Speaker 1: Y'all ripped up.
Speaker 2: News, need advice?
Speaker 1: Who you don't have?
Speaker 3: Run in just as fast as we can. Shooter's gonna
Speaker 3: help coming man.
Speaker 1: This is the Troubleshooter Show.
Speaker 4: No Tom Martino, Hello Tom Martino. Here, let's get the
Speaker 4: show on the road. We got a lot to talk
Speaker 4: about today. Three oh three seven one three talk. Is
Speaker 4: that studio line We use that when we're on the
Speaker 4: air three oh three.
Speaker 1: Seven one three talk seven one three eight two five five.
Speaker 4: But the more important number for those streaming you can
Speaker 4: see it on the screen, or if you're streaming later,
Speaker 4: you can get that three oh three Martino. It's very
Speaker 4: easy to remember. Three oh three six two seven eight
Speaker 4: four sixty six. The benefit of that line is we
Speaker 4: listen to each and every call, and if you leave
Speaker 4: a number, we'll get back to you and we'll get
Speaker 4: you on the show, so you don't even have to wait.
Speaker 4: So that's the guaranteed spot on the show. Three oh
Speaker 4: three Martino, three oh three six two seven eight four
Speaker 4: sixty six. I'll bring in the studio right now.
Speaker 1: I have.
Speaker 5: Major Mark Major at the helm there, and then we
Speaker 5: have a deputy doc screen left if you're watching, and
Speaker 5: then we have Joseph Keano, certified financial planner, here to
Speaker 5: talk about his upcoming movie event, which is really an
Speaker 5: educational event about retirement and again, whatever you want.
Speaker 1: To talk about talk about.
Speaker 4: But we will be getting text messages as always and
Speaker 4: emails and talk about anything near and dear to your
Speaker 4: heart in pocketbook. Now, Walt had called earlier when I
Speaker 4: was doing the show, and he talked about a road
Speaker 4: and he said he inherited the road. And the way
Speaker 4: the call went.
Speaker 1: Was like this.
Speaker 4: He said that in nineteen sixty the HOA was formed
Speaker 4: and every property has an easement. Now he I had
Speaker 4: notes on this, but I guess there's somebody who wrote
Speaker 4: him there. But in essence, he said he inherited the road.
Speaker 4: Now I believe this is the guy I talked to. This,
Speaker 4: I don't someone else, actually, I don't think.
Speaker 6: So this is from yesterday, Tom Okay, So this so okay,
Speaker 6: So I'm mistaken.
Speaker 1: We have you might not in nineteen sixty as well.
Speaker 1: So no, it really let's talk to him. Just let's
Speaker 1: talk to Walt.
Speaker 4: Hey, Walt, Yes, let's just let's just summarize this really simply. Yeah,
Speaker 4: you have a are you in the subdivision that the hoa,
Speaker 4: we're talking about are you in that subdivision?
Speaker 7: I am okay?
Speaker 1: And when did you buy your lot?
Speaker 7: Nineteen sixty that's when.
Speaker 1: You bought your lot.
Speaker 4: Correct, Okay, you bought your lot in nineteen sixty and
Speaker 4: it was part of a subdivision.
Speaker 1: It correct, what subdivision?
Speaker 7: We're in the Woodman Valley.
Speaker 6: And you say the county, but Camp Colira, So what
Speaker 6: county is it?
Speaker 7: I'll passle.
Speaker 4: Okay, so it's Woodman Valley subdivision and I'll PASSO County.
Speaker 1: And you say that you bought the lot.
Speaker 4: And then what happened? You said every property had an easement?
Speaker 4: Is that for a common road?
Speaker 7: Correct, there's a road that goes through the subdivision and
Speaker 7: branches off and goes to every house. Okay.
Speaker 6: And so that's how So in other words, that's how
Speaker 6: they made up the road.
Speaker 1: They took an easement from each lot.
Speaker 4: Correct, Okay, and tell me then tell your story from
Speaker 4: there then, so you all have an easement.
Speaker 7: Yes, And then then about a year ago, two years ago,
Speaker 7: there was the guy that started the subdivision. In his will,
Speaker 7: he needed a small section of that part of the property,
Speaker 7: about a half mile of the easement of the two
Speaker 7: miles of road. He dated it to us, and we're
Speaker 7: now the owners of.
Speaker 1: A half Let me ask you this. Let me ask
Speaker 1: you this.
Speaker 6: So the road takes up a number of easements, correct,
Speaker 6: And he took a and then he arbitrarily took a
Speaker 6: couple and needed them to you.
Speaker 1: What was the purpose of that?
Speaker 7: Because he no longer lived in the development and he
Speaker 7: was the last house on the road, so he had
Speaker 7: the half mile part of it that went there, but
Speaker 7: he kept that small little section going to his house
Speaker 7: so that nobody could ever make a mistake with him
Speaker 7: and try and stop him from getting to his house.
Speaker 6: So he needed it to you.
Speaker 1: But why are you?
Speaker 6: But why why didn't he need it for example, to
Speaker 6: the HOA.
Speaker 4: Why did he pick you to deed his easement? That's
Speaker 4: what he did. He needed his easement to you.
Speaker 7: He deeded it to the association, the people that take
Speaker 7: care of the road, so we're a non okay organization.
Speaker 7: He needed it to us because we take care of
Speaker 7: the road.
Speaker 1: Got it now, I know?
Speaker 4: So, so the developer deeded his easement. But here's what
Speaker 4: I want to know. Normally those easements are already part
Speaker 4: of it. So are these easements written out so they're
Speaker 4: each homeowner still owns them.
Speaker 1: Correct.
Speaker 8: And then.
Speaker 4: And he wanted to deed his to the HOA. Why
Speaker 4: that's the part I don't understand. He could have kept
Speaker 4: it the way it was, and the person who bought
Speaker 4: that property they would have had to they would have
Speaker 4: had to honor the easement. Anyway, I don't understand the
Speaker 4: reason he deeded it to the SOA.
Speaker 7: Because he was the ownership of it and he paid
Speaker 7: the taxes. So by dating it to the association, a nonprofit,
Speaker 7: he got rid of it and doesn't have to pay.
Speaker 1: Tax okay on it, and he's still going to live there.
Speaker 7: No, he passed away and willed it to us and
Speaker 7: beated it to us.
Speaker 4: But what about his lot where the house was? Was
Speaker 4: there a house on it? Did he live there?
Speaker 7: Yes?
Speaker 9: He did?
Speaker 1: And what happened to that house?
Speaker 7: It's still there, another owner has it. And because it
Speaker 7: was sold. That's when the real estate agent told us
Speaker 7: that we owned this half mile section of property which
Speaker 7: is maybe an acre just over. And now we're ok,
Speaker 7: so why.
Speaker 4: Is this causing a problem. Let me ask you this.
Speaker 4: Right now, we have a subdivision. The subdivision owns, the
Speaker 4: subdivision runs a number of to keep the road going,
Speaker 4: and part of that is a half mile of easement
Speaker 4: from the that was needed from the developer.
Speaker 1: So where do we get into a problem.
Speaker 7: We have because we're responsible for the road. If any
Speaker 7: accident or a person gets hurt on it or anything,
Speaker 7: it comes back to the association. So now we're at.
Speaker 1: Well, that's how it is ending. That's how it is
Speaker 1: with every private road.
Speaker 4: That's how it is with every private road in every subdivision.
Speaker 4: So where's the problem.
Speaker 7: Well, we're paying four thousand dollars a year liability insurance
Speaker 7: in case something goes wrong, because the agents that were
Speaker 7: selling the houses said, we're liable for everything that's going there.
Speaker 7: So we take policy to try and protect every board member.
Speaker 1: Jamie.
Speaker 4: If the easements make up a road a private road,
Speaker 4: First of all, that was done asked backwards. I've done
Speaker 4: fourteen subdivisions, and here's what you do when you want
Speaker 4: to have.
Speaker 1: When you want to have a road, you take the
Speaker 1: property and you.
Speaker 4: Make it a common easement that everyone owns that whole thing.
Speaker 4: It's not each one owns a part of it. Okay,
Speaker 4: So that was done wrong the first time. So now
Speaker 4: you have if you do a search on the road
Speaker 4: you find probably how many different deeds, how many different easements?
Speaker 4: I mean about fourteen of them? How many how many
Speaker 4: people on this road?
Speaker 7: About fourteen or fifteen?
Speaker 4: Okay, so you have fourteen or fifteen easements that make
Speaker 4: up the subdivision main road. Some of those easements or
Speaker 4: one of them, is the half mile deeded by the developer.
Speaker 4: You guys, correct have a private road and you're all
Speaker 4: responsible for it. True, you are. So what I don't
Speaker 4: understand is what do you want.
Speaker 7: Want to get rid of this piece of property so
Speaker 7: that we don't that we're not liable for anything and
Speaker 7: the county will not.
Speaker 4: Well, it's never going to it's never going to happen.
Speaker 4: If you want to dedicate your road to the county,
Speaker 4: that is a very long and involved process.
Speaker 6: I've also done that.
Speaker 4: You have to bring it up to county standards and
Speaker 4: you have to have a dedication and they have to
Speaker 4: accept it. And if they don't want to, they don't
Speaker 4: have to. But if you're part of let's say, fourteen
Speaker 4: people in a subdivision, there's no way that you're going
Speaker 4: to escape liability for the road, not just your section,
Speaker 4: but for the whole road. Everyone in the hoa that
Speaker 4: took on the road to maintain is responsible for everything
Speaker 4: that goes on.
Speaker 1: But really and truly, the way you would.
Speaker 4: Do it is you would ensure your land and your house,
Speaker 4: and the other thirteen people would ensure their land their house.
Speaker 4: And since the easeman is part of your land and
Speaker 4: the other Eastman is part of their land, then if
Speaker 4: anything ever happened on that particular easement, that particular insurance
Speaker 4: company would fight it. So, you guys, in an effort
Speaker 4: to try to do this the right way, did everything wrong,
Speaker 4: I sugured.
Speaker 1: So, I mean, that's that's just the long and short
Speaker 1: of it.
Speaker 4: So in order to correct this, what you what you
Speaker 4: would do is have a homeowner's meeting where you all
Speaker 4: agree to deed the property to the entity Okay, h
Speaker 4: oo A LLC, whatever the name of it is, Woodman
Speaker 4: Valley LLC, Woodman Valley, HOA, You guys would all deed
Speaker 4: the property to that entity.
Speaker 1: Okay.
Speaker 4: Now that entity would then maintain and keep that road,
Speaker 4: but the liability would be limited to that entity. So
Speaker 4: if someone got hurt on any section of that road,
Speaker 4: since it's all now owned by Woodman Valley LLC, they
Speaker 4: would only they can only go after Woodman Valley LLC.
Speaker 4: They won't be able to go after Walt personally.
Speaker 1: That's the way to have this corrected. Now.
Speaker 4: Is Woodman Valley an incorporated HOA.
Speaker 7: No, we're just an association that takes care of the road.
Speaker 4: Okay, but you said a nonprofit. Who says your nonprofit?
Speaker 7: That's the way everything was set up as a nonprofit
Speaker 7: because nobody in.
Speaker 1: The you just said.
Speaker 4: You just said you're not incorporated. You just said you're
Speaker 4: not incorporated. Then you said it was set up as
Speaker 4: a nonprofit. Well, it's either one or the other. Are
Speaker 4: you set up as a legal entity? Can I look
Speaker 4: you up in the state? Can I find an LLC
Speaker 4: Woodman Valley or whatever you are? What's the name of
Speaker 4: your HOA organization?
Speaker 7: Woodman Valley Improvement Association.
Speaker 1: If I look that up, is it an LLC with
Speaker 1: a state.
Speaker 7: As a nonprofit?
Speaker 4: Yes, well, then you are an incorporation. Why did you
Speaker 4: say you're not.
Speaker 7: Because I didn't know.
Speaker 4: Well, you went to the state and formed illegal Well
Speaker 4: who is in charge there? I'm assuming it's not you?
Speaker 4: Who's in charge of this whole thing?
Speaker 7: We have four people that are board members that.
Speaker 4: Okay, do they want does everyone want to do does
Speaker 4: everyone want to do the same thing? Does everyone want
Speaker 4: to get out of personal liability?
Speaker 7: Yes?
Speaker 1: Okay, Then to do what I say.
Speaker 4: All right, you got to get you got to form
Speaker 4: this entity or make sure it's formed properly. And if
Speaker 4: it's formed properly, now all of you have to deed
Speaker 4: your property, your easements.
Speaker 1: To this entity.
Speaker 4: This entity has to be written up as the sole
Speaker 4: responsible party for maintenance of this road. If someone gets
Speaker 4: into trouble in the future, if someone crashes or rolls
Speaker 4: over and says the road was not properly maintained, they
Speaker 4: can only go after Woodman Valley Improvement Association. They can't
Speaker 4: go after the individuals. That's the reason for a limited
Speaker 4: liability company. I have to take a break. If you
Speaker 4: have any other questions, you can ask them. But that's
Speaker 4: exactly what you're supposed to do. I'm Tom Martinez. Three
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Speaker 4: three nine two zero sixteen twenty two. Hi Tom Martino,
Speaker 4: your troubleshooter three oh three seven one three talks seven
Speaker 4: one three two five hive.
Speaker 1: I want to simplify this.
Speaker 4: As a developer of many, many years, fourteen subdivisions plus
Speaker 4: commercial developments, I can tell you what it works. When
Speaker 4: you have a subdivision. You can do a county road
Speaker 4: from the beginning, dedicate it to the county, get their permission,
Speaker 4: and build it according to them. They come out and
Speaker 4: expect it.
Speaker 6: At the end.
Speaker 4: You have a subdivision bordering a county road. Or you
Speaker 4: can do a private road where the HOA takes an
Speaker 4: access easement to each property. The HOA owns it, runs it,
Speaker 4: and maintains it. Then the most the worst way to
Speaker 4: do it in the world is to take individual easements
Speaker 4: from each lot and maintain a road with everyone individually responsible.
Speaker 4: It's ridiculous. To get out of that vault. It's a
Speaker 4: very simple process. You guys get together as NHOA, make
Speaker 4: sure it's a legal HOA and that you are incorporated
Speaker 4: as an LLC.
Speaker 1: And what you do is this. You all deed your.
Speaker 4: Easements to the count to the to the LLC, to
Speaker 4: the HOA with the express understanding that the HOA was
Speaker 4: formed to take care and maintain that road.
Speaker 1: That's it. That's it.
Speaker 4: Now you have an LLC and if you have to
Speaker 4: collect dues to keep that up, you all chip in dues,
Speaker 4: you vote dues, you do everything.
Speaker 6: You would normally do with any LLC.
Speaker 4: Now, let's say someone comes in and they roll their
Speaker 4: car and they say this road was not crowned properly,
Speaker 4: or this road is dangerous.
Speaker 1: I'm going to sue, So they start suing.
Speaker 4: The only people they can sue if you did this legally,
Speaker 4: are is the is the entity that owns it, the
Speaker 4: hoa LLC. They can't go out and get Walt personally.
Speaker 4: So if your people want to know how to do it,
Speaker 4: they should talk to an attorney.
Speaker 6: I've done so many of these. It's easy. You need
Speaker 6: the easements to an LLC. The LLC has limited liability.
Speaker 6: Do you have any follow up question?
Speaker 7: So we don't have to worry about the road at
Speaker 7: all as far as what we own.
Speaker 1: Okay.
Speaker 6: If you need your easement to the LLLC, you no
Speaker 6: longer own it.
Speaker 1: The LLC owns it. Okay.
Speaker 7: Perfect. Thank you so much for clarifying everything.
Speaker 6: But get legal advice. What I'm giving you is not
Speaker 6: legal advice. It's life advice from I've done it. I've
Speaker 6: been there, and I've done it. It's not some BS advice. Okay,
Speaker 6: that's the way you do it. The HO is going
Speaker 6: to own that road.
Speaker 7: Is there an attorney that we want to go. Is
Speaker 7: there a person that actually we cannot.
Speaker 4: I don't know if Brad O'Brien might be. He's a
Speaker 4: real estate attorney, but I'm not sure. If he does
Speaker 4: subdivisions and formations of planned unit developments PUDs, I'm not sure,
Speaker 4: but I would start with O'Brien for sure. Brad O'Brien
Speaker 4: is the real estate attorney now.
Speaker 1: But what it's a very simple thing.
Speaker 4: You're looking for an entity to own the easements, own them,
Speaker 4: own them. You no longer own that property, it's owned.
Speaker 1: By the HOA.
Speaker 4: Then you guys come up with a due structure that works,
Speaker 4: and you come up with a leader or whatever, and
Speaker 4: you have elections on it. But just because you're part
Speaker 4: of an LLC doesn't mean they can sue you personally.
Speaker 4: They can't. Okay, so that's what you want. Thank you, wal.
Speaker 4: I hope everything goes well for you. Three oh three
Speaker 4: seven one three A two five five. We have a
Speaker 4: problem with Verizon. Go ahead, Robert, what is it?
Speaker 9: That's me two years ago?
Speaker 10: Yes, sir, in an idiot. He just landed at my doorstep.
Speaker 10: I didn't order a phone, so I okay. I took
Speaker 10: the phone called a Verizon what the heck's going on?
Speaker 10: Oh that shouldn't have went to you. That was supposed
Speaker 10: to be intercepted and kept by fed Ex. And I said, okay,
Speaker 10: what's going on. Oh there's Straweda in your account. Well
Speaker 10: nobody's notified me, so anyhow.
Speaker 4: Yeah, that's a scam. The whole the whole cell phone
Speaker 4: thing is a scam. So what happened? Then a cell
Speaker 4: phone showed up at your door, well without you ever
Speaker 4: ordering one.
Speaker 10: So I called Verizon and I said, hey, I'm doing
Speaker 10: upgrade anyhow, So it's.
Speaker 9: A better phone.
Speaker 10: Why don't we just take the mistake. I'll take the phone.
Speaker 10: I'll send this one back to you and let's call
Speaker 10: it a wash and whatever paints.
Speaker 4: But were you really dealing were you really dealing with
Speaker 4: Verizon at that point?
Speaker 10: I was dealing with Verizon most certainly was dealing with Okay.
Speaker 1: Well, okay, then I don't think it's a scam.
Speaker 4: So it showed up at your door by mistake, and
Speaker 4: you said I want to keep it anyway?
Speaker 10: Yeah, I was due my phone, was okay, do an upgrade?
Speaker 10: Spent two years? Yeah, of that time, so I got it.
Speaker 10: So then worked with Verizon to you know, get everything
Speaker 10: straightened out. And then maybe three days later, I got
Speaker 10: another phone coming to me. I was like, huh, and
Speaker 10: I got to notice from fed X that you got delivery.
Speaker 10: So I comes to my door the FedEx stribber. I said,
Speaker 10: it's not my phone, take it back.
Speaker 9: He says, how about it?
Speaker 4: Can I ask you this, Robert, Robert, can I ask
Speaker 4: you this? Yeah, when the first phone showed up and
Speaker 4: you decided to keep it, did you get it actually
Speaker 4: working under your old number?
Speaker 9: Yes? I did.
Speaker 10: I called them up, had him, swooped, sought the stem
Speaker 10: up everything.
Speaker 4: Okay, got it, And so you got that phone, that
Speaker 4: first one virtually free.
Speaker 10: No, no, I was making payments on it.
Speaker 1: Okay. Then the second show the second one showed up.
Speaker 10: Literally three days later, and I told I refused the phone.
Speaker 10: So that one goes back. About a week later, I
Speaker 10: get another phone. Then, uh, I called him again, Hey man.
Speaker 9: I got this.
Speaker 10: Well, uh, you have to type in your sight to
Speaker 10: go to type in my pin.
Speaker 9: My pen don't work. They've got my pin.
Speaker 10: So then okay, what do we got to do. Well,
Speaker 10: I can't change your pin on the phone. You're gonna
Speaker 10: have to go to the store because of the fraud. Okay,
Speaker 10: so it's I think it was one store open. I
Speaker 10: live in Oregon, so I had to drive all the
Speaker 10: way over from More. I'm way out of town into Springfield.
Speaker 10: I get to the store there, walk in and app
Speaker 10: to wait in a line, and then out says, oh,
Speaker 10: you have to go through fraud prevention.
Speaker 9: That's on not eight hundred number.
Speaker 4: Now let me ask you something. Is this with the
Speaker 4: third phone in hand? Or did you never get the
Speaker 4: third phone?
Speaker 7: I didn't take.
Speaker 9: Anything after that. I sold the fed Ex driver. I said,
Speaker 9: you see him, just send them back.
Speaker 4: Okay, I got it. I got it. So where do
Speaker 4: you stand right now? What's the problem right now?
Speaker 10: Well I had I had argued with them and argued
Speaker 10: with them, and they wouldn't take that off. Any of
Speaker 10: these phones are anything off my belt. So that's when
Speaker 10: I went down to the store and was.
Speaker 6: Wait, wait, wait, wait, So all three hold on, hold on,
Speaker 6: all three phones you're telling me are on your account.
Speaker 10: At that point, yes, And there was more. There was
Speaker 10: more than that. There was also all of a sudden,
Speaker 10: a Walmart charge off your phone account popped up to
Speaker 10: walk into Walmart, scan the thing, and it's yours.
Speaker 1: So I call it, so I'm very interested.
Speaker 4: Wait a minute, I'm very interested in this because this
Speaker 4: was targeted. Yet when you called Verizon about the first one,
Speaker 4: they acknowledged that.
Speaker 1: It was a mistake, right, yep, sure did, and.
Speaker 4: You said, well, even though it's a mistake, I want
Speaker 4: to upgrade anyway, so I'll just keep it. Then after
Speaker 4: that a second one came. Did Verizon say the second one.
Speaker 6: Was a mistake.
Speaker 10: Yes, they told me it was fraud and I shouldn't
Speaker 10: have got to my doorstep.
Speaker 4: And I said, well, it's well, hold on, a mistake
Speaker 4: or fraud, there's two different things.
Speaker 1: You said.
Speaker 6: The first one was a mistake. It was the first one.
Speaker 6: Every one of them you got was fraud.
Speaker 4: But now it seems very odd to me that the
Speaker 4: first phone was delivered in a fraudulent scheme and Verizon
Speaker 4: let you keep it.
Speaker 9: Don't ask me. They did, And I've been arguing ever since.
Speaker 6: All right, what are you arguing about that? What are
Speaker 6: you arguing about?
Speaker 10: What happened? Because I keep getting these phones and keep
Speaker 10: sending them back. But when the Walmart thing came up
Speaker 10: and I had my pen, well, now I.
Speaker 9: Got big concerns.
Speaker 10: So that's when I started making more phone calls to him,
Speaker 10: and finally it was like, well, you got to go
Speaker 10: to the store.
Speaker 9: So I go down the store.
Speaker 4: How many phones at all? How many phones it all
Speaker 4: kept showing up? Are we talking about a dozen?
Speaker 10: I quit counting.
Speaker 9: I quick count there was maybe five would day three.
Speaker 9: The next.
Speaker 10: I was having fun just to gome on to look
Speaker 10: at the FedEx thing anymore, because I'd see it's coming
Speaker 10: to me.
Speaker 7: Wow.
Speaker 4: Then, so where does this stand right now? Are every
Speaker 4: one of those phones that showed up? Are they on
Speaker 4: your account?
Speaker 10: At this point, I'm not even sure what's on there anymore.
Speaker 9: It's like three.
Speaker 4: Well, no, here's what I'm asking. It's very easy, Robert.
Speaker 4: When did all this start?
Speaker 5: Was?
Speaker 9: What to two and a half years ago?
Speaker 4: Okay, here's what I'm going to ask you, because you
Speaker 4: said you don't know, yes you do.
Speaker 6: Are you paying for one phone? Are you paying for
Speaker 6: five phones?
Speaker 10: I have dropped Verizon totally and went to a different company.
Speaker 1: Okay, are you being billed by Verizon?
Speaker 9: I have a big bill by Verizon for three thousand dollars.
Speaker 1: Okay, and they're saying it's for five phones.
Speaker 10: And now Tom, I admit to owing part of that
Speaker 10: because I was paying on the phones. But I don't
Speaker 10: owe the full amount for this phone.
Speaker 1: I don't.
Speaker 10: I just don't owe these full months.
Speaker 9: And they're trying to charge me.
Speaker 4: Robert, according to your story about six or seven phones
Speaker 4: showed up at your house and you only kept one
Speaker 4: of them. What I'm asking you is, before you left Horizon,
Speaker 4: were you paying on six or seven phones or one?
Speaker 1: No?
Speaker 10: Just I was paying on a boom. I was paying
Speaker 10: on two, two, three, three with phone.
Speaker 9: Numbers?
Speaker 1: Why with my pad?
Speaker 4: Why were you paying for Why were you paying for three?
Speaker 4: Why were you paying for three phones?
Speaker 10: That was my original plan with Verizon, three phones. I
Speaker 10: had iPad and two phones.
Speaker 4: Okay, the other phones that you sent back, the other
Speaker 4: phones that you refused, Okay, where are they? Does Verizon
Speaker 4: think they're yours?
Speaker 10: No, they're at the Verizon warehouse wherever they went.
Speaker 11: They know that.
Speaker 1: Okay.
Speaker 4: Now, why are you concerned if Verizon has a bill
Speaker 4: with you and you're not with them anymore?
Speaker 1: Just ignore the bill. It was all fraudulent.
Speaker 10: They were charging me over on each bill because they
Speaker 10: were charging me for like four phones, five phones, and
Speaker 10: I didn't own that me.
Speaker 4: Yeah, but they but you never had them. What difference
Speaker 4: does it make. It's all fraudulent bill.
Speaker 9: They wouldn't take it off there they shoot.
Speaker 1: They don't have to take it off. You just don't.
Speaker 4: Just don't pay it. They'll never prove it was yours.
Speaker 4: Hold on, I got to come right back. Hang on, bro,
Speaker 4: I have to take a break. Three h three seven
Speaker 4: one three eight two five five. Go with a sure
Speaker 4: thing Denver's Best roofer Excel Roofing dot com. You don't
Speaker 4: pay a cent until you're content. Time for an insurance
Speaker 4: check up free, no obligation. In comparison, call Compass Insurance
Speaker 4: paying too much your coverage at dozens of insurance company
Speaker 4: lease find out now three all three seven seven to one.
Speaker 1: Help.
Speaker 4: You'll think you're his only customer when you choose Frank
Speaker 4: durand the real estate Man dot com to list your
Speaker 4: home with Remax Alliance three all three nine two zero
Speaker 4: sixteen twenty two. Hi, Tom Martino, your troubleshooter three all
Speaker 4: three seven one three talks seven one three eight two
Speaker 4: five y five. Now, Robert, there's something that I tell
Speaker 4: people to do when situations get so complicated they're hard
Speaker 4: to unravel. What you're saying is about two years ago,
Speaker 4: a cell phone showed up at your door without you
Speaker 4: ordering it.
Speaker 1: They said it was a mistake.
Speaker 4: You said, I'll keep it anyway, and then you used
Speaker 4: it as an upgrade. Then one phone after another, after another,
Speaker 4: after another after another showed up.
Speaker 1: Seven, six or seven phones.
Speaker 4: You got disgusted with Verizon and went to a whole
Speaker 4: different company. Did you keep any of the phones from Verizon?
Speaker 9: I kept all three.
Speaker 1: You kept three of the seven, yep, And I.
Speaker 10: Owe partial bills on those phones, and I admit that.
Speaker 1: Okay, Then what you do is this. Then you write.
Speaker 1: You write a.
Speaker 4: Letter very easily, an email or whatever you know, not
Speaker 4: a let you know what I mean. You write to
Speaker 4: them saying I acknowledge that I kept three of the phones,
Speaker 4: and I incurred this much.
Speaker 10: In billing that I already did.
Speaker 1: All right, then that's all you need to do.
Speaker 4: Then you ignore them and let me explain what I
Speaker 4: mean by that.
Speaker 10: What I've got now, Robert, it's on my credit report.
Speaker 10: And then the other thing that happened to me.
Speaker 4: Is well you can test it. You can test it
Speaker 4: on your credit report. Robert, if you listen for a second,
Speaker 4: then you can tell me what you don't want to do.
Speaker 1: But here's what people should do.
Speaker 9: Can I tell you this real quick talk?
Speaker 1: Go ahead?
Speaker 9: Okay.
Speaker 10: What I did is I refinanced through UH. I got
Speaker 10: rid of my COVID hangover included.
Speaker 11: On my dead out.
Speaker 10: So I have a check for Verizon for three thousand dollars,
Speaker 10: but I'm going to refuse. I'll eat the cost before
Speaker 10: I send that check in.
Speaker 4: Now, why do you this three thousand is what you
Speaker 4: don't think you owe?
Speaker 1: How much do you think you're around? His mortgage is
Speaker 1: what he's saying.
Speaker 10: I around fifteen half of it.
Speaker 4: Okay, But now I'm going to tell you that the
Speaker 4: strategy I tell some consumers to do when things cannot
Speaker 4: come to a head, you just do nothing.
Speaker 1: Here's what happens.
Speaker 6: It forces the other party to take action, and if
Speaker 6: you are secure in your records.
Speaker 1: And what you say, they will never prove their case.
Speaker 6: It actually benefits you if they take it to court
Speaker 6: because you actually get to tell your story.
Speaker 1: You just forget about them. But what I'm saying now.
Speaker 10: Is it's tempted to actually take them to court and
Speaker 10: myself file for us small but.
Speaker 4: You have you have nothing to take them to court.
Speaker 4: You have nothing to sue for. Yeah, okay, then why
Speaker 4: were you tempted to take them to court just.
Speaker 10: Because I give you fifteen or you know, work it down,
Speaker 10: work it through the judge.
Speaker 9: It was my opinion.
Speaker 4: Okay, Robert, you have nothing to sue for. You haven't
Speaker 4: paid him anything. You have nothing to sue for. You
Speaker 4: can't sue them just because.
Speaker 1: Robert. I'm going to say this once again.
Speaker 4: You write to them and tell them exactly what you
Speaker 4: think you owe and offer an amount in final settlement
Speaker 4: and then leave it and make them come after you.
Speaker 1: It's that easy.
Speaker 6: If you only kept three phones and you have records.
Speaker 1: Of that, that's what you pay.
Speaker 4: The rest they would have to prove they're never going
Speaker 4: to do it. As far as your credit report, you
Speaker 4: can test it. That's all I can tell you. I'm
Speaker 4: not going to keep going over and over and over
Speaker 4: and over with the same advice.
Speaker 1: Thank you.
Speaker 4: You tell me what happens. They're not gonna come after you.
Speaker 4: Chris has a quick follow up question on on something,
Speaker 4: but I'm gonna have to wait till after this.
Speaker 1: Chris, hang on, I'll come right to you.
Speaker 4: Go with a sure thing Denver's Best Roofer Excel roofing
Speaker 4: dot com. You don't pay a cent until you're content,
Speaker 4: wait time for an insurance check up free, no obligation.
Speaker 4: In comparison, call Compass insurance paying too much your coverage
Speaker 4: at dozens of insurance companies find out now three all
Speaker 4: three seven to seven to one. Help You'll think you're
Speaker 4: his only customer when you choose Frank durand the real
Speaker 4: estate Man dot com to list your home with Remax
Speaker 4: Alliance three all three nine two zero sixteen twenty two.
Speaker 4: Tom Martino, Now, Chris has a question, Chris, what's going on?
Speaker 1: Man?
Speaker 9: Yeah, yeah, Hi, good morning.
Speaker 12: I just have a follow up question on a call
Speaker 12: earlier as a recap. I had a tailor that jack
Speaker 12: knifed and lost the container I was hauling, and insurance
Speaker 12: didn't cover it. The container was.
Speaker 4: Insurance didn't Insurance didn't cover what hold on, Chris, Insurance
Speaker 4: didn't cover the container.
Speaker 12: They didn't cover the towing and storage of the container.
Speaker 1: Okay, got it.
Speaker 12: So my question is if I abandoned the container, what
Speaker 12: is the probability of the toe company coming after me?
Speaker 1: Civilly?
Speaker 4: Well, okay, was that the only thing that was towed
Speaker 4: or was everything towed?
Speaker 1: Under one bill.
Speaker 12: No, it was only the container.
Speaker 1: Well, okay, so when.
Speaker 4: You got into this accident, the container came off the trailer.
Speaker 1: Is that right?
Speaker 13: That's correct?
Speaker 1: How big is the container?
Speaker 12: It's an eight by thirteen weighs about forty.
Speaker 1: Okay?
Speaker 4: And who and did it roll off the road or
Speaker 4: was it blocking traffic?
Speaker 1: Why was it?
Speaker 4: Why was it hoisted and taken away by a tow company?
Speaker 9: Yeah it was.
Speaker 12: It was on a mountain road and was an impediment.
Speaker 4: Now, okay, who told them to take it away? Did
Speaker 4: the state police or.
Speaker 1: Did you.
Speaker 9: Did? I? The I did?
Speaker 4: Okay, Then you're responsible for that bill. If your insurance
Speaker 4: doesn't pay and you want to forfeit that trailer, I
Speaker 4: mean that container and its contents, that's really up to
Speaker 4: the towing company what they want to do. They can
Speaker 4: choose to come after you personally for just the job,
Speaker 4: or they can let it go. It would be best to.
Speaker 6: Try to negotiate, because it's just better that way.
Speaker 1: But you are responsible. We got more coming up on
Speaker 1: the Troubleshooter Show.
Speaker 4: Go with a sure Thing Denver's Best Roofer Excel roofing
Speaker 4: dot com. You don't pay a cent until you're content
Speaker 4: time for an insurance check up free, no obligation. In comparison,
Speaker 4: call Compass Insurance paying too much your coverage at dozens
Speaker 4: of insurance companies find out now three oh three seven
Speaker 4: seven to one help. You'll think you're his only customer
Speaker 4: when you choose Frank durand the real estate Man dot
Speaker 4: com to list your home with Remax Alliance three oh
Speaker 4: three nine two zero sixteen twenty two.
Speaker 2: Yeah, you need advice, so you don't have.
Speaker 3: Run as fast as we can. Shooter's gonna help. Come.
Speaker 14: This is the Troubleshooter Show. No Tom Martinez.
Speaker 4: Hey, I'm Tom Martino. Thank you for being here as we've.
Speaker 6: Been doing for forty five years.
Speaker 1: Oh my gosh in Denver alone.
Speaker 4: That's the longest running radio show with the same host
Speaker 4: currently on the air. And we are solving problems, answering questions,
Speaker 4: taking complaints.
Speaker 1: So welcome to the show. Let's talk.
Speaker 4: We have in the studio Joseph Caiano, certified financial planner,
Speaker 4: and we also have a major, Mark Major and deputy doc.
Speaker 6: And then I'm in the home studio.
Speaker 1: We're kicking butt today and every day.
Speaker 4: So Joe, I have a text free text for you
Speaker 4: and they want to know about this movie thing they
Speaker 4: went to the last one.
Speaker 6: Is it the same movie? They want to know?
Speaker 1: And it I mean, it doesn't matter if it is
Speaker 1: or isn't.
Speaker 4: But this one already saw that movie and wanted to
Speaker 4: know if this is a new one.
Speaker 15: No, it's not a new one, Tom, It's actually the
Speaker 15: same movie. We had so many requests to show again.
Speaker 4: Well, but you want new people anyway, because the ones
Speaker 4: that saw it, they took action. So if you saw
Speaker 4: the movie, it is the same movie. But I would
Speaker 4: say Joe, that new information comes out all the time,
Speaker 4: even with the same movie because you take questions and.
Speaker 15: Answers right that are absolutely right. You know, we as
Speaker 15: an educational movie. So if somebody saw the movie already,
Speaker 15: they can set up an appointment and an individual appointment
Speaker 15: with me so they can come to the office or
Speaker 15: do a zoom or do a telephone call and we
Speaker 15: can answer all their questions and we can actually talk
Speaker 15: about the main parts of the movie and how they
Speaker 15: those apply to the individual.
Speaker 4: And so the movie event we're talking about is on.
Speaker 1: Tuesday, that twenty fifth Tuesday, and it's at and the
Speaker 1: theater is what area.
Speaker 15: It's called the Highlands Ranch AMC twenty four and the
Speaker 15: movie begins at seven o'clock, but we ask people to
Speaker 15: please arrive at least thirty minutes early. We provide the
Speaker 15: sessions and they're.
Speaker 4: Going to be refreshments and everything, and refreshments and information. So, uh,
Speaker 4: just mark that on your calendars. You can call three
Speaker 4: oh three. Let's see. So what seven seven nine sixty
Speaker 4: six hundred. Is that what number you want?
Speaker 15: Yes, Dom, you know three o three seven seven nine
Speaker 15: sixty six hundred. Do you think I'll actually go to
Speaker 15: the website and sign up? It's called my Money, My
Speaker 15: moneymway dot com.
Speaker 1: All right, let's talk to Jeff.
Speaker 4: Jeff by the way, anyone can call us at three
Speaker 4: oh three, seven to one three talk. That's the studing number,
Speaker 4: and iHeart and Denver. We also have the national number
Speaker 4: we use, which is mine three oh three Martino three
Speaker 4: oh three six two seven eight four sixty six and
Speaker 4: that number comes through to us twenty four to seven,
Speaker 4: and we will put you on the show. Hey, Jeff,
Speaker 4: you want to talk about a bank issue?
Speaker 6: What's going on?
Speaker 1: Jeff?
Speaker 13: By Tom or Hey, we're just completing a trust and uh,
Speaker 13: we've got a ten ninety nine from a bank in
Speaker 13: anstest park and uh, we're going to close this check.
Speaker 1: Now, what does the Troy wait about it?
Speaker 4: Did the trust get the ten ninety nine?
Speaker 13: No, a personal ten ninety nine to my mother in law?
Speaker 4: And okay, I don't understand what the trust has to
Speaker 4: do with it. Tell the story, go ahead.
Speaker 13: They're telling that, telling us that the account was opened
Speaker 13: in a trust with her name on it, and they
Speaker 13: can't do anything with the funds or until they can
Speaker 13: see the trust.
Speaker 1: So let me get this straight. Is this your your
Speaker 1: mother in law?
Speaker 9: Right?
Speaker 1: Yes?
Speaker 13: Uh huh? And her husband is she deceived your before
Speaker 13: she is?
Speaker 1: Okay? So they're they're both they're both passed away.
Speaker 9: Yes, sir.
Speaker 4: And there's a bank account owned by the trust.
Speaker 7: Well, we didn't know that it was even there.
Speaker 13: Until we got this king ninety nine.
Speaker 9: They have been paid, I get it.
Speaker 4: A bank account. The bank account is owned by your
Speaker 4: mother in law's estate. That's what I mean, whether you
Speaker 4: knew about it or not, is that true? In fact,
Speaker 4: that the that it was owned by your mother in law's.
Speaker 1: Estate, it was okay?
Speaker 4: Was it a personal account or was it a business account?
Speaker 13: Well, on this ten ninety nine it says on the
Speaker 13: interest statement for twenty twenty four. It's a personal account
Speaker 13: and then we have the account number for it.
Speaker 4: But okay, right, But was it transferred Jeff? Was it
Speaker 4: transferred to the trust upon her death or was it
Speaker 4: put in the trust while she was alive?
Speaker 13: It was put in the trust while she was alive.
Speaker 4: Okay, Why did she do it? What does the trust
Speaker 4: say about that bank account? Because you have a trust
Speaker 4: and you were looking through it, what does it say
Speaker 4: to do with the bank accounts?
Speaker 13: Yeah, we don't have the trust. We never had the trust,
Speaker 13: and we have a family trust, so that okay.
Speaker 4: But the mother in law. Did the mother in law
Speaker 4: have her own trust?
Speaker 13: It sounds like at one time she did, but we
Speaker 13: didn't know anything about it. The trust that we have
Speaker 13: family trust with her and her rest okay, husband.
Speaker 4: And uh and and the bank the bank does not.
Speaker 4: What is the name of the trust that the bank
Speaker 4: says owns this account. Is it different than the family trust?
Speaker 6: It is?
Speaker 7: It's under her name only, Okay, her name.
Speaker 4: And they and they say to you, and they say
Speaker 4: to you, they won't give you any information on this
Speaker 4: account unless they know you're authorized by the trust.
Speaker 1: Is that right, right?
Speaker 13: And we sent them we're authorized on the family trust.
Speaker 9: We do not have this trust or.
Speaker 1: They well, they don't care about that, Jeff. They don't
Speaker 1: care about that.
Speaker 4: This trust that was formed by your mother in law
Speaker 4: for whatever reason, we don't know, has does it have
Speaker 4: more than that bank account in it?
Speaker 6: Do you know?
Speaker 1: No, that's it? And how do you know that that?
Speaker 13: I'm sorry, how.
Speaker 1: Do you know what the trust? How do you know
Speaker 1: what that trust owns?
Speaker 13: Well, it's just a personal trust. According to the bank,
Speaker 13: our trust is.
Speaker 4: And how do you know And how do you know
Speaker 4: that personal trust doesn't own a castle in Great Britain?
Speaker 13: I don't.
Speaker 6: Jeff, I'm asking this is.
Speaker 1: A real question.
Speaker 6: What you said that this account showed up.
Speaker 4: Via A ten ninety nine? You went, wait a minute,
Speaker 4: what account is this? The bank says, oh, it's owned
Speaker 4: by mom in law's trust, and you said, okay, let's.
Speaker 1: Find out about it. No, you can't not.
Speaker 4: Unless you're authorized by the trust. And you say, wait
Speaker 4: a minute, we only have the family trust. And the
Speaker 4: bank says, that's not the trust we're talking about. And
Speaker 4: then Jeff says, what trust are you talking about? And
Speaker 4: now you don't know anything about that trust? So it
Speaker 4: could have ten other bank accounts in it. You have
Speaker 4: no idea what that trust owns.
Speaker 1: Is that correct?
Speaker 13: That's correct?
Speaker 4: Okay, Well, now we got something to go on. We
Speaker 4: have a trust somewhere sitting out there, and the question
Speaker 4: is how do you find details about a trust since
Speaker 4: they're made specifically not.
Speaker 1: To be public.
Speaker 4: Okay, So we have to find out did the bank
Speaker 4: have any suggestions? And by the way, sus, what I
Speaker 4: would do, sus.
Speaker 1: Is call.
Speaker 4: I would call uh Dan mackenzie. Let's see if we
Speaker 4: can get them on. We're going to call an attorney
Speaker 4: and we want to call in a state planning attorney
Speaker 4: to see if he has any information.
Speaker 1: But did the bank tell you what they needed?
Speaker 13: Well, they told us a number of things. We've sent
Speaker 13: them the the will, the first and second causles of
Speaker 13: their will that we sent them, the family trust and yeah,
Speaker 13: certificate for Francis for the mother in law.
Speaker 4: Does it do any other relatives know anything at all
Speaker 4: about this trust?
Speaker 13: We don't know anything about it?
Speaker 6: Okay, hold on, let's try it.
Speaker 4: Okay, Okay, she obviously had a reason to form this.
Speaker 6: How much was the ten ninety nine and what was
Speaker 6: the ten ninety nine four.
Speaker 13: The ten ninety nine is for interest, and it was
Speaker 13: seven ninety five dollars. And that's the only thing that's
Speaker 13: on here other than her name.
Speaker 1: And was that for a was that for a year? Sir?
Speaker 13: Thanks for twenty twenty four?
Speaker 4: Yes, So if a bank account made seven hundred dollars
Speaker 4: in twenty twenty four, what interest rate do you think
Speaker 4: that a bank would pay?
Speaker 1: What?
Speaker 4: Two or three percent? Maybe two per percent if anything?
Speaker 4: So that's a sizeable account.
Speaker 9: Yeah.
Speaker 13: I have a list from my father in law that
Speaker 13: he wrote back in four eight of twenty eleven. It says, yeah,
Speaker 13: Colorado Bank, wats this park head thirty seven thousand, six
Speaker 13: hundred and forty seven dollars in it?
Speaker 6: And is that the one we're talking about?
Speaker 16: Yes?
Speaker 17: Huh?
Speaker 13: Is that we're guessing that?
Speaker 4: Yeah, that sounds like that sounds like a small account.
Speaker 4: That sounds like a small account. Listen, hang on all right,
Speaker 4: hang on and we'll come right back to you and more.
Speaker 1: Three oh three seven one three, talk three seven or
Speaker 1: straight two five to five. Listen.
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Speaker 1: You don't pay a cent until you're content.
Speaker 4: Time for an insurance checkup free, no obligation comparison call
Speaker 4: Compass Insurance paying too much your coverage at dozens of
Speaker 4: insurance companies find out now three oh three seven seven
Speaker 4: to one help. You'll think you're his only customer when
Speaker 4: you choose Frank Durand the real estate Man dot com
Speaker 4: to list your home with Remax Alliance three oh three
Speaker 4: nine two zero sixteen twenty two. Pay Tom Martino. You're
Speaker 4: a troubleshooter. Yeah, the camera just.
Speaker 1: Can back up for those who's watching.
Speaker 6: If you're wondering, Yeah, just came back up, all right.
Speaker 1: So listen, people.
Speaker 4: At bank account Jet, we're going to get an attorney
Speaker 4: on and we don't have to bring you back up
Speaker 4: right now. But I'm figuring that bank account's about fifty grand.
Speaker 1: That's what I'm guessing.
Speaker 4: At one point five percent would pay about seven seven
Speaker 4: hundred and fifty bucks, So it's probably more money than
Speaker 4: you think. The question is why didn't she ever mention
Speaker 4: it in anything else. We'll figure it out. Deputy Bow
Speaker 4: is in the studio. Deputy Bow welcome again, Hello, how
Speaker 4: are you going?
Speaker 7: Bro?
Speaker 4: Now, you this was a really interesting problem the sewer
Speaker 4: gas and we thought, you know what, this might have
Speaker 4: been a weird problem and maybe she was exaggerating or whatever,
Speaker 4: but she said it was so bad she could hardly
Speaker 4: stand living here.
Speaker 1: And you went over and checked it out, right.
Speaker 18: Bo, Yes, I went over Saturday. I wanted to check
Speaker 18: it out because sometimes these.
Speaker 19: Callers you never know. But she is not in this case.
Speaker 19: Peggy is not exaggerating. She was so sick.
Speaker 18: Well, she's doing chemo treatment. She's been doing chemo for
Speaker 18: about three years. And when I went into her apartment,
Speaker 18: she could barely get off the couch. And I investigated,
Speaker 18: checked out her HVAC system, the air handler. She is
Speaker 18: definitely getting a poop smell for lack of better words.
Speaker 6: And now is she tell me what? What is she?
Speaker 4: In?
Speaker 1: A condo, a town home, a house? What is it?
Speaker 19: Okay? It's called tamar And Hall.
Speaker 18: It's at the old nursing school dormitory for Children's hospital.
Speaker 18: The built it's about a four or five story building.
Speaker 18: I think there's eighty units over on nineteenth at Ogden.
Speaker 1: Is it a condo? Does she own it or rent?
Speaker 20: It?
Speaker 19: Is an apartment? It's low income house?
Speaker 1: Okay.
Speaker 18: So investigated and then I knocked on a few other
Speaker 18: apartments while I was there. I couldn't get the I
Speaker 18: couldn't smell this odor and other apartments. But Peggy's got
Speaker 18: a main tenanch duck going through her apartment, whereas the
Speaker 18: other apartments did not. And I'll tell you Tom, I
Speaker 18: can only spend about fifteen minutes in her apartment and
Speaker 18: I had to get out, that's how bad the smell is.
Speaker 19: And she is not exactly but it's only from her apartment.
Speaker 1: From what it's only in her apartment, yes.
Speaker 18: But I believe there's other people that are getting to
Speaker 18: smell because the management company has very strong air freshener
Speaker 18: sense in the hallways. So I think they're trying to
Speaker 18: mask it. So anyway, this is where it stands. I
Speaker 18: called the management company three times, I knocked on the door,
Speaker 18: sent an email, no response, so I went ahead and called.
Speaker 18: I filed a complaint with the caller out of the
Speaker 18: Department of Health, and I had good and I got
Speaker 18: hold of the an inspector. Friend at Denver Way Wastewater
Speaker 18: filed a complaint there. So the State of Colorado did
Speaker 18: go over there yesterday at eleven o'clock to conduct an investigation.
Speaker 19: And I just haven't.
Speaker 18: Heard, but I believe the odors coming from a cracked
Speaker 18: vent line or a pea trap. And also I went
Speaker 18: over across the street with my binoculars to look at
Speaker 18: the roof.
Speaker 19: There's some exhaust.
Speaker 18: Fans on this old building, and the exhaust fans may
Speaker 18: not be running, but there was no way I could.
Speaker 19: Get access to check it.
Speaker 18: But the State of Colorado is involved, and I'd sure
Speaker 18: like to have them may well.
Speaker 4: Part who went out and investigated from the State Colorado
Speaker 4: Department of Health his English Rosenberg.
Speaker 18: And then I have another person, he's actually an old
Speaker 18: friend of mine, Fred Barra, from Denver Wastewater. Since it
Speaker 18: could be a wastewater sewage issue, he went over yesterday too,
Speaker 18: So hopefully by the end of the show or later
Speaker 18: this afternoon, I'll get an update as to what they
Speaker 18: have found.
Speaker 19: But this management company needs.
Speaker 18: To get this lady relocated or find her another place,
Speaker 18: because it's unbearable.
Speaker 19: I'm going to get the bottom.
Speaker 1: Thank you BO for doing that.
Speaker 4: I mean you, you know, going the extra min like
Speaker 4: that and visiting her and then going across the street
Speaker 4: to look upon a roof. That's ingenius, because of a
Speaker 4: blocked vent on the roof can cause all kinds of trouble.
Speaker 4: But what's really queer about this one is it's only
Speaker 4: her place, which tells us it's got to be something
Speaker 4: local to her apartment.
Speaker 1: Now does she have people above and below her?
Speaker 18: She has a floor above her. I was only able
Speaker 18: to get into one apartment.
Speaker 6: So she on the ground floor? Is she on the
Speaker 6: ground floor?
Speaker 19: She's in on the fourth floor.
Speaker 1: Oh wow?
Speaker 4: And yeah, Now when you approach her apartment, when you're
Speaker 4: in the hallway, do you smell anything?
Speaker 19: Okay, this is interesting.
Speaker 18: The hallway, I can't smell anything because the management company
Speaker 18: has these air fresheners going in the hallways. But when
Speaker 18: I went into her this is what happens. This smell
Speaker 18: is really pungent when she turns her heater on or
Speaker 18: the air conditioner, so the odor is being carried through
Speaker 18: the ventilation system. Now when she has the heat off
Speaker 18: for the AC off, it's still there, but it's not
Speaker 18: as bad.
Speaker 1: Okay, by that's very weird. Thank you.
Speaker 19: We're gonna find out what the cause is.
Speaker 1: Okay, Now, Deputy Doc has an update. Thank you for it.
Speaker 1: By the way, we really appreciate that, Bow.
Speaker 6: Doc.
Speaker 1: You have an update.
Speaker 20: Remember Hetty couldn't get a phone to work because there's
Speaker 20: her wrong kind of phone it.
Speaker 1: Was, and well she thought, yeah, yeah, she had an.
Speaker 4: IP phone, right, and she was trying to plug it
Speaker 4: into a regular landline right.
Speaker 20: So I told her to just go over to microcenter
Speaker 20: and tell them what's going on. She went there, they
Speaker 20: fixed it.
Speaker 4: Now, how did she get that? How did she get
Speaker 4: that IP phone to begin with?
Speaker 20: I don't remember, Tom, I didn't I didn't ask her
Speaker 20: about how she had Originally, I just hold her to
Speaker 20: go to uh micro Center, talk to them about what's
Speaker 20: going on and see if they could help her. And
Speaker 20: they she had a new phone and everything was fixed
Speaker 20: and she's able to UH also, yeah.
Speaker 1: No fooling.
Speaker 4: So they were able to help her out to get
Speaker 4: a landline that worked.
Speaker 6: Yes, And what happened to the other one, the IP phone?
Speaker 19: I guess I don't know. I guess she sent it back.
Speaker 20: I didn't ask because I'm just happy that she had
Speaker 20: a phone to work and that she had phones.
Speaker 4: Absolutely, so absolutely that deserves a dinger.
Speaker 1: I love using my dinger.
Speaker 6: Dingers are good to have.
Speaker 20: I think Bo gets a bigger dinger than that.
Speaker 6: No, no, Bo's gonna get the dinger. But it's the
Speaker 6: it's it's the midway dinger.
Speaker 4: Okay, he's getting No, he's getting the show on the
Speaker 4: road for damn sure. He got the State Department over
Speaker 4: there of health, and that's really great.
Speaker 1: And yeah, he does deserve a bit of a dinger.
Speaker 4: And then the real dinger comes when that when when
Speaker 4: they say to the landlord, fix this. You know that's
Speaker 4: I love it. You know what, here's what I love.
Speaker 4: People have nowhere to go.
Speaker 1: They really don't.
Speaker 6: They said, what the hell am I going to do?
Speaker 6: They call us, so people spread the word that. You know,
Speaker 6: this show.
Speaker 4: Developed many many, many many years ago, is still going strong.
Speaker 4: Why because we help people three oh three seven.
Speaker 6: Five.
Speaker 20: You always talk about how much money that you saved
Speaker 20: people on your show. Yeah, but think about all the
Speaker 20: stuff we do that doesn't, you know, translate into monetary rewards,
Speaker 20: but helps people in ways like Bo, there's no you know,
Speaker 20: the one with the gas that you can't put a
Speaker 20: price on that.
Speaker 1: How much is that? That's right? That's that's right, woman, Yeah,
Speaker 1: that's right.
Speaker 4: Three oh three seven one three talk seven one three
Speaker 4: eight two five five Bo.
Speaker 1: We really appreciate it, Doc, We really appreciate it.
Speaker 4: We have more coming up, you know. It's the secret
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Speaker 1: You don't pay a cent until you're content.
Speaker 4: Time for an insurance check free, no obligation in comparison,
Speaker 4: call Compass Insurance paying too much your coverage at dozens
Speaker 4: of insurance companies find out now three oh three seven
Speaker 4: seven to one help. You'll think you're his only customer
Speaker 4: when you choose Frank durand the real estate man dot
Speaker 4: com to list your home with Remax Alliance three all
Speaker 4: three nine two zero sixteen twenty two. Hey Tom Martino
Speaker 4: here three oh three seven one three talks seven one
Speaker 4: three eight two five five. Welcome to the show, and
Speaker 4: we have Dan McKenzie with us.
Speaker 6: Now.
Speaker 4: Dan McKenzie does a state planning, which are wills and
Speaker 4: trusts facing probate, avoiding probate? Anything to do with U
Speaker 4: state planning A three three co plans. He's live and local.
Speaker 4: That number just happens to be very convenient. A three
Speaker 4: three COO plans Dan very interesting. So Jeff is handling
Speaker 4: the estate of his mother in life law and the
Speaker 4: ten ninety nine shows up for about seven hundred bucks.
Speaker 4: I'm figuring that's probably on an account at a bank
Speaker 4: of about fifty grand, maybe forty to fifty grand on
Speaker 4: what banks pay.
Speaker 1: And he calls the bank and the.
Speaker 4: Bank says, yeah, this is your mother in law's account
Speaker 4: and it's owned by her trust, and he wants to
Speaker 4: get more information, you know, to distribute it as part
Speaker 4: of her estate.
Speaker 1: And Jeff, what did they tell you?
Speaker 13: It's been going on for about a month. They told
Speaker 13: me that they can't give me any information on this
Speaker 13: and that it is a CD and a trust and
Speaker 13: I have the account number.
Speaker 9: And everything on it, and.
Speaker 13: She's they won't give me any information. They told me
Speaker 13: that I have to get a turn me opinion letter
Speaker 13: and fill out the certification of trust. Well I don't.
Speaker 1: Okay, let's stop right there.
Speaker 4: Dan McKenzie, Dan McKenzie, have you ever heard of someone
Speaker 4: dying who had a trust and it not being mentioned
Speaker 4: anywhere and they have to track it down?
Speaker 6: How do they do it?
Speaker 13: Yeah?
Speaker 21: I mean, I don't know if you've done any conversation
Speaker 21: with any other family members, try and figure.
Speaker 7: Out where it's at.
Speaker 21: But you really need that trust agreement. I mean to
Speaker 21: fill out a certification and trust. It's going to ask
Speaker 21: you when the trust is formed and who the trustee
Speaker 21: is and all that's going to be in the trust agreement.
Speaker 21: I think if worse came, the worst and like, there's
Speaker 21: really nobody who knows or has this trust agreement. You
Speaker 21: probably have to petition at court to essentially create a
Speaker 21: trust to you know, beneficiaries, probably the beneficiaries who would
Speaker 21: have received in an intestacy situation. But I guess we'd
Speaker 21: have to think about that a little bit. But yeah,
Speaker 21: hopefully somebody has a trust agreement someone, because you don't
Speaker 21: want to have to go to court to get that
Speaker 21: figured out.
Speaker 13: Okay, yeah, we don't know where it is, and there's
Speaker 13: only all we had was a family trust, and this
Speaker 13: trust is not mentioned in it. I have a letter
Speaker 13: that my father in lost in to me. It said that.
Speaker 9: They had.
Speaker 13: The family trust, in which was jointly owned. Assets are included,
Speaker 13: but they had a shelter trust for each of them
Speaker 13: which the amount of the deceased trust plus one half
Speaker 13: of the family trust is placed any amount that exceeds
Speaker 13: the exemption for inheritance. You know, it's just to avoid
Speaker 13: inherence tax. And thinking, well, okay.
Speaker 9: Then I have another letter.
Speaker 13: They said that they get away with those trusts, and
Speaker 13: he had one and it's no longer good. It was
Speaker 13: transferred into the family trust.
Speaker 9: I'm assuming, but yeah.
Speaker 4: This obviously was overlooked, and it's good that you got
Speaker 4: to ten ninety nine because you wouldn't have even known existed.
Speaker 1: So, Dan, what would be your first step?
Speaker 7: I think?
Speaker 21: I would you know, sometimes when did your mother in
Speaker 21: law pass?
Speaker 13: January fourth, two thousand and twenty four.
Speaker 21: Okay, Yeah. There used to be a requirement that you
Speaker 21: register trusts, and that's kind of gone away now. Trustees
Speaker 21: just have to reach out and tell the beneficiaries about
Speaker 21: the trust. But it doesn't sound like the trust he
Speaker 21: would know who who they were. But you know, sometimes
Speaker 21: I will. Of course, we've got community list serves and
Speaker 21: emails and stuff like that. A first thing I might
Speaker 21: do if you came to me is just put out
Speaker 21: a message among the Colorado State Planning Council lists are
Speaker 21: just saying that anybody do any estate plan in their
Speaker 21: creative trust for this person and just see if that
Speaker 21: brings something up. A lot of times it's a little
Speaker 21: bit of investigation just like that. But yeah, if that
Speaker 21: does not turn up anything, then you might have to
Speaker 21: ask a court to permit access and prove who the
Speaker 21: heirs are at law.
Speaker 13: Okay, yeah, okay, Well, the family trust is all taken
Speaker 13: care of and we've taken all the assets and divided
Speaker 13: those and put all of the money that was in
Speaker 13: there in that way, they thing that you guys have got.
Speaker 4: Yeah, well here's the thing. Here's the thing man. No, no,
Speaker 4: of course, now here's the deal. Dan McKenzie. I would
Speaker 4: call him, really, you're not going to do this alone.
Speaker 4: This is something he needs to start thinking about this,
Speaker 4: and and I think his idea of telling the courts
Speaker 4: this impossible situation. Courts are courts of equity, not just
Speaker 4: of law, and there are also courts of substance, sometimes
Speaker 4: even over form, meaning that if they know something screwed up,
Speaker 4: the judge has the power to write it, isn't that
Speaker 4: right Dan, and say look, yeah, we understand, let's do this.
Speaker 9: Yeah, that's that's the names.
Speaker 21: When they're sitting in equity. A lot of times courts
Speaker 21: will just say here's his getting money and here's his
Speaker 21: paying the money. But when they're sitting in equity, it's
Speaker 21: like they have an opportunity to say, well, here's what
Speaker 21: here's what's fair.
Speaker 10: We're gonna do this right so exactly.
Speaker 4: Yeah, so anyway I would do that. I really would, again,
Speaker 4: just to touch base with them. But that's what you're
Speaker 4: gonna need, and I think what you're gonna find is
Speaker 4: Dan's gonna probably have to petition the court to form
Speaker 4: a trust just to put this just to take this over.
Speaker 4: And and it's not gonna you know, it's gonna look
Speaker 4: and you know by the math alone, if the bank's
Speaker 4: paying one and a half percent, that's a low end.
Speaker 4: That would be a fifty thousand dollars CD. Could be
Speaker 4: more than that could be less, but it's gonna it's not.
Speaker 4: It's not Chicken feed not paying you seven hundred from
Speaker 4: a bank CD in a year. So uh A three
Speaker 4: three coe plans is Dan's number eight C eight three
Speaker 4: three co plans.
Speaker 1: The website coplans dot co.
Speaker 4: All right three oh three seven one three talk seven
Speaker 4: one three eight two five five.
Speaker 1: We have more coming right up. And it's important people
Speaker 1: when things like this come up.
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Speaker 6: Help.
Speaker 4: You'll think you're his only customer when you choose Frank
Speaker 4: durand the real estate Man dot com to list your
Speaker 4: home with Remax Alliance three oh three nine two zero
Speaker 4: sixteen twenty two. Hi Tom Martino, you're troubleshooter three O
Speaker 4: three seven one three talk seven one three eight two
Speaker 4: five five. All right, now, Tony, this sounds very interesting
Speaker 4: this topic. Is it a topic or are you gonna
Speaker 4: give us some tips?
Speaker 1: Go ahead, it's a topic.
Speaker 17: I had Paul over the last week, and Paul the
Speaker 17: water man man, and fortunately my basement is unfinished. We
Speaker 17: go downstairs to look at where the unit will get installed,
Speaker 17: which it is installed, up and running. And he looked
Speaker 17: at all my copper pipes and he said, you see this,
Speaker 17: you see this, you see this? And I said yeah,
Speaker 17: and he said, this is caused by acidic water from
Speaker 17: your water supplier.
Speaker 7: And that's right.
Speaker 17: Given time, I'm going to have in whole leaks and
Speaker 17: my copper all over the place.
Speaker 1: That's right, that's right.
Speaker 16: I did not know.
Speaker 17: That copper was anything but permanent. And you know without worry.
Speaker 1: Well, it depends on your water tony.
Speaker 17: Well, aside from installing pecks, ripping out all the copper
Speaker 17: in stalling pecks and contacting my water supply supplier in saying,
Speaker 17: hey man, your waters do acid it.
Speaker 13: What can a guy do?
Speaker 4: Well, you already did it. Did you put in one
Speaker 4: of water pros dot net? Did you put in one
Speaker 4: of their systems?
Speaker 7: I did?
Speaker 17: But he said it won't change the acidity.
Speaker 1: Of the water.
Speaker 4: What so wait a minute, it does make the acidity. Well,
Speaker 4: I know that they attack the pH of your water.
Speaker 4: So let's get Paul on to explain it. Because really
Speaker 4: and truly he's right, there's a certain amount of acidity
Speaker 4: or alkalinity and hardness that can cause pinhole leaks and copper.
Speaker 1: And it happens all the time.
Speaker 4: I mean, that's why we have plumbers. And you're right
Speaker 4: that copper is permanent. But the joints are not permanent.
Speaker 4: They're only as permanent as the water.
Speaker 1: Will help him go ahead.
Speaker 17: These leaks that he showed to me, well they haven't
Speaker 17: happened yet, but one area had like the copper was
Speaker 17: degrading and it was turning into a liquid. I was
Speaker 17: shocked when I thought it. But these are all on
Speaker 17: straight sections of pipe, no joints.
Speaker 4: Well, come on, wait a minute, on a straight section
Speaker 4: of pipe, if it's failing to that degree, it would
Speaker 4: already be leaking. What did you see on this straight
Speaker 4: What did you see on this straight section of pipe?
Speaker 1: What did you actually see?
Speaker 17: I saw this green liquidy thing oozing from mic.
Speaker 1: Well, that's the evaporation of the water.
Speaker 4: That's the evaporation of the water and the minerals in
Speaker 4: the water.
Speaker 1: So let's get Paul out.
Speaker 6: I want him to explain it.
Speaker 4: Hold on a second, Tony, Yeah, I really want to
Speaker 4: get him on and explain it, because you know, obviously
Speaker 4: there we don't have pipes failing all over the place.
Speaker 4: But I want to know what he was talking about.
Speaker 4: I want to make sure he's quoted properly. So, uh,
Speaker 4: sus let's get him on for right after the top
Speaker 4: of the show. Let's do that right now. I have
Speaker 4: a let's go to the studio here. I got a
Speaker 4: question for Joe Piano on the on the annuity fixed
Speaker 4: index nuity. They want to know what do they mean
Speaker 4: by indexed fixed indexed annuity?
Speaker 15: Okay, Tom, if follow us in, the annuity will follow
Speaker 15: an external index like the S and P five hundred,
Speaker 15: the Dow Jones, the Morgan Stanley index, and whenever those
Speaker 15: indexes grow, the customer will get a percentage of that.
Speaker 9: Girl.
Speaker 15: But when the when they markets go down, they stay leveled.
Speaker 15: They don't lose what they put in. They don't loose
Speaker 15: their games, and they don't loose their bonus. Just the
Speaker 15: best of both worlds.
Speaker 6: So you get the benefit of all the rising but
Speaker 6: not the disadvantages of the dips.
Speaker 15: Absolutely, and this is really what people need in today's economy,
Speaker 15: all right.
Speaker 4: To find out more my money, my way dot com,
Speaker 4: go with a sure thing Denver's best roofer Excel roofing
Speaker 4: dot com.
Speaker 1: You don't pay a cent until you're contenth.
Speaker 4: Time for an insurance checkup free, no obligation. In comparison,
Speaker 4: call compass insurance paying too much your coverage at dozens
Speaker 4: of insurance companies find out now three oh three seven
Speaker 4: to seven to one help. You'll think you're his only
Speaker 4: customer when you choose Frank durand the real estate Man
Speaker 4: dot com to list your home with Remax Alliance three
Speaker 4: oh three nine two zero sixteen twenty two.
Speaker 2: That news who you don't have.
Speaker 3: Come running just as fast as we can. Shooter's gonna
Speaker 3: help coming man.
Speaker 1: This is the Troubleshooter Show.
Speaker 4: No Tom Martine, Hello Tom Martino, here fighting for you,
Speaker 4: fighting with you. Sometimes if you're an idiot, well, we
Speaker 4: don't have a lot of idiots that call people call
Speaker 4: for help or not idiots. The only idiots we have
Speaker 4: are people that try to rip people off, and we've
Speaker 4: battled them through the years. You want to know who
Speaker 4: they are. There's an easy way to find out. You
Speaker 4: go to Sleeze Brigade dot com. We love Sleeze Brigade
Speaker 4: dot com. S l e a Ze Sleeze Brigade dot com. Now,
Speaker 4: we have some issues here we want to talk about.
Speaker 4: We're gonna get We're gonna get Paul the Waterman on.
Speaker 4: But we were talking about pinhole leaks and copper pipes,
Speaker 4: and Tony said that Paul was at his house and
Speaker 4: saw the softening system and a purification system, and Paul
Speaker 4: was saying that certain conditions of the water will cause
Speaker 4: pipes to spring leaks over the years. We want to
Speaker 4: clarify that because I've never heard of pipes just springing
Speaker 4: leak in the middle of a pipe run.
Speaker 1: I've heard of the.
Speaker 4: Joints giving out or the joints springing leaks. So we
Speaker 4: want to get clarification on that. But Joe called in
Speaker 4: with a comment while we're waiting for Paul. Joe, what
Speaker 4: is your comment on that?
Speaker 22: Yeah, Tom, My name is Joe, and I have high
Speaker 22: planes water solutions down here in the car out of Springs.
Speaker 7: Area in East Yeah. I do a ton of work
Speaker 7: in black Forest and.
Speaker 4: Mostly And what do you mean? So, what do you
Speaker 4: mean a ton of work? What do you do in
Speaker 4: Black Forest?
Speaker 6: What do you do?
Speaker 1: Do you install systems?
Speaker 22: I install systems, Yes, And I just came off of
Speaker 22: the service call where the water is a city and
Speaker 22: we test the way whenever we go to a job,
Speaker 22: we test for hardness, iron sulfur.
Speaker 9: Yeh.
Speaker 7: And anytime anytime your pH.
Speaker 22: Level is below seven and your waters is city, you've
Speaker 22: got to raise that pH in the water because it
Speaker 22: causes pinhole lakes and copper pipe people.
Speaker 4: Well, okay, now hold on, let me ask you something, Joe.
Speaker 4: Since you're somewhat of an expert, you have to raise
Speaker 4: the pH. But when those holes develop, are they usually
Speaker 4: at the joints?
Speaker 1: Or can they do midstream?
Speaker 7: They can be in both. I've had I've had one
Speaker 7: system in a new home that the home was five
Speaker 7: years old.
Speaker 22: It was totally plumbed in pecks, but there were the
Speaker 22: brass elbows and ts. And this was in a doctor's
Speaker 22: home down here in Black Forest, and he had three
Speaker 22: leaks and they were all in the brass fittings and
Speaker 22: did thousands of dollars worth of damage each time.
Speaker 7: And he sent a sample into the state test it
Speaker 7: and it came back as a city.
Speaker 4: So he called, okay, so tell me this. Then, this
Speaker 4: is what I want to know. What can you do
Speaker 4: then to prevent it? You were about to say something
Speaker 4: to raise How do you do the pH?
Speaker 7: You run it through calcite.
Speaker 22: So you put in a tank that looks just like
Speaker 22: a water softening tank, but it's a ten to fifty
Speaker 22: four tank is what we always put in. Tenage's diameter
Speaker 22: fifty four tall, and it doesn't backwash or anything.
Speaker 9: We just we just.
Speaker 7: Upflow the water through that calcite and corro sex, which
Speaker 7: is another neutralizer mineral. And when the water comes through
Speaker 7: the system and out, it's always at seven or above.
Speaker 7: And you have no issues with leaks and copper pipe, then.
Speaker 8: None, Tony, Tony, I want to bring up Tony with you, Joe,
Speaker 8: I verify, so Tony, Tony, Yeah.
Speaker 1: Did you just hear about one of those solutions?
Speaker 13: Yeah? I uh I did. Yes.
Speaker 4: What is the system called, Joe? Pardon Joe, what is
Speaker 4: the system called?
Speaker 7: It's just a neutralizer tank. It's not it's not a
Speaker 7: brand name on.
Speaker 9: It at all.
Speaker 7: I'm a dealer with Aqua Systems. I know Paul. Paul
Speaker 7: knows me. Paul has dealt.
Speaker 22: With the fella that I bought my company from. And
Speaker 22: my company's thirty one years old now, and so Paul
Speaker 22: I've never met Paul face to face. We actually just
Speaker 22: talked on the phone a couple weeks ago. But anyway,
Speaker 22: I've got hundreds of customers, but just calcite tanks in
Speaker 22: that we upflow the water.
Speaker 6: Now, how did you find out? And are you saying
Speaker 6: calcite like in calcium calcium.
Speaker 7: It's it's a ground up limestone, is what it is.
Speaker 1: Hey, Joe, how'd you find out about this? How did
Speaker 1: you find out about this? Joe?
Speaker 7: To begin with this calcite, everybody that I've ever talked
Speaker 7: to that ten Water treatment knows that.
Speaker 22: And Shane, the fellow that I bought the business from,
Speaker 22: Shane had been putting calcite in for years.
Speaker 7: I've got I've got is there?
Speaker 4: Do you have to change? Do you have to change
Speaker 4: anything out? Or is it permanent?
Speaker 7: After about seven years, when we have that call site
Speaker 7: in that tank, you can see the cal site in there,
Speaker 7: and over a period of time, which is a year,
Speaker 7: anywhere from a year to three years, that calsite will
Speaker 7: drop down about ten inches. And so you can see
Speaker 7: that in that tank.
Speaker 22: We put a full mark and an ad mark. When
Speaker 22: it gets to the ad mark, the customer calls us.
Speaker 22: That's where I just came from. Customer call means that Joe,
Speaker 22: I need or calcite. I went over there, pop top off,
Speaker 22: dumped the little calcide in, rinsed it real good, and
Speaker 22: put it back in service.
Speaker 6: And this will and this will prevent Joe you're telling
Speaker 6: me this will prevent the pinhole leaks. It'll what does
Speaker 6: it do to the to the p so does it
Speaker 6: neutralize the water or does it make it one way
Speaker 6: or another?
Speaker 22: It neutralizes it, And actually we'll bring it up into
Speaker 22: the alkalin side a little bit. It'll be from seven
Speaker 22: some of it some water.
Speaker 7: When I first put in a fresh system and we
Speaker 7: turn on the water and retest it, that pH level
Speaker 7: could even be up around eight. But it's making it
Speaker 7: more towards the smart water. That's what your smart water is,
Speaker 7: is iph.
Speaker 4: Well, you alkaline is not bad for you.
Speaker 7: No, not at all. It's good for you.
Speaker 4: Can't yeah, alk line water, right, Alkaline water is good
Speaker 4: for you.
Speaker 1: So, Tony, I mean, Joe, thank you, Tony.
Speaker 4: Look into the calcite and I'm going to ask Paul
Speaker 4: the water man. If we get him on I hope
Speaker 4: he'll call. Well, we'll talk to him about how to
Speaker 4: prevent and if he does calcite, I've never heard him
Speaker 4: really talk about it, but it sounds pretty cool if
Speaker 4: you have that kind of water.
Speaker 1: So thank you. Three h three seven.
Speaker 17: Yeah, So I just had a tank put in by Paul.
Speaker 7: Is he saying this is a separate tank or you
Speaker 7: just add the cow site to the tank that was installed.
Speaker 1: No, it's a separate system.
Speaker 4: Great, okay, yeah, but it sounds it actually sounds cost effective.
Speaker 4: You only have to deal with it every seven years
Speaker 4: or occasionally add calcite to it, is what he's saying.
Speaker 13: Yeah, so I will you know when you talk to
Speaker 13: Paul if he offers these systems.
Speaker 4: Now, I'm going to That's what I'm gonna ask him,
Speaker 4: because I mean, this is pretty logical. If you're if
Speaker 4: you're in water treatment, you're gonna want to offer something
Speaker 4: or maybe he does offer something different. That's what we're
Speaker 4: gonna get him on about as soon as he's available.
Speaker 4: Three oh three seven one three eight two five five.
Speaker 4: We have more coming up on the Troubleshooter Show. Listen
Speaker 4: eight eight eight Heating dot Com. Remember high efficiency units
Speaker 4: at discount prices. The best price for high efficiency heating
Speaker 4: and air hybrid systems, and if you're doing a solar system,
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Speaker 4: seven seven six seven seven zero two seven seven six
Speaker 4: Go with a sure thing Denver's Best Roofer Excel roofing
Speaker 4: dot com.
Speaker 1: You don't pay a cent until you're content.
Speaker 4: Time for an insurance check up free, no obligation in comparison,
Speaker 4: and call Compass Insurance paying too much your coverage at
Speaker 4: dozens of insurance companies find out now three oh three
Speaker 4: seven seven to one Help. You'll think you're his only
Speaker 4: customer when you choose Frank durand the real estate Man
Speaker 4: dot com to list your home with Remax Alliance three
Speaker 4: oh three nine two zero sixteen twenty two.
Speaker 1: Hi Tom Martina here, Welcome to the show.
Speaker 4: Three O three seven to one three talk seven one
Speaker 4: three eight two five five. So let's go to the
Speaker 4: phones and solve problems, answer questions, take complaints as we
Speaker 4: like doing every day. Randy has a problem with a
Speaker 4: car dealership at twenty twenty two Hunday. What's happening, Randy?
Speaker 9: Hey, how's it going? Tom?
Speaker 1: What's happening?
Speaker 17: Yes?
Speaker 1: I can, okay, I can hear you find Randy.
Speaker 9: My coworker has a twenty twenty two hondy twoson and
Speaker 9: it has thirteen thousand min miles. The other day she
Speaker 9: was driving to work and two of her injectors failed.
Speaker 9: Had it towed the pine Unday, and they said that unfortunately, nationwide,
Speaker 9: the injectors are at least six months out and they
Speaker 9: won't give her a loaner car. I'm not sure what
Speaker 9: to do.
Speaker 23: Go ahead there, Grandy, the car is her car still
Speaker 23: under factory warranty?
Speaker 4: Yes, okay, listen, So how many injectors are bad?
Speaker 11: You said two injectors went out and.
Speaker 6: How many miles?
Speaker 9: Thirteen thousand?
Speaker 1: Oh that's crazy. They won't give her a loaner sues.
Speaker 6: Have you guys ever had trouble with injectors.
Speaker 24: I'm not, but it's just at six months out, it's
Speaker 24: not drivable.
Speaker 1: It sounds like, and she doesn't get a loaner. Something
Speaker 1: doesn't make sense.
Speaker 23: So, Randy, I know that we've had calls like this
Speaker 23: before about similar issues where the dealer can't get parts.
Speaker 1: So I'm sure they're not making that up.
Speaker 23: But if your friend calls Hyundai, if your friend actually
Speaker 23: calls the manufacturer, they they may be.
Speaker 11: Able to provide her with a loaner.
Speaker 23: I've personally worked the case like this with a different manufacturers,
Speaker 23: General Motors, that provided a loaner to her even though
Speaker 23: the dealer didn't have any available.
Speaker 4: Okay, so they say replacement parts are two months out.
Speaker 1: Six six months?
Speaker 11: He said six two.
Speaker 1: Six months, So so wait three to six months. Call
Speaker 1: Kevin up. I bet Kevin can get in Jeffers after market.
Speaker 9: Yeah, but if I can do anything for the warranty.
Speaker 6: No, how do you know, Mark, Well, because I mean
Speaker 6: the warranty, sure as hell's not going to cover after
Speaker 6: market parts.
Speaker 1: If anything, it might avoid the rest of you. No,
Speaker 1: what do you mean?
Speaker 4: No, what he means is Mark, What he means is
Speaker 4: will it will avoid his factory warranty, the balance of
Speaker 4: it if he puts other injectors in.
Speaker 1: Let's let's ask Kevin and not only that if yeah,
Speaker 1: let's get Kevin on.
Speaker 9: If it happens again, you know, and it doesn't avoid
Speaker 9: the warranty, but avoids the warranty just for the injectors.
Speaker 9: But it happens again, how.
Speaker 1: Many how many miles are on it? Yeah, that sucks.
Speaker 23: Well, Kevin's warranty will be a year on his aftermarket
Speaker 23: injectors if he can get them.
Speaker 6: Okay, Well, let's try to find out what Kevin would.
Speaker 9: Say, saying, if they're not in, it's gonna avoid her warranty.
Speaker 4: Well, how about you do it and not tell him.
Speaker 4: How how would they know if you switched out your
Speaker 4: and I'm serious, if you switched it out, how will
Speaker 4: they know?
Speaker 9: Oh if they if it happens again, they take it
Speaker 9: back to the dealership, they pull out an injector and
Speaker 9: it doesn't say Hunday on it.
Speaker 1: Yeah they when would they do? They know that? Seriously?
Speaker 1: But would they really?
Speaker 6: I mean he's saying, he's saying, if the injectors failed
Speaker 6: and he was still under warranty, they would know they're
Speaker 6: not factory injectors.
Speaker 4: No, I'm not talking about those injectors. I'm talking about
Speaker 4: any warranty issue on that car. If it's the other
Speaker 4: injector that fails, the non the Hyundai one, they would
Speaker 4: pull it out and it would say Hyundai. And if
Speaker 4: the if a timing goes out or something else, how
Speaker 4: would they know he did anything by replacing injectors? How
Speaker 4: would anyone ever know unless that injector went out. And
Speaker 4: if that injector went out.
Speaker 6: Fine, you don't want them to fix it because you've
Speaker 6: put it in there to begin with. I don't even
Speaker 6: understand the Probably how would anyone know that?
Speaker 1: Honestly?
Speaker 6: It would probably just void the coverage on the injectors.
Speaker 6: Not probably nothing else unless if it was some you know,
Speaker 6: improper part.
Speaker 4: Now, if let's say the engine blue and they say,
Speaker 4: wait a minute, here, you had two non factory injectors
Speaker 4: in this engine. But if that's not the reason the
Speaker 4: engine blue, I think they'd have a hell of a
Speaker 4: time trying to pick a reason.
Speaker 6: Yeah, And I don't think they would try to pick
Speaker 6: a reason because I don't think that would create any issue.
Speaker 11: Okay, gentlemen.
Speaker 23: I think one of Randy's concerns is that if if
Speaker 23: he engages Kevin's Services to replace the two broken injectors,
Speaker 23: that's not covered by warranties.
Speaker 1: So what I mean, Yeah.
Speaker 11: So if she wants to use she may have to
Speaker 11: pay for this repair.
Speaker 6: Yeah yeah, yeah.
Speaker 4: So it's better to pay for that repair and get
Speaker 4: it done than and it is to have a loaner
Speaker 4: car you're paying for.
Speaker 11: Well, she's not able to get a loan car at
Speaker 11: this point.
Speaker 4: No, No, I'm talking about one she pays for. It's
Speaker 4: not that she can't get a loaner car.
Speaker 6: She can go to Enterprise Leasing and get a replacement
Speaker 6: car tomorrow.
Speaker 11: A rental car. Randy wants a free loaner.
Speaker 6: Well, Okay, here's what I'm saying. You're not going to
Speaker 6: get a free loaner.
Speaker 1: So in the.
Speaker 6: Absence of it, no one's going to give you a
Speaker 6: six month loaner, except in very rare conditions.
Speaker 1: But here's what I'm thinking.
Speaker 4: If you can't get a loaner and you're going to
Speaker 4: pay for a rental, it's cheaper to pay for the repair.
Speaker 11: Agreed, Absolutely, and I.
Speaker 9: Agree with all of that.
Speaker 4: How much Let's ask, well, let's get Kevin on. I
Speaker 4: want to ask Kevin what it will cost to fix that.
Speaker 4: That's what I want to do. Jeff's got a comment
Speaker 4: on this, Jeff, go ahead. What do you have to say?
Speaker 18: Tom?
Speaker 7: I think it's a brand new car. That's definitely your
Speaker 7: Lemon law issue.
Speaker 6: There, we had the same, No, it isn't it's a
Speaker 6: twenty twenty two.
Speaker 7: I missed that cart.
Speaker 1: No, but you're right, that would be a Lemon law.
Speaker 4: You're right if she lost use of that car for
Speaker 4: more than thirty days, it would.
Speaker 9: Be thirty days.
Speaker 7: Absolutely.
Speaker 4: Yeah, but this is a twenty two, so it doesn't apply.
Speaker 4: It's only in the first year of ownership. So but
Speaker 4: thanks for trying.
Speaker 1: Well, what we'll do.
Speaker 4: Let's talk to Kevin get Kevin Calkin on Sheridan autotech
Speaker 4: dot com and we'll see what he has to say
Speaker 4: about an aftermarket injector, about what they will cost for two.
Speaker 6: Of them, and then you know about how much I
Speaker 6: think you and this spoke. It's two years twenty four thousand. Now,
Speaker 6: remember it changed?
Speaker 1: Oh is it marked? Okay? Hell, he's still out of warranty. Yes,
Speaker 1: even oh, because it's three years. Yeah, it's three years.
Speaker 1: It's not one or the other. It's got to meet both.
Speaker 1: Whatever is first?
Speaker 7: Bang it.
Speaker 19: Mark?
Speaker 6: You're talking about the new lemon law. Yeah, it's probably
Speaker 6: I bet a year and a half old now, but
Speaker 6: it's to tell me about the limit. Well, it's basically
Speaker 6: the same thing, but it's two years twenty four thousand
Speaker 6: instead of one year to thousand.
Speaker 1: The risk of it, I believe, is all the exact same.
Speaker 6: You know, you can't have use of the vehicle for
Speaker 6: thirty I don't even think it's consecutive.
Speaker 1: I think it's thirty. Uh what's the word?
Speaker 6: Thirty days with out of service don't have to be
Speaker 6: con used. It's just no cumulative cumulative, it's cumulative.
Speaker 4: Yes, yeah, okay, So we have more coming up on
Speaker 4: the Troubleshooter Show. Frank Duran, the real estate Man dot com.
Speaker 4: He'll do a market evaluation of your home to see
Speaker 4: what it will sell for. You know, prices are all
Speaker 4: all over the place, but Frank has a handle on
Speaker 4: the neighborhoods, the houses, the comps, the conditions. Call him
Speaker 4: for a free analysis with no obligation. He's a great
Speaker 4: person with a lot of knowledge, and I've represented him
Speaker 4: for nearly probably thirty years now. Frank Durand the real
Speaker 4: Estateman dot com three oh three nine two zero sixteen
Speaker 4: twenty two. Go with a sure thing Denver's best roofer
Speaker 4: Excel Roofing dot com.
Speaker 1: You don't pay a cent until you're content.
Speaker 4: Time for an insurance check up, free, no obligation comparison
Speaker 4: call Compass Insurance paying too much your coverage at dozens
Speaker 4: of insurance companies find out now three oh three seven
Speaker 4: to seven to one help. You'll think you're his only
Speaker 4: customer when you choose Frank Durand the real Estateman dot
Speaker 4: com to list your home with Remax Alliance three oh
Speaker 4: three nine two zero sixteen twenty two. Tom Martino Here
Speaker 4: three oh three seven to one three talks seven one three,
Speaker 4: two five five. So we're waiting on Kevin Calkin to
Speaker 4: talk about that car unto warranty. But nationwide this is
Speaker 4: a problem. There's a back order on parts. Now, what
Speaker 4: really puzzles me is why this is happening. I suspect
Speaker 4: it has to do with COVID. I don't mean that
Speaker 4: COVID is responsible now directly, but here's what they found
Speaker 4: out that when COVID happened and some of the factories
Speaker 4: shut down or slowed down, people were willing to wait.
Speaker 4: And these companies realized that by not inventorying all of
Speaker 4: these parts, they're making more off the bottom line because
Speaker 4: that's money tied up for a certain length of time.
Speaker 4: So instead of inventorying a lot of spare parts, they're
Speaker 4: doing more production runs on limited basis, and so you
Speaker 4: just put your order in and you wait for the
Speaker 4: next production run.
Speaker 6: By the way, that's happening with a lot of things. Hey,
Speaker 6: for example, I need it in Hondi. By the way,
Speaker 6: they will only give you ten days of coverage as
Speaker 6: part of their warranty on the rental. Yeah, now that
Speaker 6: used to be the world. I mean that's all you needed, right.
Speaker 4: So here's the deal when it comes to like even
Speaker 4: batteries and stuff. I needed a battery for a vehicle,
Speaker 4: and this battery I had to wait for a production run,
Speaker 4: and they said the production run will be in three months,
Speaker 4: and then we put you on a list and we
Speaker 4: ship from there. So I was like number two hundred
Speaker 4: after sixty days, and they would do a production run
Speaker 4: of a few thousands. That'd be okay, but they literally
Speaker 4: did production runs. Your name would be in a hopper
Speaker 4: and you'd be put on a list. Of course, so
Speaker 4: your dealer had to call in or a distributor had
Speaker 4: to call it into the factory.
Speaker 6: The factory puts out a list. So that's how things
Speaker 6: have become now.
Speaker 4: Now it's saving a ton of money on the manufacturer
Speaker 4: side because they don't have stuff sitting there, and when
Speaker 4: something sits there, whether it's inventory or money or whatever,
Speaker 4: it's costing you because it's not working for you. Randy,
Speaker 4: we're told Kevin Colkin is tied up right now. Do
Speaker 4: we know when he's gonna be free.
Speaker 6: Sus I don't, But I can take Randy's number and
Speaker 6: try to reconnect here in a little bit.
Speaker 4: Yeah, yeah, we're gonna have to figure out what old
Speaker 4: costs for these injectors and to have replaced and what
Speaker 4: he can do. We have a Jordan Canno with us
Speaker 4: in the studio taking over for his dad, talking about
Speaker 4: our movie event coming up, and Jordan, they want to know.
Speaker 4: I'm getting a few very basic questions. Okay, okay, and
Speaker 4: that is and that is the length of the movie.
Speaker 1: Very good question.
Speaker 25: So basically the movie itself right, get everybody out within
Speaker 25: an hour basically nowur twenty a month with questions at
Speaker 25: the end. But it's a pretty quick, concise movie of
Speaker 25: just talking about the baby boomer dilemma, social security issues,
Speaker 25: what people should be looking forward to in retirement, and
Speaker 25: what they should expect that there might be social security
Speaker 25: cuts down the road, because we all know the system's
Speaker 25: a little hurt right now, it's being able to fund it.
Speaker 4: So obviously, who put this movie together. I mean, this
Speaker 4: is being put together by people who are who are
Speaker 4: marketing annuities because they believe it's the best security.
Speaker 1: Going into uncertain times. Yeah, definitely.
Speaker 25: They basically have experts throughout the past, sold Security board members,
Speaker 25: some people from treasurers from the US Treasury, and they
Speaker 25: have it's kind of like a docu series, if you will,
Speaker 25: a documentary that has all these experts talking about the
Speaker 25: issues that have come up.
Speaker 1: They put it together with.
Speaker 25: A director, and the point that you're making is exactly
Speaker 25: that that there's another solution, using some indexed annuities, using
Speaker 25: some other waste and green another income stream. Pensions, not
Speaker 25: just social security, have another source of income that you
Speaker 25: can count on every single month. And that's what that
Speaker 25: movie Light Lightly kind of shows at the end of
Speaker 25: other solutions that you can choose, not just so security.
Speaker 17: Only.
Speaker 4: Right, and it highlights people who have done the wrong
Speaker 4: thing and ended up losing everything. And some of these
Speaker 4: companies were, you know, telling people to take the wrong
Speaker 4: products and employment plans that have failed. They even had
Speaker 4: some employee sponsored plans where people ended up with nothing.
Speaker 1: Very true.
Speaker 4: Now, now when we say it's virtually no risk, I
Speaker 4: can say virtually no risk because I believe literally it's
Speaker 4: not only backed by the insurance companies that are one
Speaker 4: hundred years or older, but they also have state insurance
Speaker 4: funds that back it up as well.
Speaker 1: So when we say no risk, it's just.
Speaker 4: Like a corporate bond when they say it's guaranteed. So
Speaker 4: the corporate bond is as good as the corporation. And
Speaker 4: these are companies Jordan that you represent. How old are they?
Speaker 4: How old are they?
Speaker 25: You hit it right on the head. We have companies
Speaker 25: that are one hundred, one hundred and fifty years old.
Speaker 25: Some of those insurance companies even go pass that to
Speaker 25: two hundred years old. And so they've stood through the
Speaker 25: Great Depression, they stood through a lot of the epidemics,
Speaker 25: the financial ruts that we've seen in this country. And
Speaker 25: that's their point is they're using the risk factor and
Speaker 25: taking that away from clients and being able to give
Speaker 25: them basically a backing not only through the company, but
Speaker 25: you said it right there by the states as well.
Speaker 25: What other product out there, stocks, bonds, mutual funds, you know,
Speaker 25: would the state put their name behind saying that, hey,
Speaker 25: you know what if the company went belly up or
Speaker 25: if this happens, we're going to back you.
Speaker 1: It's basically like FDIC. It is like the FDIC.
Speaker 25: Yeah, the money's there, you know, so because of the
Speaker 25: state funds. So to your point, it is very it's
Speaker 25: one of the safest bets that people can put in.
Speaker 25: They can get the growth in the market's up and
Speaker 25: then protect it from when the market comes down.
Speaker 4: But let's talk about that because somebody want Somebody asked,
Speaker 4: they say, Tom, you mentioned upside risk. In other words,
Speaker 4: if the market's going crazy and somebody's in an annuity,
Speaker 4: they're limited. But you just said, and I think it's
Speaker 4: rightly so that they do get upside it's not for
Speaker 4: they don't have a fixed s rate. The only fixed
Speaker 4: strate is the one never to go below.
Speaker 1: Isn't that right? Two fixed rates?
Speaker 25: Yeah, So the best way to look at it is
Speaker 25: there's a left side and the right side. The left
Speaker 25: side goes up when the market's up and you get
Speaker 25: those gains, but when the market comes down or crashes
Speaker 25: for that year, the lowest you can ever get is
Speaker 25: zero percent. So you can't go negative, you can't go backwards,
Speaker 25: you don't lose your principle rights.
Speaker 4: That's on the left side. That's on the lea what's
Speaker 4: on there. So they're really double indexed. So one is
Speaker 4: market goes up, it keeps ratcheting up. It can never
Speaker 4: go below its base.
Speaker 25: Right, and you're able to lock those earnings in and
Speaker 25: increase that base every year. So as you go up,
Speaker 25: it's racked up like a stair, and what's the other.
Speaker 6: Okay, what's the other so called indexed, what's the right side?
Speaker 25: So the right side or account if you will, is
Speaker 25: what they give a guaranteed interest rate. It's called an
Speaker 25: income writer, if you will, but it's a guaranteed interest
Speaker 25: rate where just like we're running some examples here, they
Speaker 25: start around five percent and every five years it ratchets
Speaker 25: up and so it goes from five five and a
Speaker 25: half six And so let's just say at the end
Speaker 25: of ten years, whichever side's the biggest of the two,
Speaker 25: either account A the market side or account be the
Speaker 25: guaranteed indexing, they will give you the bigger of the two.
Speaker 4: So in other words, you are going you're following two
Speaker 4: two market indicators. You're following the volatility side that can
Speaker 4: go really up high and stay there, and you're or
Speaker 4: the just basic like a t bill. You're going to
Speaker 4: get a solid amount of money. And then at the end,
Speaker 4: when you're ready to an it, ties do you choose.
Speaker 4: You don't literally choose which side. It's automatically the one
Speaker 4: with the most money.
Speaker 25: In the one that wins the race, the hair, the
Speaker 25: or the turtle. As if you look at it, that
Speaker 25: way or the tortoise.
Speaker 4: So which and then when let's say the saw wins,
Speaker 4: the race has grown to two hundred and fifty thousand
Speaker 4: or three hundred or four hundred, whatever the number is,
Speaker 4: and you unfortunately something befalls you and you die before
Speaker 4: you get all of that back.
Speaker 1: What happens to the rest.
Speaker 25: The rest of the money goes to your beneficiaries, so
Speaker 25: you can have whether it's your spouse, children, you know,
Speaker 25: if you have it to a trust, you have options
Speaker 25: unlike a regular tradition.
Speaker 6: But you leave nothing on the table. Nothing, You leave
Speaker 6: nothing on the table, correct you got it.
Speaker 25: Most pensions nowadays from employers, you're stuck with just giving
Speaker 25: it to your spouse and that's it.
Speaker 1: You really can't. There's not a lot of them that.
Speaker 25: Allow you to give it to your children, your heirs thereafter.
Speaker 25: And that's money left on the table. As you're saying.
Speaker 25: With these plans, you have that money go into your family,
Speaker 25: and it's going to everybody, not just one individual with
Speaker 25: a spouse, or if they don't have a spouse, they
Speaker 25: can leave to children or family members.
Speaker 4: Now listen, by the way, I also want to talk
Speaker 4: about something else, but that this event's coming up in
Speaker 4: a few nights at the twenty fifth And what time
Speaker 4: does it start Jordan.
Speaker 25: That'll be six thirty pm at the Highlands. Rants AMC
Speaker 25: twenty four will be there with signs.
Speaker 4: Now to register to register three all three Yeah, if
Speaker 4: nothing else, go for the pop run night. Find out
Speaker 4: how to protect money anyway three all three seven seven
Speaker 4: nine sixty six hundred seven seven nine sixty six hundred
Speaker 4: My moneymway dot com.
Speaker 1: Speaking of which I.
Speaker 4: Did have a guy who contacted me last time and
Speaker 4: said that one big one we we all you know.
Speaker 4: I think it was in Highlands wherever it was, he said, Tom,
Speaker 4: I swear to you. I went just to say hi
Speaker 4: to you, to meet you and to have popcorn. And
Speaker 4: I ended up actually buying one an annuity because of
Speaker 4: the movie, which is kind of fun.
Speaker 1: Anyway.
Speaker 4: Three O three seven seven nine sixty six hundred. Okay,
Speaker 4: we have more coming up on the Troubleshooter show, stick around,
Speaker 4: Go with a sure Thing Denver's Best Roofer Excel roofing
Speaker 4: dot com. You don't pay a cent until you're content.
Speaker 4: Time for an insurance check up free, no obligation. In comparison,
Speaker 4: call Compass Insurance paying too much your coverage at dozens
Speaker 4: of insurance companies. Find out now three oh three seven
Speaker 4: to seven to one help. You'll think you're his only
Speaker 4: customer when you choose Frank durand thereal estate man dot
Speaker 4: com to list your home with Remax Alliance three oh
Speaker 4: three nine two zero sixteen twenty two. Hey Tom Martino
Speaker 4: here three oh three seven one three Talk seven one
Speaker 4: three eight two five five. So we're talking about some
Speaker 4: very interesting issues. Give us a call if you have
Speaker 4: a problem, question and complain at three oh three seven
Speaker 4: one three talks seven one three eight two five five.
Speaker 1: We're promoting this movie event for the twenty.
Speaker 6: Fifth if you want to sign up for it.
Speaker 4: It talks about retirement and all that. And whenever you
Speaker 4: talk about investments are very.
Speaker 6: Kind, any kind. It doesn't matter what you talk about.
Speaker 6: And I think you'll know this, Jordan.
Speaker 4: There are people that will swear by things since people
Speaker 4: that swear against them. Then there are people that don't
Speaker 4: have an opinion. And I've always said this, there is
Speaker 4: no one investment that is the best for everyone.
Speaker 1: Or the worst for everyone.
Speaker 4: There's in fact, there is nothing that is bad or good.
Speaker 4: It's how you use it that counts.
Speaker 6: And I think one of the biggest mistakes people make
Speaker 6: sometimes is they do.
Speaker 1: One thing and one thing only.
Speaker 4: Or they they do they or they try to chase money,
Speaker 4: is what I mean. And this is what Warren Buffett
Speaker 4: used to say that he makes his money most by
Speaker 4: people chasing money because of everyone everyone. Most people start
Speaker 4: buying a stock when it's on his way up and
Speaker 4: they got in late, or they sell when it's crashing
Speaker 4: and they lock in their losses or their profits. So
Speaker 4: the theory behind an annuity is not to play the game.
Speaker 4: Just let us sit there and then take advantage of
Speaker 4: the upside and then take advantage of the fixed rate
Speaker 4: and do the comparing side by side when it's time
Speaker 4: to withdraw.
Speaker 6: You know he did.
Speaker 1: I mean, that's really he did. An example for me.
Speaker 1: Checked this out.
Speaker 6: Tom So someone fifty years old, so you know, basically
Speaker 6: my age one hundred and fifty thousand into an annuity.
Speaker 1: Then when you.
Speaker 6: Decide to retire, so we just took sixty seven or
Speaker 6: whatever the top social security is, you would have over
Speaker 6: three thousand dollars a month guaranteed to the day you died.
Speaker 25: Yep, and that goes right with an addition to your Yeah,
Speaker 25: it goes right with your opinion. If you have other
Speaker 25: money that's in the market, if you have four to
Speaker 25: one ks and that's the idea, Well it's so security,
Speaker 25: so security on top of that, you're you're you're hitting it, Tom,
Speaker 25: I mean, the idea is not all eggs in one basket.
Speaker 25: If you can have multiple streams of income, that is
Speaker 25: a good retirement. You can't just rely on one basket,
Speaker 25: one social security check.
Speaker 1: This is the way to do.
Speaker 6: It to people buy multiple ones and then like you know,
Speaker 6: they get to a certain age, they're like, okay, I
Speaker 6: could use that cash flow right now and still let
Speaker 6: the other one simmer.
Speaker 1: Exactly. We call that laddering them.
Speaker 25: So if you can have, you know, some money, you
Speaker 25: build it up and maybe even once it grows to
Speaker 25: a certain point, break it up into two.
Speaker 1: And that's the idea is let.
Speaker 4: One and sometimes sometimes you do laddering mark when you
Speaker 4: want some liquidity of freedom and so you're able to
Speaker 4: take ten percent a year and you can choose which.
Speaker 1: One and then it's it's it's a it's a it's
Speaker 1: a really cool approach.
Speaker 4: Anyway, we have more coming up on the Troubleshooter Show Problems,
Speaker 4: Questions and complaints three oh three Martino three O three
Speaker 4: six two seven eight four sixty six or three oh
Speaker 4: three seven one three talk seven one three eight two
Speaker 4: five five.
Speaker 1: Whatever you need, we're going to try to help you with,
Speaker 1: So call us.
Speaker 4: Go with a sure thing Denver's Best roofer Excel Roofing
Speaker 4: dot com. You don't pay a cent until you're content.
Speaker 4: Time for an insurance check up free, no obligation. In comparison,
Speaker 4: call Compass Insurance paying too much your coverage at dozens
Speaker 4: of insurance companies find out now three oh three seven
Speaker 4: seven to one help. You'll think you're his only customer
Speaker 4: when you choose Frank durand the real estate Man dot
Speaker 4: com to list your home with Remax Alliance three oh
Speaker 4: three nine two zero sixteen twenty.
Speaker 1: Two ript.
Speaker 3: News need so you don't have, as you can Shooter's
Speaker 3: gonna help coming man.
Speaker 1: This is the Troubleshooter Show.
Speaker 14: No Tom Martinez, Welcome my friends to the only show.
Speaker 6: If it's kay, We're here to solve problems, answer questions,
Speaker 6: take complaint.
Speaker 1: Where's Tommy? What happened to him? He might have stepped
Speaker 1: away for a second Mark, he might have. I don't
Speaker 1: see Dmitri there either, but hey, here's the deal. We're
Speaker 1: here to help you.
Speaker 6: Three oh three the executive seven one three eight two
Speaker 6: five five. I hope they're not in the executive together doc.
Speaker 6: We'll never know, they'll never know. Hey, listen, this thing
Speaker 6: coming up on the twenty fifth.
Speaker 7: I really do.
Speaker 1: A that's Drew, I really do.
Speaker 6: Want you to sign up. In fact, Suzanne and I
Speaker 6: will be out there alright six point thirty. It's gonna
Speaker 6: be at the AMC twenty four.
Speaker 1: That's correct.
Speaker 6: We look forward to meeting you. And it's a free
Speaker 6: free popcorn. Now are you guys gonna buy? I think
Speaker 6: at a mc as beer and liquor too?
Speaker 1: Whoo? Who is that included?
Speaker 7: Jordan?
Speaker 1: What are we talking here that we're getting ahead of it?
Speaker 1: Open bar? Mark, it's an open bar. Yeah, let's pull
Speaker 1: that back a little bit, pull the reins.
Speaker 6: But don't they have time where they bring whatever you order,
Speaker 6: like chicken to your seat?
Speaker 1: There a pool meal right now? I don't know.
Speaker 4: You know a lot of theaters have that you order
Speaker 4: and they bring it to your seat.
Speaker 1: Do you remember nowadays?
Speaker 6: You remember when you told everybody on air that Al
Speaker 6: Ramis was gonna buy my first ten callers free tires,
Speaker 6: and it was for April fools and it and then
Speaker 6: but I told the callers had I told the callers.
Speaker 1: Retning his life for not giving him the tires. My goodness. Now,
Speaker 1: but here's how I went down, Mark, Here's how it
Speaker 1: went down.
Speaker 4: I said. Before I even started, I said, listen, this
Speaker 4: is a April Fool's prank on him, on al Romus
Speaker 4: pro autocare. I said, so when you call him, though,
Speaker 4: just tell them you expect free tires. That Tom Martinez
Speaker 4: advertising free tires. Now, so the people that listen to
Speaker 4: my show, they were calling as a joke. But then
Speaker 4: other people got w into this and thought it was
Speaker 4: real and got pissed at him.
Speaker 6: Because they didn't get their free tires. And I bring
Speaker 6: that up and it back fired. I bring that up
Speaker 6: because I want everybody to know. There is not an
Speaker 6: open bar at the AMC twenty four, not this event.
Speaker 25: No no, no, but we got popcorn, drinks, my money,
Speaker 25: myway dot com free event coming up.
Speaker 1: Get snighted up though. It's gonna be fun.
Speaker 6: In fact, last time you had it there, I think,
Speaker 6: wasn't it you were at that one time it was
Speaker 6: standing room only. Yeah.
Speaker 1: Yeah, it's like one hundred and eight. So anyway, it's
Speaker 1: a good movie.
Speaker 19: I'm gonna go see it again.
Speaker 1: You're gonna go bo.
Speaker 19: There's a little bit of a doctor.
Speaker 1: You're go interview already. Oh, you haven't a new.
Speaker 20: I haven't that the con that Jordan talks about, which
Speaker 20: was it's been really great for me.
Speaker 6: Doc didn't even realize he had the I was gonna
Speaker 6: say death benefit, but not the long term care.
Speaker 1: Cost of living? Yeah, cost of living.
Speaker 20: I was saying, my malpractice policy. They you know, they
Speaker 20: have a talent on it, which if you've been with
Speaker 20: them for ten years, once you retire, you know your
Speaker 20: your If there any malpractice claims that happened while he
Speaker 20: was still working, they cover it. But also, without my
Speaker 20: knowing it, they had given me a two hundred thousand
Speaker 20: dollars long term care policy that I never knew I
Speaker 20: had until I retired.
Speaker 6: You know what's crazy, Tom, What do you think old
Speaker 6: folks home costs?
Speaker 1: Now?
Speaker 6: I mean honestly, it's it's it's like ten grand a
Speaker 6: month for some decent Isn't that incredible?
Speaker 1: Wow?
Speaker 4: Now, if somebody wants to know let me find this. Oh,
Speaker 4: I got to go back to this other call. Somebody
Speaker 4: called Bow went out about these sewer gases. Bow, You're
Speaker 4: there right, Yes, and there were terrible sewer gases coming
Speaker 4: from an apartment. They come from, how they come from,
Speaker 4: all over and I'm going to go over the major causes.
Speaker 4: But this one person says that in that apartment, in
Speaker 4: their mechanical room, if they have a water heater and
Speaker 4: a floor drain, something as simple as that floor drain
Speaker 4: evaporating and not having anything in it in the p
Speaker 4: trap could cause sewer gases to come back up into
Speaker 4: the apartment.
Speaker 1: And that's absolutely true.
Speaker 6: Did they have a mechanical room in there that could
Speaker 6: possibly be.
Speaker 18: Yeah, that's very astute. Whoever brought that up. I actually
Speaker 18: she had a floor drain. We did put water in
Speaker 18: it to make sure it's fall but she uses the
Speaker 18: floor drain, so the trap was not dry and there
Speaker 18: is no water heater. It's a big boiler in the
Speaker 18: basement of the apartment building that applies the domestic water
Speaker 18: to her apartment. I believe it's a cracked vent sewer
Speaker 18: vent line. It's supposed to terminate up on the roof
Speaker 18: of the building, but it's actually terminating on the fourth
Speaker 18: or fifth floor, and then when the HVAC system comes on,
Speaker 18: it's drawing the sewer gases from the broken vent pipe
Speaker 18: into her apartment.
Speaker 19: Yeah, hopefully, but.
Speaker 1: Just for other people listening.
Speaker 4: For people listening, you have roof fence on houses and
Speaker 4: condos and all kinds. Roof vents are for things to
Speaker 4: be able to drain. You can't drain something that's a
Speaker 4: closed system. It has to have air to drain. And
Speaker 4: roof fence are where the water goes down the gases
Speaker 4: go up, and what happens is when they're blocked, they
Speaker 4: can cause an odor. Another thing of floor drains, pea
Speaker 4: traps are you know, I often wonder why is there
Speaker 4: a circle of an s in my pipe, you know?
Speaker 4: And why does it look like it goes down and
Speaker 4: then back up again and back down again. And it's
Speaker 4: because it's called the pea trap. And really what that's
Speaker 4: meant to be is when you're completely drained, there's always
Speaker 4: some water in that pea.
Speaker 1: Trap, which causes sewer gases from coming back.
Speaker 4: But if you're in a house for a long time,
Speaker 4: and let's say you have a downstairs bathroom and it's
Speaker 4: never used at all, like we have that we never use,
Speaker 4: and I there was a terrible odor coming from it. Again, bo,
Speaker 4: what you said, especially when the heater air was on
Speaker 4: and I went back to that bedroom and thought what.
Speaker 6: Died in here?
Speaker 1: And it was nothing. I simply had to fill up.
Speaker 4: The shower drain with water and the gas has stopped immediately.
Speaker 4: So if you live in a big house and you're alone,
Speaker 4: or you live with a couple people, or you're an
Speaker 4: empty nes sure you know these floor drains literally have
Speaker 4: to be attended to. Now that might be in a
Speaker 4: mechanical room where your.
Speaker 1: Water heater is.
Speaker 4: You have to basically make sure that the floor drains
Speaker 4: are always filled with water. Now, I don't know, and
Speaker 4: I should ask a plumber this. Somebody told me a
Speaker 4: hack that they use to keep their pea traps full,
Speaker 4: and I'm not sure it's a good one, but this
Speaker 4: is what they do. They put mineral oil in it,
Speaker 4: and the mineral oil.
Speaker 1: Kind of.
Speaker 4: Keeps from evaporating. What are you seeing, Demetri? You know
Speaker 4: about that?
Speaker 11: Oh yeah, I've seen I've seen that. I've seen glycerin
Speaker 11: in there.
Speaker 6: Thish, Wait a minute, So mineral oil doesn't do any harm.
Speaker 23: No, it's just an inert to oil and it doesn't
Speaker 23: evaporate nearly as quickly as water.
Speaker 4: So if you turn the water on to drain like,
Speaker 4: it's not going to clog it up, but it'll just
Speaker 4: drawn through.
Speaker 11: It will just drain out like any other liquid.
Speaker 1: And it's not like, hey, bo, have you ever heard
Speaker 1: of that?
Speaker 19: I never have heard of someone putting oil in.
Speaker 18: Best thing to do is just put a little cup
Speaker 18: of water in your drains, especially basement shower drean.
Speaker 4: But we're talking about if you want it to last long,
Speaker 4: if you want it to last longer. I've heard people
Speaker 4: just use mineral oil, yeah, and they say it works
Speaker 4: really well.
Speaker 1: Have about some bleach?
Speaker 19: I think bleach would be corrosive?
Speaker 4: What thrill three seven one three talk seven one three
Speaker 4: eight two five five. So listen, somebody wants to know
Speaker 4: about somebody wants to know about this thing.
Speaker 1: Jordan, Oh, I know what it is.
Speaker 4: Hold on are they still doing become the banker with
Speaker 4: overfunding life insurance? And this is what this guy wants
Speaker 4: to know. He says he doesn't have a lot of
Speaker 4: money right now to put away monthly, but is it
Speaker 4: best to get the policy going and then overfund it
Speaker 4: when you get extra money, or wait until you have
Speaker 4: extra money to take it out.
Speaker 25: To begin with, great question. So first off, yes, we
Speaker 25: do to become the banker. Still absolutely those are two products,
Speaker 25: just the index nuity and to become the banker. But
Speaker 25: to the answer there, really it depends. I mean, for
Speaker 25: the client, it is always good to start putting that
Speaker 25: money at a younger point, so wherever his age is
Speaker 25: starting to build that cash value, now building it up.
Speaker 1: We have flexible okay, in these plans.
Speaker 4: But let me ask you this Sjordan, this is what
Speaker 4: I think he means. This is what I think he means.
Speaker 4: Let's say he takes out a life insurance policy that
Speaker 4: he intends to overfund, okay, on purpose. Then that grows
Speaker 4: tax free and you can take it out tax free
Speaker 4: later in life. Right, But let's talk about this on
Speaker 4: a regular insurance. If I came to you to do.
Speaker 6: It, does it start building cash value from the beginning
Speaker 6: or do I have to overfund it for that cash value?
Speaker 25: With our policies, it's from the beginning, so meaning that
Speaker 25: the cash value builds, especially ours, every month that they.
Speaker 1: Put a contribution to it.
Speaker 25: A good portion of that's going to their cash value
Speaker 25: regular whole life.
Speaker 4: So how little can they start with? How little can
Speaker 4: they start with?
Speaker 25: Yeah, I'd say for anybody over the age of twenty one,
Speaker 25: two hundred and fifty dollars a month, two hundred dollars
Speaker 25: a month kind of is that bare minimum mark just
Speaker 25: to have some growth, you know, if you're if obviously
Speaker 25: the more you put in, the better it looks. But
Speaker 25: anybody under that age, if they're doing it for children
Speaker 25: or that, they can get good with less money.
Speaker 1: But tell them what your dad did for you, Yeah,
Speaker 1: you know.
Speaker 25: And this is where my whole experience. I came in
Speaker 25: at sixteen years old looking to purchase my vehicle. My
Speaker 25: father funded it over the years, and it was right
Speaker 25: around that two hundred mark for mine at the time
Speaker 25: because he started when I was born, and I was
Speaker 25: able to finance my vehicle it's age sixteen, paid cash
Speaker 25: for it. But the rule was I had to call
Speaker 25: the first bank or whichever bank we had at that
Speaker 25: time and ask him, had I got a loan through them,
Speaker 25: what was that payment? What was that interest rate? And
Speaker 25: I'm sure you can guess he made me pay that
Speaker 25: same payment back to myself. So you could start at
Speaker 25: any point. Earlier the better. But these policies have flexibility
Speaker 25: to your question, Tom that you can dump money in
Speaker 25: later on if they don't have it upfront, we can
Speaker 25: build that into it upfront.
Speaker 1: Okay.
Speaker 4: So no matter what, when you start, you'll start building
Speaker 4: cash value and it can grow depending on how much
Speaker 4: you put into it extra and that money will always
Speaker 4: come back to you and there's only a small part
Speaker 4: of the money going toward the cost of insurance. The
Speaker 4: cost of insurance stays level, Is that true or not?
Speaker 1: That is true. Yes, with whole life it stays level.
Speaker 25: Universal life term those ones out there which we don't use,
Speaker 25: those are the ones that the cost increases as you
Speaker 25: get older.
Speaker 4: Okay, we have more coming up on the Troubleshooter Show.
Speaker 4: Three oh three seven one, three eight, two five five
Speaker 4: Go with a sure Thing Denver's Best Roofer Excel roofing
Speaker 4: dot com. You don't pay a cent until you're content.
Speaker 4: Time for an insurance checkup free, no obligation. In comparison,
Speaker 4: call compass insurance paying too much your coverage at dozens
Speaker 4: of insurance companies find out now three oh three, seven
Speaker 4: to seven to one help. You'll think you're his own
Speaker 4: only customer when you choose Frank durand the real estate
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Speaker 4: three oh three nine two zero sixteen twenty two. Hi
Speaker 4: Tom Martinez here, three oh three seven one three talks
Speaker 4: seven one three eight two five five.
Speaker 1: I forgot to turn my mic on. Sorry about that.
Speaker 6: No jokes.
Speaker 4: You know what I like is they can't make any
Speaker 4: Joe Biden jokes anymore because he's not around.
Speaker 1: So who you gonna make fun of? Huh?
Speaker 20: Hey, Tom, I have a question for you.
Speaker 1: Go ahead.
Speaker 20: What's your opinion on this thing about giving drivers licenses
Speaker 20: to illegal immigrants?
Speaker 1: Now, what do you think? I think?
Speaker 20: Well, I thought we have what do you be a
Speaker 20: good topic for discussion?
Speaker 1: Yeah?
Speaker 6: Well, first of all, who is even proposing this?
Speaker 1: Oh?
Speaker 20: I forget, it's the Democratic lawmakers in the in the
Speaker 20: in the legislature.
Speaker 1: You know. Here's the thing. Are you talking about the
Speaker 1: Colorado legislature?
Speaker 9: Right?
Speaker 6: Yes, here's what I want to know.
Speaker 4: Does Colorado do the legislators in Colorado look around and say,
Speaker 4: what's the most unpopular thing in the world? Right now,
Speaker 4: what's the stupidest thing in the world right now?
Speaker 1: What can ruin our state faster?
Speaker 6: And how can we look like complete frickin idiots?
Speaker 1: I know what, Let's do this.
Speaker 6: It's like, I don't know who elected these morons because
Speaker 6: when I look around this state, I don't see that
Speaker 6: many morons. I don't see that many idiots.
Speaker 4: But our legislature we are more liberal than California ever
Speaker 4: wanted to be. And I swear to God, It's like,
Speaker 4: it's what's going on on? When are we going to
Speaker 4: actually have the pendulum swing in this state? You know,
Speaker 4: by ally all, by all indications, we are ruining this state.
Speaker 4: We are ruining Denver, we are ruining everything we came
Speaker 4: here to live for.
Speaker 1: So what do I think about it?
Speaker 6: I think it's stupid.
Speaker 1: If somebody is here illegally, they're here illegally.
Speaker 4: If they're looking for a better life, I want them
Speaker 4: to find one. And I also want them to do
Speaker 4: the the asylum if they're if they're eligible and have
Speaker 4: a path to citizenship. I'm not against immigration. I'm an immigrant,
Speaker 4: my parents are immigrant, my parents, we're all immigrants.
Speaker 1: We're all.
Speaker 4: Here's what we're against people coming to this country and
Speaker 4: breaking the law. I don't even think a lot of
Speaker 4: people care that they came here illegally as much as
Speaker 4: they care about getting through. If they're criminals and liars
Speaker 4: and cheats and they come here and do more of
Speaker 4: their dastly deeds, it sucks, It really really sucks.
Speaker 20: Well, you know, I'm not as upset about the drive
Speaker 20: his licenses per se. What I'm worried about is that
Speaker 20: though going to be able to use those to register
Speaker 20: to vote, which is totally.
Speaker 4: Well on God, and tell me something, why would Democrats
Speaker 4: want to do that? You know, isn't the handwriting on
Speaker 4: the wall honest to God?
Speaker 1: I mean, can't we.
Speaker 6: See through these ruses right now?
Speaker 4: Can't we see that there's no other way for them
Speaker 4: other than to rely on thieves and criminals and murderers
Speaker 4: and then other people.
Speaker 1: I'm not saying they're all that, but it's amazing.
Speaker 4: Like when our mayor of Denver says he's going to
Speaker 4: block the people from Ice from coming in and taking
Speaker 4: away people, He's talking about the only people they want
Speaker 4: to take away are thugs and murderers.
Speaker 1: Why is it that we.
Speaker 6: Have politicians in this state that want to protect thieves
Speaker 6: and murderers?
Speaker 1: Why is that? Why? Well, tell me why. How is
Speaker 1: that humanitarian?
Speaker 6: How about protecting the citizens for God's sakes, how about
Speaker 6: protecting the citizens? How about doing your job and representing
Speaker 6: the electorate, the people who elected you the electorate.
Speaker 4: It's just amazing to me. I think that people have
Speaker 4: come from here, we have come. First of all, we
Speaker 4: were overly conservative, then we swung overly liberal. And why
Speaker 4: can't we just have it somewhere in the middle. Because
Speaker 4: lopsided government. We have a very dangerous set of lawmakers
Speaker 4: in this state, very dangerous.
Speaker 6: Now. I will say one thing, there are some good
Speaker 6: things that come from it, from you, and that is
Speaker 6: when it comes to consumer stuff and tenants.
Speaker 4: Some of the things they did were very, very good
Speaker 4: for them. And I think that you get frozen if
Speaker 4: you're too locked into one side or the other. But
Speaker 4: in any case, there's no side that's completely evil, no
Speaker 4: side that's completely good. All I want to see is
Speaker 4: some balance here. Do you guys, seriously, I know I
Speaker 4: have democrats and liberals listening to my show.
Speaker 6: Do you really like the way the state's going?
Speaker 4: Do you, honest to God, look at Colorado and say
Speaker 4: we're better off for the government we have. Do you
Speaker 4: see that can anyone truly say that we're going in
Speaker 4: the right direction as a state? Is it time to
Speaker 4: try something different? I'm not being hateful, I'm being realistic.
Speaker 4: Isn't it time to say, you know what, let's try
Speaker 4: something different? Three three, seven to one three talk seven one, three,
Speaker 4: eight to five five.
Speaker 1: Mark, you're being curiously silent. What do you think?
Speaker 6: Do you think.
Speaker 1: Colorado is changing?
Speaker 6: For the body who's entitled to their own political views
Speaker 6: and some people it works a democrat?
Speaker 4: Yes, it does. And do you think I'm asking about
Speaker 4: the state. Do you think we're moving in the right direction.
Speaker 1: The state of Colorado? Yeah?
Speaker 6: No, in the correct position. Do you think I think
Speaker 6: we're in a direction period?
Speaker 11: Yes?
Speaker 6: In fact, I was arguing with who was it? Oh,
Speaker 6: Dimitri is sitting next to you. It wasn't really an argument,
Speaker 6: but we were discussing. I think it was Dmitri Governor
Speaker 6: Polis and Polus has actually turned away or vetoed quite
Speaker 6: a few bills that the legislature here is put through
Speaker 6: that I thought was crazy. I mean, all of them,
Speaker 6: from gun stuff to other stuff. But he's actually vetoed
Speaker 6: him and I think about five years ago, I don't
Speaker 6: think he would have vetoed any i'mber whenever he came
Speaker 6: into office.
Speaker 1: So what was the argument with Dmitri.
Speaker 6: Well, he didn't realize. I just think Dmitri didn't realize
Speaker 6: how many things Polis actually vetoed. That he was probably
Speaker 6: glad vetoed is right, Dmitri was let me let me sorry, let.
Speaker 1: Me ask Dmitri here, Dmitri go ahead.
Speaker 23: I think the divergence between Marx and mine opinion was
Speaker 23: that from what I recall, Poulis really hadn't vetoed an
Speaker 23: impressive number of bills. And I think Mark thinks that
Speaker 23: he and I haven't researched it. But I think Mark
Speaker 23: erroneously thinks that Polus vetoed a substantial number of bat.
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Speaker 1: You don't pay a cent until you're content.
Speaker 4: Time for an insurance checkup free no obligation comparison call
Speaker 4: Compass Insurance paying too much your coverage at dozens of
Speaker 4: insurance companies find out now three oh three, seven to
Speaker 4: seven to one help. You'll think you're his only customer
Speaker 4: when you choose Frank durand the Real Estate Man dot
Speaker 4: com to list your home with Remax Alliance three oh
Speaker 4: three nine two zero sixteen twenty two.
Speaker 6: Helloo, Tom Martinez.
Speaker 5: Here at three oh three, seven to one to three
Speaker 5: talk seven one three eight two five five.
Speaker 6: Somebody says here that there was a lady I don't
Speaker 6: know this is true who won the lottery. She didn't
Speaker 6: tell her husband. She divorced him, and the husband found
Speaker 6: out after the divorce, and she was getting monthly installments
Speaker 6: of sixty eight thousand dollars and the ex husband suit
Speaker 6: her for half. And according to this, the judge was
Speaker 6: so upset with the lady for hiding assets she granted
Speaker 6: the entire amount to him. I don't know if that's possible,
Speaker 6: but anyway, that comes from somebody on a text now,
Speaker 6: speaking of which, a serious question for Jordan Kiano, who's
Speaker 6: here about fixed indextenuities and uh overfunding life insurance. They
Speaker 6: want to know about beneficiaries. Okay, if you if you
Speaker 6: put a benefit sure on that annuity and you don't
Speaker 6: renew it and you forget about it, do you know
Speaker 6: if the estate can change it or not? Do you
Speaker 6: know anything about that?
Speaker 25: You know, that's a little bit more of a gray
Speaker 25: area for me. I know with like typically a situations
Speaker 25: like that, it would go to the estate from my understanding,
Speaker 25: unless you had something in a will or or within
Speaker 25: a trust, which they would have already had that as
Speaker 25: beneficiary most likely for the trust.
Speaker 6: Who do most people name?
Speaker 9: Is?
Speaker 6: Who? To most people name is their beneficiaries their spouse, Yeah,
Speaker 6: their spouse.
Speaker 25: And this is a good rule of thumb that we
Speaker 25: practice as most people should look out on their own
Speaker 25: plans as well. Always have a primary and a contingent,
Speaker 25: at least one of each for this exact reason, because
Speaker 25: a primary would be most likely your spouse or significant other,
Speaker 25: and then the contingent typically children, typically family members thereafter,
Speaker 25: you always want to have those two on there. So
Speaker 25: that is a very big rule at our practice here.
Speaker 25: But that definitely for anybody who has anything out there
Speaker 25: life insurance wise, you know, annuity wise, to make sure
Speaker 25: you haven't.
Speaker 6: And I can answer this one. Somebody else wanted to know,
Speaker 6: can a trust own an annuity?
Speaker 1: And the answer is yes, yep, that is correct.
Speaker 6: Is long yep, they can own an annuity. And then
Speaker 6: this one came in weeks ago, but.
Speaker 1: I put it aside for us.
Speaker 4: They said, I have qualified money already. Now listen very carefully.
Speaker 4: It's not involving you, but I want you to listen.
Speaker 4: They inherited qualified money. That means when you inherit qualified money,
Speaker 4: you don't get to.
Speaker 1: Keep it qualified.
Speaker 4: You have to distribute it over a ten year period
Speaker 4: to yourself. So when you inherit, remember this, because they
Speaker 4: don't want you to inherit, for example, a roth or
Speaker 4: some other kind of tax free money and keep it
Speaker 4: there forever. You have to literally get paid out over
Speaker 4: a ten year period. And for each payment you get paid,
Speaker 4: you have to pay taxes on. So picture someone who
Speaker 4: has an account that they inherited. Okay, let's say it's
Speaker 4: from their dad and it's one hundred grand. They have
Speaker 4: to literally pay themselves out ten thousand a year, or
Speaker 4: fifty thousand for two years, or twenty five thousand for
Speaker 4: four years, whatever, they have to pay themselves out before
Speaker 4: ten years.
Speaker 6: Did you understand that, Jordan.
Speaker 1: Yes, I did. Now that's correct. Yeah.
Speaker 6: Now, one of these people they were put into an annuity.
Speaker 6: And what I want to know is isn't that weird
Speaker 6: or do you think that's not a bad idea. I
Speaker 6: don't know one way or the other. I was told
Speaker 6: that when it goes into an annuity.
Speaker 4: Now she's forced to take that ten percent distribution, that
Speaker 4: ten percent withdrawal every year to make the schedule of
Speaker 4: paying it out to herself.
Speaker 6: But if she does that, does that that's only going
Speaker 6: to extinguish the annuity at the end of the ten years.
Speaker 1: Does that make sense? That does so?
Speaker 6: Was that a wise move or not?
Speaker 25: You know, I think that is a little I personally
Speaker 25: don't think that would be the best route if they
Speaker 25: already are in that phase of getting that money distributed
Speaker 25: to them from their father, let's say, because at that point,
Speaker 25: just like you're saying, you're going to have to pay
Speaker 25: taxes no matter what, you know, you can't defer that anymore.
Speaker 1: And so this happens.
Speaker 4: So let me ask you this, though, So let's say
Speaker 4: they put one hundred grand into an annuity and then
Speaker 4: they have to start drawing it down in a year
Speaker 4: or two by a minimum amount every year. Does the
Speaker 4: rest of the money still keep working for them? And
Speaker 4: is it possible at the end of their ten year
Speaker 4: draw down, is it possible they still have money in
Speaker 4: there from the earnings.
Speaker 1: Yes, it is.
Speaker 25: It is possible because the money will still sit there
Speaker 25: accruing interest just like on that account A and account
Speaker 25: be we were talking about earlier. So you're still going
Speaker 25: to earn growth on that money that's sitting there. But
Speaker 25: the money that they're distributing it and taking out withdrawals,
Speaker 25: that is the money that, as you mentioned, they're going
Speaker 25: to be having taken those distributions and paying those taxes on.
Speaker 6: So yeah, and I think when you said it could
Speaker 6: be in a trust, help me out there. I mean,
Speaker 6: if you had a family trust set up, you're saying
Speaker 6: an annuity could sit in there and pay out forever.
Speaker 6: Then I don't care who dies. It's a trust, it's
Speaker 6: it's an LLC, so that is possible. No, that's not no, no, no,
Speaker 6: it's put into the trust, but it's according to the
Speaker 6: So if I put it into my trust, it just
Speaker 6: means that the money goes to the trust. Okay, it
Speaker 6: won't go trust trust.
Speaker 4: No, it's not like a person where if the trust
Speaker 4: is a lie forever, they're gonna get paid to month.
Speaker 4: What it means is the remainder goes into the trust
Speaker 4: the month that the trust will not get monthly payment.
Speaker 25: Death benefit right, yeah, pay out trust.
Speaker 1: So if you're if your annuity is in a trust.
Speaker 4: You're annuity is paid to you monthly until and then
Speaker 4: when you die, the remainder instead of going to one
Speaker 4: person or one benefit and it goes to your trust,
Speaker 4: and then the trustee would then dictate or the trust
Speaker 4: document what happens to that remainder money. We have more
Speaker 4: coming up on the Troubleshooter Show. Three oh three seven one,
Speaker 4: three eight two five five.
Speaker 6: All right, let me go to Susan real quick before
Speaker 6: we run out of time. Susan, I'm Tom Martinez. What's
Speaker 6: going on?
Speaker 24: Yes, Tom, I was in an accident with minor children
Speaker 24: about three years ago and we're coming to the settlement
Speaker 24: and word has it that we have all the kids'.
Speaker 16: Money must go into probate. So I was wondering if
Speaker 16: there's a difference between trust.
Speaker 6: And yeah, okay, well when they say it goes when Susan,
Speaker 6: when they say it goes into probate, it's not exactly
Speaker 6: the same kind of probate you're thinking about. After that,
Speaker 6: it's it goes, it goes into the probate court, so
Speaker 6: it's not mishandled by other people. If it's earmarked for
Speaker 6: the kids, and each child then Probate court is somewhere
Speaker 6: you go to make distributions and to control it all.
Speaker 6: All it is is a place where if someone disagrees
Speaker 6: with what's being done, they have a place to file
Speaker 6: to question it.
Speaker 4: It's kind of like the oversight. It's not the trustee.
Speaker 4: So but here, I don't think you have a choice.
Speaker 4: You can't take it out of probate. I mean, that's
Speaker 4: just what happens with miners who are awarded these kinds
Speaker 4: of damages. Now do you know if it's one is
Speaker 4: it separated per minor or is it one lump sum?
Speaker 16: Do you know it's it's going to be separate? Well,
Speaker 16: I guess it's that our decisions, our discretion.
Speaker 4: Did they say, Susan, did they tell you you had
Speaker 4: a choice and you could put it in a trust
Speaker 4: if you wanted to.
Speaker 16: No, they just said probate right.
Speaker 1: Right, But you pictured probate court. I know what you pictured.
Speaker 4: Probate is simply the process it goes into here for
Speaker 4: a process. So in other words, you can't form a
Speaker 4: trust and say, oh no, I don't want it going
Speaker 4: to probate instead, I wanted to go to our trust.
Speaker 1: That's not the way it works.
Speaker 6: Got it.
Speaker 1: So what did they tell you about the probate.
Speaker 16: That the kids awards would have to go based off
Speaker 16: of the decision we made on the division of the
Speaker 16: the monetary amounts that each child would get, but one
Speaker 16: child is getting a larger because they sisting extensive.
Speaker 4: Okay, now, let me explain this to you because I
Speaker 4: just I'm getting out my notes from a previous call.
Speaker 4: It's to protect the miners' interest, and miners can't legally
Speaker 4: do any of their own finances. Once they're no longer
Speaker 4: a minor, they don't have to keep it in probate,
Speaker 4: so it just keeps you or the adults around them
Speaker 4: from touching it until they become of age. We can
Speaker 4: explore this more tomorrow if you want, save all your
Speaker 4: problems for me.