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Strouty

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Joined
Mar 21, 2010
Messages
38,218
Location
Southern Maine
Dad is mad that I don't want to just move into the house and shop on the Hill, he thinks it is because I don't trust him, frankly I don't, I told him it was because I don't trust his wife. I met with the company attorney to discuss a few things, one thing he had not anticipated was the "interim" as he put it, basically if Dad is declared incompetent and his wife become power of attorney, the time before he passes away. Honestly, I am pretty sure he will be declared incompetent long before he dies.

Dad keeps telling me to write up an agreement for the house, yet he keeps changing the price, keeps adjusting timelines, and generally making me nervous. The land cannot be sold without a huge tax consequence, unless it is sold to a "non related" party, then he can sell it for far less than market value and the IRS can't say boo. Basically it makes more sense for me to rent it from him, then in the will he would leave it to me. Based on his parents age at death 99 and 100, he probably has another 30 years left in him. Essentially this would be setup like a mortgage that would be forgiven at death, but it has to show rent instead with an option to purchase based on unknown things. He and his wife are meeting on Monday with the attorneys and the accountant to try and get the will finalized, I doubt it will happen, but the attorneys are essentially saying it is ready to sign with minor detail tweaks so that there would be something moving forward. Once they have this figured out, they will have a family meeting to discuss it, can't wait for that, should be awesome. :(

So to answer your question, between the snow, the family ****, the business ****, and lack of daylight, I am probably as bad as I have ever been, at least this early into the dark season. I wanted to spend time at the office, but I almost can't bring myself to go there, I dragged home paperwork to do, but then realized I was missing an important part and would have to go to the office, now here I am today wanting to plow out the SG and do some work on my plow so I don't have to borrow one and it looks like I am going to end up in the office this weekend. I honestly think things are going to get much worse and Dad will try and make my life a living hell if I don't do what he thinks is right. I had anticipated all the house/shop stuff happening in the spring and this shortened timeframe has left me in the lurch, pretty sure that was exactly what the employee had figured, people say I am paranoid, but this guy is a master of screwing you over without actually looking like he did anything.
 

xtremek

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Joined
Apr 13, 2012
Messages
11,603
Location
St. Johns, Mi
Left or right foot, which do you want me to shoot you in? Sorry things are so rough. My wife is in a family mess (brother is basically squatting in the family home and trashing it as he goes), so I kind of understand. You have my sympathy.
 

86turbodsl

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Joined
Jul 1, 2005
Messages
6,558
Location
Michigan
Geez Strouty. My heart goes out to you. If there's anything i can do, let me know.

Hope your day goes better. One day at a time man.
 
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Strouty

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Mar 21, 2010
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38,218
Location
Southern Maine
Thanks guys, right now things feel so hopeless, I have been doing almost nothing. I want to just live at my shop and ignore everything, but my GF would be pissed. On top of all this, most of my income is from deals that are verbal, Dad acts like I am being ridiculous to want things in writing, he also thinks none of us deserves an “inheritance”, I keep telling him I don’t want an inheritance, I want to have a job I love (which I usually do) and keep his company alive as long as possible, I don’t think that is unreasonable. The alternative is for me to go my own way again and I am fine with that, but without having things in writing, he would most likely act like there is nothing, so I would risk losing everything I have worked so hard to get. That scares me a lot.
 

Orionrising

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Joined
Nov 16, 2012
Messages
960
Location
Western Maine
Careful with wills as they can be changed later, and only apply if the asserts are still owned at death. A trust with a third party trustee, would be much more set in stone for all involved.

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jakemac

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May 21, 2013
Messages
9,035
Location
New England
Also, an estate attorney who knows what their doing may be able to minimize the tax burden on the estate, as well as the beneficiaries (including his wife).

That may also include a percentage sale of the house, with you as a minority, or equal owner, with full ownership upon your father’s passing. It’s called “Rights of Survivorship”.

I just did this with the camp that my grandmother, and now I, own. 50-50. It took the property out of the estate trust, so no probate.


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Strouty

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Mar 21, 2010
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Southern Maine
There will be a trust, but that doesn’t come into play until he is dead, the incompetence is where I am concerned, the wife has control at that point.

We would be creating a rental option to purchase that would not be revocable, Dad and his wife would both sign it.

Almost done shoveling snow.

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Strouty

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Mar 21, 2010
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38,218
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Southern Maine
On a semi good note, towing company dropped bill to $850 for the FL106, closer to what I had hoped it would be. Rams for the Mitsu are done, will be a bit over $1600, but they should last another 25 years.
 

LaneRover

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Jan 19, 2014
Messages
301
Location
Maine
I just did this with the camp that my grandmother, and now I, own. 50-50. It took the property out of the estate trust, so no probate.


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Just don't do this with an asset that you may want to sell. When you are partial owner I believe your 'basis' is the original purchase price. When you inherit something you inherit it at the current day value - those its a current day basis. That can make a big difference if capital gains needs to be paid.
 
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Strouty

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Mar 21, 2010
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Southern Maine
The “basis” is exactly why I can’t buy it, his depreciation makes the basis $0, then with me being a related party, market value is probably $700k and that would mean he would pay about 40% tax on all $700k, even if he sold it to me for $400k. If I rent it, then inherited the property, no tax burden for the estate and my basis would be current market value. So in essence we need to come up with a way to have it rented, then have it turn into a “loan” at the time of his death, I hate having to talk all this death, but I feel it is better to talk to him now than through a probate judge later.
 

harley jim

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Joined
Dec 6, 2013
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11,421
Location
Cleveland Tn..........out in the sticks
It is best to sort it all out now and sign off on it. Me and my brother did this with our mom a couple years ago and when mom passed my brothers wife tried to throw a wrench in the plan but it was written and it stood legally. She hasn't spoke to me since. It was 50/50 with my brother and me thats all that mattered to me was him she wont talk and I'm a happy guy.

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mybigwarwagon

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Joined
Nov 4, 2009
Messages
4,428
Location
Vale, Nc
And this is why my wife and I live 500 miles away from either set of parents. My mom asked me what i wanted in the will and I told her one of my dads guns, one of his watches, and nothing else. She still hounds me about it. It drives me up a wall. My sisters are wanting everything. I told them they could have it.
 
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Strouty

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Mar 21, 2010
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38,218
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Southern Maine
You guys will be happy to know I just remotely turned up my thermostat at the SG, should be there before lunch.

Have to decide what I am doing, my friend says he will come over next week to fix the frame, so if I can get my act together, I can use the maroon burb as my daily driver and the plow. Then I can start working on the OGMC to get it inspected for January.
 
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Strouty

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Mar 21, 2010
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38,218
Location
Southern Maine
Got to finally look at the exhaust on the old plow truck, just as I thought, crossover pipe was rotted off at the flange, other side came off in my hands too. Now there is no crossover pipe at all. I am thinking about making an adapter flange to do a half assed repair, it seems like a waste of time to do a real repair to a truck that will NEVER be on the road again. I think I can make it happen with in stock steel and a bit of fab work. I couldn't find any that were identical from the auto parts stores, this should be repaired enough to get me through the winter or until the other truck is ready to plow. On the other hand, if I pull the exhaust manifolds off and do it right, the engine was always going to live on and this would be work I needed to do anyways, so this is today's dilemma, not much different than every other day for me. :(


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Strouty

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38,218
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Southern Maine

bimmer1980

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Feb 5, 2009
Messages
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Location
York, PA
Seems to be a good plan... Sometimes "good enough" is good enough.....

When my brother and I were teenagers and working on a construction project for a guy, his nephew was helping out... His name was Dave... Dave would say after every little item was done..."good enough...".

That has since been our inside chuckle when I'm working on a project with my brother..... Good enough says Dave!! Ha ha.... As we proceed to Overkill it with fine details...
 
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Strouty

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Mar 21, 2010
Messages
38,218
Location
Southern Maine
Well my good enough plan is not going to work, need to either come up with another good enough, fix it right, or say efff it and start tearing the truck apart. I am almost inclined to say efff it at this point. It has sucked another four hours of my life away and I am in no better (maybe worse) position than I was yesterday. The driver side manifold will be relatively painless, but the passenger side is where the turbo is, I know the entire turbo will need to be removed, no question about that, then you heat everything up and get it separated, then put new gaskets and get it back together, that sounds way easier than it is. ;)

I think it is time to just start taking things apart. A bunch of the parts from the burb I am working on now will be used on the OGMC since it has the same exterior and interior colors. The rear end is a posi that has the same ratio as the maroon burb (which is an open diff), so that is supposed to be swapped in for the extra traction. The rear end swap just needs new u-bolts and most likely the rear brake line and e-brake cable, I can live without the e-brake cable so I won't order it until I know I need it.

I drew out a map on how to proceed, but I am still confusing myself, I have too many of these damn diesel burbs and I have rust inside my shirt heading for my underwear. :(
 
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Strouty

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Mar 21, 2010
Messages
38,218
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Southern Maine
I don't think I am cut out for this stuff, seems like I am having some sort of mental melt down, seems dumb, but damn, I just haven't been able to proceed with much of anything in the last few months. I know that I cleaned up the shop, never finished it, so maybe I just need to do that and get enough room for two burbs inside. I am trying to do too many things at once and everything is trying to take priority. Clearly a snow plow is a priority to me, enough to waste the entire afternoon and not get any closer to the goal. Maybe I need to wipe the list clean and just start with one priority thing, work on it until it is finished, not touching any other projects until it is done. I have spent close to a grand in the last week on pieces and parts for four different projects, then I get the call that the rams are done for the Mitsu and my budget is blown up, also makes me feel like I have to get the Mitsu done too. OK, someone offered to shoot me in the foot, just do both, then I won't be able to walk, should make decisions easier.
 
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PelicanPines

ALLIANCE MEMBER
Joined
Apr 30, 2014
Messages
38,121
Location
New Jersey, USA, Earth, My own reality
I read your family saga and feel like i'm reading an auto biography on our family life 20-30 years ago. Your advantage is you see it coming... we didn't. Everything was a suspicion and eventual hindsight after the disaster.

Stay smart... you have this.

I was far too busy within my personal business during my "adventure".

Just remember... Karma is a thing... if things go real bad... we call it busma or trainma… for you... it would be TRUCKma … omg I made myself laugh.

I stayed sane, so there is hope for you.
 
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Strouty

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Joined
Mar 21, 2010
Messages
38,218
Location
Southern Maine
I am willing to bet that all that family stuff is why I am "stuck" and can't seem to get anything done. I have had plenty of issues over the years, this one is top of the list for sure.

Thanks Pines, I sure hope I make it out the other side.
 
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Strouty

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Mar 21, 2010
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38,218
Location
Southern Maine
Well, I decided to go and get a couple manifolds from out back, I have a couple new ones, the trouble is the castings don't allow you to clamp easily like if it were a flange on two pipes, so I cam up with about the dumbest thing I could think of and it will probably work. Don't judge me.

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PelicanPines

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New Jersey, USA, Earth, My own reality
It's like a time machine... My cat converter on my subu… is held in the front almost the same way. I hit something in the road and it popped the flange off clean... it was buy a lot of new things or get creative. I didn't use eyebolts but it's the same "don't judge me"
 

harley jim

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Joined
Dec 6, 2013
Messages
11,421
Location
Cleveland Tn..........out in the sticks
It's a plow truck, put the thing together and move on. You are in the same place I was last year. I had more to do than I could ever get done in my lifetime. Look back on my old posts, I sold corvettes that I really had an attachment to, got rid of other vehicles and projects that really didn't have an outcome my life. I started grabbing the first thing in my way and either finish it or **** can it, I am winning I have a lot more space in my life now. I'm Easter to get along with. Find the first thing causing your anxiety and deal with it put it to bed and grab the next one. Eat that elephant one bite at a time. Don't give up dude.

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Strouty

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Mar 21, 2010
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38,218
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Southern Maine
It worked, just as quiet as all my other diesel burbs, almost amazed. Now I need to get the 4x4 actuator to engage and we can plow, in the daylight, still need to wire up the lights. Not too big of a deal, just excited that my last seven hours wasn't totally a waste.......


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Strouty

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Plan for tomorrow is to get the 4x4 working, hook the plow up, get lights working, move the truck outside and then get prepped for the next project. I want to pull the OGMC around front again, the brake pedal was still not squishy the I parked it the other night, so I don't know if the fluid I saw was from a repair or what, I want to figure it out, if I can use it as a DD, then I am going to bring the maroon burb in and get working on that. If it is just the line that crosses the front frame, I will probably start to tackle that next. I plan to order all new stainless steel preformed lines, but I have a few more things to get paid before I can allot the funds for that. I know I have some nickel copper line, so I should be able to make one for now.
 

bimmer1980

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Feb 5, 2009
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Location
York, PA
Good enough!!! It's workable for the duty cycle... It doesn't fly or go into space..... (I just toured the space center in Huntsville this week... Talked to an old guy from Nasa that worked on the moon Rover! I recommend the couple of hours for a tour if a person is passing thru Huntsville...)

The shear fact of having it ready to work is worth a fair bit!!
 
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Strouty

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Mar 21, 2010
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38,218
Location
Southern Maine
I am going to take things to the next level, I am adding a piece of pipe to the actuator on the front differential so it will always be engaged and ready for action. No sense in changing the actuator out, it is about $80 and I won't be using this style again, all the other trucks are 1999 and they use a newer style (stepper motor versus thermal actuator), converting it would be a waste of time and money too, just want this to plow.

I ordered my stainless steel brake line kit tonight for the OGMC, I figured I better have it ordered as who knows how long it will take to get it.
 

xtremek

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Apr 13, 2012
Messages
11,603
Location
St. Johns, Mi
Do you like your elephant fried, grilled, or baked? And sorry, but I only have one bullet. But it doesn't seem like you need it now.
 

shortykorte

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Sep 1, 2014
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8,039
Location
Tallahassee, Fl
Know that’s thinking outside the box. Nice fix Strouty




Shorty Korte
Always remember quality in QST

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Strouty

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Mar 21, 2010
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38,218
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Southern Maine
Thanks guys, as bad as it looked initially it actually looked good in the end, plus I am only going to run the truck in the yard, so it may see about 3 hours of run time a week as a plow. Much better than any of the alternatives, hope I can get the 4x4 working on the cheap as well, no sense in spending any money on this pile of parts unless I absolutely have to.
 
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