by Ted Bauman
The Sovereign Investor
“Daddy, what happens to your guitars when you die?”
My daughter has a habit of asking jarring questions like these, especially when she’s unable to overcome the urge — inscribed in our house rules — not to bother me in my office during working hours, unless it’s an emergency.
That’s pretty much always. The first time she asked that question I didn’t have a ready answer. After all, it’s hard to explain the concept of “probate” to a 7-year-old.
But I have an answer for her now … one so simple that even a child can understand it.