ANONYMOUS BLOGS
May 21, 2025
Who Should Be Your Beneficiary?
Your beneficiary should be someone you know, love, and trust. If you're even slightly worried that they might misuse what you leave behind—or worse, cause harm—then they may not be the right choice. And if someone falls out of favor later? You can absolutely remove them. You're in full control as long as you're alive and mentally capable. In other words: Handle Your Business.
Updating your beneficiaries on things like bank accounts, brokerage accounts, retirement plans, and life insurance policies is simple—just fill out a change of beneficiary form.
Now, when it comes to real estate or vehicles, it’s a bit more complex. You can't just name a beneficiary like you can with a bank account. For these types of assets, it's best to place them in a trust. That way, they can be transferred quickly and smoothly upon your death—without the need for probate. If you need to make changes to ownership, especially for property, consult an attorney to make sure everything is done properly.
ANONYMOUS
May 12, 2025
Beneficiaries: The People (or Pets) Who Get Your Stuff When You Die
When you pass away, someone—or something—gets your stuff. That someone is called a beneficiary. And I say "someone" loosely, because it’s not always a person. Beneficiaries can be family members, friends, charities, foundations—or, in the case of Leona Helmsley and Oprah, even a dog. (For the record, neither left their entire estate to their dogs, but those pets definitely didn’t end up in the local shelter.)
The key point? You decide who gets what. Without named beneficiaries, your state steps in and decides for you, typically following a legal bloodline hierarchy that doesn’t care whether you were close or even on speaking terms. It’s about legal relationships, not personal ones.
If you name beneficiaries in a will, your estate must go through probate—a legal process that can take time and becomes public record. That means anyone can look up what you left behind and who got it.
If you use a trust, the process is usually smoother. No probate. No public record. And the person you name as successor trustee takes care of distributing your assets according to your wishes.
ANONYMOUS
April 29, 2025
Regardless of your trust’s name, you remain the trustee and authorized signatory.
You may appoint multiple trustees if desired, and you also designate successor trustees. As the signatory, you retain ownership and signing authority for trust matters. A successor trustee steps in to manage the trust only if the original trustee becomes unable to fulfill their duties due to incapacity or death.
ANONYMOUS
April 25, 2025
What can we do to change or guide a company’s behavior?
A. Boycott the Company
This can lead to a decline in immediate sales, revenue and brand reputation. If enough people participate, it sends a strong message to the company that its current practices need to change.
B. Buy Stock/Shares in the Company
When you buy stocks and shares in a company, you become a part owner of the company, or a Shareholder. You have the right to vote on important decisions, go to annual meetings, and sometimes suggest changes. Additionally, you’re acquiring an asset that may increase in value.
BOTTOM LINE
It’s ultimately a numbers game — the more boycotters or aligned shareholders, the stronger the impact. Boycotting works from the outside, while buying stock allows you to influence from within. Both can be effective, depending on the situation and the level of support behind them.
Understandable.
One major issue with not having a Trust? Your WILL goes through PROBATE.
Just ask the beneficiaries of Howard Hughes or Jimi Hendrix. Both of their estates were tied up in probate for 30 YEARS.
Forget “Got Milk?” The real question is: “Got Trust?”
Just one tip: Don’t put it in your name—keep it ANONYMOUS.
April 14, 2025
April 10, 2025
B.O.D. (Board of Directors)
I’ve worked with and invested in some big companies, and they all had a Board of Directors—so I figured, why shouldn’t I have one too?
They can come from anywhere—friends, family, coworkers, or any strong relationship you’ve built. What really matters is their background: their education, experience, and expertise.
My current Board of Directors includes Human Resource Directors, Attorneys, Accountants, Doctors, Bankers, Brokers, and Publishers, among others. The number can vary, based on my needs. They serve as my go-to advisors offering clarity and guidance grounded in their specific areas of expertise.
Right now, I can honestly say that some of them may not even realize they're on my board. We don’t hold formal meetings, and they’re not officially compensated—but I take care of them. I remember their birthdays and holidays, stay in touch, send referrals their way, and keep them in the loop with what I’m working on. I regularly seek their advice, perspective, and words of wisdom. Over time, they’ve given me wake-up calls, spot red flags I might miss, and help me stay grounded.
I trust them, and they trust me. I don’t just recommend having a Personal Board of Directors—I believe it’s essential for any business, no matter the size. We all need trusted advisors. People who can see through our B.S., challenge us, and won’t just say 'yes' to keep the peace. They serve as guides, acting in our best interest—so we can grow, evolve, and ultimately get beyond the game.
ANONYMOUS
Wow,
When you think about Elvis Presley a lot of images, music, movies, and moves come to mind. However, when you think about the Presley family, did you ever think they had excellent Estate planning?
Regardless of our thinking, the odds are totally against us knowing or even guessing the name of the Trust set up by his daughter, Priscilla.
Let’s back up a bit --- Elvis died at the age of 42, back in 1977, 48 years ago. He was smart enough at that age, in that time, to provide her trust to her at age 25, at which point she was smart enough to make her trust anonymous. She did not put it in his name, her name, the family name, or the name of anything music or career related. It was brilliant.
Who would ever have attached or connected “The Promedade Trust” to the Priscilla Presley Family?
That’s what I’m talking about, ANONYMOUS