Parents Wanted Us To Help Them Pay Their "Small Loan" Until We Secretly Checked The Amount (+Update)
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- เผยแพร่เมื่อ 5 ส.ค. 2024
- Story :-
A story of a family who is torn apart by a large debt that actually lands OP's mother in prison for a few years. OP then finds out about an inheritance that could save OP's mom and dad from the debt but the decide against handing over the money. This story comes complete with an update.
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Story 1: 00:00
Story 1 Update: 12:20
Story 3: 16:15
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Story 1: why hasn’t someone thought of hiring an attorney that specializes in reducing tax debt!
Tell your Father, You put yourself in that DEBT, YOU PAY IT!!
I’d say if you end up with two years in prison and over a million dollars in judgements you screwed up pretty bad. Why is it the kids’ responsibility to make them whole?
Yes, I have to agree, either you are the victim of an incredibly well executed conspiracy or you really did try to screw the IRS. It's not in the IRS's interest to jail you if they want money back, so if you do get sentenced, it was probably REALLY BAD. As in MAKE YOU AN EXAMPLE bad.
Both you and your sister need the advice of a Certified Financial Planner/Tax Attorney. This will clarify your positions that you could take. You need to protect your assets, current and future.
Story 1: call the executor and give them the right addresses and not give parents any information.
Second story, when my FIL got dementia he acted exactly like the grandmother in the story, went from being this gentle, timid man to becoming this horrible, frightening, misogynic monster who more than once had to be stopped by his sons from being violent towards his other DIL and me. Eventually as the dementia progressed he went back to his former self and and was very kind and sweet to me and other DIL
The uncle gave his property to the niece and nephew BECAUSE he knew the IRS would take it. If he wanted the parents to pay off the IRS, he would have just given it to the mom. I think uncle knew they had made the bed, and that they should deal with it. It wasn't worth bailing the parents out
Story 1: NTA - I'm sorry, how is it they feel entitled to your help when they've clearly done NOTHING to help themselves? They still have rental properties? They got to keep their own house? Why should you pay for your Mom's mistakes? I don't believe for one second your Mom's not guilty. When cases go to Federal court, it's because they know they have the evidence to win. I'm pretty sure they have something like a 98% success rate.
I’d say no and move on. My friend spent almost 6 years asking me for money, and when I asked why can’t she ask someone else for the money, she came up with the “you’re the only one that can help” excuse just so she could guilt trip me. She recently spent 6 days pestering me with the story of her cat being hospitalized just to get money out of me. Talk about how exhausting it is to be friends with someone like that.
She would have been my ex-friend over five years ago.
Adopt the cat and ditch the “friend”.
She sees you as her personal ATM.
When Quantity (number of friends) matters more than Quality of friendships? :)
SIX years and counting? Tsk tsk tsk
November 2021 a good friend since 2008, had lost his job due to medical reasons.
He needed money and asked for a loan.
Gave $150, and the following week he asked to move in as his new girlfriend, lives just around the corner.
I don't have room for him at my place, and since I told him he can't move in, he will not answer my calls or messages.
M so fed up with helping others, then being shat on.
2 others since, have been shocked I refused to give help, by way of funds.
They aren't contacting me either, but at least they didn't get any money from me.
Story 1. Frankly, all this "helping family" nonsense is getting old. And "helping" family is usually worse than helping strangers as "family", should they get a bug up their butt, may suddenly decide that because of their being fanily, their debt should be forgiven for whatever stupid reason they dream up. A straight up, unequivocal NO is the best way to go. If they couldn't keep their own ducks in a row, they're sure not going to worry if your ducks all fly away.
Thank you thank you, I am glad others are out there sick and tired of we're family bull crap , they are only family when they want something from ops
Exactly. Under reasonable circumstances (illness, natural disaster), it’s nice to help out. But, there’s no obligation to cover for a family member’s greed, poor decision making or unethical behavior.
Dad is gaslighting you!
Story 1: the whole story told by OP tells me that his mother was actually guilty of tax fraud, maybe because she was pressured by the father. If OP wants to help he could set a trust with an attorney as trustee to help then, but I wouldn't. And the whole "you are forced to relationships with people with character flaws", NOPE, you ain't forced to anything, you just choose to stay in the relationship, being family should mean to endure a entitled parasite
One of the dumbest things that people tend to push upon each other is the idea that you have to keep a relationship with family.... no matter what.
.... and that's just pure bull there's absolutely nothing wrong with separating yourself from family members who are childish and immature, enabling, leeching, dangerous, obnoxious or whatever else...
The people that say that aresame people that say that you must forgive somebody because their family..... I don't believe that anybody has to or should forgive anybody else if they don't want to or know it'll just cause more trouble or pain.... that's just a really good way to get screwed over again....
Forgiveness is a very danger word at times, sometimes it's very cruel too.... I have read and even met people who had a child kidnapp ed from them that was violently assaulted and in ways I won't describe and killed in those parents will protest against the death penalty of the family member that was person who did it ....and actually go in and tell that person that they forgive them! Well guess what? It's not your place to forgive, it's actually the place of the child laying assaulted and dead on a cold metal table or in a cold coffin beneath the ground in the dark whose monsters really did attack. Forgiveness!? Seriously!?! You're just a really s*** parent.
@@ladyweasellou3367 Lady you are so right with your post, I am glad there are others out there you understand that caring for your own mental health, because your " family " won't
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OPs mom needs to consult a tax attorney because that is the only way she’s going to get out from under this mess
Parents in debt: how are OP’s and the sister’s personal finances any of mom and dad’s business? If it was the kids in trouble and the parents were digging them out, I could understand that where and how they spent their money matters. But things are the other way around. The parents have no need to know what the kids have or what they do with it. The parents are being choosing beggars here and are lucky that the kids are helping them at all.
Story 1: Maybe OP and her sister could each pay 25-35% of what they receive toward the debt. Not one penny should go to the parents. If the dad isn't okay with that he can pound sand. OP has student loans and her sister is married and buying a home. They shouldn't have to give up all they receive to bail the parents out. Parents also need to sell what they can to go toward the debt.
That's a waste of money. Best strategy is to keep control of the money. Pay for parents housing and other needs as they come up. Parents need to take care of the debt of their own assets. Parents aren't going to like like. But they got themselves into the problem. Shouldn't expect kids to pay off their debt.
Last story. Yes, Mr. Reddito, I agree that Op needs to force his grandmother to go see a doctor ASAP! My Mother did the same thing. She was a very nice, always a good Christian woman. Kind to everyone and always did what she could to help you, including her family. Now she was a mama bear when it came to her children. If someone did or said something bad about or to us, and we did not deserve it, she would go to bat for us. But if she found out we deserved whatever was done or said, we got into more trouble from her and from dad, and punished. Put otherwise she was the sweetest woman and very, very rarely lost her temper. The best mother for any child to have!! All her friends said so too. Then she changed. She started saying no one loved her, no one would do anything for her, we were all against her. And then she stepped things up and started saying we were trying to poison her, even when we would take a bite of the food or drink of whatever she had. She started refusing to eat or drink. We finally made her go see a doctor when a nurse, also a cousin of ours, told us what it sounded like. She was right. Mom had advanced Alzheimer's!! She soon turned violet as well, and she had never been so in all my life (I'm the oldest child and 68 years old)! We finally had to put her in a Nursing Home so she had nurses around the clock who knew how to handle Alzheimer's patients. They managed to get her to eat and drink enough to keep her alive, and get her to take her medication - for a while anyway. But finally Mom refused to do so. And in one of her "normal" times [she still had some of them, thank God] she signed papers saying she didn't want to be forced to eat, drink, nor take her medication when she got into the stage where she couldn't do anything for herself, or she forgot her own children. We tried to talk her out of it, but she said she didn't want her children to have to decide on keeping her alive against her will or letting her go. Two years after having to go into a Nursing Home, she passed away from Alzheimer's and the secondary problems caused from it. Alzheimer's is a terrible disease! Mom knew something was terribly wrong but she didn't understand what it was. The thing is, you could explain it to her in one of her "normal" times, and as soon as she was out of her "normal" time again, she didn't remember what you had even been talking about; and sometimes she didn't even remember you were even there! It was heartbreaking! OP, PLEASE, GET HER CHECKED OUT ASAP!! Please!
I find it hard to believe that the IRS/Government would refuse to look at receipts... also Ive read from another reddit in pro-revenge that if you report someone to IRS and provide proof and the investigation leads to a tax fraud/arrest that the person who tipped off IRS will give a reward payout... I understand Grandma reported her out of spite..
You would only get a reward if you provided very specific information on intentional tax fraud, which nets the IRS over 2 million. You would have to report it through their whistleblower program.
I have a friend who has been victimized by the IRS to a degree I did not know as possible. And yes… they will not look at receipts. Her son suddenly died at 20 and her husband about 6 weeks early. The day of the child‘s death the IRS took every cent… well they left 10 cents in a checking account. They have no llimits on their behaviors.
Does the IRS follow people?
@@missourimomofthree Are you sure it was the IRS or could it possibly be a scammer? There’s a lot of fraud going on with people claiming to be from the IRS either on the phone or even in person.
@@GMAMEC The IRS uses 3rd party to conduct audits, paid by a percentage of money they bring in. Also, if they are trying to catch someone in the act of fraud, they may follow. They’re not police so the IRS can’t arrest or detain you. It would have to be the police or FBI.
I think that OP and her sister need to look into the tax obligations of giving that amount of money to someone. I know that you can give 11k a year to someone w/o either paying taxes. But not that amount.
Those people need to sell off their property. I wouldn't give them a dime until they started trying to help themselves. Not happening.
Your parent seems like he's entitled to the money without any accountability, set down with him and tell him that he needs to grow up and learn to be an adult that he is!
Grandma needs to be evaluated seriously
Story 1 - do not give them a penny. They need to sell the extra properties.
There are 2 options: pay off every dime NOW and get the IRS off their backs forever or let them go bankrupt and house them until they die. Begrudgingly paying it in drips and drabs is the surest way to lose everything and still be in debt. I'm hoping Dad is in full panic mode and this isn't his normal behavior. The IRS isn't kidding when they say it will soon be 1.4 million. That won't be the end of it, either.
Not true 3rd option is you file an appeal on the IRS stating that they were not allowed to use receipts as evidence in the original case when you appeal it you appeal it to a higher court that judge is going to look at it and say well they weren't allowed to bring it in they weren't allowed to speak about it if this is evidence that would clear them it's evidence that has to be admitted. And with any government lawsuit like the IRS is you have 10 years to file the appeal so you can do 2 years in prison get out and file the appeal it should have been something her lawyer did immediately when she was found guilty and say we will be appealing this on public record on the court records.
Option 3 is go no contact and let them suffer through poverty.
@@lee-jj1js I like the go no contact and forget them.
There is a 4th option: file for an Offer- In-Compromise. If you have more than $10,000.00 in debt you can request the IRS review your credits and debits then you can pay a reduced amount.
@@gregoryk.9815 Yeah I was baffled about the receipts thing too. Pretty sure the IRS have forensic accountants that do exactly that.
OP tell your dad you're not a mind reader and he needs to take care of his own mess.
Absolutely yes have grumpy grandma tested. Even if the issue isn't dementia or Alzheimer's, it could be a symptom of something else (like a UTI).
My mother tried to do to my husband and me what the grandparents in the first story did. There wasn't any tax problems, she just wanted to ruin us financially because we wouldn't allow her access to our children after finding out she was abusing them physically, psychologically, and emotionally. This was documented through a therapist. We haven't had anything to with her since 2003. We've been forced to tolerate her presence at a couple of funerals. She was disappointed that my kids wanted nothing to do with her.
The last story, In my experience alzheimers just deletes filters. People do and say exactly what they think and feel.
@@raejiisa4948 I didn't mention either of those ,but as far as I'm concerned she's shown signs of covert narcissism, being bipolar. I could name more, but those what's the point.
I’d insist on being in the negations with the IRS ABOUT A REAL SETTLEMENT AMOUNT.
Grandma needs help. Medication will calm her and help her memory. Plus, she's probably not sleeping well which only worsens her memory loss. Very sad. I'm hoping you get her the help she needs and work things out because she needs all of you right now.
On the last story, the behaviors of grandma sound like there could be dementia, but to be sure it would be a good idea to get her evaluated.
You can gift only $16K/year starting in 2022 tax-free; anything over that is taxable to both the recipient and the gifter. The parents could have negotiated a smaller amount in repayment, and/or sold one of the other properties, too. IRS takes a dim view of having assets that will nearly eliminate the debt. Something hinkie about this whole situation.
Unfortunately with money, not only do all the parasites crawl out of the woodwork, but so many feel entitled to a lifestyle that they want to be accustomed to, at other peoples’s expense.
I love that Mr. Reddito shares stories with updates.
Story 1: hears how you answer your father" you made your bed, now lye in it."
Make a loan agreement saying that the loan needed to be paid at a rate of $100k per year and the loan is due in 10 years with no late payments. Otherwise you will take everything, and put a lien on every property they have, houses cars etc. If they don't like it that's the olive branch(yes I know the dad only makes 60k, thats why I set the amount at 100k.
Do not lend/give any money to parents. Pay for things for them as you see proper. Not their decision, yours.
@@Gregarious3 apparently you dont understand that the terms are made to exclude that availability of the loan due to the draft that there is no way they can repay the loan.
@@ytubesuxshite4497 good thinking. 👍
Children do not owe their parents anything, children DO NOT ASK TO BE BORN, it is the parents choice to have children, what they spend on raising your kids is YOUR JOB. IF YOU NEED HELP GUILTING YOUR KIDS ISNT THE ANSWER, Asking them for help if they need it, is the right way, most kids would do it.
@@jeanetteporter8114 apparently your one of those big brains people that has no reading comprehension. You read the words, you just don't understand the meanings behind those words. The entire even is a troll against the parents. Who would agree to a loan that they have no ability to pay back......?
yes I specialized working with dementia and alzheimer patients and yes her grandma needs to be evaluated
I wouldn't bother to hand them a dime. I'd stop communicating with them if they continued to push the issue.
If you have a bunch of debt but own a bunch of property, then the government should not have to sell the property YOU should sell it and pay your debts.
Story 1-don’t give them a dime
Story 3 - That comment summed up my thoughts entirely! I was thinking grandma was starting to show signs of dementia or Alzheimer’s since the same thing happened to my Great aunt. She had it and she went from the sweetest lady to a nightmare QUICKLY.
They need conditions on $. They might even need a fiscal conservator. They need to sell their properties, pay IRS and make payment arrangements. The children do not owe the parents.
Your parents hired a crappy lawyer! Everything is negotiatable!
Spent time in jail? They out her in prison so she owes nothing!
They can't take both!
It's weird! How do they owe 1M and was sent to jail for 2y??!! Something doesn't sound right
Sounds like OP doesn’t know the whole story and a lot more probably went down then what he knows. His mom is undoubtedly guilty and she’s lied to the family about her guilt. That’s probably why she’s not hollering and screaming because she’s knows she’s responsible.
The last story, YES, alzheimers changes their personality. My grandmother passed from it and I was so close to her. When it started she would become ANGRY if we had to remind her of things because she knew something was happening to her memory but was too prideful to admit.. That disease is so horrible I really hope they find a cure. To watch this outgoing, amazing, intelligent woman revert to a child killed me inside.. During sundowning she would become violent and hateful so her mood stabilizers helped with that. She didn't remember how to dress herself but, you knew I was someone she knew but couldn't remember. Omgosh, I'm starting to tear up and she passed 9yrs ago on my birthday..
I'm so sorry for your loss (especially on your birthday), but she's no longer in pain now.
@@audreym3908 Thank you so very much.. Idk if you believe in God or not but, she passed Feb 22nd.. 1yr later I went to the neighborhood bar to have a drink for her and for my bday. A guy saw I was down, he sat, no hitting on me, no nothing.. We talked for 5 HOURS at that bar. We've been together ever since. He proposed 3mths later and he asked if we could get married on my day so that he could give me something to smile about on that day too!
8yrs and he's still the most amazing man I could have ever asked for and I think God brought him there because he told me he was only there to drop off something for the owner and leave and told himself, she looks sad, going to get her a drink, that's what he told me, asked if he could sit down, asked me why I look sad.... I now have Feb 22nd to honor my grandmother, honor my birth and honor my wedding anniversary..
@@Swnsasy that's amazing! I do believe in God and any higher power. I'm glad that you found someone amazing!
Yes my wonderful Mom got it, showed up in her early 80s, she was still a sweetheart but occasionally get a bit testy, she had only a couple a couple meltdowns, which with Xanax, took a couple hours to come down. After that we started giving her a half a Xanax if she started getting just a bit testy or comment, it was much easier to keep her level and happy than getting her back down after a meltdown. We were able to keep her home for 5 years doing this. Finally she went downhill and needed more care that we could give her so we put her in a new care home, she was there just over 3 years before she passed away
@@Swnsasy His asking you to be married on your day is the most amazing thing I have ever heard of. Such a thoughtful thing to do. I wish you both well.
Buy their house and property and make sure the money went on the debt. Rent the house to them.
It sounds like OPs mom, just doesn't want to be held accountable for the payments to the IRS, and would rather that the IRS get money from the kids. The mom doesn't care very much for her kids, making the kids responsible for her debts. She refuses to sell her home, to pay off those debts, and by continuing to be stubborn about not selling, that debt is soon going to be more, because of penalties. It could even take a while, for the house to sell, and any money realised from the sale.
Also, it could take years, before the relatives estate is resolved/executed.
Story 1 Cut them loose. They created this and going to jail has not changed their attitudes in regards to what they have done. You don't owe them anything.
If the parents would take responsibility for their own actions, they'd be selling their own sh*t first.
If the kids want to help, hire a tax attorney and accountant to redo the taxes and negotiate with the irs
the first story, Tell them if they want to help, pay the IRS directly, don't give it to them any cash.
If you want to help pay the irs directly. These two obviously can’t manage $
This sounds like massive fraud by the grand parents WTF is wrong with these people, are they always spending past their means. Never ever give money to these people who have no idea how to handle money. Sounds like Extortion by these parents. Deny these parent anything. Save yourself.
The last story; it sounds like grandma might have the starting of a dementia. You should get grandma mentally evaluated.
If OP and her sister aren't billionaires giving someone even your parents $1,000,000 for any reason is insane. If your combined net worth is maybe $3,000,000 then you don't have the liquid assets to hand over such a great amount of money. Their debts, obligations, and crimes are not your responsibility to solve so DO NOT let them guilt trip, brow beat, or insult you into wiping out your entire net worth for someone else to be free and clear of their debts.
Sell the properties!
Story with the grumpy grandmother... many years back when I was around 14/15 yrs of age, my nan was around our house for the day and had been a bit off, so to speak for a while. Anyways, I was laying on the floor (as you do) playing with our little dog and my nan suddenly says "I wish you'd leave that dog alone, I hope it let's off in your face" lmao! 🤣 everyone stopped talking and looked at my nan and all started chuckling....apart from me of course, she also started using profanities, when before you never would hear her swear. It would turn out that later on she was diagnosed with a brain tumour and this was the cause of her personality change, not dementia as we all first thought. Unfortunately the tumour was inoperable and my nan did later pass in a hospice because of it. I look back at this now and laugh at what she said, she didn't mean it as she really couldn't help it. I visited her in the hospice just before she died and she was laying in bed morphined up to the hilt to ease the pain, I sat by her side holding her hand and talking to her...she couldn't respond obviously but I knew she heard me. I told her I loved her very much and if she could hear me to squeeze my hand. She gave my hand a gentle squeeze and I kissed her forehead. A week later she passed, I was just happy that I got to speak to her before she went. I have only fond memories of my nan...she once told me I was "one of her favourite people" ❤😢
Story 1. Exactly! Why not sell the house 850,000 that's what I would do.
The parents are dictating terms. They need to know they are not talking to little kids. Manipulation is unacceptable. They need a reality check. If you do not manage money well you shouldn't try to drive the money bus.
Pre-up date comment: If OP wanted to give any money at all to their parents it would have to be through a Trust to which they would have to prove what they are purchasing or what the payment was going towards in the event that some of this money would be used to pay the IRS debt.
Post update comment: I agree with the comment you read at the end where they really need to talk to a professional about this and possibly pursue bankruptcy, sounds like the dad is too prideful to do it though.
Executer and executor are very different things 😂
One of the dumbest things that people tend to push upon each other is the idea that you have to keep a relationship with family.... no matter what.
.... and that's just pure bull there's absolutely nothing wrong with separating yourself from family members who are childish and immature, enabling, leeching, dangerous, obnoxious or whatever else...
The people that say that aresame people that say that you must forgive somebody because their family..... I don't believe that anybody has to or should forgive anybody else if they don't want to or know it'll just cause more trouble or pain.... that's just a really good way to get screwed over again....
Forgiveness is a very danger word at times, sometimes it's very cruel too.... I have read and even met people who had a child kidnapp ed from them that was violently assaulted and in ways I won't describe and killed... and those parents will protest against the death penalty of the criminal (who is usually a family member or friend) who did it ....and the victim's parents actually go in and tell that person that they forgive them! Well guess what? It's not your place to forgive, it's actually the place of the child laying assaulted and dead on a cold metal table or in a cold coffin beneath the ground, in the dark whose monsters really did show up and attack.
Forgiveness!? Seriously!?! You're just a really s*** parent..... That's the type of family member to disown.
Final story Alzheimers isn't the only cause of personality change. Some are treatable and some are from a change in medication to include change in supplier of the same drug. Always take a list of meds at the least, pictures of labels or the meds themselves are better. It's rare but sometimes the wrong medication is dispensed.
You're absolutely right!
The phrase "you made your bed, now lay in it" comes to mind for S1.
OP's parents need a fiduciary.
I like the trustee idea who is neutral, is/has financial knowledge to best get 5he patients thru this.
The last story: omg, my heart breaks for the grandmother. Firstly, trading stocks is a job. Maybe she did it for fun, but being that she made even more money off the investments she made tells me she is extremely financially smart. (It really bothered me OP kept saying she doesn’t do anything all day) Second, she was always very generous and kind and this personality change really makes me think she most definitely needs to be evaluated for Alzheimer’s or dementia. OP should be asking themselves, “has she ever forgotten important events like this in the past?” Or “has she ever forgotten talking to me?”
I really hope for the best outcome with that last story, because omg, it is truly heartbreaking for everyone involved to experience a loved one pretty much losing themselves before it ultimately takes them away.
family + money= no bueno..dad outta control
IF The IRS ONLY takes into Account the GROSS INCOME, and disregards the EXPENSES that SHOULD BE LEGITIMATE TAX DEDUCTABLES, ESPECIALLY WITH RECEIPTS, WHAT INCENTIVE is there to actually go out and earn a living?
Just tell dad if he mouths off, no money ever!
They can't sell the property. The IRS put a lien on it.
Thanks for the stories
The parents probably figured sister would help them out and that didn't happen.
The first story the parents should sign over the house to their kids just so the IRS can't seize it.
They can’t the irs already has a lean on it.
@@kcsimon7876 I missed that line.
Both are good stories & I hope that, eventually, there will be updates for one or both in the near future.
Story one..NTA..Don't do it. Don't give them a dime. You are not responsible to correct all of their financial screw ups. You can't put your lives on hold to accommodate a lifetime of poor financial decisions.
I seriously doubt there is no room for consolidation often the IRS will accept pennies on the dollar if negotiated correctly.
U help ur parents once, it will never end, u will be there bank book
1. Hire a good tax attorney for your mother to settle this with the IRS. Don't give or lend to them. The $ is gifted to you. You owe them nothing. Dad is stupid.
Grandma. (Story 3)
It sounds like Grandma is having cognitive problems.
First of all insist that they sell their property.
I would need much more info regarding their debt before I give any money to them.
#1 I saw what the IRS can do. Not to me but to my ex. I feel so bad for Op. It's not favor of the parents to ask their kids for all that money especially when they have property they can sell. Op did the right thing. #2, I know first hand my mother was never a pleasant. She has dementia and I spent a week with her for her birthday. She's the sweetest elderly woman now. So, Op shouldn't take it personal. ✌️RED.
Story 1 I would give them the money but they wouldn't see or hear from me for a long while. You want to take their inheritance to avoid giving up properties and having to work just as they're starting out in life and creating families of their own smh.
They could've asked for half but he wants it all
13:28 I wouldn't care if he was never going to change.
That still doesn't mean everybody else, has to bow down and give in.
This situation is exactly like dealing with a child that learns to be more persistent, because others eventually give up.
Then they get what they want, after learning that people cave in to get them to shut up.
Problem here, is this is an entitled adult, still using this, because it works.
in my mid 20's when I was 13??? what that makes no sense
Story one: this is OP’s fault. When you get a windfall NEVER start running your mouth about all the things you will do for others. Then when it hits your account you change your mind. You should have said maybe or no. All that “I will take care of you” is what leads them to think they are going to get the money. Be clear. Yes, no, wait until I settle my business and if something is left over and I want to give to you then I will. Never get emotional about money.
look after your self first your mother and father second.....and dont gift or loan anything
Story 1 illustrates crab mentality at its finest.
Take your inheritance and run! Your parents are user's.
That second one.... Dementia/Alzheimer or maybe a similar issue to sundown syndrome or any other list of medical issues can cause that in an elderly woman.
So wait….even after you go to jail for tax issues you still have to repay the debt??
Story 1: Too sympathetic. The OP owed their parents nothing. The OP won't get the money back and probably not in inheritance based on the current financial situation. Good update.
Story 2: The stock market is complicated. The fact that grandma is good at it is impressive. She seems to be a selfish and lonely person. So grandma can make people cancel their plans last minute to spend time with her but grandma can't plan several months ahead to attend her grandchild's wedding. I'd uninvite grandma from the wedding she might start drama on the special day.
Loan/Gift to Parents.
Sit dad down tell him point blank that you aren't giving them anything.
If he blows up, he blows up.
Story 1 couldn't they just file for bankruptcy
If worst came to worse the kids could buy the properties so kids had the investment properties and parents got the money.
No. In the States, you can't gift more than a few thousand dollars without paying tax.
Without THEM having to pay tax on it. I believe its 3K
@@danrossell6375 No. Last time I heard, it was $14k, but it's probably higher, now. Plus, if you give more and the giftee doesn't pay the taxes, YOU pay the taxes.
Story 1: Don’t give them anything you’d miss if you never got it back because you’re never going to get it back.
Worse the parents seem to want to involve them in more of their shady dealings.
Parents’ problem, not yours. They are selfish. Don’t ruin your futures by supporting their mistakes.
Good afternoon Mr Reddito
Dude, read what you are going to read before you do the recording. You keep on missing or replacing words, sometimes adding them. It changes the story
Hahahahaha I have noticed that with his channel many times and ironically it really does completely change the story like pronouns, time frames, names, or just random words lol.
I've said that over SEVERAL other videos myself. It gets annoying because it won't make sense so I can't just do things and listen, I have to watch the words...
I think it adds to the story. 🤷🏽♀️😁
Hit send too fast.
Just keep scrolling if it bugs you that much. Or read the text on the screen.
Story #1: The dad doesn't want to give up property that will mostly wipe out their debt. Is the property in his name or the mom's? I have a strong inkling he's the one who cooked the books and let his wife go to prison.
Story #2: Is it just me or is the entire family not putting Granny in her place because they do not want to be cut from the will??? It's simple, the sister should of stood her ground and told the old bat that the plans with her husbands family were 3 months in the making and granny's plans were last minute. OP's wedding invite... should of told the old bat, sorry you forgot, I did tell you. Anyways, that's the date we selected a year ago. If you can make it great, if you can't, we'll miss you, but send you photos.
And story one your mother can file an appeal at any time even 50 years later bringing in the receipts that are evidence anything she did is evidence the judge cannot borrow evidence and that is what she can file the appeal on is the judge barred evidence she could use to present even near the IRS because you're innocent until proven guilty. The owners of you having to prove your innocence is not on you it's on the government to prove your actually guilty any thing that you can show that would prove or lend doubt to their claim is admissible on your behalf
Why would a grandmother do this? What is the issue here?
yes he need to get his grandma revelauted