Text 15422, 97 rader
Skriven 2005-09-16 21:17:15 av Ed Hulett (1:123/789.0)
  Kommentar till text 15353 av Darryl Perry (1:106/324)
Ärende: MORE BAD NEWS FOR DEMOCRA
=================================
Darryl Perry -> Ed Hulett wrote:
 DP> On 09-15-05, Ed Hulett said...

 EH>> VERN HUMPHREY -> ED HULETT wrote:
 VH>>>>> He should have been married to my wife -- she stays on my back all
 VH>>>>> time about estate planning and wills.

 EH>>>> The good friend of mine who is teaching in China went through some
difficult
 EH>>>> when his wife died of cancer. Her parents have oil on their land in and
 EH>>>> they would give each of their children part of the royalties. They p
into
 EH>>>> children's name only. When my friend tried to cash them in he had to
send th
 EH>>>> a death certiificate, a copy of his wedding license, and a afidavit
prove
 EH>>>> lived here in Washington state so they wouldn't take 60 of it and pa
the st
 EH>>>> the financial institute was in. Since it was quiite a large sum, he
didn't w
 EH>>>> that state to get anything.

 EH>>>> He has since setup his estate in a trust to make sure that when he's
gone hi
 EH>>>> children don't have any difficulties.

 VH>>> Very wise, indeed.  There are some real horror stories about what
 VH>>> happens to a large estate when the government gets its hands on
 DP> it.

 EH>> And the left think it is evil of someone to want to pass on their hard
ear
 EH>> money to their children.

 DP> It is amazing to me how people like yourself can see only one side of the
 DP> issues.  You think that the left wants to take your money and give it to
 DP> special government projects.  But you forget about a recent highway bill
that
 DP> was passed by the president this summer.

I haven't forgot anything, Darryl. I am upset with the Republicans over that
highway bill.

 DP> This is the biggest bloated bill
 DP> to come by in a long time, with over 6000 special projects for various
 DP> special government interests.  As all the conservatives like to gloat over
 DP> in this echo, they now have control of the executive and the legislative
 DP> branches of government, so we can safely say that the responsibility for
 DP> much more of our tax dollars going to special government interests falls
 DP> squarely in their laps.

No, it falls on the laps of the Republican majority in congress, not the
various individuals who may have voted for them.

 EH>> My friend is a good example of the "millionaire next door." He and his
wif
 EH>> worked hard and not only raised their own 5 children, but 12 foster
childr
 EH>> as well. They invest wisely and after 30+ years, they have built a large
n
 EH>> egg to retire on.  Unfortunately, his wife didn't survive long enough to
e
 EH>> retirement.

 EH>> Every bit of money they accrued is through either their hard work or, as
w
 EH>> his wife's oil money, is from sale of property.

 EH>> He doesn't drive a fancy car. He doesn't wear expensive watches or
jewlery
 EH>> doesn't throw money around to impress anyone. All he asks is that he can
p
 EH>> on the fruits of his labors that are left when he dies to his children.
Bu
 EH>> if the local, state and federal governments had their way, his estate
woul
 EH>> used to finance some worthless government project and the left claims he
 EH>> didn't pay his fair share.

 DP> If this couple is so good with managing their assets, then they should
also
 DP> know the various ways of passing it on to their children without it going
to
 DP> the government.  Trust funds and corporations and limited partnerships
come
 DP> to mind.

Don't you worry your little head with what they have or have not done. My
friend has all that taken care of. What I am saying is that they shouldn't have
to do that, the government has already taxed that money and it should not be
taxed again just because they were frugal with their money and left some for
their children.

Ed

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