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Strategies & Market Trends : Retirement - Now what? -- Ignore unavailable to you. Want to Upgrade?

To: deeno who wrote (174)	6/6/2007 4:14:11 PM
From: Drygulch Dan	Read Replies (1) \| Respond to of 288

Deeno - I sorta let this comment of yours slide, the first time, "stop being so cheap and pay for a good lawyer" but then you started lambasting me for talking to what I thought was a "good lawyer" who charged in the neighborhood of your estimated range. I appreciated the guys honesty. However I was concerned that he might go before me, due to a case that appeared to me to be morbid obesity. So I concluded his was an empty promise. That his being there to help my wife should I pass on first might be a survival contest I might lose by winning. Out of this came the realization that a good estate plan requires participation of all parties involved, not just the planner. Successor trustee and final beneficiaries need to be aware of their roles and actions required, trained and prepared. How to pull this off is rather personal, but something that needs preparation besides all the paperwork. Training a spouse and training a beneficiary are crucial steps in my estimation. Secondary to this realization is that I really should plan for simplifying our estate as time allows. Eliminating some of the complexity is probably a good step to help the beneficiaries in not getting bogged down in dealing with things that are of no interest to them so sell off some of the more esoteric assets. Now the question is when to let go of these jewels. One man's jewel is another's junk so to speak. This is probably the hardest aspect of the process for me. A person takes a life time in the accumulation of an estate. He sees things that others miss in each tangible piece. Much like the painter sees the painting before he's painted it. Selling off the unfinished work is a bitter pill to swallow.