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To: Eva who wrote (8599)	5/24/2004 3:00:14 PM
From: Little Joe	Read Replies (1) \| Respond to of 313012

You need a good estate planning attorney. There is no reason why your children should have to pay your debt. :) Little joe

To: Eva who wrote (8599)	5/24/2004 10:30:47 PM
From: russet	Read Replies (1) \| Respond to of 313012

My views are ideal ones,...very hard to have 100% success. Most of them suggest living life to the fullest, and enjoying yourself. Investing/gambling is fun, but should not become an obsession. The one point you seem to be emphasizing is the dying in great debt,...this is very difficult to do for most people. I unfortunately have seen many of my friends and family die far too early of one disease or another. some of these people worked hard to spend like crazy in the prelude to the end, but most still do not die penniless. Deteriorating health stopped most of them, but also most have life insurance policies (company or otherwise) that pay off their spending sprees, with money to spare. There are lots of ways to stop your children from being financially affected by a die penniless strategy. Rules are different from province to province,...so you must seek competent legal and accounting advice. In many cases you can transfer most of your wealth to the kids in the final years, but your banks etc., will be watching you closely as you age so it will be very difficult to die making them bagholders to a large debt. Credit card companies reduce borrowing limits as you get older, banks reduce lending limits,...they unfortunately are wise to the book that was mentioned by another reader. I have also seen another extreme where dying people who have hoarded all their life, giving up simple pleasures and the wonders of the world,... and their heirs find gold bars, money in mattresses and the like. It is important to find a good balance,...to ensure all your needs are met, security is present, but your dreams are satisfied and you get to see the marvels of the world.