paying taxes when you're in the grave, no f'en wonder people hate the government
|
|
|
Coronavirus
- Thread starter nobbie48
- Start date
- Status
Mad Mike
Well-known member
It's best to talk about getting joined on your elder's accounts. Joint accounts pass control to the survivor without probate. POA access dies with the account holder meaning all access is to existing accounts is cut off when the bank is notified of the owners passing, they stay there until the estate passes thru probate.
Almost every older person I know would decline this option of joining. All to do with independence and risk assessment.
My grandfather, god rest his soul, would now agree with not giving up assets to children
And once they dont really care anymore, well, often they cannot consent to it.
Mad Mike
Well-known member
True about locating accounts - make a list and if there are more banks and accounts than necessary, consolidate things now. Bank accounts, investment accounts, bill payment accounts, IOUs, and secret stash locations.
Keep a list of passwords in a secret place (remember passwords to bank accounts die with the owner -- so be sure the get to the bank before the bank is aware).
Mad Mike
Well-known member
He has a lot of friends. Some of them own their own countries.
Green Meenie
Well-known member
Perhaps he's just not good with math. You know; five thirds of people aren't good at math!
It’s not his money, and our allocations are going to other countries....iron clad contracts is what we have here folks. Iron clad....
Mad Mike
Well-known member
I don't think it's fractions that challenge him.
40million jabs needed, lets order 400million ordered.
He made the same math error on the deficit. 35billion planed, so we can blow 350billion, right?.
As much as I think he was a moron, I am ok with some of the math error. When the PO's were being issued, we didn't know which vaccines would succeed nor the speed they would be produced so he bought enough of each to do the whole country. Not cost-effective, but if he hadn't purchased the one that worked, he would have been raked over the coals.
Now, why did he buy 20M more doses of Pfizer last week? Frigged if I know, he's a moron. Apparently the orders in for 40M of the low volume syringes so theres another giant unnecessary expense (and 20% profit bump for Pfizer). Fack. Loser. He literally has trouble spending money as fast as he can print it and he has the printing presses of an entire country.
and the hits keep on coming
torontosun.com
LILLEY: Trudeau MIA amid news of further vaccine delays
When the going gets tough, Justin Trudeau goes into hiding.
torontosun.com
Not surprised. The man baby only shows his face when he is announcing new spending.and the hits keep on coming
LILLEY: Trudeau MIA amid news of further vaccine delays
When the going gets tough, Justin Trudeau goes into hiding.
This. And a good lawyer. When my mother died my parent's lawyer put me with their junior partner that specialized in probate. He found bank accounts belonging to my father that were dormant since he died that my mother knew nothing about. Last time I saw him I cut him his cheque. I looked at it and smiled. The money he found far exceeded the number on the cheque, so he had earned it. It was all done in 2 1/2 months, which was a surprise as well.
I don't know about that advice. If you know the account is to be frozen and access it after the holders death but prior to them freezing it, that could be a grey area type of fraud.
It isn't my estate but the acquaintance had hinted he might ask me to be the executor. While an executor gets a few percent (Max 5% IIRC) and on a large estate it could be a decent amount there is a catch. The executor is responsible for seeing that all debts are paid.
If he errs he could be out of pocket down the road when the courts make an unexpected judgement.
Add to the problem the acquaintance doesn't like paying for legal advice but instead goes to people that have never been to court on family matters. There are no guarantees.
In my case I have no interest in studying law and being jerked around by greedy angry people.
Haha. I am the executor for an elderly relative that hopes to have zero money when he dies but the estate is spread across three separate countries (at least two of which require you to be in the country to fulfill executor duties). Thankfully they have left contacts in each country for a trusted lawyer that can handle the details for each country and once anything left is repatriated, then it is a simple canadian estate with some cash (or nothing which is even simpler).
For Canada, a non resident executor has to post a bond 2X the value of the estate. There are only one or two firms that offer the service and they can't be forced to take a policy. If they smell anything fishy, a challenge or weird character in the family it's off the table.
THIS^
Some people don't like to talk about their wills because it makes them face their mortality.
Some don't like to talk about wills because they have to admit to errors they may have made in their lives. Previous marriages, affairs and illegitimate children are touchy subjects.
Sometimes people live beyond their means and look rich but have to admit they've been living a lie. Or it could be the opposite. They had serious dough but hid it and leached off others, never picking up part of the tab.
Then there is the final service. What do they want, traditional burial, cremation or some alternate custom. You can't un-cremate someone.
If a person loves their family they will not put them through the anguish of hidden realities.
Incoming travellers will face mandatory hotel quarantine while they await COVID tests: Trudeau
Air travellers entering Canada will now be forced into mandatory hotel quarantine at their expense to await results of a COVID test, Trudeau says
nationalpost.com
praise jesus
Incoming travellers will face mandatory hotel quarantine while they await COVID tests: Trudeau
Air travellers entering Canada will now be forced into mandatory hotel quarantine at their expense to await results of a COVID test, Trudeau says
praise jesus
No March break for the idiots!
Look at New Zealand..they are starting to have concerts again. Let’s throttle this thing once and for all and get back to normal sooner.
well, then i read the small print.
3 days hotel quarantine pending negative test result. then you can finish at home.
right, tell someone who just got a negative result to stay home for 11 more days. what a bunch of clowns.
- Status
|
|
|
|
|