South Dakota Is Fast Becoming A Mini-Switzerland For The World’s Rich
.South Dakota Is Fast Becoming A Mini-Switzerland For The World’s Rich
Billionaire Divorce Uncovers Secretive World Of Trusts In South Dakota
May 6 2020 Robert Frank@ROBTFRANK
Louise Connelly@LOUISEBCONNELLY and Scott Zamost@SCOTTZAMOST
KEY POINTS
In a lawsuit, Marie Bosarge claims that her estranged husband, Texas billionaire Ed Bosarge, created trusts “to hide income and property and to hold what would otherwise have been personal income and assets.”
More than just another billionaire divorce spat, the case offers a rare window into the highly secretive world of asset trusts in South Dakota.
South Dakota is fast becoming a mini-Switzerland for the world’s rich trying to shield their assets.
Billionaire divorce shines light on South Dakota trusts
During their more than 30 years of marriage, Texas billionaire Ed and Marie Bosarge accumulated an unusual collection of treasures.
They owned 12 homes, including five properties in Maine and a private island in the Bahamas. They had a 180-foot sailing yacht with its own grand piano. They bought a $5 million Egyptian mummy. Marie bought some of Marilyn Monroe’s personal effects, including her furniture, dresses and bras.
South Dakota Is Fast Becoming A Mini-Switzerland For The World’s Rich
Billionaire Divorce Uncovers Secretive World Of Trusts In South Dakota
May 6 2020 Robert Frank@ROBTFRANK
Louise Connelly@LOUISEBCONNELLY and Scott Zamost@SCOTTZAMOST
KEY POINTS
In a lawsuit, Marie Bosarge claims that her estranged husband, Texas billionaire Ed Bosarge, created trusts “to hide income and property and to hold what would otherwise have been personal income and assets.”
More than just another billionaire divorce spat, the case offers a rare window into the highly secretive world of asset trusts in South Dakota.
South Dakota is fast becoming a mini-Switzerland for the world’s rich trying to shield their assets.
Billionaire divorce shines light on South Dakota trusts
During their more than 30 years of marriage, Texas billionaire Ed and Marie Bosarge accumulated an unusual collection of treasures.
They owned 12 homes, including five properties in Maine and a private island in the Bahamas. They had a 180-foot sailing yacht with its own grand piano. They bought a $5 million Egyptian mummy. Marie bought some of Marilyn Monroe’s personal effects, including her furniture, dresses and bras.
“It was over the top,” Marie said of their lifestyle.
Now, instead of living the high life, Marie Bosarge fears going under. When Ed filed for divorce in 2017, Marie discovered that almost all of the couple’s property — from the homes and island to her jewelry and even some of their tableware — had been put into a special trust that shielded the assets from any claims.
Rather than getting half of a fortune she estimated to be worth more than $2 billion, she may wind up with little or nothing after paying her legal bills.
Marie Bosarge on her 180-foot sailing yacht 'Marie.' Marie Bosarge on her namesake 180-foot sailing yacht.
Source: Marie Bosarge
In a lawsuit filed in 2018, Marie claims that the trusts “were created and used by Ed to hide income and property and to hold what would otherwise have been personal income and assets.” She claims the purpose of the trusts and the transfer of assets between the trusts was “to cut Marie out of her rightful share of the community estate.”
Attorneys for Ed Bosarge — who founded high-speed trading firm Quantlab — declined to comment on the case, citing confidentiality rules. Marie’s attorney also declined comment. But in court papers, Ed’s attorneys have claimed that the assets are owned and controlled by the trust, not by him, and are therefore not marital property. They say the total value of the couple’s marital property, which would be subject to division, is about $12 million.
Marie said that since her legal bills are already well into the millions, “I could wind up with nothing.”
More than just another billionaire divorce spat, the Bosarge case offers a rare window into the highly secretive world of asset trusts in South Dakota, a state whose protective trust laws have made it a haven for billionaires and wealthy families around the world.
To continue reading, please go to the original article here:
Another Week, Another $3 Trillion Bailout
.Another Week, Another $3 Trillion Bailout
Notes From The Field By Simon Black May 18, 2020 Bahia Beach, Puerto Rico
At precisely 9:26pm this past Friday night, May 15th, the House of Representatives in the United States passed the “Health and Economic Recovery Omnibus Emergency Solutions Act.”
For short, they call it the HEROES Act.
And yes, it’s as ridiculous as it sounds.
Bear in mind that Congress passed the first bailout bill-- the “Families First Coronavirus Response Act” on March 14th. That set the taxpayers back $1.3 trillion.
Less than two weeks later, Congress passed the “Coronavirus Aid, Relief, and Economic Security Act”, or CARES, which cost a hefty $2 trillion.
Another Week, Another $3 Trillion Bailout
Notes From The Field By Simon Black May 18, 2020 Bahia Beach, Puerto Rico
At precisely 9:26pm this past Friday night, May 15th, the House of Representatives in the United States passed the “Health and Economic Recovery Omnibus Emergency Solutions Act.”
For short, they call it the HEROES Act.
And yes, it’s as ridiculous as it sounds.
Bear in mind that Congress passed the first bailout bill-- the “Families First Coronavirus Response Act” on March 14th. That set the taxpayers back $1.3 trillion.
Less than two weeks later, Congress passed the “Coronavirus Aid, Relief, and Economic Security Act”, or CARES, which cost a hefty $2 trillion.
A few weeks after that, they passed another half-trillion dollar bill, the “Paycheck Protection Program and Health Care Enhancement Act,” which, sadly, did not come with a catchy acronym.
Are you keeping score? In total that’s around $3.8 trillion in federal bailouts.
And now on top of that, the House just passed the HEROES Act, which adds another $3 TRILLION to that total.
If the HEROES Act becomes law, that will bring the total bailouts in the Land of the Free to nearly $7 trillion, more than 30% of the entire US economy!
The HEROES Act itself is extraordinary. At 1,815 pages and nearly 300,000 words, it’s more than twice as long as the New Testament.
And I spent several hours this weekend reading it.
With a high-sounding name like “HEROES,” I naively thought the focus of the bill is to take care of front-line healthcare workers.
But I was wrong.
HEROES hands over taxpayer money to everyone from the Fish and Wildlife Service to the National Endowment for the Humanities.
There’s money for school lunches, broadband Internet access in rural areas and tribal lands, prison phone calls, “environmental justice grants,” and pretty much anything else you can think of.
There’s a phrase they use in this bill over and over again: “to prevent, prepare for, and respond to coronavirus. . .”
For example, they’re giving the General Services Administration (GSA) $1 billion to modernize their technology… leading a rational person to wonder,
“Hey wait a minute-- what does that have to do with Covid?”
Nothing. And that’s why they include those magic words-- The GSA will receive $1 billion “to prevent, prepare for, and respond to coronavirus.”
Oh gee, then I guess it makes sense.
It reminds me of right after 9/11, nearly two decades ago. Back then the government could get away with anything they wanted. They just had to use the magic words “for your safety and security,” or “in the interest of national security.”
They were able to pass the most insidious laws and say the most ridiculous things. But as long as it was for your safety and security, it was all OK.
Today it’s the same thing.
If this HEROES bill passes, for example, the National Endowment for the Humanities will receive a bunch of taxpayer money “to prevent, prepare for, and respond to coronavirus.”
Wait, what? What does one thing have to do with another?
Nothing. It’s just empty justification to spend all the money they ever wanted.
But astonishingly, even this doesn’t seem to be enough.
Last night the news show 60 Minutes aired an interview with the Chairman of the Federal Reserve, who expressed clear concern that all the government spending and all the federal reserve money printing so far might not be enough:
Reporter: “In terms of stimulus, has Congress done enough?”
Fed Chairman: “. . . I don't think we know the answer to that. It may well be that the Fed has to do more. It may be that Congress has to do more.”
The interview was pretty extraordinary-- the Fed Chairman didn’t bother sugarcoating what they’re doing-
Reporter: “Fair to say you simply flooded the system with money?”
Fed Chairman: “Yes. We did. That's another way to think about it. We did.”
Reporter: “Where does it come from? Do you just print it?”
Fed Chairman: “We print it digitally. So as a central bank, we have the ability to create money digitally. And we do that by buying Treasury Bills or bonds for other government guaranteed securities. And that actually increases the money supply. We also print actual currency and we distribute that through the Federal Reserve banks.”
Reporter: “In terms of size, Mr. Chairman, how does what the Fed is doing right now compare to the unprecedented action it took in 2008?”
Fed Chairman: “So the things we're doing now are substantially larger. The asset purchases that we're doing are a multiple of the programs that were done during the last crisis. . .”
That pretty much sums it up.
The government is on track to have a nearly $7 trillion bill for Covid so far, while the Federal Reserve has already expanded its balance sheet by nearly $3 trillion.
And even with that bonanza of money, they’re still not sure if it’s enough.
They acknowledge that they’re simply [digitally] printing money, and that the size of the problem is MUCH bigger than the last crisis.
He then acknowledges later in the interview-- sure there will be consequences to all the debt and money printing, but we’ll worry about it later: “This is not the time to prioritize that concern.”
So, on top of everything else, they’re flat-out telling you that there are going to be problems down the road… but they’re going to keep printing and going into debt regardless.
No one here is being subtle.
And you’re not some wild conspiracy theorist to think that there might be consequences down the road. The Federal Reserve is telling us that this is the case.
And they’re also telling us that they’re going forward with their plan to print money and facilitate government debt regardless of the long-term damage.
If that’s not a reason to own precious metals and real assets, I don’t know what else could be.
To your freedom & prosperity, Simon Black, Founder, SovereignMan.com
https://www.sovereignman.com/trends/another-week-another-3-trillion-bailout-27775/
Unmasking A Post-COVID Future Information Briefing #153
.Unmasking A Post-COVID Future Information Briefing #153
White Hats Auxiliary / Information Center May 17, 2020 by whitehatsauxiliaries
To Unite In Support Of The White Hats, Accurately Inform About The Mission To Release The World Global Settlements/Global Currency Reset, And Explore The New Frontier Of Digital Wealth
Unmasking A Post-COVID Future
For Millennia, Mankind has evolved under the conflicts of Religions, Hegemony, Race and Materialism. Whatever came our way, including Pandemics, we adjusted, and economies grew. We are the Global Top Primate Species. Top of the Food Chain. But Covid-19 is loose now as the ultimate Lab Bats cocktail.
The Wild Card, no courtesy of China.
We are – Defenseless. It is merciless and indiscriminate. Nations’ Borders are no barriers. The Chinese travelling mobile human Ants have carried it everywhere.
Unmasking A Post-COVID Future Information Briefing #153
White Hats Auxiliary / Information Center May 17, 2020 by whitehatsauxiliaries
To Unite In Support Of The White Hats, Accurately Inform About The Mission To Release The World Global Settlements/Global Currency Reset, And Explore The New Frontier Of Digital Wealth
Unmasking A Post-COVID Future
For Millennia, Mankind has evolved under the conflicts of Religions, Hegemony, Race and Materialism. Whatever came our way, including Pandemics, we adjusted, and economies grew. We are the Global Top Primate Species. Top of the Food Chain. But Covid-19 is loose now as the ultimate Lab Bats cocktail.
The Wild Card, no courtesy of China.
We are – Defenseless. It is merciless and indiscriminate. Nations’ Borders are no barriers. The Chinese travelling mobile human Ants have carried it everywhere.
The American B1s are now visibly carrying masses of Cruise Missiles to Guam in response ready, if needed, for war. America is taking it to them. Needs Must!
In turn, and in time, huge questions for China to answer for what has been unleashed on the world. Unforgivable. Who must die for a Chinese lie to protect the Middle Kingdom with its own Global conquest ambitions by stealth?
Knowing now what was loose, why did China not seal its Borders?
Now IS the time for Trump to rise to America’s needs and for us to support Barr for truth and justice. We need Trump reelected and Barr in place to carry on the investigations and arrests.
Why were Western Leaders so inept as not to lock out a perceived visible Pandemic of such a cataclysmic threat level? They knew, and their reaction was pitiful. Leaders today?
Who can trust any published death rates? Why is Covid being so media-hyped, with no highlighting of obnoxious Bill Gates of Lolita Express notoriety, the Big Pharma opportunists, and its potential use for Tri Lateral and Zionist NWO population reduction strategies? How meekly the Sheeple assembled and locked down like Lambs to the slaughter! Why?
The world just acquiesced with a typical French Military Flag of a white cross on a white background. Come and get us?
But also, sadly note, with a virus which seems to have an actual Death Ratio now of only 0.015% of a population, (Real World!!! – One 7th of One Per Cent population deaths) why are our limp-wristed Politicians devastating jobs for 20% of Employees and greater than 30% of the Corporate population?
Reality is, 30% of our companies are now at risk. Many now will never reopen. What of the yet to be unveiled multi million consequential deaths caused for those denied months of remedial treatments, for those missing months of standard Doctors surgeries Check Ups? Britain alone now has an 8 Million delayed Check Up backlog. Millions risked now, how many Real Deaths as avoidable costs?
So many cancers and life threatening illnesses will be missed, catching and treating nothing in time. Health Care has virtually closed down for half the year. Care Homes are Death Traps, currently the source of needless 30% of our Deaths. The Economic consequences of that will implode on their Solvency.
As it will for 30% of our Businesses currently facing ruin. Taxes will implode leaving decades of debt, and possibly a mass switch to Cryptos for blatant Tax Evasion. There are no Free Lunches; Welfare has to be paid by someone. You!
No other site out there offers you the help and community platform with Cryptos which WHA does. You will need it. The site is a must read now.
Question now not only the cause of Covid, but the questions of failed containment, as with Ebola. Inept Government strategies and blame to be.
Focused.
Sort Border Entries testing.
Sort Contract Tracing.
Sort PPE supplies! Replace Chinese!!!!
Sort treatments. No more Chinese Lab Bat Cocktails!
Question now the roles of Gates and Soros in Wujan and why?
Trump now advocates his wish to have the Military assist deliver the Vaccines.
Gates has 60 M available, Non-Human tested, the stench of Thalidomide all over it. How have Africa’s poor Souls fared under Gates?
Boris Johnson in London claims we will be led by the Sciences. He was, under Fergusson’s alarmist projections of Bubonic plague level proportions. We just wasted Billions on the unneeded new Nightingale Hospital, not used and now mothballed? Billions – CLOWNS!!!!
Fauci, too! Fauci. Ferguson. Two F’s. 2 complete*Ups!
Misled by the Sciences! We have destroyed our Economies for this pair?
WHA has shown the way for groups to commune, help the Collective, and produce outstanding profits. A small step at a time. Save just 3 dollars a day and soon it builds to hundreds then you can start to buy Cryptos. Self help.
The Gates way, dubious cocktails, then the Chip, then the Chop!
Whatever is left in 4 to 8 weeks we start again. We will get through, it’s just the unrecognisable society then, and what’s left in the Human Zoo for You?
Money is Finite and that Bonfire of Vanities on Wall Street may ignite?
Congregate, communicate and take WHA to a new height.
© 2020 Whitehatauxiliaries.com
https://whitehatauxiliaries.com/2020/05/17/information-briefing-153/
Sometimes the Best Decision for Your Company Isn’t the Most Popular
.Sometimes the Best Decision for Your Company Isn’t the Most Popular
An Interview with James Tonkin
Yitzi Weiner Mar 28, 2019
“…reading his book gave me a lot of insight into making good decisions for the right reasons. Sometimes they may not be popular but they’re really important. Nobody told me that before I got in to becoming a leader myself. Understanding how you make good decisions and sharing that decision making process with others so they buy into the concept is really important.”
I had the pleasure of interviewing James S. Tonkin, President and Founder HealthyBrandBuilders
For more than 44 years, Jim has served the private sector as a brand and marketing development professional and Founder and President of HealthyBrandBuilders. He directs the building and design of national infrastructures for food and beverage industry clients.
Sometimes the Best Decision for Your Company Isn’t the Most Popular
An Interview with James Tonkin
Yitzi Weiner Mar 28, 2019
“…reading his book gave me a lot of insight into making good decisions for the right reasons. Sometimes they may not be popular but they’re really important. Nobody told me that before I got in to becoming a leader myself. Understanding how you make good decisions and sharing that decision making process with others so they buy into the concept is really important.”
I had the pleasure of interviewing James S. Tonkin, President and Founder HealthyBrandBuilders
For more than 44 years, Jim has served the private sector as a brand and marketing development professional and Founder and President of HealthyBrandBuilders. He directs the building and design of national infrastructures for food and beverage industry clients.
Tonkin has successfully created and implemented business and financial strategies for domestic and international players focusing from production to branding, marketing through sales implementation and distribution, to include exit strategy. Tonkin has focused branding initiatives in soft drink, bottled water, functional foods and beverages, and non- carbonated “new age” beverage verticals.
His extensive hands-on expertise has stretched across many sectors including domestic cheeses to natural potato chips; bottled waters for people and pets; and nutraceutical-functional-cosmeceutical enhanced beverages. Jim serves as a popular keynote speaker covering new beverage trends, successful branding insight and with his blunt and sometimes stinging humor, pushes the envelope! He has many repeat performances and is truly a respected and admired entrepreneur in his own right!
Thank you so much for doing this with us! Can you tell us a story about what brought you to this specific career path?
I got into the industry kind of circuitously. I graduated from the University of Oregon in 1973 and immediately went into my father’s business, which was a manufacturing operation as well as a distributorship for 7UP, A&W Root Beer, the Crush line, Welch’s…
We had about 60 different brands in the Bay area and Sacramento and up to the Nevada border. I worked for my dad from ’73 until ’82. I went through a massive training program until I became Vice President, General Manager of the business.
Once I got there I realized In 1982 that I did not want to produce carbonated soft drinks anymore and continue to be a participant in this horrible lack of nutritious oriented kind of business. And so I had no idea what I was going to do but I left the business and was in Hawaii on vacation trying to figure out what I was going to do with myself.
I started eating these Maui style potato chips, which are Russet potatoes with the skin left on. Eventually I called the guy on the back of the bag of potato chips and I ended up going to his house and spending three days with him learning how to manufacture the product. I came back to the mainland in the Bay Area and I built a plant to be able to produce in mass the type of products he was producing in the basement of his house.
To continue reading, please go to the original article here:
10 Critical Habits the Wealthy Learned From Their Parents
.10 Critical Habits the Wealthy Learned From Their Parents
Rich Habits Poor Habits Podcast December 29, 2018 By Thomas C. Corley
The wealth gap is widening around the world. The rich get richer and the poor get left behind. But why does this happen? According to Tom Corley, the gap is really a parenting gap, not a wealth gap.
In today’s podcast episode, we’ll discuss 10 critical habits that the self-made wealthy learned from their parents. This will help you understand the lessons that you should be teaching your children to help them grow up to be successful. And if you haven’t yet learned these lessons yourself, it’s not too late to do so.
10 critical habits the wealthy learn from their parents
You create your life. Your life is not determined by the government, other people or external circumstances. You are the pilot of your life.
10 Critical Habits the Wealthy Learned From Their Parents
Rich Habits Poor Habits Podcast December 29, 2018 By Thomas C. Corley
The wealth gap is widening around the world. The rich get richer and the poor get left behind. But why does this happen? According to Tom Corley, the gap is really a parenting gap, not a wealth gap.
In today’s podcast episode, we’ll discuss 10 critical habits that the self-made wealthy learned from their parents. This will help you understand the lessons that you should be teaching your children to help them grow up to be successful. And if you haven’t yet learned these lessons yourself, it’s not too late to do so.
10 critical habits the wealthy learn from their parents
You create your life. Your life is not determined by the government, other people or external circumstances. You are the pilot of your life.
Take responsibility when things go wrong. Don’t blame others or play the victim.
Respect the law. When you break the rules, people don’t trust you and don’t want to do business with you.
Seek your main purpose. Kids should experiment with different activities so that they can find and identify their true talents.
Pursue your dreams and goals. Define an ideal future life. This creates clarity and helps you see down the road and focus your attentions.
Acquiring wealth is a good thing. Wealthy people help fund charities, build hospitals and schools. They should be looked up to.
Work hard for what you want. You don’t have to be born wealthy to attain wealth, but you do need to be willing to work hard for it.
Respect other people’s property. You’re not entitled to something that another person has. Don’t expect others to give you anything.
To continue reading, please go to the original article here:
Warren Buffett On How To Financially Survive COVID-19
.Warren Buffett On How To Financially Survive COVID-19
Warren Buffett says this is how to financially survive COVID-19
Doug Whiteman MoneyWise May 15, 2020
When Warren Buffett speaks, investors listen. The folksy financial guru who eats at McDonald's and still lives in his hometown of Omaha, Nebraska, is a billionaire many, many times over, so followers hang on his every word for tips on how they can be wealthy, too.
Lately, ears have been pricking up as Buffett has shared some money wisdom about the coronavirus calamity.
Warren Buffett On How To Financially Survive COVID-19
Warren Buffett says this is how to financially survive COVID-19
Doug Whiteman MoneyWise May 15, 2020
When Warren Buffett speaks, investors listen. The folksy financial guru who eats at McDonald's and still lives in his hometown of Omaha, Nebraska, is a billionaire many, many times over, so followers hang on his every word for tips on how they can be wealthy, too.
Lately, ears have been pricking up as Buffett has shared some money wisdom about the coronavirus calamity.
Always Be Ready For The Worst
They don't call him an oracle for nothing. The multibillionaire said during an interview in March: "I've always felt a pandemic would happen sometime."
Last year, he warned that we were due for a "megacatastrophe." It would be some kind of "total surprise" that would dwarf devastating hurricanes Katrina and Michael, Buffett warned his Berkshire Hathaway company shareholders, in a letter.
He said Berkshire, which is big in the insurance business (it owns Geico and other insurers), would suffer massive losses — but would be ready for business the next day.
A good way for you to prepare for whatever comes is by buying life insurance to protect your loved ones. In just 90 seconds, you can find multiple life insurance rates tailored to your family’s needs and costing as little as $1 a day for $1 million in coverage, depending on your age and where you live.
Don't Carry Credit Card Balances
Buffett says if you're carrying credit card debt, get rid of it
With layoffs skyrocketing during the outbreak and lockdowns, Americans have been piling on more credit card debt: 47% now carry balances, up from 43% in March, and nearly a quarter say they've taken on more card debt amid the economic crisis, a CreditCards.com survey found.
To continue reading, please go to the original article here:
https://finance.yahoo.com/news/warren-buffett-says-financially-survive-205425217.html
Your Money Beliefs Can Help You Get Rich (or Stay Poor)
.Your Money Beliefs Can Help You Get Rich (or Stay Poor)
Your Wealth Generating Machine (Invest)
How we humans view money is complex.
We’ve existed far longer than the concept of cash. It’s so new that only a few thousand years ago barter was a more popular form of acquiring what we needed and wanted.
So what is money?
At its core, money is power. Power to buy the things we need or want, power to acquire experiences, power over our time, and the incredible power to give us financial peace of mind.
If you were looking at modern currency for the first time, you’d likely say it appeared to be worthless pieces of paper and little slugs of metal.
Economists will rightly say that money is an efficient and universal means of exchange.
Your Money Beliefs Can Help You Get Rich (or Stay Poor)
Your Wealth Generating Machine (Invest)
How we humans view money is complex.
We’ve existed far longer than the concept of cash. It’s so new that only a few thousand years ago barter was a more popular form of acquiring what we needed and wanted.
So what is money?
At its core, money is power. Power to buy the things we need or want, power to acquire experiences, power over our time, and the incredible power to give us financial peace of mind.
If you were looking at modern currency for the first time, you’d likely say it appeared to be worthless pieces of paper and little slugs of metal.
Economists will rightly say that money is an efficient and universal means of exchange.
In today’s economy, where nearly all currency and coins are made from materials that are worth far less than face value, money only has value because the issuing entity is willing to back it with good faith as a means of exchange.
Therefore, money doesn’t have intrinsic value, it only has the value we assign to it.
Credit cards and credit overall make the concept of money even more distant.
After all, there’s no physical device exchanged in a purchase, only an electronic spritz of a credit card number, and the idea of an obligation to pay the card company back in the future.
A pack of gum and a room full of high-end furniture require the exact same swipe or tap of the card.
The removal of the give-to-the-get that is present with a cash exchange is part of the problem with credit. One can buy almost whatever catches their eye, with no seeming sacrifice of exchange.
It’s no wonder, then, that the reality of money is sometimes hard to grasp, leading to difficulty in successfully managing our personal finances.
How we view money, and its role in our lives, it best summed by our ‘money beliefs’.
To continue reading, please go to the original article here:
https://millionairefoundry.com/your-money-beliefs-can-help-you-get-rich-or-stay-poor/
How to Care for Your Pet After You’re Gone
.How to Care for Your Pet After You’re Gone
A Pet Trust? Your Will? How to Care for Your Pet After You’re Gone
By Wendy Berkowitz — May 5, 2020
As much as we may view our pets like family, legally, they’re considered property. That means you can’t leave any money directly to your pet—though it’s not like Fido would know exactly how to spend it, anyway.
So, how do you make sure your pets are provided for after you’re gone? We spoke to David Roer, CPA, MST and Partner at Raich, Ende, & Malter, Co. to get the lowdown.
“The first step in the process is to identify an individual you would want to care for your pet. Then, be sure to communicate with them to make sure they’re on board,” he says.
From there, you have a few options: an informal agreement, a clause in your will or a trust.
The most ideal path is to formalize things in your will or with a trust, “to make sure everything is legally documented and communicated,” Roer says.
How to Care for Your Pet After You’re Gone
A Pet Trust? Your Will? How to Care for Your Pet After You’re Gone
By Wendy Berkowitz — May 5, 2020
As much as we may view our pets like family, legally, they’re considered property. That means you can’t leave any money directly to your pet—though it’s not like Fido would know exactly how to spend it, anyway.
So, how do you make sure your pets are provided for after you’re gone? We spoke to David Roer, CPA, MST and Partner at Raich, Ende, & Malter, Co. to get the lowdown.
“The first step in the process is to identify an individual you would want to care for your pet. Then, be sure to communicate with them to make sure they’re on board,” he says.
From there, you have a few options: an informal agreement, a clause in your will or a trust.
The most ideal path is to formalize things in your will or with a trust, “to make sure everything is legally documented and communicated,” Roer says.
An Informal Agreement
Though an informal agreement may seem like the easiest route, it doesn’t guarantee anything. You can ask a close friend or relative to take care of your pet after you're gone, but this kind of agreement likely won’t be legally binding. Plus, if there’s someone else out there who loves your four-legged (or non-legged) friend and wants to look after them, things could get complicated.
To make sure there are no questions of ownership—and to ensure your pet goes to a good home—it’s more ideal to formalize things in your will, or by setting up a trust.
If you do decide to enter into an informal agreement with a friend or loved one, you may still want to consider leaving them a bit of money to help cover pet-related expenses.
A Clause in Your Will
Though the specifics vary by state, in most places, you can formalize your agreement via a clause in your last will and testament. “This clause would contain clear verbiage indicating who you’re bequeathing your pet to,” Roer explains.
To continue reading, please go to the original article here:
https://meetfabric.com/blog/a-pet-trust-your-will-how-to-care-for-your-pet-after-youre-gone
What You Should Know About Bequeathing to Charity in Your Will
.What You Should Know About Bequeathing to Charity in Your Will
By Jessica Sillers — Apr 21, 2020
Writing your will is an opportunity to think about how you’d like people to remember you when you’re gone. For lots of families, that means choosing guardians and providing for children in the will. Another way to keep your legacy alive? Donating to charity.
Whether you call it a bequest, an endowment, a legacy, or simply a gift, money or assets you leave to charity can be a meaningful part of your final plans. No matter how large or small your estate is, there’s a way to leave a legacy to a cause you care about.
What Is Bequeathing to Charity?
Donating to charity doesn’t always mean writing a check. There are a number of different ways to give back through your estate planning.
We at Fabric aren't lawyers. So, before deciding how to incorporate charitable giving as part of your estate plan, we encourage you to speak with a qualified legal professional about your specific needs and goals.
What You Should Know About Bequeathing to Charity in Your Will
By Jessica Sillers — Apr 21, 2020
Writing your will is an opportunity to think about how you’d like people to remember you when you’re gone. For lots of families, that means choosing guardians and providing for children in the will. Another way to keep your legacy alive? Donating to charity.
Whether you call it a bequest, an endowment, a legacy, or simply a gift, money or assets you leave to charity can be a meaningful part of your final plans. No matter how large or small your estate is, there’s a way to leave a legacy to a cause you care about.
What Is Bequeathing to Charity?
Donating to charity doesn’t always mean writing a check. There are a number of different ways to give back through your estate planning.
We at Fabric aren't lawyers. So, before deciding how to incorporate charitable giving as part of your estate plan, we encourage you to speak with a qualified legal professional about your specific needs and goals. (Do you need a lawyer to write your will?)
Cash Donation Through Your Will
Any reputable charity can put a cash donation to good use. These are a few ways you can divide your money between your loved ones and favorite organization:
General gift: Name a specific amount of money or a percentage of your estate that should go to your preferred charity.
Residual gift: Designate how much of your estate should go to each of your other beneficiaries, and then send anything that’s left over to charity.
Contingent gift: You can choose to donate to charity as a backup plan, such as if your beneficiary passes away before you. The condition doesn’t need to be based on death, either. You could theoretically say that if your cousin goes to rehab and stays out of jail, he gets $10,000, but otherwise the money will go to an anti-addiction organization you support.
All you need to do is include a note in your last will and testament listing your chosen charities with the amount or percentage of your estate that they should receive.
Donating Investments to Charity
You can donate most stocks, bonds or mutual funds directly to a charity. In fact, this option can be better for some organizations than if you sold the investment and donated the cash.
Tony Oommen, a charitable planning consultant at Fidelity Charitable, explains that donating the investment directly can eliminate capital gains taxes. The value here is that the charity ends up getting more money than if you’d cashed out the investment and donated the after-tax dollars.
To continue reading, please go to the original article here:
https://meetfabric.com/blog/what-you-should-know-about-bequeathing-to-charity-in-your-will
The Great Deflation Then Hyperinflation
.Join Mike Maloney and Harry Dent in this epic 60 minute discussion about deflation, filmed in late 2015.
This first video was originally the 'Bonus Feature' for Episode 6 of Mike Maloney's 'Hidden Secrets of Money' series, but it contains so much useful information on how a deflationary period may play out that we have decided to release it here now on YouTube to as many people as possible. Thanks for watching, and thanks for sharing the video.
Almost 5 years to the very day of the original video on The Great Deflation this second video interview with Mike talks about current economic events – He covers many areas such as Gold – Silver – Transfer of Wealth – Corona Virus -Federal Reserve – IMF – Free Market – Socialism – Economic Collapse - Supply Chain - Fragile Monetary System - Gold Standard - Cryptocurrency - and so much more – Very Informative - Don’t Miss These Videos!!
The Great Deflation Then Hyperinflation
Join Mike Maloney and Harry Dent in this epic 60 minute discussion about deflation, filmed in late 2015.
This first video was originally the 'Bonus Feature' for Episode 6 of Mike Maloney's 'Hidden Secrets of Money' series, but it contains so much useful information on how a deflationary period may play out that we have decided to release it here now on YouTube to as many people as possible. Thanks for watching, and thanks for sharing the video.
Almost 5 years to the very day of the original video on The Great Deflation this second video interview with Mike talks about current economic events – He covers many areas such as Gold – Silver – Transfer of Wealth – Corona Virus -Federal Reserve – IMF – Free Market – Socialism – Economic Collapse - Supply Chain - Fragile Monetary System - Gold Standard - Cryptocurrency - and so much more – Very Informative - Don’t Miss These Videos!!
Original description: Two of the world’s foremost experts on economic cycles believe a punishing wave of deflation is coming. Just like the Great Depression, it could sink the value of stocks, homes, and even savings accounts. Billions could be wiped out.
To help you prepare, Mike Maloney and Harry Dent explain how in this 60-minute bonus video.
For those wondering why our videos don't appear in their subscription feed immediately - we release our clips to our free weekly email readers first, then later we publish to YouTube. Sometimes it's just hours, sometimes it's a couple of days later.
This is to encourage people to join our free newsletter - because one day, we may not have YouTube to rely on. Join our free newsletter list by going to https://goldsilver.com/ and entering your email address in the 'Get Market Alerts' box at the bottom of the page. As always, thank you for your support. M.
Download Mike's best-selling book for free here: https://pages.goldsilver.com/freebook
VIDEO ONE The Great Deflation IS HERE - Mike Maloney & Harry Dent
186,622 views•Premiered Mar 21, 2020 Gold Silver (w/ Mike Maloney) 552K subscribers
VIDEO TWO Deflation Then Hyperinflation - Interview with Mike Maloney
96,683 views•Mar 23, 2020 https://www.youtube.com/watch?v=-lanXyRFUcs
Are We Experiencing a Black Swan Event?
.Are We Experiencing a Black Swan Event?
Robert Kiyosaki & Harry Dent [Rich Dad Show Radio]
654,120 views•Premiered Mar 25, 2020 The Rich Dad Channel 1.21M subscribers
If you’ve been following your financial advisor’s advice of “invest for the long term” for the last several years you’ve been living fat, dumb and happy...until now. The sudden plunge in the stock market and the global spread of the coronavirus is making citizens across the globe more and more anxious as the days go by despite efforts by the Fed to pump in more money.
Harry Dent, author of "Zero Hour: Turn the Greatest Political and Financial Upheaval in Modern History to Your Advantage," warns, “Markets will be brought down to reality and may not recover for 25-30 years—if ever.
Are We Experiencing a Black Swan Event?
Robert Kiyosaki & Harry Dent [Rich Dad Show Radio]
654,120 views•Premiered Mar 25, 2020 The Rich Dad Channel 1.21M subscribers
If you’ve been following your financial advisor’s advice of “invest for the long term” for the last several years you’ve been living fat, dumb and happy...until now. The sudden plunge in the stock market and the global spread of the coronavirus is making citizens across the globe more and more anxious as the days go by despite efforts by the Fed to pump in more money.
Harry Dent, author of "Zero Hour: Turn the Greatest Political and Financial Upheaval in Modern History to Your Advantage," warns, “Markets will be brought down to reality and may not recover for 25-30 years—if ever.
In this episode of The Rich Dad Radio Show, Robert Kiyosaki and Harry Dent discuss exactly what is happening in the stock market, the bond market, and the real estate market. You’ll find out what Harry says he’ll be doing and what you can do to survive these turbulent times.
#robertkiyosaki #richdadpoordad #financialeducation https://www.richdad.com/