The "pantry" |
I guess I will be having pork butt soon! |
Weekly meal prep |
Lunches for the week |
The "pantry" |
I guess I will be having pork butt soon! |
Weekly meal prep |
Lunches for the week |
Bolinas Ridge Trail |
Here is Bob, all loaded up and ready for adventure! |
Crossing the Golden Gate Bridge |
View of the Golden Gate Bridge from the headlands |
Dias Ridge Trail |
Getting off the road and back on the trail toward Cardiac/Pantoll |
Ridgecrest Drive |
Bolinas Ridge Trail |
Samuel P. Taylor hiker/biker camping |
View from the top of the hike-a-bike near Kent Reservoir |
Larkspur bike path |
View of the city from Richmond (SF Bay Trail) |
Minneapolis - September 2011 |
As I have mentioned before, I have a folder of all of my important docs and a list of all of my accounts and important details. I often call this list "the death list" because it is the list of things to do after I die, but this sounds kinds of morbid, so I will retitle it the last to do list. I hope that this list will not be needed for a long time, but I am happy to keep changing it if that means I live a lot longer. However, I also do feel that it is important to have your affairs in order, just in case. This post is about item one on the last to do list, setting up a trust.
Before I get started, if you do nothing else or do not feel like reading this long post, at least do these two things: (1) Set up beneficiaries on any retirement accounts or Transfer on Death (TOD) designation on your other accounts. This allows worry free and probate free transfers of your money to someone else and even if you do not have a will or any other paperwork, the money will get into the right hands. (2) Complete an Advance Directive (see below for more info) form which will detail what you want done in case you are incapacitated (i.e. DNR).
But now, let's talk about why any of us would need a trust. A trust will help you to avoid probate. Probate is what happens when you pass away and the court has to approve your will and name or approve your executor. The costs of probate differ by state but in California, costs are based on the gross value of the estate and are 4% on the first $100,000 and then there is a sliding scale after that. Let's just say your assets are worth $100,000. That would be a $4,000 cost!! Also, this process can take six or nine or even twelve months, which can be a pain for your loved ones.
The alternative is to set up a trust. I always thought that a trust was something rich people had for their spoiled kids. This is not the case! A trust is something that protects you, outlines your wishes and minimizes taxes (and avoids probate!). When you die, your successor trustee (the person you want to carry out your wishes) can start doing what you outline right away without getting the court involved. Depending on your situation, setting up a trust should not be too difficult or costly. I spoke to two different trust attorneys and the going rate is around $1,500 - $2,000 depending on your situation and the number of properties you have (in CA it costs $200 per property to change the name on the title). Of course, you could probably also just Google it and fill out something online that would work, but I wanted the peace of mind that comes with having a professional help me. Plus, my job offers legal benefits, which are similar to health benefits where you pay a little bit month. This costs me about $360 per year, so the attorney fees for setting up a trust only cost me $360.
Additionally, not only will the attorney help with the trust, but they will also complete an Advance Directive, a will and a Power of Attorney form for you. If you have not already set these up, even if you do not have a trust, you should at least have these three things.
Why do you need these? Let's talk about each one separately. The Advance Directive conveys your wishes regarding your health in case you become incapacitated and outlines who has the right to make health decisions on your behalf. You can easily get these documents from the internet. Nobody wants a case of Terri Schiavo on their hands. Here is an Advance Directive form that I used in the past. These do vary from state to state so you should use one for your particular state. The other things you should write down and keep with your AD are things like: do you want to be cremated or if you want to be buried, where do you want to be buried, do you have a plot already, etc.?
We all know what a will is, so I won't go into too much detail; however, you may think that it doesn't matter because everything will just go to your next of kin, which is true. But having a will makes things easier for the people you leave behind, specifically appoints an executor (otherwise the state may do this for you) and can detail who will take care of your children, what your wishes are for your funeral etc. Again, you may think that you won't care because you will be gone, but it will make things easier for whoever is left to take care of your affairs. You can also note anyone you do not want to have anything, like creepy uncle Phil for example. This article is very helpful, and also has a free online version of a will that you can use to get started.
The Power of Attorney tells people who can make financial decisions on your behalf if something happens to you. We all think we are invincible but what happens if you are in a car accident and can no longer make your own decisions? The other option is to add someone as a joint account holder on your accounts, which will give them the freedom to use the money to pay for your care, pay your bills etc. However, if you don't feel comfortable with that, you should appoint a POA.
Okay! Let's go back to the trust again. Setting it up does take a little work, i.e. you do have to know who you want to get your stuff, who you want to handle your affairs etc. But once you have decided that, the actual process of doing the paperwork is very easy. For example, I had to give the attorney all of the information about my bank accounts (not numbers, just where the accounts are held), any investment accounts, any properties with addresses and any specific bequests. For who I was going to bequest anything to, all they need is the person's name. No social, no address, no phone. For anyone I wanted to give POA designation to, it was the same. So it was really not as complicated as you may think.
Also, just like most legalese, there is always a phrase to cover you. For example, very common language goes like this: I gift my 13 inch TV to my brother and if deceased, this gift shall lapse. What does this mean? It means if he is no longer around, the gift goes back into my estate. You can set this up however you want and the "if deceased" can literally be a list of 40 people who you want to have in order of importance, or you can give everything to a charity like Warren Buffet.
Do you have any of the abovementioned items? What steps have you taken to arrange your affairs? Do you have any tips to add or questions about the above?
Disclaimer: The information above is solely an opinion based my own personal experience. You do you. I am not a tax and/or financial advisor; nothing in this post should be taken as investment advice. I have no fiduciary responsibility to anyone reading this post. Please consult a financial advisor for investment advice. For my other posts regarding money, go here.
I love this card! (I did throw it away though) |
No more room! (Also, clearly I need to use more butter) |
The first time I traveled abroad I went solo. Of course, these were the days when people could take you to the airport and sit with you while you waited, so my parents came with me and waited with me for part of the time. But then I was a free bird, flying east to France to seek my destiny. I arrived in Paris with two huge suitcases, which I had to drag around the city and then onto the train to Bordeaux, where I would be living for the next few months.
Paris |
Since that day, which was many years ago, I have spent a lot of time traveling solo. Sometimes it is nice to have a buddy to share time and experiences with, and usually when you are alone you can easily find a buddy to share with, but sometimes you just want to do things on your own. Also, sometimes nobody has the time or the money or the desire to do what you want to do, but I prefer not to let that stop me! I feel that although it is sometimes difficult and scary and strange, it has many benefits as well.
Namibia |
Things are hard. Yup, things are hard! You have to figure out in a different language how to get to your next destination or find a product that you need or ask a question. I was in Peru and I needed gas for my stove for a multi day hike and I went to the outdoor equipment store and was ignored at first and then stumbled over the words like a two year old (gas? gaso? fuego?) and then found the gas to be very expensive. I decided to take a pause and recollect my thoughts. I went back to my hostel and saw some gas cannisters at the check in counter and tried again. It turned out, they were half used cannisters left by other people and the guy gave it to me for free! After that, I felt like I was superman, just for something that at home would be a simple chore.
Laguna Churup, Peru - 4,450 meters (14,685 feet) |
There are sometimes scary moments. I was walking on a beach in Brazil when I was catcalled by a bunch of guys just hanging out on the shore. I don't think you need to understand the language to get what they were saying. However, I held up my head and walked past them and of course checked my back when I felt it was safe. On one hand, maybe they were just the "construction workers" of Brazil, but without knowing what they were saying or what the customs were, I knew I should be careful. When I was younger I was so embarrassed when this would happen at home, but while traveling I got through it, and was proud of myself for not just giving up and going to sit in my room alone.
Barerrinhas Lencois Marahenses, Brazil |
You are your own cruise director. There is nobody to help you with the planning, which is sometimes a bit daunting, but on the other hand, you are your own boss. If you want to pivot, you can, and you will not be beholden to anyone but yourself. I traveled to Sweden for a 12 day long hike and about six days into it, it started to pour down cold rain nonstop. By day ten I was wet and cold and tired of setting up my tent in the pouring rain, so I decided to get off trail two days early and go and get a hotel with a warm shower. Did I finish what I had planned? Nope! Did I still have a great time? Yes. Was I disappointed in myself? Not really. But if I had been with someone else I may have done things differently due to external influences. This has allowed me to be more confident and sure of myself and to learn to live up to and learn from my failures, manage changes of plans and deal with obstacles along the way. This also means that if you want to throw in the towel on one activity and go lay on the beach and eat bonbons, you only have yourself to answer to (and myself says, "I love bonbons!")
Sweden - beautiful, but rainy in September! |
Even introverts can make friends. I can spend all day in a room by myself with my book and not be unhappy. However, I can also strike up a conversation about nothing with a stranger and soon have a fast friend. I stayed in many a hostel and made plans with a new to me friend to go and see the sights and before we knew it we had spent weeks together. In Rome, I arrived late and everyone in the hostel I was staying at was already asleep. The next morning, when I got up, there were all kinds of people, and I sat and chatted with them while eating breakfast and found out they were basically going to all of the places I had planned to go, so we decided to go together. I ended up not only hanging with this group of people for a couple of days but also went with one of them to my next destination of Naples and spent a couple of days together there. It is so easy to meet people and often when you are with someone else, you stick to yourselves. However, when alone, you are sometimes more open to meeting others!
Frasier Island, Australia |
Of course, being alone does have it's issues. For instance, when biking alone, when you need to go to the bathroom, there is nobody to watch your bike! The same thing goes for luggage, although I have learned a lot since my first two-suitcase-trip and I can usually carry my pack into the restroom with me. Hotels are more expensive when you can't share, and sometimes going out to eat alone is not super exciting (tip for this: sit at the bar and then you can talk to the bartender, the guy next to you, or nobody, depending on how you feel).
Uyuni Salt Flats, Bolivia |
One thing many people have asked me is whether or not I feel safe, and I can resoundingly say that I do. There are less times than I can count on one hand when I have been bothered or felt unsafe; in fact I have felt less safe in certain places in the U.S. than I have in places like Africa or Central America. Don't let the fearmongers get you down; get out and fly!
Have you ever traveled alone? Why or why not? Do you enjoy it? What do you consider the most challenging part of traveling / traveling alone?
Flight San Francisco to New York on March 11th |
Screenshot taken on March 18th 2020 |
Photo sent to my parents at the end of the week of March 16th - yes, that's a pint glass. |
West Oakland BART |
Financial District (FiDi) |
Equinox gym |
View of Transamerica Tower (was the tallest until 2018) |
NGS wrote a recent post about her walks around her neighborhood and I was mentioning to her how I really have gotten to know some fun places near me due to walking and running. I have lived in Oakland for about 11 years now and have lived and worked in San Francisco on and off for about 25 years, and through those years I have found so many fun little alleyways and stairways and incredible views.
In Oakland, Berkeley and San Francisco, there are a lot of little stairways or walkways where it is sometimes unclear whether or not they are on someone's property or not, but if you are brave enough to take them, you can find some wonderful shortcuts and some really fun things. You can probably find a map of where they are and follow that if you want to, but I kind of like just stumbling upon them; it's an adventure! Here are a couple of my favorites from each city.
Oakland:
Buena Vista Ave / Broadway Terrace - This may be cheating a little, as there are maybe ten different sets of stairs in this little neighborhood. It is like a Choose Your Own Adventure book and each time I go that way, I find something new! Also this neighborhood is up high and you can sometimes get some great views of the city and beyond! Google map.
Yellow denotes stairs/paths. |
Van Sicklen to Elbert St. via Trestle Glen - This neighborhood is nice and this path is hard to find, so I kind of felt like I was trespassing at first! However, it does get you through to higher ground and is a fun little clandestine route through someone's "backyard." Google map.
Berkeley:
Rose Walk - This path is about nine miles from my house and I found it on a run when I was trying to get approximately 20 miles total. I was looking for a turnaround spot and did not want to keep going down La Loma, which was the street I was on. It's a cute little path that you may even miss if you are coming from La Loma, but once you get on it, you go down the hill to Euclid where you can then turn right and check out the Rose Garden before turning around to go home. Google map.
Indian Rock Path - This was another one where I just wanted to find a turnaround on a long run and I stumbled on this path. Not only is the path fun and tiny and green, but at the top of the path is Indian Rock, which I of course climbed up to see what kind of view was at the top. I was not disappointed, as you can see all the way to the city and the Marin Headlands. Google map.
San Francisco:
There are entire websites and books dedicated to the stairways in San Francisco, so I am not going to try to outshine them! However, here are two I frequent often.
Greenwich Steps - If you walk along the Embarcadero going northbound, when you look up and see Coit Tower directly above you, turn left and you will be taken to a fabulous set of stairs that leads up to Coit Tower. Not only is the destination a good one, with a view and everything, but the stairs themselves lead through a neighborhood garden path and make you wonder how the people living here get their groceries home! Google map.
Chestnut Street Stairs - These are not really "hidden" but they do provide a good bump in your heart rate and a rewarding view of Fisherman's wharf and Alcatraz when you get to the top. Also this has nothing to do with stairs, but if you are just looking for a run to do, going down Chestnut is fun and there is a public bathroom at the library that I have utilized often. I like to run down along the Embarcadero/Marina and then back on Chestnut for some variety. Google map.
Here are a few extra photos of cool things that were not included in the list above:
Brigeview Path |
This Mormon Temple lets you cut through their property. |
This sign changes from time to time. |
SF alley to Transamerica tower. |
Where have your walks taken you? Do you have any fun nooks, crannies or oddities in your neighborhood?