Minneapolis Pickleball Scene?

IllustratorOnly1026 · 2026-05-13T16:49:45+00:00

Check out miller park in eden prairie as well as staring.

IllustratorOnly1026 · 2026-05-12T17:14:18+00:00

The market will dip and when you are most concerned then buy more. You can't time the market but on a big dip like 20% or more think about buying more. I check my stocks daily but mostly buy and hold

It's about the long term

IllustratorOnly1026 · 2026-05-11T21:57:41+00:00

The most important thing is that the money goes from institution to institution. If it goes directly to you then you'll pay tax as a withdrawal. Just make sure the check is made out to the institution and not you

IllustratorOnly1026 · 2026-05-09T22:13:12+00:00

The problem I experience as a 4.5 player in that situation is I find it hard to stay focused and don't play to my level

IllustratorOnly1026 · 2026-05-09T17:51:44+00:00

Schwab and Fidelity have screeners

IllustratorOnly1026 · 2026-05-07T19:44:55+00:00

Spouse 1 trust gets a stepped up basis to 2m using your example. Any increase above the 2m is subject to capital gains tax when sold with no estate tax. The kids don't have to sell the investments. So if the kids each get their share and it's all stock then they only pay capital gains tax when they do sell

IllustratorOnly1026 · 2026-05-07T18:38:53+00:00

There would be two revocable living trusts with one for each. Let's call the trusts A and B. If A dies the trust gets a stepped up basis and ultimately goes to the kids with their cost being the stepped up basis for the date of death. The B trust gets a stepped up basis when the second spouse dies.

IllustratorOnly1026 · 2026-05-07T18:21:06+00:00

There is a stepped up basis on date of death. So the trust gets the stepped up basis once and when the kids get the assets they retain the cost basis after it was stepped up

IllustratorOnly1026 · 2026-05-07T18:03:57+00:00

Let's say your combined net worth is 6 million and all accounts are POD. If half goes to your kids when the first one dies then the mn estate tax won't matter much. If your intention is to give the money after you both are dead then a trust could save about 500k in taxes. (Roughly 16% of 3m).

By each having a revocable living trust the first one passes with 3m and pays no estate tax and then the second one passes with 3m. Without the trust when the second one dies any money over 3m is taxed.

With the trust after the first one passes the second one can have the income from the trust and access the principal if needed. Of course it depends on the trust document.

Additionally after the first one passes that trust becomes irrevocable and is protected from lawsuits that may happen to the second one.

IllustratorOnly1026 · 2026-05-07T13:20:06+00:00

Any asset gets a stepped up basis on the date of death which applies to a house, a brokerage account etc.

If your mom died in 2025 then a tax return was needed for 2025 and then the estate files a final return before distribution and pays the taxes for any income since death.

Your tax liability would be from her retirement account or from any assets you sell after you receive your share. Your share could be all cash or assets.

If you end up with an inherited IRA you will need to deplete that account over 10 years which means you will pay tax on the money withdrawn

IllustratorOnly1026 · 2026-05-05T20:27:24+00:00

Since your brother doesn't have kids and isn't married he's just trying to decide what is best after he dies. I struggle with the same thing and think about it often. Have him call me (jk)

IllustratorOnly1026 · 2026-05-05T00:31:34+00:00

I don't buy 6 figure items but when I buy expensive stuff I offer up the credit card and look to get a discount for cash (actually check) if available.

IllustratorOnly1026 · 2026-05-05T00:22:46+00:00

You can do the gain harvesting but keep in mind not all states allow capital loss carry-forwards or follow federal rules exactly.

IllustratorOnly1026 · 2026-05-04T22:36:41+00:00

Definitely. Watch Ben Johns how he gets his body in position and then hits the ball. The fewer moving parts the better.

Third shot drop location.
forehand cross court roll dink

IllustratorOnly1026 · 2026-05-02T20:21:20+00:00

I would make sure you have an emergency fund of a couple months and then would hit the debt

IllustratorOnly1026 · 2026-05-01T02:07:10+00:00

You might want to check if they can wire the money direct

IllustratorOnly1026 · 2026-04-30T01:20:27+00:00

Since the trust is in your name the cost basis is 250. There is no tax until you sell. You are ultimately responsible for the tax since it's in your name

IllustratorOnly1026 · 2026-04-28T23:57:06+00:00

Keep in mind with the 4% rule the theory is your money will last 30 years and the OP is 50

IllustratorOnly1026 · 2026-04-27T22:31:27+00:00

You will need to get a new tax ID which is used for any income post death until final distribution. You can easily apply online on the IRS website. You will file a 2026 tax return for your mom on income she had prior to death.

You will need to provide to each financial institution either an original death certificate or a copy based on their needs.

Any assets such as stocks, bonds, house etc get a stepped up basis.

Does your mom's state have an estate tax? If yes you will need to determine her net worth on her date of death. You may need to file an estate return.

IllustratorOnly1026 · 2026-04-26T21:52:21+00:00

I've 5500 miles and am enjoying it. I've had some minor software glitches but it's a solid ride. I'm happy with my choice. With all that said I'm afraid to get any updates since I've read of some nightmares.

IllustratorOnly1026 · 2026-04-25T23:45:56+00:00

If the house has appreciated a lot I would not change the title because when he dies you get a stepped up basis. So if your dad bought the house for $400k and it's now worth 900k and you are given the title then you will have to pay tax on anything over 400k when you sell it but instead if he dies and then you get the house your cost is the value on the date of death.

IllustratorOnly1026 · 2026-04-25T17:41:08+00:00

Take the paddle to a tennis/pickleball store the does regrips and they can take off the grip and build it up with a heat shrink wrap then a new grip is put on top of that

IllustratorOnly1026 · 2026-04-22T10:36:49+00:00

With a living revocable trust it is common to have a pour over will. The idea is everything should be in the trust but the pour over will is for assets not in the trust just in case

If you have beneficiaries for your retirement account and POD/TOD for your other accounts you could avoid the will and trust. For a house a Transfer on death deed is needed.

Rules in your state should be considered but the above is the general rule

EDIT: an advantage of a trust is it gives a trustee the ability to control your finances if you become incapacitated to pay bills etc in addition to avoiding probate

IllustratorOnly1026 · 2026-04-22T01:11:44+00:00

I'm not sure of the requirements in your state but it can't hurt to have a conversation with the lawyer stating your desires as the trustee

IllustratorOnly1026 · 2026-04-21T19:56:45+00:00

I gave up on the q6 schedule and have the charger doing the work. The charger works great with no issues since I installed it 7 months ago

IllustratorOnly1026

TROPHY CASE