Seeking Help - Will, Trust, etc. for Parent with rental property

2021.12.01 18:58 Teddy_HouseKeeper Seeking Help - Will, Trust, etc. for Parent with rental property

First post on Reddit, I hope I am explaining the situation well.
My dad (70) has a property that he bought as a 1031 exchange, meaning he purchased the property using funds from the sale of an investment property. The property is a single townhouse used for rental purposes. There is no mortgage and if he were to sell while he is alive he would face a large tax penalty, I believe capital gains.
He is married and I have two siblings but I solely manage the rental and assist my parents with other aspects of living. My dad is old school and wants the property to continue, after his passing, for rental income so the funds can be used for my niece’s education. The property should not pass to my siblings, one is financially well off and the other one (with the niece) is not responsible and there is family drama there. My dad even offered it to that sibling – my brother- , even though that sibling went no contact for a year, and my brother said he would not sign his name on the property. That was a big slap in the face to me. To be rational about it, I think it would be better to sell after he passes considering the time and liability of a rental property (it makes about $600 a month) and the possibility of higher returns in other investments.
That said I am trying to determine the best way to set up a will or estate so the property passes to me and to minimize taxes. My dad has been “talking” about getting this done for 10 years now but hasn’t and I worry with no plan it will be a mess. Even if no will is written and it passes to my mom it would be a messy because she doesn’t know what she’s doing. Making assumptions on age and gender but she would probably still be alive after my dad; I would honor the request for the funds from the townhouse property for my niece’s education and to help my mom in retirement.
Any suggestions on where to turn for this? I should also include their health care directives in this process too…. I’m not certain a standard will be sufficient and would like to run the scenarios with a resource. Thank you to anyone who has the time for input.
I am in Minnesota.
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2021.12.01 18:58 Texas1010 [US-NH][H] Mr. Suit Red WK [W] PayPal

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2021.12.01 18:58 DiosMioMan63 Man fails spectacularly at chopping coconuts with his hands while on live TV

Man fails spectacularly at chopping coconuts with his hands while on live TV submitted by DiosMioMan63 to IdiotsFightingThings [link] [comments]


2021.12.01 18:58 Elite_Senzi At least amerikkka has there free dumb

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2021.12.01 18:58 NEHOG Pausing on cell data?

If wrong sub, mods, please remove.
Ok when using cell data I can only watch youtube videos for a few seconds. Then the video goes into pause mode (not just pauses, but acts if i pressed 'pause') and I have to press play again.
This happens both with the app and when run in a browser window. I'm using Visible (Verizon) and have good data rates. It always happens, not specific to a tower or location either.
It will do this over and over--play for a few second, then enters pause mode. Note that my data rates are high (so no slow data problem) and I've found no settings in either the app or the browser to explain this happening.
Impossible to Google this problem because all returns are "hey your data rate is too slow..." and I can' t specify that it is going to pause mode not just pausing and restarting...
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2021.12.01 18:58 TerryMwyyell44 11th Birthday Pirate Shark !

11th Birthday Pirate Shark ! submitted by TerryMwyyell44 to sharks [link] [comments]


2021.12.01 18:58 Ifr33zealot TikTok Rewards - 500 points with referral code towards $5+ gift cards - AF936219 1. Download TikTok. 2. Find the TikTok Rewards page (star on the upr left in your profile) or search #rewards on TikTok, enter the referral code AF936219.

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2021.12.01 18:58 BurningChampagne Can someone help me please?, I'm supposed to find the goat ham.

Can someone help me please?, I'm supposed to find the goat ham. submitted by BurningChampagne to h3h3productions [link] [comments]


2021.12.01 18:58 commun_sense Braids and cultural appropriation

Is it considered cultural appropriation if you take a haircut fully existing of braids? I don't want to offend people but I would love to have this haircut during the summer.
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2021.12.01 18:58 YiarrCliuv 🌟Talent Show Token🌟 | Big Partnerships Coming Up | Fair Launching | Friday Night Talent Shows 🎤 | Join Us Now.

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2021.12.01 18:58 Reasonable-Plan4470 Low code vs. SQL: What transforms data faster?

Two data engineers are racing to get the same data model done before the end of the day: one using low code the other building it in SQL. Guess who makes it to happy hour? 😂https://youtu.be/UcXS54ZE2co
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2021.12.01 18:58 ZoolShop HMD Global: Nokia 9 PureView gets no Android 11 upgrade, blames camera

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2021.12.01 18:58 mramsey1995 Anyone have any info on this? (Value, quality, etc.)

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2021.12.01 18:58 CrooklynKnight Divorced Redditors: what did you do with the ring?

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2021.12.01 18:58 FroggyGamer I just realized I pulled a stupid lmao

I didn't realize that boss souls could be used to upgrade and craft new weapons I thought the only use was to consume them for their souls so basically I've already killed every boss in world 1, and 2. I'm currently on 3-3, 4-2, and 5-2 in all the other worlds should I start over or can I get all of the boss weapons in ng+?
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2021.12.01 18:58 APOMARMASTER Whats the best way to pick up random girls (and where)if u are 17 years old?

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2021.12.01 18:58 Dazzling-Let1517 How to start as a paid music producer

So I've decided to be a music producer for other artists to support myself as an artist. I know there are a lot of successful producers in this group so I was wondering if you could offer your advice on:
how to start? pro tips? where to advertise (I'm in London)? what do you say in your advertisement? what to charge at first and later on? how to build and charge more? do you charge per job or as part of royalties?
Thanks so much in advance.
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2021.12.01 18:58 no_longer_LW_2020 Blue Öyster Cult - Shooting Shark

Blue Öyster Cult - Shooting Shark submitted by no_longer_LW_2020 to ClassicRock [link] [comments]


2021.12.01 18:58 miobrien My Splinterlands thread got locked on another forum and then tweeted about

I posted about Splinterlands on ResetEra. To put it mildly, the thread was very poorly received.
https://www.resetera.com/threads/splinterlands-blockchain-collectable-card-game.522111/#post-77966103
And then Jason Schreier tweeted about it: https://twitter.com/jasonschreiestatus/1466143710371012621?s=20
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2021.12.01 18:58 Drfakenews Cumming Meme

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2021.12.01 18:58 jdrukis Hedgie likely tries to make After-Hours/Pre-Market look stabilized and consolidated to push the narrative that it's retail messing with things during the regular hours (when most of us can only trade).

Hedgie likely tries to make After-Hours/Pre-Market look stabilized and consolidated to push the narrative that it's retail messing with things during the regular hours (when most of us can only trade). submitted by jdrukis to amcstock [link] [comments]


2021.12.01 18:58 LeekSquare9532 Choosing between my husband and my mom?

Hey all. In a bit of a pickle right now.
I currently live with my husband, no kids and have been married for 4 years and cohabitating for 6. We rent a house with multiple extra bedrooms. My mom recently lost her husband, over this past weekend and she's making preparations to move in with us. My husband just told me today that he feels uncomfortable about the situation, to the point that he just doesn't want her to move in.
I'm shocked, to say the least. I've always made it a known fact that she would have to come live with us eventually, and she even has lived with us for about a month once before when she had a falling out with her husband. I'm an only child and my mom has always made bad financial decisions so she's nowhere near ready to retire and still has probably another 10 years until then. She's healthy, she works, she cleans and she'll also pay us 800 a month which would help us out a lot but she would not be able to afford living on her own.
He's saying it's all too sudden but my step dad struggled for over a month before he passed and I made it know that this would happen if he died and my husband has agreed every step of the way until now.
I'm just at a loss and torn. I don't know what to do. I love him with all my heart but I've put up with a lot from him and I'm hurt that he doesn't want to do this for me and is waiting until now to tell me. I don't want to choose between them either. She's my mom, my best friend and is experiencing the worst time of her life with nowhere else to go. I kind of feel like I have to side with her...but at what cost to my marriage?
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2021.12.01 18:58 Cutie__636 Weight loss frustration

I don’t know if I’m asking advice or just venting, but I have been so frustrated with my weight lately. I’m post-RAI, so I’m now hypothyroid and on levothyroxine (have been since September). I was hopeful that after I was on hypo medicine, I’d be able to lose weight but it’s feeling nearly impossible. I’m 5’7, 200 pounds. I workout usually 7 days a week, lifting weights and doing an hour of incline walking. I try to get 80-100 grams of protein a day and generally watch what I eat (I’m in recovery from an eating disorder so I don’t weigh my food/track my calories, but honestly am so fed up I’m about to start doing so). I’ve been eating mostly gluten free and limiting my alcohol, but I can’t seem to lose any significant weight. Has anyone else had a similar experience?
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2021.12.01 18:58 futurehistorianjames Island Economics Scenario and the Case for Open Borders

Earlier today I mentioned my support for open borders and also I would like to add that we should make incredibly easy to become a U.S. citizen. I would further explain this with my view that immigrants would boost and stimulate the economy and grow it. Since I don't believe that economics is some fight for finite resources between rival tribes, but an effort to find the best means to utilize our resources to ensure optimal efficiency.
Four people are on a deserted island: Jack, Sarah, Carl, Deanna.
The four of them have no way of getting off the island but have discovered that it does have resources that can help them survive. Jack goes off and gathers fish, Sarah decides to build huts, Carl wants to gather fruits and nuts, Deanna creates tools to help all of them. At the end of the day, the group gathers with their resources and begin to exchange. What is the best way to utilize these resources?
Perhaps they can distribute the resources evenly? well, Jack has 8 fish and Sarah has 4 bananas. So does everyone get 2 fish and 1 banana? Also what of the huts Carl has made? Should he make four individual huts (is that a good use of wood)? Should he make one hut since they all know each other, one hut for men and one for woman? Should all the huts be the same or should Carl make Jack's hut nicer in the hope of getting an extra fish? What of Deanna, she is the one making tools what is her priority fish, shelter, or banana? She is in theory the one who basically has the most power in this group because she creates the tools that the other three need to do their jobs? Why can't each of them just do everything on their own? Well, imagine taking the time to build a hut, scavenge fruit, make tools and catch a fish. It would require an insane amount of energy and that makes no sense. What if everyone worked on the huts together? That is true but does everyone know how to make a hut? Is Carl an adequate enough teacher to educate his peers? Is he even capable of building a hut or was he just assigned to the job because he could not fish or make tools?
The idea of this scenario is that what the four people are doing is economics, they are attempting to determine the best use of their skills and resources, the value of the goods they have made/gathered and are attempting has this out. This is how markets work as people gather to determine the value of their goods and services in the global economy.
Now let me make this scenario a little different. It has been two weeks and four more people join them on the island. Caleb, Shaniqua, Solomon, Issac.
Caleb is an EMT and did some med school so he is right away able to become the island's doctor. He is very useful in this regard so does it make sense for him to go off and hunt and fish with Jack, possibly risking his life? Is his Shaniqua joins Sarah as a scavenger and the two together are able to gather more fruit and even some that a single person could not on their own get before. Solomon was a Math teacher but has no discernible skills needed on the isaland, but Deanna allows him to work with her. Solomon notes that Deanna's tool making abilities and her eagerness to repair tools for the others means she is more well regarded and gets an extra fish from Jack. He also admires her, but feels he could do things differently so after training with her for a while he decides to also make tools.
Issac meanwhile has no immediate skills, he helps Jack and Issac with fishing and hut repaibuilding, but does not really shine in these areas. Where he has shown his skill though is as a mediator. The people fight on the island and he is usually able to defuse the situation, while his skill here may not be as "obviously" practical, it shows that he is providing the service of counseling to the island. Stepping in to ensure the islanders make good decision.
A week later, another person comes to the island, Matthew. Matthew joins Sarah and Shaniqua with foraging for fruit and veggies but decides he is not needed, but he continues to forage for resources like wood and stones to help Issac, Solomon and Deanna. This mean that he has become a provider of raw materials, for the group and has also made Issac's life easier so that he can focus more on hut building and repair. Deanna now can work on her tools and try make them better than Solomon's and vice versa
The point of this scenario is that economics is more about utilization than scarcity, the islanders agree they each have skills and should focus on it, though they could have all worked together to get some of the jobs done (like building the huts), but they felt that Issac should be put in charge of that. Furthermore, everyone's work becomes easier and new potential businesses (Solomon's tools and Caleb's practice) due to an influx of people. Was there skepticism about letting more people in? Yes definitely, but the long run showed the island was improved by each new group. Furthermore, not everyone had immediate or desirable skills for the island but showed they could function within it.
The case for an open border policy or and pro immigrant policy is that each group whether they show immediate potential or not will ultimately improve the economy of the United States. More people will mean more workers, and more workers means the market will grow. Competition will mean an eagerness for improvement and a variety for consumers. Plus a larger tax pool to which we can harvest from. New skills, markets, and variety.
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2021.12.01 18:58 Ceri_MS_1796 After all, I think we misjudged eFootball 2022

After all, I think we misjudged eFootball 2022 submitted by Ceri_MS_1796 to gaming [link] [comments]


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