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Everything posted by Gatorubet
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Charlie Kirk assassinated at an event in Utah (by a 22 YO groyper)
Gatorubet replied to msbesq's topic in Cloak Room
No woke hair conditioners!! Send $$ NOW!! -
All Encompassing Mortgage and Real Estate Thread
Gatorubet replied to UTPhil2006's topic in Business and Markets
Has anyone tried the approach of saying that it is inevitable that that so many people owning it jointly will result in disputes and bad blood about it, as that is the normal thing that happens when a bunch of people are given the same piece of rental property? Could someone explain to them that their generosity and good intentions will likely lead to creating bad blood, family disputes and conflict - part owners who live a long way away who will never use it having to pay their share of a house they won’t use. that everyone cannot possibly agree on what happens when the place needs new roofs or the plumbing freezes and burst, or property taxes and insurance goes through the roof. One owner can handle that, but not a gang of owners. That when one of the several owners passes, there will be a state and probate costs. Would they want their nice gesture to become a negative - to create a legacy of family conflict they insist on imposing on the kids? I don’t think any parent would want to create that for their children - especially when they view it as giving you a rental place where the kids will all meet as an extended family and enjoy it together. Edit: and I forgot - what happens if some of the heirs get remarried and start second families? what happens in the future when the people trying to make a consensus are NOT the sibling - but children of the siblings - or the second spouse of a sibling who inherits the property from her or his spouse? Your parents seem wonderful, but they are literally creating an unhappiness and litigation bomb. -
All Encompassing Mortgage and Real Estate Thread
Gatorubet replied to UTPhil2006's topic in Business and Markets
???? My first thought is, who cares? You are spot-on in needing to get advice and think about it. One idea might be to sit down and assign a value of the various competing interests 1) you apparently don’t want the estate to pay closing costs. ( It seems like if you bought it, you would save your dad mortgage and property taxes on the property in the next few years, which would cancel that expense out) 2) you want your sister to get half of the pre-improved assessed value of your dad‘s property and not cheat her 3) you don’t want to inherit the house with your sister, because you’ll be doing all the work to increase its value when you eventually sell it for more $ 4) Closing costs again - if you don’t buy it before your dad passes and you buy your sister out after it is left to you both in probate, she or you will have to pay closing cost on that sale, no? 5) you want your dad to be happy with whatever you do - - because he has to be happy because he controls the whole thing because it’s his house I can only assume that each of those goals does not have equal value. Number five has the most value because nothing happens unless your dad agrees. So you have to assign other values to the other interests involved. is it more important to get her the money before he passes or after he passes? is it more important to you to get the house now free of your sister having an interest - or after he passes? You are going to have to decide if the relatively modest closing costs are a reason to not immediately own property you admit you might be able to make a couple extra hundred thousand on. The buyer can always contract to pay the closing cost to prevent an estate expense. So if your dad is giving you half a house, say “thank you”, and pay the closing costs with your sister - to be deducted from the amount she is gifted by your dad so you both get the same thing (if for some reason she can’t afford to pay half of closing costs at the time of the sale)? Maybe? The only thing I can leave you with is that selling it now is the only thing with close to absolute certainty. If you leave it in the estate to pass by his will, there is always some risk that accompanies every person who passes with wealth and a will: He could change his mind and change the will, which would be his absolute right. Someone could challenge the will. Some unknown-to-you half sibling could show up to claim estate assets. Some stupid fight could arise between you and your sister before or after his death that changes her position on selling it to you after his passing. Or she gets bad advice from friends or husband or whatever that you are taking advantage of her. Why? Because she doesn’t understand everything, but is aware that you plan to make more money off the house than her. NEVER underestimate the influence of non-lawyer friends and family giving absolutely incorrect bad advice to people who for bizarre reasons adopts that as their position. The thing is, every state law reporter is filled with hundreds or even thousands of cases where the most amazingly stupid stuff arises in probate and estate fights that nobody envisioned at the time of the will draft or later probate. Even if you evaluate that risk as negligible now, it is still a risk. So why take that risk? Like I say, they are all competing negatives and positives, and there is no one answer that solves it all. And it’s not my money, but you and your sister sharing closing costs on a free half of a house seems like the least of your problems. Look, I don’t practice that type of law and I have no idea what Texas law is at all. I have no idea how large your dad‘s estate is and what that means from a tax standpoint. I’m not trying to say any of your ideas are wrong, I’m just trying to do what lawyers do - which is “issue spot” to bring up things you might not have thought about to discuss with the actual Texas estate attorney who knows what the hell they are doing. Oh. I don’t know what you mean when you say Why would you be on the hook personally for your dad’s estate assets? Or are you talking about your role as executor paying estate expenses and you don’t want to add closing costs to the pile? Best of luck in any event. -
Too much disturbing news. Everyone needs to relax, chill and find a hobby. I again recommend target shooting as fun for the whole family. Get yourself some ARs, some paper targets that looked like criminals, a good picnic lunch - and take the whole family out to the country to shoot paper and recreate as a family.
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It appears that, shockingly, my unranked Gators lost by 10 points to the number three team in the country in their stadium at night. But thanks for changing the subject and asking about us. It’s nice to know you care.
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Charlie Kirk assassinated at an event in Utah (by a 22 YO groyper)
Gatorubet replied to msbesq's topic in Cloak Room
She’s just grifting off of Charlie’s dead body. Charlie was a loathsome grifter and she was his partner. Nothing to see; move along. -
All Encompassing Mortgage and Real Estate Thread
Gatorubet replied to UTPhil2006's topic in Business and Markets
it seems to me you do need to get some tax advice to be sure the direction you are going will be good for you when you achieve it. But maybe the easiest answer is to have a meeting with your dad and your sister. Be upfront about what you wanna do, how you don’t want to cheat your sister, but you don’t want to be penalized for doing all the work and increasing the value so that it’s a negative to you. She will be in on the discussion with your dad when you all agree to buy him out now. He can put that amount owed sis in a joint savings account with her with a right of survival designation so when he passes it all goes to her outside the will. I think. Actually, I’m pretty sure at that point he can just give her the amount as a gift without any tax consequences to her or him. Caveat: talk to someone who practices in that area and ignore anything I think. Regarding your concerns about doing something shady, and while it’s not my area of law, I’m not sure you actually have a fiduciary duty as executor of the will until he passes. While he is alive, you are just a potential, not-yet-appointed-by-the court executor (if he does not revise his will). Given that your dad can leave the whole thing to his favorite stripper instead of either of you, it is far more his decision than yours or hers in any event. Sit down with them both and give them your proposal. Your idea to buy it before he passes has a whole lot of merit - and it makes what you do with it after entirely your choice. Which is what you want. And it ensures that your sister is not cheated - and your dad is assured she will receive the money. -
Ay, there’s the rub…
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My youngest kid was president of Young Republicans in his high school, (whichI was pretty sure was just him being contrary to his parents’ political views.) After two years at LSU, hardly a bastion of liberal thought, he was closer to being a socialist. Which is all to say, yeah, you’re right.
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Seriously….no words. This is an awesome thread, and you guys are doing awesome stuff, all of which is totally beyond my familiarity (more like comprehension). There’s a hell of a lot of extremely innovative and talented people on here. i’m not sure I can get through 2026 without retiring, but whenever I retire, I’m definitely gonna have to check modern (and I use the term loosely) board gaming out. But I will definitely be back to ask the general opinion about the best game(s) for a noob to start.
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Charlie Kirk assassinated at an event in Utah (by a 22 YO groyper)
Gatorubet replied to msbesq's topic in Cloak Room
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Charlie Kirk assassinated at an event in Utah (by a 22 YO groyper)
Gatorubet replied to msbesq's topic in Cloak Room
A Jack Mormon is a person raised in a Latter Day Saints family who no longer strictly follows the tenets of the church. They might not tithe, go to church - or may drink coffee or like a cocktail. My Mormon relatives told me a Jack Mormon is a guy at the bar who gets angry when you tell a Mormon joke. -
Charlie Kirk assassinated at an event in Utah (by a 22 YO groyper)
Gatorubet replied to msbesq's topic in Cloak Room
Which begs the question: is that what I would call a leftist - or what TTom would call a leftist? Old country club Republicans would all be called left by MAGA. -
Charlie Kirk assassinated at an event in Utah (by a 22 YO groyper)
Gatorubet replied to msbesq's topic in Cloak Room
Leftist violence- 4647 replies
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Charlie Kirk assassinated at an event in Utah (by a 22 YO groyper)
Gatorubet replied to msbesq's topic in Cloak Room
Whelp. It’s official. I am indeed going to hell. -
Charlie Kirk assassinated at an event in Utah (by a 22 YO groyper)
Gatorubet replied to msbesq's topic in Cloak Room
if you failed to rep this, shame on you! Go back and give some love. -
My era war game My older brother and I each have one at our house for when we visit each other. After dinner and old fashioneds we break that out and unsuccessfully try to remember all the rules.
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Charlie Kirk assassinated at an event in Utah (by a 22 YO groyper)
Gatorubet replied to msbesq's topic in Cloak Room
Maybe they should stop a second and think about the Darwinian aspect of what they are saying - that just one semester of liberal culture is capable of destroying and overcoming being raised by conservatives influences your entire life…. Nahhh!- 4647 replies
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Charlie Kirk assassinated at an event in Utah (by a 22 YO groyper)
Gatorubet replied to msbesq's topic in Cloak Room
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Charlie Kirk assassinated at an event in Utah (by a 22 YO groyper)
Gatorubet replied to msbesq's topic in Cloak Room
Good ‘ole Horst was a piece of shit thug who just happened to catch a bullet. I wonder if the Nazi party assisted his family in making bank- or at least giving the wife a decent job for a few years before the Russian gang rapes? Kirk’s wife and kids will not starve. And I have zero problems with his kids being taken care of. And on a side note, this Brave New World of drone technology has really created an interesting new synergy of dog poop and cemetery gravesites for the foreseeable future. -
Rep!! I was trying to find the quote where Alex picks up the younger girls at the record shop and he can’t understand their slang because of the few years difference.
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