LATEST CHATTY HEADER
Subscribe to Shacknews Mercury starting at $1/month!
Chrome Shack Community Guidelines Chatty Search
Scroll down to join the conversation.
New to Shacknews? Signup for a Free Account
Already have an account? Login Now
Subscribe to Shacknews Mercury starting at $1/month!
Chrome Shack Community Guidelines Chatty Search
Scroll down to join the conversation.
As I recently posted, my wife's brother Matt was murdered Tuesday. His estranged wife and her new boyfriend have been arrested for the crime. They're going away for a long, long time.
Matt had two children, ages three and four. These kids are now effectively orphans. My mother- and father-in law have stepped up to the plate to raise these children.
They need help. Between the costs of the funeral and the expenses associated with small children, they are broke. The kids need clothing and toys. My in-laws' home is small, and a new room needs built to accommodate the kids, who are currently sleeping on couches. My father-in-law is a contractor and can provide the labor, but materials still have a cost.
If any of you have cash to spare, my family and I would greatly appreciate any donation you can provide. Every dollar will help.
As of this time, we have raised nearly $7,000 dollars for these children. This is truly the Shack's shining moment, as the vast majority of those donations stem last Evening Reading. News is spreading, however! More people outside the Shack are hopping on board the Generosity Train! If you want your Shack Connection known to me, put it in the notes with your donation!
All relevant information along with news reports can be found on this simple blog I set up.
http://mcpeakkids.blogspot.com/
Physical Donations: I will be purchasing a PO Box for physical donations once the Post Office reopens on Monday. Once I get the address I will post for you guys. However, cash is probably more useful to avoid repeats!
Thank you.
Thread Truncated. Click to see all 229 replies.
You can do a UGMA/UTMA account where the funds become the property of the kids once they hit the age of majority (depends on the state - Virginia is 18). I know that when I worked for WaMu, there was the ability to specify another age for the funds to get released, but that would be something to check with whatever bank you're going to take the money to.
Keep in mind with a UGMA/UTMA account that all it'll do is gain interest (depending on the type of account). You can throw the money into a CD for like 5 or so years, then when everything comes due, throw it in there again, etc. etc.
The other option is a trust investment account - through a brokerage. Alot of banks will have their own brokerage firms/arms and can take care of you in an almost one stop shop.
The post has been reported. Thank you!
You must be logged in to post.
You must be logged in to post.