Tag Archives: Trust law

Shoes Too Small…


In my first newsletter, I announced that I am now licensed as a Professional Fiduciary,* and  also explained the purposes of this newsletter, one of which is attending to the emotional/spiritual aspect of aging well, since many of us are in what Carl Jung calls the “Second Half of Life.”  In the first half, we build our career, start a family, and establish our status quo in the eyes of the world.  In the second half, we begin to look more at the joy and meaning life brings outside of any role, accomplishment or success we experienced, or didn’t.

Who are we beyond being a mother/father, wife/husband, or accountant/teacher?  Carl Jung says,

“We walk around in shoes far too small for us.”

By shoes, he means these roles in our life—which brought us identity, status, money and meaning.  But eventually each role waxes and wanes in our life.  (I’ll be an empty nester in two weeks, so the waning role of parent is on my immediate horizon.)  Part of a life well lived is seeking deep joys and a truer sense of who we are outside these roles.  If you are feeling the pinch of shoes too small, take them off for a minute and go for it!

WILL & TRUST:  Leaving a Legacy of Clarity, Peace, and Generosity…

…rather than a legacy of confusion, conflict, and unplanned inheritance.

Several of you contacted me after my first newsletter about needing to make a will/trust. As a Fiduciary, I do not draft a will/trust, but I can recommend excellent estate lawyers in this area (for I’ve met quite a few lately!).  Some of you need to update your will and possibly make a trust.

Why do so many of us put this off?

We don’t like to think about our own inevitable death, or worse, the possibility of our own incapacity. This is an important, but non-urgent need in life.  Most of our life is lived in the tyranny of the urgent, some of it important and some of it not.  (Stephen Covey).  For those who need to attend to this, or need to help an aging parent do so, here are some facts to increase your sense of urgency:

Without a Will

State laws will determine who your money goes to, not you.  There’s no possibility of leaving a legacy of charitable giving or provide for charities currently depending on your support.  Your loved ones are left with confusion about what you wanted, and who should be in charge (i.e. the administrator of your estate).  This could cause unfortunate conflict among your loved ones.  If you have children under 18, the state will decide who becomes their guardian.  This also could cause conflict among your family.  If you have children over 18 but not yet launched, they could receive a large sum of money that they are not mature enough to handle.

Without A Trust:

Your assets (like your home) would go through Probate, and the fees are determined on the value of these assets, not including debt.  Currently fees are about 3%.  So if you own a home worth $900,00 with a mortgage of $600,000–your probate fees are set on the $900,000 figure.

Children over 18 would inherit money all at once, rather than have it distributed to them through a trust that encourages responsible behavior and education.  In case of a sudden death or incapacity, you would not have a successor trustee ready to step in and run your affairs and take care of the financial needs of dependent loved ones.   If you need to get going on this, contact me for lawyer recommendations, or if you’re out of the area, I could also advise you on what you might look for in an estate lawyer who would work well for you.

“We walk around in shoes far too small for us.”

“We walk around in shoes far too small for us.”

Psychologist Carl Jung


Stephanie Allen



* What is a Professional Fiduciary?

A Professional Fiduciary is trained and licensed for these 3 roles:

  1. To be the Conservator/Guardian of a person and/or a person’s finances.
  2. To be the Administrator of a person’s will when they pass away.
  3. To be the Trustee of a trust while a person is alive, after they have passed away, or on behalf of a loved one.

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Filed under Second Half of Life, Wills and Trusts