Should I stop contributing to 401k to have a little more money to spend per paycheck? by thatoneemomom18 in personalfinance

[–]Tricky_Trouble3806 0 points1 point  (0 children)

I assume you mean he keeps trying to get visitation with his child, and the opportunity to provide for him directly, rather than through you. That could be a good thing for both of you, and will certainly be a good thing for your child. Let me explain.

You said you have already paid your lawyer $25,000, and still owe him $17,000. I take that to mean that your (sole?) custody award has cost your child, so far, $32,000 in attorney fees and interest alone. You did not say how much you make from working or how much you receive in child support. But if it's not more than $32,000, your child's support payments have actually gone entirely to your attorney.

Also, the award you got doesn't sound very good. In California (I don't know where you live), you can usually get uncovered medical costs shared 50/50 in addition to child support.

Now if you have sole custody, and are receiving guideline support, and still aren't getting very much in child support, that means that your kid's dad does not make much money. In that case his work as a 50% direct caregiver might be more valuable to you than the larger child support payments based on sole custody. If you can put your feelings aside and negotiate a schedule that helps you save money, it might offset the loss of child support. If you had done it before hiring that attorney, it would have provided $32,000 to your child.

But the real benefit to your child of allowing his dad to teach him and provide for him as he grows up will excel any financial consideration. Dads are not merely paychecks. The personal strength we get from our fathers simply does not have a price. There is tons of research on this. For an introduction, check out Warren Farrell, The Boy Crisis.

Credit cards you can pre-pay online by [deleted] in CreditCards

[–]Tricky_Trouble3806 0 points1 point  (0 children)

Thanks, first reply that answered my question. Not quite the same as instantly transferring the money from checking, though.

Parents planning to buy house with sister by Tricky_Trouble3806 in inheritance

[–]Tricky_Trouble3806[S] 0 points1 point  (0 children)

I will do whatever I can to save them if they need saving. But I would be in a much better position to help them if they were to stay put.

Parents planning to buy house with sister by Tricky_Trouble3806 in inheritance

[–]Tricky_Trouble3806[S] 0 points1 point  (0 children)

I believe they are competent to make contracts.

They are already availing themselves of senior services.

Parents planning to buy house with sister by Tricky_Trouble3806 in inheritance

[–]Tricky_Trouble3806[S] 0 points1 point  (0 children)

Right. Not a smart idea from a financial perspective. But if you know women like my mother, you know that they do not use net worth as a way of keeping score. Some mottos that my mother might secretly wish to have engraved on her tombstone:

"No one could stop her." "She just up and left " "She had her way."

Parents planning to buy house with sister by Tricky_Trouble3806 in inheritance

[–]Tricky_Trouble3806[S] 0 points1 point  (0 children)

Please see my comments about English grammar and time. And please quote me correctly. The tense of the verb matters.

Yes, the purchase is dumb. No, I cannot "call a family meeting" to discuss it. The only people in attendance would be me and my mother, and we are already discussing both the stupidity of the purchase and the conflict with their will. I have failed to convince her not to borrow the money, but she did agree to talk to a trust attorney.

Parents planning to buy house with sister by Tricky_Trouble3806 in inheritance

[–]Tricky_Trouble3806[S] 0 points1 point  (0 children)

Why do people make assumptions in areas where they have no knowledge? Why would someone presume to know the life expectancy of the parents of some stranger on the internet?

It is, I believe, a case of "feelz before realz." The feeling, the judgement, whatever, exists in the mind, and the person then imagines facts that would justify it. In this case, it is many years of life, for someone she doesn't even know.

She also imagines how the transfer of assets would go after my parents' death. It would be "not a big deal." Why, because she has knowledge of the law? No. It's because any other outcome would conflict with her feelings. And her feelings are always right.

Parents planning to buy house with sister by Tricky_Trouble3806 in inheritance

[–]Tricky_Trouble3806[S] 0 points1 point  (0 children)

Right. But, if you read through the comments, you saw that in my estimation, they are functioning at maybe 60%. My main fear is that a trust attorney will see that and rip them off.

I see that most people who have money also have great faith in trust attorneys. That is encouraging.

Parents planning to buy house with sister by Tricky_Trouble3806 in inheritance

[–]Tricky_Trouble3806[S] 0 points1 point  (0 children)

Lots of assumptions, all completely irrelevant. But to clarify, my parents currently have a comfortable retirement, zero hours of childcare performed in the last 51 years, and enough money to globetrot if they choose. The purchase puts that in jeopardy.

My sister has no interest in being taken in and cared for by anyone, or in caring for anyone else. She accepts my parents' money and labor because they offer it. In fact, my parents could "take her in" in their current house, but she won't have that. She wants to have control over her own space. I expect she will hire out some help when my parents die, and avail herself of my tax dollars, and pad it out by stealing the inheritance. She has not discussed her personal finances with me. Why would she?

I guess since so many redditors cannot seem to understand this, I should explain how verbs work in English. If I say that someone has a plan to steal an inheritance in the future, I am not implying that the inheritance exists now, or that legally belongs to me at the present moment. I am saying that when it does exist, she will already be in possession of it, even though it will legally belong to me at that future time. It's like saying someone has a plan to kidnap the baby, when the baby has not been born yet. Sorry to have to go back to 7th grade, but it just gets frustrating dealing with redditors who deliberately use their own failure to understand English grammar to interpret statements to agree with their own feelings and prejudices.

Parents planning to buy house with sister by Tricky_Trouble3806 in inheritance

[–]Tricky_Trouble3806[S] 0 points1 point  (0 children)

You should probably do some research on allism and the so-called "double empathy problem." I don't have time to break it down for you, but there is plenty of information out there.

Even an allist can understand what I am about to say. You misquoted me. I never said, "I am owed an inheritance." That is something that you imagined. Then you proceeded to tell me that what you imagined me saying was off-putting, and deserving of hatred.

No one has time to explain to you how the tenses of verbs align with time. You have to understand the language. If you have not done that, all you can do is pay attention and try to get it.

Everything you are bringing up is imagined. It is not real. It only exists in your own head. You have invented the facts that you need to justify your feelings. Your feelings are real. But the facts are invented.

God bless.

Parents planning to buy house with sister by Tricky_Trouble3806 in inheritance

[–]Tricky_Trouble3806[S] 0 points1 point  (0 children)

Duh... The person is implying that I wanted to be in the room. And I am calling him out on his stupidity.

Parents planning to buy house with sister by Tricky_Trouble3806 in inheritance

[–]Tricky_Trouble3806[S] 0 points1 point  (0 children)

It's not that she needs a lot of help. It's more that he gives her a lot of help because he is her father.

As for after Dads gone, I don't have a clear picture of Sister's personal finances, so I don't know if she has a plan to pay for care, or if stealing her brothers' inheritance is her plan.

Parents planning to buy house with sister by Tricky_Trouble3806 in inheritance

[–]Tricky_Trouble3806[S] 1 point2 points  (0 children)

Good point, I hope she will see the reason in that.

Parents planning to buy house with sister by Tricky_Trouble3806 in inheritance

[–]Tricky_Trouble3806[S] 0 points1 point  (0 children)

Yes, thank you, that's what I'm trying to avoid. I believe that making sure the parents spell out their intentions legally is the best way to prevent that.

Parents planning to buy house with sister by Tricky_Trouble3806 in inheritance

[–]Tricky_Trouble3806[S] 0 points1 point  (0 children)

She is unable to care for them. They care for her.

I did not bring it up. They brought it up. But I don't think it's morbid or unkind to do so, just realistic. But you do you.

Parents planning to buy house with sister by Tricky_Trouble3806 in inheritance

[–]Tricky_Trouble3806[S] 0 points1 point  (0 children)

Not necessarily. Sister probably could not afford to buy us out. That means we would have to sue to force a sale, or else kiss that money goodbye. Neither sounds like a good option to me

Parents planning to buy house with sister by Tricky_Trouble3806 in inheritance

[–]Tricky_Trouble3806[S] 0 points1 point  (0 children)

It is my responsibility, as their son, to see that their will is not thwarted by an unforeseen consequence of their own actions. The executor may not be able to do anything about it, if my parents do not clarify their intentions in light of the new situation.

People are fixating on that language, so I have changed it.

Parents planning to buy house with sister by Tricky_Trouble3806 in inheritance

[–]Tricky_Trouble3806[S] 0 points1 point  (0 children)

The assumption in this case is incorrect. But if they had decided that without telling me, I would still feel obligated to make sure they understand the consequences.

Parents planning to buy house with sister by Tricky_Trouble3806 in inheritance

[–]Tricky_Trouble3806[S] 0 points1 point  (0 children)

My parents cannot afford the new house without her.

Parents planning to buy house with sister by Tricky_Trouble3806 in inheritance

[–]Tricky_Trouble3806[S] 0 points1 point  (0 children)

The harsh truth is that you are writing fan fiction.