Omega Woods
Platinum Member
- Joined
- Mar 7, 2016
- Messages
- 577
- Location
- Soddy Daisy, TN
- Tractor
- Branson 4520R, Kubota BX2380, Kubota RTV-X110C, Bobcat E50, ASV RT-50
Thanks to everyone on this thread for talking me out of doing a trust.
Only trying to understand…Thanks to everyone on this thread for talking me out of doing a trust.
I honestly think a trust with propper planning is the way to go.Thanks to everyone on this thread for talking me out of doing a trust.
If your question was refered to myself, it's all a question of distribution of remaining funds left in my father's account. My father was pulling $1,400 per year ($700 twice a year) for retirement. I told the credit union estate department I was absolutely fine keeping the distribution the same for myself ($1,400 a year, paid twice in the same year). Instead, my first distribution was substantially higher, thus I called to let them know they made a mistake (I actually called about 10 times AND they were paying monthly). I gave up as no one would listen to me and it seemed I never dealt with the same person twice (even via email, same email address, but different people responding which drove me crazy because I never knew who I was dealing with). For better or worse, to be on the safe side, I maxed out on the taxes when I recieved those funds. My only fear is what I have recieve pushes us higher on the tax bracket but I don't think that will be the case.This is a bank account problem. Usually, I've thought of bank's making mistakes on the loan side of things, but how the heck do they foul up a deposit account by losing their own records? Where are the auditors and regulators?
Except the interest banks are paying.Fast forward to the present and the interest from all is greatly increased…
And even if you find it the chances are it will be bought out tomorrow and all the employees "turned over".God forbid you can find a local bank where people know your name. Like I said, our old bank was bought out twice already, and we're fed up with them as well.