Very good discussion.
A couple of questions?
1. How do folks deal with real estate under a mortgage. The house was bought under mine name only, not including DW. We don't plan to pay off the house for decades.
2. We don't have anyone we could burden as a trustee. Most of our net worth is POD/TOD accounts like IRA's or taxable brokerage or savings/checking accounts, except for the house and cars. Some folks have mentioned having a bank act as trustee. How is this set up? Need a lawyer? How much does this typically cost (one time cost, yearly)?
I hate this stuff!!! Investing and making $$$ is much more fun.
Thanks in advance!
FB
A couple of questions?
1. How do folks deal with real estate under a mortgage. The house was bought under mine name only, not including DW. We don't plan to pay off the house for decades.
2. We don't have anyone we could burden as a trustee. Most of our net worth is POD/TOD accounts like IRA's or taxable brokerage or savings/checking accounts, except for the house and cars. Some folks have mentioned having a bank act as trustee. How is this set up? Need a lawyer? How much does this typically cost (one time cost, yearly)?
I hate this stuff!!! Investing and making $$$ is much more fun.
Thanks in advance!
FB
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