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For the love of $ ( inheritance) #6628804
09/29/19 09:39 PM
09/29/19 09:39 PM
Joined: Oct 2009
Posts: 7,249
western mn
B
bucksnbears Offline OP
trapper
bucksnbears  Offline OP
trapper
B

Joined: Oct 2009
Posts: 7,249
western mn
What are your views?
Talked to a buddy of mine that has a very terminal cancer. Sounds like he's got less than 2 months.
He's fairly well off, worth a few million so he says and I believe him.

Anyway, it sounds like he's gonna leave everything to his son who is about 35-40.
I've know the son for years. Never had a job for more than a few weeks.
A total drunk/ meth head and has been for YEARS!.
Dad has spent buco- bucks bailing him out of trouble.
Got into a small debate with him without stepping on his toes about why he would leave it all to his totally worthless kid.
His reply was, ( who else am I gonna leave it too)
Now, I ain't all knowed up on money but for those that do, can you not declare leaving it too anyone you see fit?
What makes folks deed their hard earned $ on someone who will blow on drugs?
The guy KNOWS his kids a loser, talks about it but still is gonna leave him everything.
There is a a young guy that is a super respectful/ hard working fella helping him out for years with no pay.
The guys kind of a hermit and doesn't know many people.
Just drives me NUTS he's gonna give it all to a total loser instead of giving it to the kid that bends over backwards to help him out.
Am I outta bounds if I bring this up too him?


swampgas chili and schmidt beer makes for a deadly combo

You have to remember that 1 out of 3 Democratic Voters is just as dumb as the other two.
Re: For the love of $ ( inheritance) [Re: bucksnbears] #6628809
09/29/19 09:44 PM
09/29/19 09:44 PM
Joined: Nov 2015
Posts: 16,951
OH
Catch22 Offline
trapper
Catch22  Offline
trapper

Joined: Nov 2015
Posts: 16,951
OH
If you are friends, sure you can bring it up. Thing is though, it's his decision on where his money goes. It might sting you, but you should respect your friends decision and move on gladly knowing he did what he wanted.


I wonder if tap dancers walk into a room, look at the floor, and think, I'd tap that. I wonder about things.....
Re: For the love of $ ( inheritance) [Re: bucksnbears] #6628813
09/29/19 09:44 PM
09/29/19 09:44 PM
Joined: Jan 2007
Posts: 7,142
Wisconsin
M
Moosetrot Offline
trapper
Moosetrot  Offline
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M

Joined: Jan 2007
Posts: 7,142
Wisconsin
If it was me I would mention to him that he should consider giving the other young man who has helped him a portion of his holdings. I would not be afraid to have that discussion with him.

Moosetrot

Re: For the love of $ ( inheritance) [Re: bucksnbears] #6628814
09/29/19 09:44 PM
09/29/19 09:44 PM
Joined: May 2009
Posts: 15,528
Champaign County, Ohio.
K
KeithC Online content
trapper
KeithC  Online Content
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K

Joined: May 2009
Posts: 15,528
Champaign County, Ohio.
What your friend should do is appoint an executor of his estate, who pays out a small amount of money at a time, over a long period of time to the son, on the condition that he competes a drug and alcohol program and tests clean before receiving the payments. It will keep the son from splurging and immediately overdosing.

He could appoint the other young man as executor. Executors typically receive pay from the estate for their work.

Keith

Re: For the love of $ ( inheritance) [Re: bucksnbears] #6628815
09/29/19 09:45 PM
09/29/19 09:45 PM
Joined: Jun 2010
Posts: 16,261
Iowa
~ADC~ Offline
The Count
~ADC~  Offline
The Count

Joined: Jun 2010
Posts: 16,261
Iowa
I'd mention it. He wouldn't have to give all of it to any one person. If he split it up a little he could give his kid some but still give a huge chunk to the other whom seems more deserving.

Re: For the love of $ ( inheritance) [Re: bucksnbears] #6628816
09/29/19 09:45 PM
09/29/19 09:45 PM
Joined: Apr 2012
Posts: 6,955
Northern Mn
rick olson Offline
trapper
rick olson  Offline
trapper

Joined: Apr 2012
Posts: 6,955
Northern Mn
It's his choice.but I don't think your outta bounds your trying to help your friend make a hard choice his son should get some of it with certain agreements with how and what the son has to do to get some of the inheritance,like holding down a job,getting clean and counciling etc.

Re: For the love of $ ( inheritance) [Re: bucksnbears] #6628817
09/29/19 09:46 PM
09/29/19 09:46 PM
Joined: Dec 2013
Posts: 9,294
Northern MN
O
Osky Offline
trapper
Osky  Offline
trapper
O

Joined: Dec 2013
Posts: 9,294
Northern MN
Yup outta line. If he brings it up you can input. Anyone I know Bucks?
In the end if he does not make something official it will go to probate which is
A shame.
My favorite charity is the Shriners children’s hospital, wish it were his.

Osky


"A womans heart is the hardest rock the Almighty has put on this earth, and I can find no sign on it"

Jabless in Minnesota

www.SureDockusa.com
Re: For the love of $ ( inheritance) [Re: KeithC] #6628821
09/29/19 09:49 PM
09/29/19 09:49 PM
Joined: Aug 2012
Posts: 9,912
Arkansas
J
J Staton Offline
trapper
J Staton  Offline
trapper
J

Joined: Aug 2012
Posts: 9,912
Arkansas
Originally Posted by KeithC
What your friend should do is appoint an executor of his estate, who pays out a small amount of money at a time, over a long period of time to the son, on the condition that he competes a drug and alcohol program and tests clean before receiving the payments. It will keep the son from splurging and immediately overdosing.

He could appoint the other young man as executor. Executors typically receive pay from the estate for their work.

Keith

X2. I was thinking the same.


James 1: 19-20
Re: For the love of $ ( inheritance) [Re: bucksnbears] #6628823
09/29/19 09:49 PM
09/29/19 09:49 PM
Joined: Dec 2013
Posts: 9,294
Northern MN
O
Osky Offline
trapper
Osky  Offline
trapper
O

Joined: Dec 2013
Posts: 9,294
Northern MN
He has time to put together a nice tight trust for his kid with scheduled dispersements. Lots of options.
Sometimes things just aren’t right.

Osky


"A womans heart is the hardest rock the Almighty has put on this earth, and I can find no sign on it"

Jabless in Minnesota

www.SureDockusa.com
Re: For the love of $ ( inheritance) [Re: J Staton] #6628826
09/29/19 09:50 PM
09/29/19 09:50 PM
Joined: Dec 2013
Posts: 9,294
Northern MN
O
Osky Offline
trapper
Osky  Offline
trapper
O

Joined: Dec 2013
Posts: 9,294
Northern MN


Originally Posted by J Staton
Originally Posted by KeithC
What your friend should do is appoint an executor of his estate, who pays out a small amount of money at a time, over a long period of time to the son, on the condition that he competes a drug and alcohol program and tests clean before receiving the payments. It will keep the son from splurging and immediately overdosing.

He could appoint the other young man as executor. Executors typically receive pay from the estate for their work.

Keith

X2. I was thinking the same.


Another good idea.

Osky


"A womans heart is the hardest rock the Almighty has put on this earth, and I can find no sign on it"

Jabless in Minnesota

www.SureDockusa.com
Re: For the love of $ ( inheritance) [Re: bucksnbears] #6628844
09/29/19 10:09 PM
09/29/19 10:09 PM
Joined: Dec 2006
Posts: 17,379
Coeur d' Alene, Idaho
J
James Offline
"Minka"
James  Offline
"Minka"
J

Joined: Dec 2006
Posts: 17,379
Coeur d' Alene, Idaho
The lowest cost option would probably be to set up a trust for the son. I'm assuming the soon-to-be-deceased wants to benefit his own blood.

A trust would pay the son a certain amount of dollars per month, and won't allow the son to (This word is unacceptable on Trapperman) it all away on drugs, fast cars, and faster women.

Jim


Forum Infidel since 2001

"And that troll bs is something triggered snowflakes say when they dont like what someone posts." - Boco
Re: For the love of $ ( inheritance) [Re: Osky] #6628845
09/29/19 10:10 PM
09/29/19 10:10 PM
Joined: Jan 2014
Posts: 17,692
Central Oregon
AntiGov Offline
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AntiGov  Offline
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Posts: 17,692
Central Oregon
Originally Posted by Osky
He has time to put together a nice tight trust for his kid with scheduled dispersements. Lots of options.
Sometimes things just aren’t right.

Osky


Yep with stipulations ........like continuous employment ........


Report a post club - Non member


Re: For the love of $ ( inheritance) [Re: bucksnbears] #6628867
09/29/19 10:26 PM
09/29/19 10:26 PM
Joined: Oct 2009
Posts: 7,249
western mn
B
bucksnbears Offline OP
trapper
bucksnbears  Offline OP
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Joined: Oct 2009
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western mn
No Osky, you don't know this guy.
Thing is, he's bad mouthed his son for years. His son has beat him up, stole MANY things to pay for drugs and he Knows it.
Yet he still wants to leave it all to his son.
I don't think I'll ever have enough $ when I die to give it to anyone but if I do, I know dam well I'd think it through and leave it too a person/ family that I felt would use it wisely. Please
An older guy I knew and did work for died a few year back. He was a multi millionaire but a world class ahole to the 9 the decree. He told me he was gonna leave 10% to his church.
I don't recall saying anything to him but to recall thinking" hey dude, you ain't buying your way to heaven"
I'm sure Satan is sick of him already!
But really, what makes someone think because it a family member they have to treat them special even after getting stepped on SO many times?


swampgas chili and schmidt beer makes for a deadly combo

You have to remember that 1 out of 3 Democratic Voters is just as dumb as the other two.
Re: For the love of $ ( inheritance) [Re: bucksnbears] #6628870
09/29/19 10:30 PM
09/29/19 10:30 PM
Joined: May 2010
Posts: 10,421
mn north of blakely
S
Steven 49er Offline
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Steven 49er  Offline
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S

Joined: May 2010
Posts: 10,421
mn north of blakely
I agree with James a trust is a good option.


"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
Re: For the love of $ ( inheritance) [Re: bucksnbears] #6628872
09/29/19 10:35 PM
09/29/19 10:35 PM
Joined: Nov 2015
Posts: 16,951
OH
Catch22 Offline
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Catch22  Offline
trapper

Joined: Nov 2015
Posts: 16,951
OH
Good grief BNB, it's HIS choice. If you are a friend, you'll respect that. Knowing your dying ain't easy, bringing things up is ok but you need to let him go out the way he wants. That's what friends do.


I wonder if tap dancers walk into a room, look at the floor, and think, I'd tap that. I wonder about things.....
Re: For the love of $ ( inheritance) [Re: bucksnbears] #6628881
09/29/19 10:46 PM
09/29/19 10:46 PM
Joined: Feb 2014
Posts: 13,057
Ky
J
jbyrd63 Offline
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J

Joined: Feb 2014
Posts: 13,057
Ky
Tell him to put part or all of it in a trust fund. Giving him only part of it each year. Then maybe if the kid gets his life straightened out he will have some of it left.......
Tricky part may be finding a trustee to look over it or some banks will for a yearly fee.....

Re: For the love of $ ( inheritance) [Re: bucksnbears] #6628883
09/29/19 10:47 PM
09/29/19 10:47 PM
Joined: Feb 2014
Posts: 13,057
Ky
J
jbyrd63 Offline
trapper
jbyrd63  Offline
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J

Joined: Feb 2014
Posts: 13,057
Ky
Sorry James didn't read from the top .

Yea what James said......

Re: For the love of $ ( inheritance) [Re: bucksnbears] #6628885
09/29/19 10:48 PM
09/29/19 10:48 PM
Joined: Feb 2014
Posts: 13,057
Ky
J
jbyrd63 Offline
trapper
jbyrd63  Offline
trapper
J

Joined: Feb 2014
Posts: 13,057
Ky
OOPS you to osky

Re: For the love of $ ( inheritance) [Re: Catch22] #6628888
09/29/19 10:52 PM
09/29/19 10:52 PM
Joined: Oct 2009
Posts: 7,249
western mn
B
bucksnbears Offline OP
trapper
bucksnbears  Offline OP
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Joined: Oct 2009
Posts: 7,249
western mn
Originally Posted by Catch22
Good grief BNB, it's HIS choice. If you are a friend, you'll respect that. Knowing your dying ain't easy, bringing things up is ok but you need to let him go out the way he wants. That's what friends do.

I know it's his choice and I'm trying to keep my mouth shut but it's HARD!!!
There's more to it than what I've mentioned but I'll say his son has treated him WAY worse than I've said so far!.
I seldom dive into anyone's $/ personal life as it's non of my business but this one is tough.!


swampgas chili and schmidt beer makes for a deadly combo

You have to remember that 1 out of 3 Democratic Voters is just as dumb as the other two.
Re: For the love of $ ( inheritance) [Re: bucksnbears] #6628889
09/29/19 10:53 PM
09/29/19 10:53 PM
Joined: Dec 2013
Posts: 9,294
Northern MN
O
Osky Offline
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Osky  Offline
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Joined: Dec 2013
Posts: 9,294
Northern MN
Why does someone feel that way when it’s family?
Because in the end we only have authority and impression over family. We always wonder if we had been there a bit more often, stayed a bit longer, been a bit more involved... in other words taken just a bit more responsibility things could very well have been different. It’s difficult to hold someone to your standards if you were not involved enough to instill those standards.
There is generally a feeling of giving when in the reality of leaving this world, versus an expectation of perfection in the loved ones we leave behind.
I guess we’ll all know it one way or another ourselves soon enough.

Osky


"A womans heart is the hardest rock the Almighty has put on this earth, and I can find no sign on it"

Jabless in Minnesota

www.SureDockusa.com
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