Monday, June 27, 2011
Monday, June 20, 2011
A couple of years ago friends of mine, sisters, learned that they inherited quite a sizable estate. A family friend of theirs, that had little family, passed away and surprised the girls with a downfall of trust funds and property. Since the girls were barely teens, most of it is in trust and distributed incrementally. College and cars and expense worries are a thing of the past. Hell, they could even skip college-unless they just go for fun. (a route that I heartily recommend!)
So, how are they handling the new found wealth? By finishing high school and college, and working at their family business. They are the most goal oriented and polite girls you would ever want to meet and I am very proud of them.
Believe it or not, this past Saturday I learned that ANOTHER acquaintance has had a similar situation. Seems someone he was nice to, left him a large bag of money. He will probably retire early and enjoy life. Lucky dude. Hopefully some donations are in the wind, but I think it's too soon to tell. I can only imagine that it takes some time for the shock to wear off and reality to sink in.
And finally, I read today that a homeless man was found--after a two year search to accept his inheritance. Cool for him. I hope he can handle it and that it does, in fact, somehow improve his life.
So now, the big question, dearies. What would you do if you found yourself in an unexpected tax bracket? Donate? Retire? Travel? Save? I know it's an age old party question, but I still would like you to consider and let me know your answer.
Have a great week and remember, "frugal is such an ugly word"..... xoxo