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Once again, it's time for the FNGT!

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**Once again, it's time for the FNGT!** If you don't know how this works, [click this link](https://fngt.gq/index.php?page=intro). That link will take you to another site to give you some additional information and tell you about some of our off-site features. That's also the site where we will host the weekly guitar threads, should Poal go down. **NOTE:** That site is by invitation only. If you want an invite, and you're a regular participant, then just ask COF, Crazy, or myself. If you do know what's going on, you probably don't need to click that link - but you may want to, to make sure you know of the other features, such as the archive or a separate forum that's invite only. Remember, we are guests here on Poal. Let's act like it. If you're interested in supporting Poal, then [you can donate](https://poal.co/donate).

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[–] • 0 pt

The only thing I have to leave my kids are my worldly possessions. That includes our home that does not have any mortgage or liens on it. I actually was thinking about putting the home in their names and not mine so they won't have any issues maintaining ownership when I do go. It's not a fortune but it still will help them somewhat as they go through their lives

[–] • 0 pt

Yeah, I have a lot to leave my kids - including having ensured they knew how to be productive, happy, and healthy adults. So, I was able to make sure of that. There's the material wealth, but that's only going to last a few generations unless their kids are smart about it. If they're smart about it, it'll be at least a leg-up for generations to come - things like paying for any heir's college while giving them a stipend during school.

And, yes... DEFINITELY add (don't take your name off) their names to the deed ASAP. Otherwise, it requires going through probate and all that shit/expense. If their names are already on the deed, it doesn't matter that you kick the bucket. They each get an equal share of the estate.

Do it today. Well, do it tomorrow. Do it as soon as you possibly can.

Otherwise, it's gotta go through probate - even if everyone is in agreement. That can be a bit pricey, depending on where you live. It's usually just a few hundred bucks. But, it also gives people the chance to argue - right or wrong - that they should have a piece of the action.

Giving them free and clear property is awesome, by the way.

Don't put yourself down - not even in the slightest. Leaving lien-free property is fucking awesome. If nothing else, assuming they're not stupid, they'll always have a roof over their head.

[–] • 0 pt

I wasn't putting myself down. I will look into what I need to do to get their names on the deed tomorrow. I want things to be easy as possible for them when the fateful day does come.

[–] • 0 pt

Yeah, definitely get them on there ASAP!

You don't have enough assets to worry about putting things into trusts, probably? If you get upwards of 500k in additional assets then you might want to look at putting things into trusts, as they're preferred over willing something to someone.

You can name someone in a trust, negating some inheritance taxes (for example). Trusts can do a whole lot of stuff. They're not too far from being their own incorporated entity. I'd not worry about it as a will should be adequate. But, if your finances change, consult a lwyer and look into trusts.

That said, you should write down some general guidelines.

Another couple of things (while handing out unsolicited advice):

Life insurance. I'm not sure your income is consistent enough to pay, but even a small plan is inexpensive. Hell, my favorite credit union gives you a 10k life insurance policy just for being a member.

The other is 'pre-needs'. Basically, that means you pay for your funeral expenses before you die. It's like 4k for a cremation. It's an average of like 12k for a full-on funeral. That removes a huge burden from your family.

Yes, I realize this is unsolicited advice, but I've had death on the brain lately.