We’re following up on Friday’s post (the third in this group of four posts), where we began discussing this vehicle. A well-defined revocable living trust covers three phases of the Settlor’s life: his or her productive lifetime, possible incapacitation, and what happens after his or her death.
In business- if you fail to plan, you plan to fail. In these cases, if you fail to plan, other people get to make your decisions. If you are alive and ill, then it’s terrible. If you are not, then your heirs may recall things with more than a bitter taste in their mouths. Consider them, prepare your choices, and act.
Yesterday, we spoke about advanced medical directives (living wills).
I know it’s Valentine’s Day. (This is about helping our loved ones [and ourselves], I promise.)
I’m going to share some information with you (and provide some directed actions) that will simply be rated M for mature. (No, no porn here- that’s the province of Stormy Daniels, not me.) And, it’s not only for our senior citizens (like me)- it certainly applies to everyone who has a family. Because we never know.
I’ve written about Norman Borlaug often. (Here’s but one example.) Back when I was younger, he was advocating for what we now call the Green Revolution. And, while Borlaug was promoting methods to increase agricultural yields world-wide, there was a competing voice, that of William Vogt.
I was reading the Washington Post the other day , when it was discussing a study group that spent 22 years reviewing the Tora (the Five Books of Moses), under the direction of their rabbi, Rav Stuart Weinblatt. Which reminded me of what actions a group of us from my old synagogue accomplished.