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Finally some debt progress! Plus estate planning

April 14th, 2011 at 03:38 pm

A regulary quarterly payment to one of NT's student loans, which are not in repayment yet but do accrue interest, hit today. Since I'd made some extra payments to it, some of this payment went to principal: $215, to be exact. That makes it $999 down, $1 to go on my April debt-repayment goal. LOL. I don't think that's ever happened before.

AS has one, maybe two, student loan payments that will hit before the end of the month, so I'll make this goal easily.

We had our estate-planning conference call today. We made a lot of progress: answered some questions, clarified some things and got some homework. Basically we need to make sure all our retirement accounts have the right beneficiaries, because those operate outside the probate system. We also need to find the deed to our U.S. condo, and the lawyer is going to help us get three-way joint ownership. Also, he's going to talk to some UK colleagues to find out the best way to handle NT's UK condo: set up joint ownership, or just have NT specifically mention in his will that he's leaving it 50% to me and to AS.

We also need tax ID and legal-entity names for two nonprofits that are getting a portion of our will if all three die and AA or another child isn't surviving: AS's employer (a nonprofit publishing house) and my alma mater (a small liberal-arts college). (Yes, you have to think of all outcomes in these matters!)

So after a long time, some real progress! This will give us some peace of mind that if something tragic or unexpected happens, we are all taken care of.

2 Responses to “Finally some debt progress! Plus estate planning”

  1. Looking Forward Says:

    Estate planning is in my mind too.
    Great job on getting started! Big Grin

  2. creditcardfree Says:

    Yipee!! Progress on this front. Very excited for you to get these things in order.

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