SHOULD I TRUST YOU?

From: Meridian, ID:

Have I mentioned that Janet and I attended a free presentation about “Trusts” a couple of months ago? It was put on by a lady lawyer in Boise…one who specializes in what I assume may be a relatively new “niche” in the practice of law, i.e., “Elder Law.” We heard the terms “revocable trust,” “irrevocable trust,” inheritance trust,” etc., etc. I suppose there was some attempt on her part to actually explain the terms she was using, but if she did…well, let’s just say it didn’t sink in much for me. What it did do for me – and Jan, too, I think – was make us realize that we had to be very, very careful driving home, as we could…not…afford to suddenly leave this world. Not with our “estate” in such a mess!

Now I should explain that we have, indeed, had a Last Will and Testament. Oh, sure, it might have been a little out of date. (It still had directions as to who was to take over raising our boys…both of whom are now in their forties. Nevertheless, we could comfort ourselves to some extent with the Will on file proving that we were both modern, conscientious, organized people. Unfortunately, we learned (from the lawyer) that we were badly self-delusional.

Those who attended the seminar – perhaps 15 or 16 of us – were promised a free consultation (one hour) with the lawyer, in the event we wanted to learn more about how woefully unprepared we were for the day we would “move on.” Free is good, no? So we set up the appointment.

Naturally – and to no one’s surprise, I’m sure – we opted to get ourselves out of the mess our estate was in. Without going into the nitty-gritty details, let me just say that using an actual lawyer to help one in the establishing of trusts can be a bit expensive. (The upside? Afterwards, there is a lot less “estate” to worry about than there was before.) I’m now told that there are any number of products/programs out there that allow one to do most of the work on his/her own. If I were to do it over again, I would certainly look into one or more of those programs.

Anyhow, the whole point of bringing up the fact of our recent legal doings was to permit me to comment on the mess that has been created in our home office. Oh, our “living trust” has been created; it now exists. But actually putting things (property, money) into it…well, that’s another matter, and that process is what has been generating the unwanted paperwork around here.

For one thing, every financial institution and every governmental entity appears to have its very own system – and forms…mustn’t forget the forms – for “paid on death” beneficiaries, i.e., where does the money/property go if/when the owners (Bud and Jan) die? It often doesn’t work out to be as simple as it sounds. For example, our membership in WorldMark (a vacation resort kind of company) is, in a sense, real property. That is, we were told that our ownership could be handed down to our boys. But when we sent them a request regarding that transfer through the Trust we had created, they explained that the change in ownership (to said Trust) would incur a processing fee. Sheesh! I called the office, explaining that our membership was not really changing hands…but I was unable to make them see my point. Whoosh…another reduction in the “estate.”

Thankfully, that outfit has been the only one to charge us for doing what we needed to accomplish. And we are making progress getting through the list. (Bank, credit union, brokerage, home insurance, life insurance, government life insurance, etc.)

Again, we are definitely making progress…although a neutral observer may question that statement after a casual glance in our office.

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The BSU boys in blue (and black, or gray, or white, or various combinations of those colors depending on the specific game) managed a win against Nevada Reno this past Saturday. It was my kind of game during the first half, for sure. There were a couple of occasions where, no kidding, I felt a twinge of sympathy for the hopelessly outclassed Wolfpack players. And then came the second half. Without getting into the play-by-play details, suffice to say that with only a couple of minutes left in the game, the Reno guys could win with just one more touchdown. Luck was with BSU…time ran out before Reno got the ball again. Whew!

Once again, I was congratulating myself for not betting on the Broncos…they failed to cover the 8.5-point “spread.” I made a comment afterwards that I thought that failure was typical of the season…I honestly couldn’t remember a previous game (this season) when BSU had beaten the Vegas “line” on the game. Nephew Bradley was of the opinion that it had happened more often than not. Sooo, in order to put the youngster in his place, I endeavored to find the answer. Turns out, such information is available online (now there’s a surprise, eh?). Go to: http://www.predictem.com/cfb/ats-records.php In this instance, where I thought the stats were lopsided one way and Brad believed them lopsided the other way…we were both just as correct, and both just as wrong. BSU had covered the spread exactly half of the 12 games they played this season. Proving once again that both sides debating an issue often have conflicting – and somewhat skewed – memories of the facts.

As far as BSU is concerned, the forecasts are now official. The Broncos will play, once again, in the MAACO Bowl in Las Vegas. December 22nd is the date; the Huskies of the University of Washington will be the opponent. (As of this morning, Las Vegas had no “spread” posted, but I would imagine the game will be called pretty close to even money. Maybe with the Huskies being slightly favored.) It will be kind of a preview for our first game next season, which will be, again, against the Huskies. We should be in pretty good shape with regard to losing senior players before next year. I think junior running back Jay Ajayi will do a better job than senior DJ Harper did this season (and he did pretty well); junior Quarterback Joe Southwick improved steadily through the season, and should be ready to excel next year; Matt Miller has developed into one heck of a receiver over the past couple of years, and I’m really, really glad he will be playing again next year. I think we will beat Washington in the MAACO Bowl, and probably beat them again next year in the season opener.

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I had promised myself after the election that I was going to stay away from politics in the Blather. Too many friends and family readers tend to the sinister (in the Latin sense) side of the political spectrum and, besides, I am still resentful of the outcome in the presidential race. Nevertheless, I can’t avoid sharing when I find a joke, a picture, or a more serious essay that seems to perfectly illustrate a political issue. Imagine my delight, then, when this morning I found a blogger who seems to do just that. Therefore, I’m including a link to one of this fellow’s blogs from last spring, The Tax System Explained in Beer. If you choose to read it, click on a few of his other archived links while you’re there; I spent nearly an hour doing just that…and found many gems. (Obviously, since he and I are political brothers.) And, yes, I have subscribed to Mr. Mitchell’s blog. Oh…if you do go there, you might want to click on the PC Parable of the Ant and the Grasshopper…it is very good, also.

Finally, despite the fact this, too, is rather politically based humor, I have to include one that was forwarded to me just this morning from Montana. Honestly, now, I’m not doing it politically…I just love the picture of the bear, patiently waiting. This was the accompanying text:

(A Democratic Bear)

This is a very sad story about a bear… Everybody should heed the warnings not to feed wildlife because they become dependent and don’t forage for themselves any longer. It is such a tragedy to see what has been done to our country’s wildlife. The photo to the left captures a disturbing trend that is beginning to affect U.S. wildlife.

Animals that formerly were self-sufficient are now showing signs of belonging to the Democratic Party. They have apparently learned to just sit and wait for the government to step in and provide for their care and sustenance.

This photo is of a black bear in Montana turned Democrat. He is nicknamed Bearack Obearma. It is believed that he has become a campground organizer.

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We had a nice day today, weather-wise. I’m sorry I didn’t go fishing. In accordance with my theory that tomorrow’s weather will be pretty much just like today’s, I am heading to the store now to buy worms and get gasoline for the truck. I will fish tomorrow!

I hope you do, as well. Or, if not, I hope what you choose to do is as much fun as fishing. (Wait a minute…how could that be?)

Bud

8 Responses

  1. Evan says:

    Laughed hard at the “Democratic Bear”!!

    BSU really needs to win the MAACO Bowl!!

    (:(:(:(:(:(:(:(:(:(:(:(:(:(:

  2. janet says:

    Now, Evan, don’t let that “resentful” Grandpa to influence you politically. He doesn’t know from where he speaks. :-)
    Love, Gramma!!!!!

  3. Ron Karp says:

    Where is the “like” button on your blog? I wanted to like Janet’s comment to Evan.. lol

  4. Stephanie says:

    Your writing about trusts makes me think that Jason and I really ought to get our affairs in better order–we haven’t actually named someone to take care of the girls, but figure that people on the farm will occasionally check in on them ;)

    And though I am probably closer to the people-fed bears than the wild ones, that bear joke is pretty funny. Quite clever, indeed. Funny enough to make Jason come over to the computer to read it!

    • Bud Larson says:

      Hi Steph, I love it! In fact, the girls probably would do just fine with just an occasional “checking in on them.” I’ve always felt that kids are a LOT smarter and self-reliant than some of us give them credit for.
      But if you do elect to look into trusts and/or wills, be sure to check on what’s available in the way of DIY programs. Good luck with it. Love ya, Uncle Bud

  5. Jane says:

    I loved that bear photo and the accompanying text!!

    • Bud Larson says:

      Hi Sis, Yeah, the bear story was a good one. Deanna’s cousin, Sam, sent it to me. (Not sure where he got it.)

      Brother Bud

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