Quote:
Originally Posted by davidmash
We do not have kids to worry about but we have assets and we want to set up MPOA's just in case something goes sideways.
I have not started to look into this yet but I have looked at the legal zoom page ($150) for will, MPOA's living will/trust ...etc. Is this a good way to go? Do I need a lawyer (hate the idea of spending for a lawyer if not needed). Can you just down load a generic doc and fill it out?
Any suggestions?
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You can give as much as you want to charities now. You can give up to $14,500 per year to whoever you want, and they do not have to pay taxes on it.
Do it now, so you can see and enjoy the benefits or joy the recipients get when they use it. I even considered borrowing against equity to do the same. That borrowed money can be given away same as earned money.