"That Was Unethical, Not Fair, and Dumb!"
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- Äas pĆidĂĄn 20. 06. 2023
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Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
Hi. Iâve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second child. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks
@@Lourd-Bab However, if you do not have access to a professional like JUDITH ANN PEACE, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments
@@PilouBen Oh please Iâd love that. Thanks!
@@Lourd-Bab Judith Ann peace is her name
Lookup with her name on the webpage.
She have never said the 20 year old is irresponsible. He's making crap up at this point.
Just making a lot of assumptions.
4 comments and counting . . . will he make 5? Stay tuned!
Dave is just letting his greed shine through. He never asked her and her husband what they were going to do with the money. He just heard the age and decided he can't handle money to justify robbing him of his inheritance.
@@joelfenner9179 Sometimes my comments have some type of error with I hit comment. So I go and re-word it. Without knowing that it went through.
He's totally irresponsible!! You are trolling, as usual. The little baby hubby needs to get his controlling mommy to change it. You don't give $450,000 to an irresponsible 20-year-old.
I don't even think you listen to the calls with all of the stupid comments you make.
The 20 year old is an American, which proves them to be irresponsible.
Her husband ALLOWED it? He has no say in his mothers will!
It was up to him to sign onto the loan though. The smart thing would have been to only sign the loan if you were 100% getting the house without conditions.
@@username9999 Or sign in return for a lien for the amount he contributed.
Did everyone miss his eldest son, it's not her son. Her husband son. They have a new child, new marriage!đź
Stepmother.
Grandma might see something we donât and wanted to make sure eldest isnât hung out to dry. Buuuuut she could be bat crap crazy and stupid. đ
2 new kids.
No, but Dave did. He thinks itâs all one big happy family.
It also somewhat sounds like sheâs a stay at home mom who is money grubber
Sounds like the grandma was protecting her grandson from his stepmom.
EXactly, dave is dead wrong on this crap
Exactly, she's pissed the stepson is getting money that she wants. Notice how she was quick to mention her other two little kids - she wants her kids to get it. In addition she stated her husband has a history of irresponsibility, so who is she suggesting would be responsible for the trust.? Also, it's only the stepmother saying he's irresponsible not anyone else. Sorry, but she has no say in this and needs to back out.
FACT!
Exactly
@@leevicker8274 I mean, I think that the cost of the repairs they put into the house should obviously be deducted from the 50% of the profits that goes to the husbandâs bio son. Aside from that, yeah, they should pay it
Sheâs not dead; presumably, he wonât still be 20 when she ultimately dies.
True, but you gotta draft estate documents as if you'll die tomorrow
I think if the husband follows Daveâs advice and demands that Grandma âfixâ her mistake, sheâs going to fix it by leaving 100% to the grandson and 0% to the callerâs hubby.
Good idea.
We can only hope grandma cuts the wicked stepmother completely out of the deal
@@justinlawson3493 The problem is no 20 year old is responsible enough to handle that money. They need to keep it as far as possible from the 20 year old because he will go out and buy expensive cars and waste all of it.
@@costco_pizza it doesn't take away the fact that he's an adult. Also he probably won't be 20 by the time grandma passes away.
@@costco_pizza thatâs quite a blanket statementâŠ.judging by the calls Dave receives on the show, there are people of all ages inept at managing moneyâŠEven if it were true that âallâ 20 year olds would blow through 400k, the particular one in the case would likely be much older than 20 by the time he receives the money with the way granny has it wrote up in the will.. At the end of the day itâs grannyâs money and she should be able to do what she wishes, no one is entitled to that money, especially not the gold digging step mom
I think the grandma is looking out for the grandson. Maybe she thinks he will be forgotten, as her son has two other kids with this lady. Dave needs to listen rather than going on rants. Doesnât help that Deloney just sucks up rather than calling it out.
The grandma is protecting her grandson. Clearly the stepmom thinks more of her biological kids than him. Itâs not their house, the grandma can do what she wants, they are just greedy and want all the profits.
But there are 3 grandchildren dude
Agreed
This woman is a greedy snake. Listen very carefully to her choice words. I hope the grandmother hears this call and cashes out these two for the 100k and signs everything over to her grandson.
Sad to say, Dave jumped to assumptions without much listening. Terrible advice! Way to go grandma! If she made her decision that way, she knows something this caller didnât say. Grandma had every right to do it! And that woman complains getting 1.3 M house after spending 100k? Grandma, stay strong, your in-law is evil!
He always does. This is Dave Ramsay
Are you serious? So the son assumes all the risk, has to put in his own money to upkeep the house, but the reward is only half the profit if they sell? I'm sorry Dave may some absurd things, but he is dead right on this one. That is a grandmother who is trying to not play favorites but is screwing over the son in the process for being responsible. Im sure this in-law didn't pull stuff out of thin air, she sounds like she understands the situation quite well, and that situation is horrible for them.
classic dave
@@edd06001 There's very little risk for the husband and wife. They are putting down $100k to own 50% of a ~$1.2M house. If they sell the house (assuming it's all paid for), they would get half of the profit which is $600k, hence a net profit of $500k. That's a win-win no matter how you see it. The grandma probably worked years for this house, it's her decision who and or how she wants to leave it to. And this only happens if they sell the house.
â@@edd06001half is still 500k. That's still way more than he put in
I don't think i have ever disagreed with Dave until now. He doesn't know the boy and sounds like step mom wants the money
You are correct and what is quite interesting is that I have read about 3/4 of the comments so far and every single one of them are saying the same thing, with one exception I found. Dave utterly failed on this call.
Guys, no 20 year old should be anywhere near this money. This brat kid will just blow it all on drugs and expensive cars. Keep it as far away from this punk as possible.
The grandmother is actually protecting her grandson. Look how this woman focused on her two babies but doesn't want anything to do with her stepson. Looks like the grandmother is actually very wise and was proactive in her decision.
I thought about this too. Also, where in the call did the lady call the 20 year old irresponsible? I guess i missed it!
Just because theyâre 20 doesnât make they automatically irresponsible either.
@@simplybirdie6481 No 20 year old is responsible enough to handle that money. They need to keep it as far as possible from the 20 year old because he will go out and buy expensive cars and waste all of it.
@@costco_pizzamost yes, but ânoâ? Youâre wrong. I know a 19 year old who Iâm pretty sure would handle this amount of money responsibly.
@@costco_pizza too broad of a generalization, friend. And the caller in the show didnât even mention the 20 year old was irresponsible , this was just assumed
There was so much projecting on this call it was brutal to listen too. Almost nothing was said or implied, the hosts just took it and ran. I hope grandma is strong enough to stand her ground
Sounds like the mom knows. What kind if stepmom, her daughter in law is.
Dave did terribly on this one. He didnât even get proper information from the caller before going off on a rant. When John tried to ask relevant questions he doesnât even let the caller answer. He makes assumptions that the son is irresponsible with zero information to support that assumption. If this is a step mom, maybe the grandma doesnât expect the elder son to receive help from his father and wants to look out for him.
I agree, the first thing that should have been asked is, why did the mom add this clause in. What was she afraid of
Agree completely.
bible says its a sin to b powerfull and ack like god that wont allow other people to speak .he loves to show power this way arrogance and blind by power .. isnt that evilll.?
@@LuisLopez-nk7fj just pride
Nope, Dave saw the end of this from a mike away.
I hope the 20 year old finds out about this, that should make Thanksgiving fun going forward.
I'll project and assume the same way Dave and John did here. No more or less and say 20yo already isn't allowed at step-mom's Tgiving which is why grandma felt the need to protect 20yo.
Wow, so many interruptions from Dave jumping to conclusions that I could not fully understand the caller's explanation.
Sounds like the caller is mad the stepson is getting the money rather than her kids.
Boom
He gets half, they get half aswell.
Who said the 20 year old is irresponsible?
If they're American, they're irresponsible.
This woman is a second, I'm guessing. Granny should pay them the 100k and put it ALL in a trust for the 20 year old.
Do we know if the 20 year old is irresponsible?
Yes we do, they're American. That says they're irrresponsible.
His mother said he was irresponsible
â@@geoffreymoseley6801the caller is his stepmother and she never said that, Dave is just screaming it
We do not. Dave was too busy talking over everyone
@@amireallythatgrumpy6508 you are grumpy
Her husband needs to run she just wants the money. The eldest son absolutely deserves that money. Not HER NEW KIDS!!!!
It is her money let her do what she wants with it.
I need an update on this one, please. I am invested!đ€
Dave always misses the point on these second marriage situations.
Because he is one woman man. This is too complicated for him.đ
@@jomontanee Iâm imagining smoke, charred wires, and springs sproinging out of his head.
Yep. She has new bio kids with hubby and couldnât give a damn about his previous one. Itâs biological in nature-but must be recognized.
Yep!!! And always sides with a woman
Translation: new wife doesnât give a damn about hubbyâs first born, grandmother sees it, and has protected her grandson from her weak son being manipulated by the new wife.
Sounds like a bitter new wife
Dave calling the grandma dumb is out of line. I'm sure there was a reason she did that, especially if she's in her right state of mind. If he would actually listen longer and not cut people off, he may get a better picture of what is going on.
It is his mother's house. Not his, or hers. She can do what she want.
If they sell, they can throw the other half to the other kids.
Making a big deal out of nothing.
She can do what she wants, but she also made an agreement with them when they took out the new loan and then she went and violated the terms of that agreement with this new clause.
@@adamseidel9780 And what was that original agreement?
I agree. The other half minus any expenses. Maybe even a bonus bigger portion, but her son doesn't deserve to have his future wealth stolen. They are basically booting him out of the will and that is unethical in my opinion.
@@jimmymcgill6778 she literally said it on the call, that the couple would do all this loan co-signing and theyâd get the house when she dies.
@@SneakerGame-tp8gv that was the agreement grandma made. Presumably she has other assets she can include him in, plus generally speaking wealth doesnât slip a generation like that, the older son will be entitled to his piece once his father passes.
For grandma to feel she needs to make sure her grandson would be taken care of says a lot about the father and stepmother. If she knew for sure grandson would be safe,( as Delony likes to put it) grandma wouldn't feel the need to do it. I agree with the trust idea.
I hope granny gets pissed and leaveâs everything to the 20 year old. Step mom is very greedy
I love Dave. His advice and Biblical wisdom helped me to become debt free and changed my life. I've even visited Ramsey headquarters and was blessed to meet and take a photo with him!....But this was a big time miss. If he'd listened more instead of jumping to conclusions prematurely, he would have been able to see the dynamic at play here. She made it clear the 20 year old was "his son", and wants his share of what his grandma wants for him...for herself and her bio children. Also, the man is 20 NOW. He won't be 20 whenever they sell the house. It appears Dr. John wanted to seek out the truth further but kept getting shut down by Dave. I seriously love Dave, but he's got to humble himself and be a better listener.
Good observations. Particularly the "he won't be 20 when they sell the house" comment. Mr. Ramsey has been a little less patient lately. I wonder whether it is the legal issues he is going through (in the news headlines) placing extra stress on him. He was more patient before that; I expect he will be more patient again when this law suit is buried.
Dude, she was upset as it clearly was not her child....
If house is currently worth $1.2 million and they've only put $100,000 in, and there's a $400,000 mortgage, I'd keep my mouth shut lol. Don't strong arm granny, just tell her she changed the rules after they helped out so now she needs to change it back. She's the stepmom wanting her 2 kids to have a cut and grandma has made pretty clear what she wants. If I was her I'd just shut it in front of grandma. It's grandma who built that equity. It sounds like she's newer on the scene so granny probably saw her coming lol.
On point and Dave Ramsey is wrong here.
@SneakerGame-tp8gv terribly wrong. How many benefits has DR given his kids growing up, college, homes, employment? Please.
@@Elizabeth_lowkeyluxuries I am agreeing with you, so if I'm wrong you are wrong too I guess, lol
Dave Ramsey was born wealthy, to two parents who were wealthy Real estate developers. I'm sure his children had a heavy leg up in terms of their education and opportunities, and when you come from a family that is worth hundreds of millions typically, I don't know from experience, but you are treated like royalty. How many positions did his children get from even having the last name Ramsey? I'm sure these children had far more opportunities than you or I did, just for the access alone.
@@SneakerGame-tp8gv đ€Łđ totally agree!
Her house her rules don't push her or else she will take you guys out of that will đ
Don't get involved with family or friends regarding money. Never ends up good.
How would you know? Is that a meme you got from Google crap?
@@GhostruckerX Google Crap? Is that a new app for sound financial decisions?
â@@GhostruckerXwtf are you talking about? That is sound advice, you don't do it because they (family/friends) usually don't pay you back. If you give, gift it. Do not loan it.
@@robloxvids2233 The problem is no 20 year old should be anywhere near this money. This punk brat kid will just blow it all on drugs and expensive cars. Keep it as far away from him as possible.
@@joelkaben How would you know either? You haven't been in those shoes either just be quiet. Instead of coming sideways with all these types of sceptical systems on me.
The stepmom doesnt like that her children weren't included
I love how to Ramsey, every person is a defined by one trait.
This sounds like the caller is biased. She married into the family and wants to funnel more money towards herself
It's not their house. The mom owns it. And Dave needs to stop trying to use money to control people. "Don't give money to the poor, they're irresponsible." "Don't give money to this young adult, he's irresponsible."
No. If you're concerned about how he will use the money the sit down and talk to him so he can have a plan. Lay out what his debts are so he knows they're going to be paid off. Figure out where he would like to live because he's going to buy a house and be mortgage free.
You're not entitled to money that isn't yours to begin with because you think you're more responsible. It's not a contest. He's a grandchild, he gets a share of the inheritance whether you like it or not.
Facts. I knew what compound interest was when I was 16 and would have been more financially responsible than I am now. Dave just believes everyone he talks to on his show is stupid - and perhaps they are if they canât make the best decisions with simple facts.
Unfortunately you have to think about the real impact Dave is having on these peopleâs lives: this kid might get screwed and end up hating his family for this decision. $400k at 20 would have CHANGED my life. Instead I now have to work the first 10 years 2x as hard - years that Iâll never get back - for the same end result. Throw in compound interest and that time frame doubles. Unfortunate for this family that this woman couldnât respect someone elseâs money and instead wants to drive a wedge into this manâs family after theyâve already done so much for her.
Dave has the worst fucked up family opinion on the internet
Terrible advice and the reason the usa and world is doing so poorly. You making a plan for them doesnât make them follow it. You just described why most under 40 still rely on parents lol
Did they just assume that the son is irresponsible ? I know she mum mentioned the husband used to be irresponsible with moneyâŠbut nowhere did I hear that the son is actually irresponsible with moneyâŠso nothing wrong with leaving money to him if thatâs what grandma wants
Someone call Sharon. Dave clearly needed a hug today.
The husband's mum is protecting her grandson. She knows something that the son (husband) does not about the son's wife (the caller).
You can try and sue the trust. He is over 18 and the money can be left to whomever she wants it left too. You can't sue the trust.
Also not every 20 year old is an idiot and not ever 40 year old is responsible. Dave is way out of line on this.
Dave is not a lawyer.
I am so glad the comments on this video agree with the grandmother. The only thing Dave is right about is that the grandmother should put the money in a trust for her grandson to make sure that it lasts. But you don't go to your mother and demand that she change the contract because you don't want your son getting the money. Come on Dave!
Exactly. It is the grandmother's money when all is said and done, and she is of sound mind so she can burn it all at her funeral if she wants. Someone can't change a will just because it isn't the way they would do it. How come Dave thinks he can stipulate every little detail about which of his kids get his money and conditions how they live their lives but the grandmother can't?
Grandma is looking out for the grandson the new wife isn't concerned with. Bad bad bad Dave.
yep
Always trash advise from the ramseys on family
Good point. The caller did call the 20yo "his first kid" dismissing any responsibility for the kid. But a trust with triggering mechanisms is still a good idea in most situations involving a lot of money and people under 27yo
This advice is insane!!! The wife should not be making decisions about her 20 year old stepson! The wife said the husband was irresponsible, not her stepson. She wants the money to go to her two children!!! They will all still make a profit! Furthermore, the child will not be 20, when the house is sold!
Dave Ramsey is a straight up crazed villain.
Exactly this
Also, itâs just the pot calling the kettle black, because David âs kids had their school paid for and then were gifted âjobsâ by Dave anyway to boot. And Dave benefited from his parents being in real estate, his whole life, admittedly. If Dave and his kids didnât need to start from scratch then thereâs no reason this guy needs to. Canât have it both ways.
No 20 year old should be anywhere near this money. This brat kid will just blow it all on drugs and expensive cars. Keep it as far away from him as possible.
After my dad died my mama got the 40 acres of land. She went and fixed a will around 5 years after his death for the land to be divided between me and my sister. About 2 years later sister and her children talked my mama into changing the will to her son who was 24 years old at that time. He was 31 upon her death and got all of the land.
I side with the grandma. She paid for most of the home. Not her son. Her name is on the title. She can do what she wants with it. If she wants to make sure her biological grandson has a place to live, then good for her. The wife thinks just because her husband put 1/10 what the home of worth he's entitled to keep all the money if it's sold? No. He was dumb for being a guarantor, and she is dumb for thinking they are entitled to the home
That is a good grandma and she can do what she wants. I do agree a trust may be a good solution but she wanted to give her grandson a gift and i think that is awesome.
I have been more responsible than my dad since I was 17yo. Giving a kid money is not inherently wrong if they are wise too.
I was wondering why grandma is singling out one child for inheritance share.
Is that the only bio-child of hubby and thus BIO-RELATED TO GRANDMA? Are the other kids the hubby's step-kids?
That would spin this ENTIRELY DIFFERENTLY, with Step-mom not liking that Grandma isn't gifting HER ids with part of a large inheritance.
Inadequate info was gained to make a proper evaluation of the situation.
A step-mom saying step-kid is irresponsible and shouldnt get the inheritance granny wants to give him... would just be Step-karen being self-entitled.
Caller admitted that grandma is still of sound mind. That means grandma can make her choices about her will and really it was a mistake to tell anyone what's in the will.
Grandma owns the house/loan. SHE can do whatever she pleases. I let my mom make all the calls on her home. I just help because I can/want to and want NOTHING in return.
I would have liked to hear more from John with this caller. He has such insight to contribute rather than just color commentary
4:27
While Dave may be morally correct a court of law won't nullify a will by a sound minded individual just because you don't like it. How come Dave can stipluate every little detail about which of his kids get his money and how they live their lives but the grandmother can't?
Notice, they shifted right onto the husband? And then start belittling him as a man. When in reality, the woman, his mother, the grandmother is the one that did this. All the young men out there pay close attention, never call the Ramsey net work for help they donât have your best interest at heart they will always blame you.
Lol yep. She doesn't want step son to get a piece.
They are right in this case, though, itâs his mother, he needs to handle it
Exactly, more n more guys are done dealing with this crap
Majority of mature men if they can avoid the gambling, booze, drugs and gold digger rout can avoid being saddled with debt so Ramsey's core audience are women and men who are in relationship with women where the women is gonna control the money anyway. Majority of single men don't need Ramsey's đđ©. He's not gonna bite the hand that feed him.
White knighting Dave
A "20 year-old irresponsible person with $400,000" is a future 21 year old person with zero money.
You guys act like grandparents never hate their kids because they are assholes but love the grandkids. This is grandma protecting the baby because she sees them as incompetent
The husband needs to dump this woman. She just wants the money and leaves the 20-year-old without any financial emergency fund.
Because dumping the mother of his two children in such a fantastic solution. No.
Majority of wealth in divorce and inheritance is passed to women. Women work off of social currency. Men work off what they build.
Love how these two trash the husband as always. Never hold women accountable always help them always trash the man.
Majority of wealth in divorce is passed to the COURT. Lawyers and judges keep everything.
@@amireallythatgrumpy6508 97% of all spousal support ever paid was from men to women. What's left anyway.
Do we know anything about the 20 year old? He might actually be the actual best option here.
Started listening in 09 in college and this was the most disgusting call response I've heard. As everyone pointed out they ignored the elephant, that grandma is likely protecting kid 1 from step mom, and proceeded to destroy the lady as controlling based on their projections of past calls. They destroy the kid as irresponsible based on nothing other than being 20 and projections of past calls and he gets compared to an addict. No evidence was given for these. I'm not gonna argue that a 20yo is ready for 400k, but it's a trust, put age requirements on it.
Now I'll project. If the kid is irresponsible maybe it's bc controlling step mom came in and didn't allow kid 1 to receive proper parenting since, as the duo projected dad is a push over and a "coward" he never stood up to step mom and grandma saw this. I hope grandma is able to stand her ground and ensure kid1 is protected from new marriage and kid2-3.
I feel like John maybe wanted to go there (grandma's lack of trust for step mom) for a sec but once Dave was already rolling on the narrative, John just followed suit like always. Rachel may have been the only one to explore that option to counter Dave.
Fine! Don't sign and the grandson gets 100% of the house
Dave is wrong. Let the 20 year old have 400k. I
Not if you still want them to have 400K a year later
After this call they got a bunch of courage and went to confront the mom:
Son: Mom you need to change this right now!
Mom: Okay
Son: *looks at new contract* , 20 year old gets 100%
Mom: dies
Son: Oh #$@!
Most wills and trusts have a non-contest clause. That means if a beneficiary contests it, they lose their gift. And strong-arming ill Grandma to sign new documents? Thatâs elder abuse. Son and the crooked attorney and notary he uses can all go to jail and lose their licenses. Sad trombone.
if i die, my two kids get 1/3 each and wife gets 1/3 of the house. I'm 45. house will be paid off in 7 years and worth almost 1 million. my kids are 8 and 11. wife said boldly she will remarry if i die unexpectedly. i will not allow some clown take what i worked hard for and keep for himself. đ
It sounds wise that you are dividing equally to secure your children's financial future with some stability, regardless of what your widow chooses as her future. However, will their money be put in a trust for them to inherit at certain milestones so it's not all given to them in a lump sum while they are still minors? As mentioned in this video, that seems like a more responsible way to pass down wealth.
Wow. That means the house will have to be sold. Your wife may live to regret opening her mouth when she has to live in a condo or rent. But good for you, making sure your kids inherit what you intend them to have.
As someone who also get's more things with loud mufflers, I approve this message.
I'm trying to be openeded minded with the comments saying shes only worried about her kids, however if the husband has a 20 yr old it makes you wonder if she is younger. If he is older and will statistically die sooner, i could understand worrying what would happen tonher and their children. By then the 20 yr old could be 30s or early 40s and have a more established life versus his dad's children that would still need help with college, etc??
Lots of assumptions here by Clown Ramsey. Sounds like Grandma is just trying to protect the kid from his greedy stepmom. Stepmom wants all the money just for her kids, it's pretty obvious what is going on here.
I think thereâs more to this story than this caller is presenting. Too many harsh assumptions.
grandma needs to sell the house and spend it and split it leftover to 2 sons evenly, sounds like mom still got many years of life.. His older son doesn't deserve 100% just because he is good with money.
Who the hell would waste a fortune on a charity who isn't truly making a difference. Children are entitled to the money by law. I wouldn't sign anything away especially to a non blood related member of the family, who do they think they are?
Wouldnât he only get the money once they sell? It didnât sound like they were planning on selling after her passing
2:16 Reference to the quality of this "advice". This could be ruining the grandson's life. They need to issue a retraction and apology immediately.
As a former Bank Teller I could tell you some stories...seen it dozens of times young people closing their checking accounts after going thru the money that family left them. Seen adults also losing homes after winning lots of money or getting an inheritance. Dave speaks the truth on this one.
By far the worst advice ever given on this show. They're robbing the grandson of his inheritance and insulting the grandmother for her generosity.
When the house sells, caller and husband get $100K back and the remaining profits get split according to however the grandma wants according to her will. Caller and husband have no right to grandma's money and assets unless grandma legally gives it to them.
What shes really mad about is that the oldest grandchilds mother will probably benefit from the childs inheritance đ a whole lot more is going on here and I want to know what it is!
Evil stepmother trying to cheat her stepson out of his inheritance.
Grandma should have consulted a couple of estate planning attorneyâs to develop a plan. Inheritance is always messy. It brings out covetousness, greed and negative character traits.
Letâs imagine alternative scenarios.
Scenario 1: If grandma took out a reverse mortgage, HELOC or mortgage for 50% of the value of the house (she gets $600,000 cash). Is she allowed to do with the cash what she wants? Can she give that cash to her grandson, or put it in a Trust? Then gift the house to her son. He would essentially be getting a $600,000 gift. He can take out a loan to payoff grandmaâs mortgage. Or sell the house.
Second scenario. Grandma puts the house in a trust. Make the beneficiaries of the trust 60:40 (60% to her son and 40% to the grandson). Upon her death the house is sold and the proceeds go into the trust.
I am definitely not an attorney. Would like to know how a lawyer would structure the transfer
Trusts would work with irresponsible grandson
Idk I donât think Daveâs right on this one. However yes the money should be spread out over time to the kid.
She's protecting the grandson. This response feels off.
It's her house she can do whatever she wants!! đ
The grandmother is smart
I donât know what the issue is. Grandma isnât dead & grandson doesnât have 4k in his pocket. Isnât it her house? Her son just put his name down as a guarantor. Surely sheâs made the house payments???
Ramsey needs to determine who is manipulative. I doubt the wife is listed in the will, therefore the âweâ is likely her husband. Furthermore, would she have a problem if the 20 year old was her child and were the two year olds conceived before the contract was made?
Sheâs a controller lol
Sorry Dave but grandma can do whatever she wants with HER money. Even if the step mum is right in that hee step son is irresponsible, grandma would prefer him to have the money than over her actual son and his wife. That says a lot!!
Am I missing something? When did the step mom say he was irresponsible?
Americans are always irresponsible.
â@@amireallythatgrumpy6508Relevant username.
He wants them to give the money to charity and not the 20 year old to âruin his lifeâ so to set him up in the future is terrible now nice
In what part of this video did the caller say the 20 year old was irresponsible? I donât get Daveâs advice at all on this one! Dave doesnât know half the story thatâs going on! Dave was very judgmental
All Americans are irresponsible.
Are there any other siblings of the husband? And it's contingent on the sale of the house. Maybe they sell their house and move into grandma's house. Too many unknowns here.
From what I heard the husband use to be bad with money not the grandson đ„Žđ„Žđ„Žđ„Žđ„Žđ„Žđ„Žđ„Žđ„Žđ„Ž
Good advice.
I donât get it ⊠isnât it grandmaâs money ? Itâs her will ⊠she can give it to whoever she wants ⊠no need to correct the will if sheâs happy with it and she seems to be in a good state of mind to make the right judgement (not mentally incapable or anything)
Woah there in the comments section. It doesn't seem to me Grandma is taking care of her grandbaby with her own money. She's taking care of her grandbaby with the money she scammed out of her son by making him pay the mortgage that she held the title to. Correct me if I'm wrong, but is that not the case?
Nothing wrong with giving a young adult 400k. Daveâs kids had school paid for and then given good âworkâ by him amounts to the same. Dave himself benefitted from his parents being in real estate his whole life. Stop complaining.
I am a little confused with this one. Unethical because the two other grandkids were left out? Or because it goes to a 20 year old? The commenters talking about the evil stepmother... sounds like she is just watching out for the kids and the 20 year could still get money but in a trust.