Tuesday, May 09, 2006
Estate Planning
We got the drafts of our wills today. Pursuant to Section 7-6.1 of the New York EPTL, a certain sum of money is to be held by the Trustee to be used to or for the benefit of our dogs. This money is to used to 'continue the lifestyle to which they have been accustomed'. THE LIFESTYLE MY DOGS HAVE BEEN ACCUSTOMED TO???? Do you hear that, all you people who have offered to take in my dogs if we die? You have to maintain their accustomed lifestyle. :-)
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2 comments:
Trac,
I have that too. That way there is no problem as to what happens to my hounds. I want to make sure they were well taken care of.
We belong to a legal plan through A's work. We pay $11/ month or something like that and it covers any basic legal work we need. This is the first year we did it because we knew we were going to have the wills done. An added bonus is that is also covers real estate transactions. That right there can cost $700 to buy and sell!
The thing that cracks me up is the phrase 'the lifestyle to which they are accustomed'!
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