I’m great at loading the dishwasher and packing, but my kids are always mocking me for the number of icons on my desktop. If I put it away, I’m going to forget to deal with it. Of course with so many there, I’m likely to forget about it anyway.
I really hate all the Windows auto-folders. I want things in MY folders, thank you.
I want to see those. Truly. I don’t want to have them, but I want to see them.
My very mini rant is about my Mom’s estate. I was feeling guilty because I still don’t have it closed coming up to two years after she died. Then two days ago I got a notice from her utility company. Apparently, it’s a coop and when paying her bills each month, she (then I) was buying “credit allotments”.
According to This Is Not A Bill, there’s $2,120 worth. I called to be sure that this actually meant that she owned some sort of shares and they confirmed that this is true. The allotment can be shifted to a single beneficiary for either a lump sum discounted payout or payout as the shares sell in the normal course of coop business.
The discounted lump sum is about $450. Why such a steep drop? Well, Mom accrued her allotment between 1994 and 2013. The coop is currently cashing out the allotments for 1981. So if a beneficiary waited for the normal payout, there would be yearly payments of about $105 between 2027 and 2046. I did a present value spreadsheet and they’re using a hypothetical rate of return of a bit more than 6.5%
That’s not too outrageous, considering that the first payment is 13 years away. Maybe. The coop board has disgretion regarding when to pay out. It could be later. So who knows what the typical investment will be earning between now and then.
There are two annoying things about this notice. One is that in 2046 I will be 90 years old. Even my youngest sister would be 85. The other is that the house to which this Not A Bill was attached sold in October 2013. I guess they wait until a year is over to add things up. I can see that. But sending the notices out in MAY? That’s a little tardy.
I mean, if it hadn’t turned that California won’t shift title on California property on an Idaho court’s probate ruling, the estate would have been closed already. (I think I’ve already done that rant.)
Sigh. At least Rita, the customer service person at the coop, is responsive.