"Becoming Chaz"

citybutch · 05-15-2011, 04:47 PM

Just as an FYI... (and this is something I can attest to)... one may have very nice things (home, car, etc)... even these days, one may be asset rich but cash poor... It ALL depends on how one's estate is set up. Chaz may have access to some cash flow through a trust... and assets may be given... but no real intense cash flow to go above and beyond. I am not saying this is Chaz's situation... I am just saying it could be a reality...

With something like a Family Charitable Foundation, one may have amazing cash flow... but that cash flow has to be spent in the name of the charitable guidelines of the foundation (which is strict rules established by the IRS)... so even with nice cash flow one may be limited on how that cash flow is utilized.

That being said... My points were just that with whatever resources Chaz may have, I would have loved to have seen a little bit of something on his privilege (WHATEVER that may be)... I think a lot of the questions may be coming from those types of confusion... and not out of any disrespect to Chaz.

05-15-2011, 04:47 PM	#25
citybutch Member How Do You Identify?: Butch Preferred Pronoun?: I answer to "hey you" (either works for me!) Relationship Status: 19 years together- Very Married for 10 years Join Date: Aug 2010 Location: San Diego Posts: 557 My Photo Gallery Thanks: 835 Thanked 1,194 Times in 355 Posts Rep Power: 6434867	Just as an FYI... (and this is something I can attest to)... one may have very nice things (home, car, etc)... even these days, one may be asset rich but cash poor... It ALL depends on how one's estate is set up. Chaz may have access to some cash flow through a trust... and assets may be given... but no real intense cash flow to go above and beyond. I am not saying this is Chaz's situation... I am just saying it could be a reality... With something like a Family Charitable Foundation, one may have amazing cash flow... but that cash flow has to be spent in the name of the charitable guidelines of the foundation (which is strict rules established by the IRS)... so even with nice cash flow one may be limited on how that cash flow is utilized. That being said... My points were just that with whatever resources Chaz may have, I would have loved to have seen a little bit of something on his privilege (WHATEVER that may be)... I think a lot of the questions may be coming from those types of confusion... and not out of any disrespect to Chaz. __________________ Take care of your body, take care of your health... You never know when the walls cave in and it all changes for good.