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Personal Finance and Investing

PoindexterOglethorpe

(26,730 posts)

17. That may likewise be true.

Reply to progree (Reply #16)

Tue Dec 17, 2019, 06:22 PM

Dec 2019

Too many people don't have a will in the first place. Even a simple one should be written by an attorney. And don't just find one by looking through the yellow pages. Ask people you know if they have a will and who did it for them.

This goes even more if you're going to set up a trust. You really, really need that done right. And a trust will cost more than a simple will. But it's worth it. I know.

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17 replies

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Man, the Social Security laws are written to screw you if [View all] sinkingfeeling Dec 2019 OP

Good lord,I was completely unaware of this type of thing. virgogal Dec 2019 #1

Since this was a non recurring event can you appeal and have it lowered for 2021, badhair77 Dec 2019 #2

It will go back to whatever 2021 premium will be based on this sinkingfeeling Dec 2019 #3

I wonder if that applies to those over 70.5 Sherman A1 Dec 2019 #4

If those RMDs raise your income above $87,000 (single) or sinkingfeeling Dec 2019 #5

I should be well under those numbers, but it still sucks Sherman A1 Dec 2019 #6

not at all a tax or estate planning expert, but i thought the estate pays all taxes unblock Dec 2019 #7

I think unblock is right. Though I'm not a tax person either, so get expert advice... Pobeka Dec 2019 #8

ss routinely cheats other groups of ppl as well nt msongs Dec 2019 #9

Not SS, but our past congresses and presidents KPN Dec 2019 #13

Medicare premium surcharges is one of the stealth taxes that go up as AGI goes up progree Dec 2019 #10

I had no IRA to roll the cashed out one into. I also was already sinkingfeeling Dec 2019 #11

A person can be retired with no IRA and get a BDA-IRA set up. progree Dec 2019 #12

The problem seems to be that your sister's trust required you to cash in her IRA. PoindexterOglethorpe Dec 2019 #14

You are correct. sinkingfeeling Dec 2019 #15

Why would any competent estate attorney write a trust that REQUIRES the liquidation of an progree Dec 2019 #16

That may likewise be true. PoindexterOglethorpe Dec 2019 #17