Stock Market is the bottom in?

[hunts_with_stick]

After selling our lake home to downsize....we are sitting on a bunch of cash. Also got some big capitol gains tax to be paid....and some other factors. Been looking to harvest some losses....have nothing that even begins to be meaningful. Lots of tax and planning meetings going on....and just gonna have to grin and bear it. I think cash is king for a bit here. Sooner or later we are going to see some fear creep into th.is crazy market. Shaking it over here boss.

We are old....and the only thing that makes sense for us is to gift all we can to our kids and grandkids. Maybe a charitable trust is in our future? Dunno. Good problem to have I suppose..... or maybe a Lambordini? our car and truck are 8 and 9 years old....I suppose we could upgrade......or start gambling. Ugh.

How come you sold the lake house? You didn’t want to leave it to the kids or grandkids? I am hoping to leave our camp/2nd home + land to our kids.

 

[H20fwler]

How come you sold the lake house? You didn’t want to leave it to the kids or grandkids? I am hoping to leave our camp/2nd home + land to our kids.

That’s our plan too.
We are leaving the two farms to whomever likes to hunt and the property we live on with the pond to all of them...setting up a trust to cover taxes/utilities/maintenance so it won't be a burden to any of them. That way it can be a weekend getaway/vacation spot or place to live if any need an "in-between home" if something comes up.
Hopefully it can stay in the family for a couple generations until someone gets greedy.
As far as financial wealth the kids can just split up any that is left equally.

 

[hunts_with_stick]

Oh, I like the idea of setting up a trust. Hopefully I have enough money to do that. great idea.