BestBanker

re: Had to put down my best friend yesterday.

Posted by BestBanker on 2/28/26 at 12:41 pm to Nutriaitch

I'm sorry and understand. I did too. It's a rough couple of days and hope you're good.

re: Chris Berman will retire from espn

Posted by BestBanker on 2/28/26 at 11:21 am to nicholastiger

Chuck "New Kids on the" Knoblauch

John "I am not a" Kruk. :lol:

More Sports

re: I want Biblical evidence that Christians are called to support Israel

Posted by BestBanker on 2/28/26 at 11:16 am to High C

re: Revocable Living Trust (RLT)

Posted by BestBanker on 2/28/26 at 8:40 am to KWL85

No, a revocable living trust (RLT) does not automatically convert assets to trust ownership at death; assets must be funded into the trust during the grantor's lifetime or designated to transfer to the trust through a will or beneficiary designation. If not properly funded, the assets may go through probate instead.

Money Talk

re: Biden stuns fellow passengers as he flies commercial

Posted by BestBanker on 2/28/26 at 8:35 am to idlewatcher

Bet that guy wasn't Biden.

re: Name of upcoming Iran operation

Posted by BestBanker on 2/27/26 at 5:49 pm to TechBullDawg

Operation Flock of Seagulls.

"And IRan, IRan so far away..."

re: Science confirms earthquake described by the Gospel of Matthew at the Crucifixion...

Posted by BestBanker on 2/26/26 at 4:14 pm to OysterPoBoy

quote:
What was Matthew’s last name?

The Apostle.
Of Capernaum.
The Tax Collector.
Levi.

You pick.

re: What Were You Doing On A Friday Night In High School?

Posted by BestBanker on 2/26/26 at 7:39 am to LSUtoBOOT

Frost top/A&G High, Ganus

re: What Were You Doing On A Friday Night In High School?

Posted by BestBanker on 2/26/26 at 7:20 am to LSUtoBOOT

quote:
All the way from the West Bank?

I spent half of my growing up life over there. School and friends. Crossed that bridge twice a day.

re: What Were You Doing On A Friday Night In High School?

Posted by BestBanker on 2/25/26 at 1:42 pm to STigers

Playing basketball then after to Ground Pat'i on the lakefront.

re: Fox “mysteriously” off disconnected at gym

Posted by BestBanker on 2/25/26 at 9:26 am to LChama

re: James Carville: Betrayal Within Trump's inner Circle

Posted by BestBanker on 2/25/26 at 9:22 am to cajunangelle

re: During SOTU USA chant Dem Rep starts "KKK" chant

Posted by BestBanker on 2/25/26 at 9:18 am to BCreed1

Historically, it is their baby.

re: Revocable Living Trust (RLT)

Posted by BestBanker on 2/25/26 at 9:15 am to Free888

I think you may be referring to the asset protection feature, in the event of a grantor's child going through a divorce proceeding. Yes. Assets owned in trust for a beneficiary are not subject to civil claims.

Money Talk

re: Other than a Lawyer or HR person who is someone I can talk to about Short Term Disability?

Posted by BestBanker on 2/24/26 at 5:23 pm to Grinder

re: Great summary on the “Foreign” influence on scotus. Hint: it’s not China

Posted by BestBanker on 2/24/26 at 4:08 pm to SlowFlowPro

quote:
They are associated with Jewish banking conspiracies, not British ones. Any overlap with the UK is either coincidental (due to the overreaching power of the CT) or a retarded, ad hoc attempt to justify a different CT. Fitting square pegs into round holes, so to speak.

some light history of the British Rothchilds banking family

quote:
The Rothschild banking family of England is the British branch of the Rothschild family. It was founded in 1798 by Nathan Mayer Rothschild (1777–1836), who first settled in Manchester before moving to London, Kingdom of Great Britain (in present-day United Kingdom). He was sent there from his home in Frankfurt by his father, Mayer Amschel Rothschild (1744–1812). Wanting his sons to succeed on their own and to expand the family business across Europe, Mayer Amschel Rothschild had his eldest son remain in Frankfurt, while his four other sons were sent to different European cities to establish a financial institution to invest in business and provide banking services. Nathan Mayer Rothschild, the third son, first established a textile jobbing business in Manchester and from there went on to establish N M Rothschild & Sons bank in London.

re: Great summary on the “Foreign” influence on scotus. Hint: it’s not China

Posted by BestBanker on 2/24/26 at 3:22 pm to SlowFlowPro

quote:
Some nefarious version of British banking doesn't control the world, which is the thesis of that outfit

Who or what do you consider the Rothchilds?

re: POTUS will propose Personal and Corporate Tax Cuts tonight at the SOTU

Posted by BestBanker on 2/24/26 at 2:39 pm to NC_Tigah

I want a 36% reduction.

re: Revocable Living Trust (RLT)

Posted by BestBanker on 2/24/26 at 9:35 am to BigLSUNut

Advantages of a Revocable Living Trust
Avoids Probate

Assets in a revocable living trust do not go through probate, which can be a lengthy and costly process. This allows for quicker distribution to beneficiaries.

Maintains Privacy

Unlike wills, which become public records during probate, a revocable living trust keeps your assets and their distribution private.

Control Over Assets

You can manage and amend the trust during your lifetime. This flexibility allows you to change beneficiaries or terms as needed.

Continuity During Incapacity

If you become incapacitated, a successor trustee can manage the trust without needing a court-appointed guardian, ensuring your affairs are handled smoothly.

Pitfalls of a Revocable Living Trust
No Asset Protection

Revocable living trusts do not protect assets from creditors or lawsuits. Since you retain control, assets are still considered part of your estate.

Upfront Costs and Effort

Setting up a revocable living trust can be more expensive than creating a will due to legal fees. Additionally, you must retitle assets into the trust, which requires time and effort.

Limited Tax Benefits

These trusts do not provide tax advantages. Assets in a revocable trust are still part of your taxable estate and do not reduce income tax liabilities.

Potential for Incomplete Funding

If not all assets are transferred into the trust, those left out may still require probate, undermining the trust's purpose. A "pour-over will" can help catch these assets but adds complexity.

Understanding these advantages and pitfalls can help you determine if a revocable living trust is suitable for your estate planning needs.

Hope this helps you. It's pretty simple process.

Money Talk