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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?


To: Lane3 who wrote (9390)1/21/2006 10:38:07 AM
From: TigerPaw  Read Replies (1) | Respond to of 541272
 
Say that your dad came up with the world's best burger and had a restaurant in the old neighborhood all is life.

Either the restaurant was only good because of dear old Dad's influence, or the restaurant will remain in the neighborhood under new ownership. They might want to hire you as host just for the name. You always have the option of starting the way Dad did.

As to the Picaso, if you can't afford the painting then you probably can't afford the insurance. If you can, you keep it.

Imagine that your Dad worked for a company that had a great annual picknic and you really liked attending. After he passes on do you expect to go (assuming you don't work there yourself?). It really doesn't matter how much you enjoyed it in the first place.

In most cases, if the estate is planned with any care then usually the asset can be retained, perhaps with a mortgage.

TP



To: Lane3 who wrote (9390)1/23/2006 5:13:32 PM
From: TimF  Respond to of 541272
 
Say that your dad came up with the world's best burger and had a restaurant in the old neighborhood all is life. Say you have to shut it down because you can't find a buyer since it's a low earning business and you can't afford the taxes, either. Do you think that's fair to the neighborhood? To its employees?

Or to your dad, who can not dispose of his assets as he wishes because the government comes in and grabs them. Or to you, who may have helped establish the business, who gets your father's legacy stolen by the government...