) taxes at your death can mean 45-55% of your assets being handed over to the government instead of your survivors. If you don’t want this to happen, I suggest you too, meet with an attorney who can explain this to you, help you develop your Living Trust, and for a price, have it filed.
We opted to go see Grant Pederson, at Pederson Law Offices in Thousand Oaks. I actually remember when Grant was born. His sister is a friend from elementary school and they lived up the street from us. Now he’s all grown up and helped walk us through all the steps to make the right decisions for our family.
Not always the most pleasant of thoughts, or the most exciting thing to accomplish from your Bucket List, but believe me, knowing it’s taken care of feels better already.
Share on Facebook