Keeping your ducks in a row, for your family.

Discussion in 'Ask An Owner Operator' started by blairandgretchen, Dec 27, 2023.

  1. Ed james

    Ed james Bobtail Member

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    Trying to get my mom to do things now while she can.
    My mom has a nice little farm that she wants me to have, but I don't want it. Trying to get her to sell now and make investments. I'm thinking she'll need the cash flow for her care in the future. I can't make her understand unless she just drops dead I'll have to sell the farm to pay for her care. Older people can be very hard headed.
     
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  3. NightWind

    NightWind Road Train Member

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    Ya know the older we get the harder it is to move away from everything we have worked and slaved for. However, I understand your dilemma. But ask yourself will she be happy away from her farm and where will she live until the time she needs assisted care if that happens. At least she has a child that cares about her and wants things to be better for everyone concerned.
     
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  4. NightWind

    NightWind Road Train Member

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    First let me say I am truly sorry for your loss, loosing a mate must be brutal. Thank you for sharing and giving us some insight into the problems that lay ahead. Because of what you reminded me of I got on my lawyers butt about my will and stuff. He's a good friend but hates to talk to me about these things with people he cares about. Sad but true.
     
  5. ibcalm19

    ibcalm19 Road Train Member

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    True indeed. We went through that with our mom. My sisters had a problem with what our mother told us. She didn't write it out but we all heard it when the subject would come up. I followed through with what our mom wanted. It pays to write things out while you are in your right mind & strong
     
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  6. blairandgretchen

    blairandgretchen Road Train Member

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    Update, I guess -

    I went over there yesterday and broached the subject (at Gretchens' behest) of how his finances were, because Marlene handled everything, and was very closed shop - to the point their son, Paul - was in the dark about 90% of it. He was cool with that, so I spent a few hours poring over poorly filed paperwork.

    We went through everything, and it's all OK, just a visit to the insurance agent to 'trim down' some things that they "As a good neighbor, like State Farm is" - haven't removed. And the health insurance guy in town, but he actually has a conscience.

    Unknown to Paul and his sister - Marlene,(Toms'late wife) had portioned off about $150k from their investments, that Tom has no control over.

    When Marlene was in the hospital a few years back, she made Gretchen swear that "Tom better not have some skank living up in the house" if she passed suddenly. Her fear was that Tom would take up with some gal, the funds run dry, house sold, whatever - and the kids would have nothing. So she set this deal up accordingly to her fears. Neither of the kids want to touch it as long as Tom is alive.

    I bounce all of this off his son, and Tom. I've learnt quite a bit in the last month or so. I like Paul, we always got along. But Tom always treated the children as just that - whereas , for some reason, I just lay it down and shoot it straight - and he appreciates the help. I stopped treating my parents as adults when I became one - and it was a different relationship. For some reason, some parent/child relationships never move on from . . . just that.

    We went down to the SSA, they had already received a copy of the death certificate, we had one. She earned less than him, so benefits end. If it had been the other way round, it's a different calculation.

    There's a one time 'death benefit' from the state, a whopping $255, after a scheduled phone call 2 months from now, Sigh.

    Just tidying up loose ends. Paul will be back here in May to sweep up the loose clippings.

    Had him over for dinner last night. 146lbs. 6'2" tall 84 year old man that used to leap 4 foot fences with a single hand hold, when I met him at 70. Need to find the fattiest burger joint around and drive him there everyday.
     
  7. Vampire

    Vampire Heavy Load Member

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    My condolences to you and your family.
     
  8. Opus

    Opus Road Train Member

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    It sucks when you can't believe 100% in your spouse. It sucks even more when you really give a #### about what you have/had when you're dead. The only thing I care about is if The Hazul will be ok financially if I kick tomorrow. That's what I've worked/planned to do. That was my goal. And I did it. And I have no more worries.

    Personally, I've never lived my life to provide for my ADULT children. If they get a piece, well good on them. Otherwise, my thoughts were only for my wife.
     
  9. '88K100

    '88K100 Road Train Member

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    Regarding wills make sure their is a beneficiary named. Some people tend they leave everything to estate which means estate will go into probate hell for the executor. Always name Beneficiary.
     
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