01
May
10

So Many Things to Do. . .

A week ago Monday, we spent more than 2 hours with our attorney, figuring out a basic plan for our estate. This was the first time I’d met Mr. GoodLawyer, Esquire, and he turned out to be kind, funny, and knowledgeable. Brian has been doing business with him (usually by phone/e-mail) for more than 12 years, but it was only the 2nd time they’d met in person.

The whole business of planning one’s estate seems as if it should be a bit of a downer, which is probably why we’d put it off for so long. But there is so much to cover, and we did it with laughter, so it really wasn’t too onerous. Mostly, we’ve come to recognize that without children, we are planning for our (well, actually Brian’s) old age. We have enough to make it worth the time to do the living trust model, but not really enough to worry too much about tax planning after I’m gone. Of course, as we (and the lawyer) pointed out, there’s a major, legitimate assumption that I will go first, but it is always possible that Brian will step out the door and get hit by a bus, blah, blah, blah.

So we’re on to the business of figuring out fiduciaries and heirs. About the only thing I didn’t like hearing is that there is no good way to provide for the animals. Brian and I have friends who have said they will take Robin, and we figured that we would leave them a certain amount of money with which to take care of him (and likewise with the cats, but different people).

Mr. GoodLawyer pointed out that although you can say what a bequest is intended for, there’s no way to enforce that it is actually used for that. So in his grim world, you leave the money to the Humane Society, and request that they use it to take care of the animals until they are adopted – but there’s no guarantee that the Humane Society will do *that*, either. Also, and this makes more sense to me, by the time both of us are dead, whoever is left will probably have a whole different set of animals, anyway. Since I might live another 10 years, and Brian presumably has another 20+, Robin, April, and Jeremy will probably be long gone, and our neighbors who love Robin and will take him might not even like Rex (or King, or Lassie, or whoever).

The good thing is that living trusts are amendable, so we will provide for Robin and the cats, and change the terms of the trust if necessary down the road. In *our* world, our neighbors *do* love Robin and will take him and use any money we provide for taking care of him; as will the family who will take the cats.

And in the meantime, we need to think about heirs (not making them, fortunately, merely deciding. . .)

p.s. Schrödinger is signed up for the Making Strides Against Breast Cancer walk on May 8, 2010. This is a link to the main page. For the Schrödinger team, here is the specific link: Schrödinger. In addition to myself, there are at least three other people in the Portland office who have had family members with cancer that I know of. Although this is a breast cancer walk, please donate or walk in honor of all Schrödinger employees and their families who have had to deal with this devastating disease, whether it was breast cancer or some other type of cancer.

Brian and Robin will be walking with the group; and I will at least be at the starting/ending point, and will walk if I have the energy. Since I’ll be in the middle of my most recent round of chemo, I’m not sure what my activity level will be up to – most days in the middle/end of the chemo cycle, I have trouble with more than a couple trips up and down stairs. I might have to kick somebody’s baby out of their jogging stroller if I get out on the route and find I can’t make it the whole way ;-}

Advertisements

0 Responses to “So Many Things to Do. . .”



  1. Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


Post archive

May 2010
S M T W T F S
« Apr   Jun »
 1
2345678
9101112131415
16171819202122
23242526272829
3031  

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 33 other followers


%d bloggers like this: