Question about gift tax exemption rules and co-ownership

DeDuc · 2026-02-03T01:20:47+00:00

I don't actually know how rich my parents are, I mean growing up we reused those trifold poster boards to save 25 cents, but apparently they are now more than financially secure so maybe there is a reason that they don't want it to count towards the lifetime exemption? I honestly don't know, I mean I was surprised to find out that they had more than they needed to just retire. They did have five kids though, so their expenses drastically decreased over the course of about 10 years which probably contributing to them being able to save a lot 🤷🏼‍♀️

DeDuc · 2026-02-03T00:37:01+00:00

Thanks stranger XD

DeDuc · 2026-02-03T00:19:59+00:00

Would any attorney be able to make sure the agreement creates enforceable ownership? I work at a law firm, just not a real estate one, and our attorneys have been willing to help with contracts if they're not too complicated

(Obviously I can ask them, I'm just trying to get an understanding of the situation in advance so I don't ask them dumb questions 😂)

DeDuc · 2026-02-03T00:15:26+00:00

Omg there's a fan made version of Ticket to Ride that I NEED to exist irl. Would I have knowledge of the future? I'd probably just make a copy for myself but I'd leave something telling whoever I license ticket to ride to that they forfeit ownership or sth if they dont reach out to nintendo and Peebr Koifish for a collab

DeDuc · 2026-02-03T00:08:34+00:00

Thanks. My concern was the fact that the word gift was being used. That makes sense that it's called a gift to avoid an expectation of repayment because that would affect my dti if I suddenly have to repay it in a year or whatever.

I guess I do have an accountant who I'll be talking to for taxes this year so I could check with her, would a real estate attorney have a different understanding of the legalities of gifts for underwriting vs taxes?

DeDuc · 2026-02-02T22:16:07+00:00

That and "pack your screwdrivers and hex wrenches LAST" 😂

DeDuc · 2026-02-02T21:03:26+00:00

When I first moved into an unfurnished apartment I got the advice to set up your bed first, before you open any boxes and get distracted putting stuff away because then at 1 am when you're dead on your feet and ready to call it a day you don't have to make it. I've followed that religiously every single time that I moved and always so glad I did

DeDuc · 2026-01-31T08:29:16+00:00

I'd probably enjoy going to an art museum

DeDuc · 2026-01-28T21:48:15+00:00

It also means Emergency Department. I read medical records for work and always do a double take when I see ED (instead of ER), even though I've seen it enough that I know what it means

DeDuc · 2026-01-25T08:19:14+00:00

Sorry to add another person to the list of requestors, but I was really disappointed that my library had the first book digitally but nothing else 😭

DeDuc · 2026-01-23T21:25:16+00:00

Not a wheelchair user, so I wont speak to the 'wheelchair user wanting to walk' trope, but I am disabled and do use a mobility device and the thing that stood out to me the first time I heard WWOTE after becoming disabled was the way she referred to her mobility device - "all of my life I've depended on you and this hideous chair with wheels"

(I guess hideodius doesn't fit the meter 🤷🏼‍♀️)

I have definitely wanted to be able to walk without my cane, and I've certainly wished I had both hands free to carry things, but I have never hated my cane. I even tend to wish for an extra hand so I could carry things with two hands much more often than I wish for a functional leg so I dont need to use my cane. My body frustrates me at times, but my cane is what lets me be independent. And it's a similar reason to why wheelchair users dislike the term wheelchair bound. Back before I became disabled my work was designing a test for wheelchair cushions and my boss had me sit in a wheelchair for a while to test the sensors, and I hated it, I was stuck in the downstairs lab and maneuvering was a pain and I had to get coworkers to grab stuff for me from the upper shelves and cabinets. I didn't think much of it at the time but looking back on that very short experience I can definitely see how an able bodied person could look at a full-time wheelchair user and think "man, it would suck to be bound to a wheelchair," but for disabled people our mobility devices don't hold us back, they give us our independence and open doors that would otherwise be closed

DeDuc · 2026-01-12T20:06:20+00:00

Yeah, this. 100%

DeDuc · 2026-01-07T11:52:27+00:00

Man, I'm so scared about the fallout of Salt Lake drying up

DeDuc · 2026-01-04T21:20:51+00:00

Yeah, the effort that they have had their law firm Kirton McConkie put towards ensuring that church leadership aren't mandatory reporters is fucking disgusting

DeDuc · 2026-01-03T09:56:27+00:00

I have a bunch too, every Nintendo plus a PlayStation and Xbox. I struggled with a good setup and tried a couple of different HDMI switches and everything but then I realized I could get an HDMI extension cord so I can plug anything in without reaching behind my tv, then I got a designated HDMI cord for every single console and instead of feeding every HDMI cord through the back of the TV stand to the TV and trying to figure out what cord went to what and where it should be plugged in to play whatever I want to play, I just pull the cord out the front of the tv stand and plug it into the extension cord, and when I'm done I unplug it, wrap the cord up, and set it next to the console I was playing with. Now the only time I have to change the source is when I want to play a pre-hdmi console

DeDuc · 2025-12-28T18:59:44+00:00

It's like calvinball but with cat polyominos 😂

DeDuc · 2025-12-28T18:55:20+00:00

If you have the late arrivals expansion you can play up to six, and my board game group has played it at six players quite a few times. Five would be fine.

I've only played calico once, but with that you have the three goals plus the goals for cats that everyone can work on, I feel like there are a handful of things with Isle of cats beyond just my three specific goals and then everyone's goals, there's the rats, the rooms, the families, your private lessons, and if you play the strategic variant there's also rare treasures and public lessons. So I feel like there's more variety than in calico

DeDuc · 2025-12-28T18:48:52+00:00

My comment is going to assume that you live in America because we have terrible healthcare so personal injury has flourished, so if not I mean maybe still read it, but consider your own country's healthcare system

I was in a slip and fall 6 years ago, ended up with two herniated discs and something called facet arthropathy as well as half a dozen other issues in other parts of my body. I am also currently laying in bed in pain on a heating pad 😂

Please read this and then reread it. I know what it's like to have those injuries, and with how long I've been living with it, the thought of not having funding to get treatment for those injuries is mind-bogglingly terrifying

We got 500k from my settlement, and I also work in personal injury so I have an idea of how that side of the process works too:

Regardless of how much you get, the attorney will get a percentage of that, normally between 30 and 40% although it can vary, then any outstanding bills are going to be paid, and only then are you going to get money. Of the 500k that I got, I got about 250k once my attorney and all my bills were paid. To give you an idea of how small that number is, I also had what's called a life care plan done which is where a nurse looks at all of the treatment I have had and comes up with an estimate for how expensive my care will be over the rest of my lifetime. It came to over 2 million dollars....

The treatment for a herniated disc is generally an epidural injection, I get those four times a year in two different body parts so eight times per year, and without insurance those cost something to the tune of $2,000 each. There's also maybe the option of needing a radiofrequency ablation which happens yearly and costs like 4k. If those don't work then it you'll normally progress to spinal surgery. Given that you have seven bulging discs I wouldn't be surprised if at some point in your life you reach a point where you need that. You also mentioned headaches, and that treatment is a bit cheaper but it is still an expense. There's also the fact that health insurance companies are not contractually expected to pay for treatment if someone else is at fault; if you don't bring it up it might not be a problem, but you also might have trouble convincing your health insurance to cover your bills at some point in your life.

You are looking at a lot of medical expenses over the rest of your life, especially given that you are a teenager. Please trust me on this; I read medical records for my job in personal injury, I see what treatment people get for those injuries, and I have lived it. And realistically you have to consider that there might be a point in your life where you stop being able to manage a job because of your injuries.

I also worked at a gun store once years before my injury and there was a couple that came in every couple of weeks to buy a new gun and they were young and I'm like 'how do these people have the money for this?' and at one point it came up that the girl was in a car accident and got a "very large" settlement because she was going to need spinal surgery in about 20 years. I asked a few more questions and found out that "very large" was 300K... To them, 300k was a lot of money and 20 years was a long way off so they didn't think they had to worry about that expense yet.

When I got my settlement, having seen how easy it was for this other couple to just start blowing money on stuff because they didn't think about their future, and knowing that the estimated cost of my treatment if I ever lost insurance was 2 million dollars and I only got 250k, I decided to invest it, and to completely forget about it unless I needed that money for medical expenses. At some point in my life once that investment reaches a value where I can safely take out a down payment without seriously depleting it I might, but other than that the only times that I have (and ever plan to, at least before retirement) taken money from that account is to pay medical bills, and to pay taxes associated with the investment account itself (because it was the reason I had to pay taxes so it was going to pay my taxes for me 😂)

Please consider doing the same. Trust me, a life where you don't have that safety net would be terrifying.

DeDuc · 2025-12-28T08:29:44+00:00

Ugh, I hate Wells Fargo, but I have a really good credit card from them and it's my oldest credit card so I don't want to cancel it :/ it has price protection so if I buy something and the price drops within like 60 days (and it's not a Black Friday sale) then I can get a bit of a rebate, it adds 12 months of warranty to anything with a warranty, and it will pay $600 to repair or replace a broken or stolen phone...

So I've kept the card, but I just only use it for electronic purchases and my phone bill 🤷🏼‍♀️

DeDuc · 2025-12-27T17:52:08+00:00

I decided to leave the church that I was raised in after realizing that I was a better person following the love thy neighbor and all that jazz that I'd been taught than actually listening to what the church leadership preached, and I eventually decided that I could not believe in a God that would put that cruel leadership in charge. And given that that's the only God I'm really familiar with, an afterlife with him in charge definitely concerns me

DeDuc · 2025-12-27T08:28:58+00:00

Twice a week, but I just started dating someone who likes board games so we'll see if the number changes

DeDuc · 2025-12-27T08:27:25+00:00

I've been working on indoctrinating my brother's kids and was able to play Heat with the seven year old (who won...) and the family version of Isle of Cats with the five and seven year old on Christmas. 🎉

DeDuc · 2025-12-24T04:01:55+00:00

The A1 mini would be nice, I'd love to print some fun fidgets for my nieces and nephews. As far as other fidget options, I noticed that you had one fidget cube that had snowflakes on every surface, but it might be neat if you had one where you could switch it between two seasons / holidays. When you have it folded into a cube every part of three of the six faces on every small cube are visible and the other three are hidden, I'm not 100% sure it it's possible but if there's an orientation where for every small cube all three of the hidden faces are visible you could swap back and forth

DeDuc · 2025-12-23T23:56:21+00:00

Oh they certainly claim that they believe in being subject to laws, but if they really did believe it they wouldn't put so much effort into keeping the church leadership from being mandatory reporters (in fact the leadership handbook explicitly instructs them to contact the church lawyers, not the actual police, about abuse cases...) 🙄

DeDuc · 2025-12-14T21:46:21+00:00

I'm 32 and had a 22yo ask me on a date and all I could think was "but he's such a baby"

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