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RE: I am an Executor; LADIES of HIVE #223

I didn't expect anything less from you but having this all in order. I admire your strength to get all this stuff done while being a single mother and have your own health issues to deal with.

These things have been on our list for a few years but slowly we're checking things of the list that take much longer than expected/wanted, such as lowering our taxes a lot since a few months, and I'm sure somewhere this year, we will make time to discuss what we want and ask advice on how to set up all these documents for our family.

I'm not looking forward to it because it also comes with some difficult things to take into account which will make it more painful to work through.

Anyway, you can have peace of mind in your situation in terms of leaving things behind, good job sis! !LUV !LADY !PIMP

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This is a case when no one wants to see in their future. it is something we need to prepare for that eventuality, if it is difficult for you now then the choices would more difficult to your family. I find this as a way of caring for our loved ones that we leave behind. While my Mom and I don't always agree on things, I knew by the end of the day she still cared for my well being.

I'm fortunate to have knowledgeable friends to rely on for resources. And with a basic plan reasonably in place I often teach and advise my sons on what to do with my assets when I pass them on. For example my eldest son may need equity for a business loan, say $100K, he can put the family gold up as collateral to buy into that business without losing control of owning the gold. No capital gains tax is triggered in the sale of the gold. The cash borrowed interest is tax deductible as long as there is a decent cash flow. Sweet!

There is so much ground I can cover.
It can get overwhelming and emotional.
Keep it simple.
One step at a time.
!LADY

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@kerrislravenhill, you successfully shared 0.0100 LOH with @thisismylife and you earned 0.0100 LOH as tips. (1/30 calls)

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