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Thread ID: 92435	2008-08-10 09:06:00	Will's	beetle (243)	PC World Chat

Post ID	Timestamp	Content	User
696315	2008-08-11 04:22:00	How was that bridgecorp guy allegedly able to put millions into his trust in only a few years, if you can put only 27k in a year? Rod Petrecovic started moving assets to his family trusts in the early 1980s so he has had decades to squirrel away millions. He first came to fame with Euronational Corp which collapsed in the 1987 sharemarket crash. He is no stranger to these situations. There were a number of high-flyers made bankrupt after the 1987 crash, who still drove nice cars and lived in lovely homes. All possible through the use of the Relationship (Matrimonial) Property Act and trusts. Just watch it happen again.	Winston001 (3612)
696316	2008-08-11 04:37:00	Ok a very wide open and broad question for all to consider and reply to.......:stare: Do you have a will written for yourself, that is legal ? have you shared this with your partner? do they know and agree with it? And if you do have one ..... what things do you have in it? eg special gifts? who gets what etc, the house, car, books or something else? can you say who doesnt get something? or just not give them anything at all? how much should you really put in one? or just a broad sweep of i leave this to person and they can distribute how they like? recently went to my dads will reading............. and been trying to write my own for months...and have no idea what to put in it.... or what not to put in it...... I want to be fair to my children, and it has to be legal, but theres lots of bits and bobs to consider........ and the wills ive seen recently are bland and souless, and have no consideration to what the repercusions are for the ones in the wing waiting........ :stare: beetle Hi Beetle I agree that modern wills are soul-less documents which is a shame. Sometimes people like to write a personal letter to their family explaining their wishes, which goes with the will. Unfortunately that can also provide ammunition to contest the will by disgruntled parties. You need to decide on an executor/trustee - preferably two. They will hold your estate in trust until your children are of age = 18yrs, although many people prefer 23yrs. You should also appoint testamentary guardians for your children - these people will stand in your shoes if you died to help make parenting decisions. The executors can be the guardians if you wish. If you have specific items you want to leave to certain people, including the children, you can set out a list in your will. The alternative is to have your will refer to a list, so that you can draw up lists and make changes from time to time. Much easier if you want to write down a lot of small but important things, like photos. Finally, you can certainly include personal thoughts and wishes in your will. Cheers Winston	Winston001 (3612)
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