Fortunately, we haven't created any trusts as we had no desire to go beyond the maximum purchases we were able to get without going down that path. So that will never be an issue for us. As I noted in my original post, we do have some ways to mitigate the issue for our heir, but there are situations where that won't help (both of us dropping simultaneously for example). Regardless, she'll have a significantly larger portion of her inheritance outside TD but it will be worth her while to for her, or her representative, to stay on top of TD if it comes down to that. A year's delay won't matter for her, for example. All said, I can only speak for my situation, not for anybody else's.Well I didn’t plan to change anything either…until I did.
Sorry it's not worked out for you. I have no plans to change anything I'm doing. I've purchased all of the I-bonds I need for my purposes with the only thing left is waiting for them to mature. If it's as bad as you are saying, then they literally have years to get their act together before I would have to interact with them again.
Cheers.
At some point created a trust due to unexpected change in life circumstances. Took Vanguard 1 week to do what was needed, took like 20 weeks for TD. While waiting they locked my account so had no access. Ended up having to get 2 signature guarantees on 2 forms, requested at separate times so had to go get the sig guarantee on 2 trips to the bank. First to request the trust transfer, then later to unlock the acct.
And as you can see from many posts, if you pass away before they mature, you are leaving a similarly difficult situation to heirs. You may not care, many do. None of us plan to die before maturity, but we have no say in the matter.
Cheers.
Statistics: Posted by dcabler — Mon Nov 18, 2024 6:35 am — Replies 127 — Views 25662