Tuesday, November 12, 2013

Can't Help Listening

"Don't talk to me about a Trust," Fred scolded his wife, Wilma.  "I'm not so far gone that I'm ready to give up control of my own money."

But Wilma asked her friend Betty to mention the Trust the Rubbles had when Fred would have to overhear.  Betty, who was glad to help, later told Wilma that she and Barney were really more in control of their money and property now than before.

"We're our own trustees," she explained confidentially.  "We didn't hire a bank or add BamBam on our accounts or other stuff. Instead, we just asked the Bedrock Bank to change the names on our accounts to the Rubble Trust.  We are still on the signature cards, and nobody else is."

"If Barney and I want to sell our house," she continued, "we just sign our names as trustees on the deed at the closing." 

"Oh, Betty, you just sound so important!," Wilma exclaimed. "Is it a lot of work to be a trustee?  And do you get paid?" Wilma asked.

"It's no harder than being myself, after we got all our stuff transferred into the Trust's name, Wilma.  But you know how much trouble it is to have to convince Barney of anything good?  It's still an awful lot of trouble, and still for no pay!"

For information on rock-solid estate planning that suits your situation, call us at (815) 436-1996 to set an appointment. © 2013 Gruber Law Office, Ltd.


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