Quoting khigh:" <blockquote><b>Quoting JiLLiAN.:</b>" what do you need a lawyer for?"</blockquote> ... [snip!] ... the estate, probate, reference for financial manager, and fight in court whoever else believes they have a claim to the money."

ah. i hate my financial advisor. i wanna go elsewhere.

but thanks for reminding me - i really need to make a will.

<blockquote><b>Quoting JiLLiAN.:</b>" ah. i hate my financial advisor. i wanna go elsewhere. but thanks for reminding me - i really need to make a will."</blockquote>




We review ours every time DH goes on deployment. It's one of my least favorite things to do.

Quoting khigh:" <blockquote><b>Quoting JiLLiAN.:</b>" ah. i hate my financial advisor. i wanna go ... [snip!] ... a will."</blockquote> We review ours every time DH goes on deployment. It's one of my least favorite things to do."

Yeah, i really don't want to. But, I'm not with my first son's dad and if anything ever happened to me I don't want him getting diddly squat.

Quoting JiLLiAN.:" Yeah, i really don't want to. But, I'm not with my first son's dad and if anything ever happened to me I don't want him getting diddly squat."

why would he get anything? or you talking about custody? He cant have your money lol

Quoting mamaluvsher4babies:" why would he get anything? or you talking about custody? He cant have your money lol"

i'm pretty sure he would try ....couldn't he say it would be helpful in raising LO?

Quoting JiLLiAN.:" i'm pretty sure he would try ....couldn't he say it would be helpful in raising LO?"

I see what your getting at ok LOL..gotcha ya  

Quoting 12.21.07¤04.18.13:" <blockquote><b>Quoting SpaceCowgirl:</b>" How do you think most people get wealthy?"</blockquote> ... [snip!] ... family. And I think most of the people who are self-made would have a hard time building it back up in a short amount of time."

According to a recent study, 86% of millionaires are self-made. Link

Why do you think they would have a hard time building their wealth back up if they've already done it once?

Quoting Back to Noob Status:" <blockquote><b>Quoting SpaceCowgirl:</b>" I'm always amazed by the stories of lottery ... [snip!] ... broke a few years later."</blockquote> Ninety percent end up having nothing left of their winnings five years later."

It's crazy, but then I have to remind myself that they were dumb enough with their money to buy a lottery ticket in the first place 

<blockquote><b>Quoting SpaceCowgirl:</b>" According to a recent study, 86% of millionaires are self-made. Link Why do you think they would have a hard time building their wealth back up if they've already done it once?"</blockquote>


Since you said "to all citizens", I assumed you were including the children of the wealthy too. There are more of them than there are theones who earned the money themselves.

And since the average age of millionaires (your criteria for "wealthy", not mine) is 65 and most of them spent their while lives building up their empires.

Though I suppose it depends on how much money each person ends up with. Maybe they'd still be millionaires after the distribution.

Quoting SpaceCowgirl:" It's crazy, but then I have to remind myself that they were dumb enough with their money to buy a lottery ticket in the first place "

Like the ones who spend there last and only $1 on a tciket and win!! I am not that lucky so I dont even try it!

Quoting 12.21.07¤04.18.13:"Since you said "to all citizens", I assumed you were including the children of the wealthy too. There are more of them than there are theones who earned the money themselves. "

Prove it.

Quoting khigh:" <blockquote><b>Quoting Back to Noob Status:</b>" <blockquote><b>Quoting ... [snip!] ... lottery winners? There's one guy who lost all of the money, went crazy, and now lives at a run down motel and feeds stray cats."

I didn't see that one, but I did see one about the guy who committed suicide b/c winning the lottery ruined his life and marriage. It was SO sad.  

Quoting SpaceCowgirl:" It's crazy, but then I have to remind myself that they were dumb enough with their money to buy a lottery ticket in the first place "

I don't see a problem spending a couple bucks on a lotto ticket, but I have heard of people blowing four hundred dollars for four hundred tickets in multiple states. It is ridiculous!

Having money might encourage those who cannot afford it to invest or go to school, but even when given opportunities like financial aid, grants and loans many still choose not to. I certainly do believe there are poor people, who if given some money will take advantage of it to make a better life for themselves. But I do not believe that the majority of would be able to continue their new lifestyle.

Wealthy people become that way by being fiscally responsible and not throwing money away on things like credit card interest and rent. For those who were very rich, I don't believe most of them will be able to return to their previous lifestyle because that kind of money comes not just from hard work and being smart about money, but is also the result of a good bit of luck. I do believe most would be able to return to the top 10% though. You can take a man's wealth and redistribute it to the masses but you can't do the same for his education.

Quoting Back to Noob Status:" I don't see a problem spending a couple bucks on a lotto ticket, but I have heard of people blowing four hundred dollars for four hundred tickets in multiple states. It is ridiculous!"

Sure, but I wonder how much the average lotto winner has spent in loser tickets before they won big.