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Estate Closing

I got papers from the court and the attorney that the Court is ordering the Estate to be closed and I am to be appointed as sole Trustee of the Estate. There is not going to be much money in it as the attorney have eaten up a third of it. Believe me, get a Revocable Living Trust made and keep it safe. A trust does not have to go through Probate Court and that's when the attorneys eat up the money with revewis and fileing papers and calls and emails. Shit you might as well give them 50% and walk away happy. I hate attorneys and I hate politicians because most of them are lawyers. Fuck, we can win.
Anyway, I'm going to invest the money in my nieces trust, with her permission, in my business. Of course, since it's a family business, she'll have a vested interest in the company if she wishes. If she doesn't we are going to pay her 10% per year on her loan. I'd like to see a bank match that rate.
When I die she'll be the Trustee of my Estate so she'll have charge of every thing I own and she know that to get anything out of my trust she must put money into it. Her investment in our company will only make more money for the trust and the True benificiaries are my grand, great grand children and nieces and nephews and she know that.


General Category: Client's Experiences
Current mood: accomplished
Added on: 08/24/10 22:15


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