[quote=flu]I’ll give you another true short story, about one of my friends.
Both of his parents were utterly complete misers. The saved every penny, penny pinched, to the point that they didn’t enjoy any of it. When asked, they use to say, they needed to save like misers, for the future…
Then his mom died…His father remarried someone half his age. Though she wasn’t necessarily a gold-digging spend-like-there’s-no-tomorrow, she obviously needed to be well kept. A year later, his dad died too. Guess were most of that hard earned/saved money went?
Morale of the story. If you pass away, chances are your spouse will remarry. Why should you make it easy for your spouse’s future significant other to enjoy what you should have enjoyed yourself?
Think about it.[/quote]
Excellent post, flu.
BTW, for those who are worried about such things:
“QTIP trust
A marital-deduction trust in which the surviving spouse receives income from the trust’s assets for life but the trust’s principal is left to someone else, usually children. A QTIP trust controls the eventual beneficiaries while at the same time taking advantage of the marital deduction and providing an income for the surviving spouse.”