Tuesday, November 19, 2013

Overheard

“The best part of the Rubble Trust, really, is that Barney and I are the beneficiaries of the Trust,” Betty was happy to explain to Wilma again, this time while Fred was listening around the corner.  “Being the trustees was just not enough for us.”

“What does that mean?” Wilma asks innocently. 

“Barney and I get to use all the stuff that we decide to buy as trustees/managers of the trust.” Betty answers, “We are the ones who get to drive our car, and then we are the ones who get to drive the new van we plan to buy when we sell the car.”

She also explained that after they died, their son BamBam would be named as the next beneficiary of the Trust.  “Because, you see, the Trust is just a piece of paper, not a person, and so doesn’t die just because both of us are gone.

“That means BamBam will get the income from the Trust property long after we die, and we even put in directions to allow him to be given the property in the Trust outright once he marries Pebbles.”

Fred could barely contain himself.  But he did, because after all he’d already put a quick but effective end to Wilma’s idea that the Flintstones get a Trust.  Now he would just have to find a way to get her to believe he was only joking before…

For information on all the roles in a Living Trust and whether a Trust suits your needs, call us at (815) 436-1996 for an appointment. ©2013 Gruber Law Office, Ltd.


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