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cellboy1. Saturday I got up to Roseville without a hitch in the leased big butch cargo van. I put my bear flag magnet on the back... such a queen, I know.
2. Met my sis and brother-in-law at my mom's house. Loaded the sleigh bed, mattress/box, and few other items. Then took to my sisters. They are keeping the bed frame (really nice). I am keeping the mattress/box (practically new). It's a bit firm, but now my bed will not squeak when I move, or do the *nasties* by myself, or with others. Every time one moves, or even jacks off, the box would squeak. Sometimes I thought it was "me tool" squeaking (lol & TMI). Thank God the poor lady below me is hard of hearing. Or is she? :(
3. The neighbors next to my moms house came over to ask how mom was. They are nice. And one of the husbands (Woof! Total butch bear). They once asked me, during a party that they were having, to come over and jacuzzi with them. I asked if the suits were on? They said not for long. I regret not going. I wanted to see him in the tub (TMI)
4. Of course had my tiff with mom. She does the guilt thing. I tell her what and how it is (typical Scorpio). I feel bad. She is slow, forgetful (which is not helping the situation), and of course she does not see it. I really need more patience. But today, Sunday, all was fine, and we got along great.
5. The family went over the offer of intent the the buyers presented on her home. Took awhile to explaining stuff to my mom. It's a good offer. My mom thinks the home is worth 75K or more than it really is. Of course if she does not accept the offer and is waiting for the market to rebound, she may really not net more later. The property needs a new fence, driveway may have to be replaced in time, and then the normal wear and tear if she rents it out in the meantime. She may get more later, but the next buyer may demand more repairs etc. This current buyer is buying it "as is". Mom can take the money and run. She is to go over the paperwork, and talk with her financial adviser etc... Plus she need the $$$ or we will have to refi for extra income etc
6. That night I found out (from my sister, who is in contact with her) that my Moms sister, who is worth $$$$, set up a Blind Trust with her kids. She gifts 10K yearly to her kids. So in time, the kids will have the bulk of the inheritance, tax free on both ends. The kids then invest that money to hold for their mom should she need it. It also looks, on the books, that she has less than she really has. That way she can qualify for things she could of not of done before. Interesting.
6. My sister knows of a friends mom who did that. On paper it looks like she has only enough income to qualify of low income housing (the housing is actually very nice in spite of the term); And in turn maybe even Medical... in case one gets seriously ill. That way her assets are not drained. My mom is not wealthy by no means. Basically middle class. But with the sale of the home, we need to figure how to make her little nest egg work best for her, to carry her to the end.
7. Is this using the system, the tax system loopholes fairly? Not sure. But I suppose if this exists, why not?
8. My sister (Miss Republican) says this opportunity is to expire soon, and will definitely disappear once if the Democrats get in. Not sure about that.
9. So tonight I am a bit melancholy (maybe depressed). Even though my mom's home is close to selling, it is in a sense my home too. For over 20 yrs I have been going to visit, had a room, my room to sleep. So it is somewhat emotional for me (and Mom). It is also a reality check that again this change in my moms life will probably be the last. A reality check that life is not forever :(
2. Met my sis and brother-in-law at my mom's house. Loaded the sleigh bed, mattress/box, and few other items. Then took to my sisters. They are keeping the bed frame (really nice). I am keeping the mattress/box (practically new). It's a bit firm, but now my bed will not squeak when I move, or do the *nasties* by myself, or with others. Every time one moves, or even jacks off, the box would squeak. Sometimes I thought it was "me tool" squeaking (lol & TMI). Thank God the poor lady below me is hard of hearing. Or is she? :(
3. The neighbors next to my moms house came over to ask how mom was. They are nice. And one of the husbands (Woof! Total butch bear). They once asked me, during a party that they were having, to come over and jacuzzi with them. I asked if the suits were on? They said not for long. I regret not going. I wanted to see him in the tub (TMI)
4. Of course had my tiff with mom. She does the guilt thing. I tell her what and how it is (typical Scorpio). I feel bad. She is slow, forgetful (which is not helping the situation), and of course she does not see it. I really need more patience. But today, Sunday, all was fine, and we got along great.
5. The family went over the offer of intent the the buyers presented on her home. Took awhile to explaining stuff to my mom. It's a good offer. My mom thinks the home is worth 75K or more than it really is. Of course if she does not accept the offer and is waiting for the market to rebound, she may really not net more later. The property needs a new fence, driveway may have to be replaced in time, and then the normal wear and tear if she rents it out in the meantime. She may get more later, but the next buyer may demand more repairs etc. This current buyer is buying it "as is". Mom can take the money and run. She is to go over the paperwork, and talk with her financial adviser etc... Plus she need the $$$ or we will have to refi for extra income etc
6. That night I found out (from my sister, who is in contact with her) that my Moms sister, who is worth $$$$, set up a Blind Trust with her kids. She gifts 10K yearly to her kids. So in time, the kids will have the bulk of the inheritance, tax free on both ends. The kids then invest that money to hold for their mom should she need it. It also looks, on the books, that she has less than she really has. That way she can qualify for things she could of not of done before. Interesting.
6. My sister knows of a friends mom who did that. On paper it looks like she has only enough income to qualify of low income housing (the housing is actually very nice in spite of the term); And in turn maybe even Medical... in case one gets seriously ill. That way her assets are not drained. My mom is not wealthy by no means. Basically middle class. But with the sale of the home, we need to figure how to make her little nest egg work best for her, to carry her to the end.
7. Is this using the system, the tax system loopholes fairly? Not sure. But I suppose if this exists, why not?
8. My sister (Miss Republican) says this opportunity is to expire soon, and will definitely disappear once if the Democrats get in. Not sure about that.
9. So tonight I am a bit melancholy (maybe depressed). Even though my mom's home is close to selling, it is in a sense my home too. For over 20 yrs I have been going to visit, had a room, my room to sleep. So it is somewhat emotional for me (and Mom). It is also a reality check that again this change in my moms life will probably be the last. A reality check that life is not forever :(
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Rick
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