WEBVTT 1 00:00:00.560 --> 00:00:10.560 Yea ripped up news needed by, so you don't have 2 00:00:12.759 --> 00:00:17.440 come runing just as fast as we can. Shooter's gonna 3 00:00:17.519 --> 00:00:18.399 help come. 4 00:00:19.000 --> 00:00:19.239 Man. 5 00:00:19.960 --> 00:00:28.239 This is the Troubleshooter Show now, Tom Martine. 6 00:00:27.519 --> 00:00:30.280 Hey, Tom Martino here, Welcome to the show. Three oh 7 00:00:30.359 --> 00:00:32.840 three seven one three talk seven one three eight two 8 00:00:32.880 --> 00:00:33.520 five five. 9 00:00:34.359 --> 00:00:35.920 We're here to talk about. 10 00:00:35.600 --> 00:00:39.600 Anything near and dear to your heart and your pocketbook, 11 00:00:39.640 --> 00:00:43.079 the things that tick you off and the things that 12 00:00:43.200 --> 00:00:43.960 make you tick. 13 00:00:44.359 --> 00:00:45.320 Welcome, one and all. 14 00:00:45.399 --> 00:00:47.840 We are streaming on YouTube, as we do every day 15 00:00:47.840 --> 00:00:49.159 with my YouTube morons. 16 00:00:49.479 --> 00:00:50.640 You can be a moron too. 17 00:00:51.000 --> 00:00:52.719 If you go to YouTube, you just look up the 18 00:00:52.719 --> 00:00:57.280 Troubleshooter Show or Troubleshooter Network and you'll find us. It's 19 00:00:57.320 --> 00:01:00.960 also you can search referral list. So welcome my morons, 20 00:01:00.960 --> 00:01:04.640 one and all. And also they want me to and 21 00:01:04.719 --> 00:01:06.400 I don't know how to say this, but we have 22 00:01:06.439 --> 00:01:09.480 a Discord going on and Tim always asked me to 23 00:01:09.560 --> 00:01:13.319 promote that discord, and I just need to know how 24 00:01:13.359 --> 00:01:15.879 I send people to Discord. I'm not sure, but we 25 00:01:15.959 --> 00:01:21.480 do have a Troubleshooter group at Discord and we invite 26 00:01:21.480 --> 00:01:24.680 you to join that. So today we have a guest 27 00:01:24.760 --> 00:01:28.439 that's important about estate planning. But we're also going to 28 00:01:28.439 --> 00:01:34.200 touch base with our accountants on last minute tax things. 29 00:01:34.719 --> 00:01:38.560 A lot of people are extending. Nothing wrong with that. 30 00:01:38.799 --> 00:01:45.239 Extensions are somewhat automatic, but you don't extend the time 31 00:01:45.319 --> 00:01:48.799 to pay. Ever, remember that you never extend the time 32 00:01:48.840 --> 00:01:52.000 to pay. So give us a call one and all 33 00:01:52.400 --> 00:01:55.159 three oh three, seven to one to three talk three 34 00:01:55.159 --> 00:01:58.200 oh three, seven to one, three eight, two five five, 35 00:01:58.560 --> 00:02:00.480 and we'll be happy to talk. 36 00:02:00.200 --> 00:02:01.200 To you about your problem. 37 00:02:01.239 --> 00:02:03.319 You can always call three oh three Martino as well, 38 00:02:04.560 --> 00:02:07.359 three oh three six two seven eight four sixty six, 39 00:02:07.840 --> 00:02:10.759 and you can call that twenty four to seven and 40 00:02:10.840 --> 00:02:15.319 we'll get you on the air. You know, I was 41 00:02:15.360 --> 00:02:22.479 shocked to hear that Lebron James and Stephen Curry are 42 00:02:22.520 --> 00:02:26.360 no longer the top selling jerseys in the NBA. This 43 00:02:26.479 --> 00:02:29.879 is just a side note, you know. I'll be honestly, 44 00:02:29.919 --> 00:02:32.199 I'm a fairweather fan. I just got interested in the 45 00:02:32.280 --> 00:02:35.439 Nuggets recently. I used to be interested in him years ago, 46 00:02:36.159 --> 00:02:38.840 and then of course with the Joker and the team 47 00:02:38.879 --> 00:02:43.840 they have now, I got reinterested. And uh, where do 48 00:02:43.879 --> 00:02:51.240 you think Jokick the Joker falls in jersey sales and 49 00:02:52.919 --> 00:02:59.680 the number one Laker, Luca Luca Donzik he is the 50 00:02:59.759 --> 00:03:03.319 numb number one, or Don Kick Don Kick, he's the 51 00:03:03.439 --> 00:03:07.639 number one Jersey seller. And Stephen Curry's number two. Then 52 00:03:07.759 --> 00:03:11.000 Lebron James. But these other guys, I'm not really a 53 00:03:11.000 --> 00:03:15.039 big NBA guy, but Jokick is number ten. So you 54 00:03:15.159 --> 00:03:19.280 have one, two and three, which is Luca, Seph Curry, 55 00:03:19.639 --> 00:03:23.360 Lebron James. Then you have Jason Tatum, of course he's 56 00:03:23.400 --> 00:03:28.719 great with Boston. And then you have Jalen Brunson and 57 00:03:28.879 --> 00:03:33.400 Victor went Banan Yama, what the hell I mean anyway, Then. 58 00:03:33.240 --> 00:03:35.120 Then you have then you have. 59 00:03:36.759 --> 00:03:40.360 Yeah Shay I believe his name is, and then you 60 00:03:40.439 --> 00:03:41.680 I don't know how to pronounce the name. And then 61 00:03:41.719 --> 00:03:45.439 you have Nicola Jokick and he's number ten. 62 00:03:46.400 --> 00:03:47.479 So I was just uh. 63 00:03:47.919 --> 00:03:51.240 I was just shocked because Lebron James for because the 64 00:03:51.319 --> 00:03:53.360 name's school, the Jersey School. 65 00:03:53.560 --> 00:03:54.680 I was shocked to hear that. 66 00:03:55.840 --> 00:04:02.280 And speaking of sports, the only time I become interested. 67 00:04:03.479 --> 00:04:05.199 In golf is during the Masters. 68 00:04:06.039 --> 00:04:08.639 And by the way, if you're trying to call in, 69 00:04:09.000 --> 00:04:12.560 our phones are temporarily down, just temporarily, but we'll let 70 00:04:12.599 --> 00:04:13.800 you know when they're up and running. 71 00:04:13.840 --> 00:04:16.000 We're having some phone issues. 72 00:04:16.279 --> 00:04:23.040 So anyway, when we're talking about the Masters, you had. 73 00:04:22.879 --> 00:04:23.759 This what was that? 74 00:04:23.800 --> 00:04:27.240 The Susan Lucci of Masters. He's been at the Masters 75 00:04:27.279 --> 00:04:29.519 for years and years and years and years and just 76 00:04:29.560 --> 00:04:34.160 one and I'm telling you it was really fun to watch. 77 00:04:34.720 --> 00:04:37.120 And the reason I bring up the Masters is not 78 00:04:37.279 --> 00:04:42.680 because of the Masters, but because of because of this 79 00:04:42.800 --> 00:04:47.279 woman who lives next door or near the golf course. 80 00:04:47.800 --> 00:04:52.519 And people are selling their homes to the Masters, or 81 00:04:52.560 --> 00:04:55.759 to this golf course, or to whoever the developer is. 82 00:04:56.000 --> 00:04:59.639 They're selling their homes because they want to expand the 83 00:04:59.720 --> 00:05:04.680 Massters property. But a ninety year old, ninety two year 84 00:05:04.720 --> 00:05:11.120 old woman who her home is near Augusta National and 85 00:05:11.160 --> 00:05:13.560 they want to expand the golf course. They have offered 86 00:05:13.560 --> 00:05:17.879 her more than one million dollars for a tiny brick 87 00:05:17.959 --> 00:05:23.240 bungalow that I think she bought for ten to twelve grand. 88 00:05:25.439 --> 00:05:29.680 She will not sell, she says, I'm sorry, I will 89 00:05:29.720 --> 00:05:35.120 not sell. The home is actually valued at about three 90 00:05:35.199 --> 00:05:39.360 hundred and she bought it probably for around twelve it 91 00:05:39.480 --> 00:05:43.839 says ten to twelve. And she's ninety two and is 92 00:05:43.879 --> 00:05:50.480 turning down one million dollars or more than one million dollars. 93 00:05:51.439 --> 00:05:55.399 So that's Elizabeth Thacker. She says, I don't want to 94 00:05:55.439 --> 00:05:58.800 sell my home. I know that the Masters is a 95 00:05:58.839 --> 00:06:00.800 good thing and they want to expect, but I don't 96 00:06:00.800 --> 00:06:03.680 want to leave my home. I don't want to sell 97 00:06:03.720 --> 00:06:08.399 my home. She's lived in it for years. It's less 98 00:06:08.439 --> 00:06:11.040 than a mile away. But they're buying up all the 99 00:06:11.120 --> 00:06:13.399 property around them, and. 100 00:06:13.399 --> 00:06:14.560 Of course there are a lot. 101 00:06:14.439 --> 00:06:20.800 Of holdouts for money, and they offered her more than 102 00:06:20.839 --> 00:06:21.839 a million dollars. 103 00:06:21.879 --> 00:06:23.560 It's a little three bedroom house. 104 00:06:23.839 --> 00:06:26.879 She raised all her children there and says, no too 105 00:06:26.920 --> 00:06:31.920 many memories there, and my husband died here. Money ain't everything, 106 00:06:32.040 --> 00:06:36.879 she said, we really don't want to go. So that's 107 00:06:36.920 --> 00:06:41.439 the story. That's why I mentioned the Masters I have 108 00:06:41.560 --> 00:06:43.120 with me today. I'm going to bring them up here 109 00:06:43.160 --> 00:06:47.920 if you're streaming a guest and we'll talk about a 110 00:06:48.000 --> 00:06:53.319 state planning. Dan McKenzie's with us and Dan has co 111 00:06:53.680 --> 00:06:56.360 plans dot Co and Kachina. Let me know when the 112 00:06:56.360 --> 00:06:59.279 phones are up and running. We do want to talk 113 00:06:59.319 --> 00:07:03.720 about a lot of things. The facts here. Oh they're 114 00:07:03.800 --> 00:07:06.399 up there. Okay, the phones are now working. If you're 115 00:07:06.399 --> 00:07:08.000 trying to get through, you can get through now. At 116 00:07:08.000 --> 00:07:10.600 three ozho three seven to one three talk three oh 117 00:07:10.600 --> 00:07:13.120 three seven one three eight two five five. Now that's 118 00:07:13.160 --> 00:07:16.240 the iHeart number. That's good every day during the show. 119 00:07:16.279 --> 00:07:18.600 And then three oh three Martino is good twenty four 120 00:07:18.600 --> 00:07:20.839 to seven, three oh three six two seven eight four 121 00:07:20.879 --> 00:07:22.879 sixty six. I just happen to have some facts I 122 00:07:22.959 --> 00:07:25.879 put away some texts. I say, facts that shows in age, 123 00:07:25.959 --> 00:07:28.439 right my text. Somebody wants to know, does in a 124 00:07:28.560 --> 00:07:30.600 state have to file a tax return? 125 00:07:30.759 --> 00:07:33.279 That that's really I never even thought of that. So 126 00:07:33.959 --> 00:07:34.319 they do. 127 00:07:34.519 --> 00:07:36.319 Yeah, if they're earning income. 128 00:07:36.120 --> 00:07:40.399 Sure, okay, But if the if someone dies that year, 129 00:07:40.680 --> 00:07:45.000 let's say they died in twenty four, in September or October, 130 00:07:45.120 --> 00:07:47.600 you know, August or whatever, do they does that dead 131 00:07:47.639 --> 00:07:50.199 person have to file does the estate file for that 132 00:07:50.319 --> 00:07:54.160 dead person? For the deceased person, they file a tax return. 133 00:07:54.279 --> 00:07:56.319 Yeah, so there can be two because yeah, you can 134 00:07:56.319 --> 00:07:58.240 file for the income they earned while they're still alive, 135 00:07:58.279 --> 00:08:00.680 and then if they're still learning income afterwards, it's okay. 136 00:08:01.000 --> 00:08:03.120 So if the estate's aren't even have that separate, but 137 00:08:03.360 --> 00:08:06.720 they do file a tax return for the year they died, 138 00:08:07.480 --> 00:08:12.040 and the personal representative does that yep, And when you 139 00:08:12.120 --> 00:08:16.959 do this return, if taxes are owed, the estate literally 140 00:08:17.240 --> 00:08:20.800 has to pay the taxes. So the two sure things 141 00:08:20.839 --> 00:08:24.879 death and taxes, and taxes can actually follow you after death, 142 00:08:24.959 --> 00:08:27.639 your estate will have to pay for what you made 143 00:08:27.879 --> 00:08:28.759 in the year you died. 144 00:08:29.480 --> 00:08:31.439 Okay, So now the estate pays. 145 00:08:32.039 --> 00:08:35.440 Now the estate has some income and some passive investments, 146 00:08:35.639 --> 00:08:37.759 and they're trying to settle the estate. Now we move 147 00:08:37.799 --> 00:08:42.399 into twenty twenty five, So this year the estate makes money. 148 00:08:42.399 --> 00:08:46.559 What happens before April fifteenth, twenty twenty six. 149 00:08:47.440 --> 00:08:50.000 Yeah, I mean the estate will have if it. 150 00:08:49.960 --> 00:08:53.519 Has is it the estate of xy of Johnson. 151 00:08:54.279 --> 00:08:57.000 It's a different Yeah, it's a different return than the ten. 152 00:08:57.000 --> 00:08:59.840 Forty it's do you do those I do not. 153 00:09:00.200 --> 00:09:03.080 Some attorneys do, but we usually refer CPAs to do it. 154 00:09:03.279 --> 00:09:03.600 Okay. 155 00:09:03.639 --> 00:09:06.679 So as long as the estate is open and earning income, 156 00:09:06.879 --> 00:09:08.679 it must pay correct. 157 00:09:09.039 --> 00:09:09.399 Okay. 158 00:09:09.960 --> 00:09:12.639 Now the other thing, and by the way, three oh 159 00:09:12.720 --> 00:09:15.200 three seven to one three talk. I know some people 160 00:09:15.639 --> 00:09:17.440 were trying to get in and they texted me said 161 00:09:17.440 --> 00:09:19.120 they couldn't three oh three seven one three eight two 162 00:09:19.159 --> 00:09:19.519 five five. 163 00:09:19.559 --> 00:09:22.200 The phones are now working. So when. 164 00:09:24.519 --> 00:09:28.440 Assets are distributed, I always tell people you can gift 165 00:09:28.480 --> 00:09:30.399 as much as you want to your people right now, 166 00:09:30.480 --> 00:09:33.559 you can. You can leave money to your people. You 167 00:09:33.600 --> 00:09:36.000 don't pay the people who receive it pay no tax? 168 00:09:36.120 --> 00:09:36.519 Is that right? 169 00:09:36.720 --> 00:09:36.840 Right? 170 00:09:37.480 --> 00:09:41.440 The only time you pay tax on an inheritance, I'm 171 00:09:41.480 --> 00:09:47.120 told is when tax has not been paid on what 172 00:09:47.159 --> 00:09:47.879 you're inheriting. 173 00:09:48.080 --> 00:09:50.679 Does that make sense? Is am I saying that correctly? 174 00:09:50.759 --> 00:09:51.000 Yeah? 175 00:09:51.080 --> 00:09:51.879 Retirement accounts? 176 00:09:51.879 --> 00:09:52.000 Sir? 177 00:09:52.440 --> 00:09:55.159 So if you if you inherit a retirement account? Yeah? 178 00:09:56.679 --> 00:09:58.960 Does it be if they had a four oh one 179 00:09:59.039 --> 00:10:02.080 K and I inherit a four oh one K from 180 00:10:02.120 --> 00:10:04.720 an estate? Do I now have a four to one k? 181 00:10:05.919 --> 00:10:08.600 Yes? But it's inherited, and so. 182 00:10:08.159 --> 00:10:09.080 So what is it? 183 00:10:09.080 --> 00:10:11.799 Does it become Tom Martino's four oh one k? Or 184 00:10:11.879 --> 00:10:14.080 is it John Smith who dies four one Kay's? 185 00:10:14.480 --> 00:10:16.159 It's your inherited four oh one k? 186 00:10:16.440 --> 00:10:18.919 So what do I do with an inherited four oh 187 00:10:18.919 --> 00:10:22.039 one K for a one If they didn't pay tax 188 00:10:22.120 --> 00:10:25.360 on that, that's tax deferred. Do I start taking income 189 00:10:25.440 --> 00:10:26.919 on that? What do I do with it? Or can 190 00:10:26.960 --> 00:10:27.679 I just keep it? 191 00:10:27.720 --> 00:10:29.919 Can I roll it into mine? Okay? 192 00:10:29.960 --> 00:10:31.840 No? So what do you do? That's one of the 193 00:10:31.879 --> 00:10:34.879 texts here. I inherited a four oh one K. Actually 194 00:10:35.039 --> 00:10:36.960 they inherited an ira, but it would be the same, 195 00:10:36.960 --> 00:10:37.480 wouldn't it. 196 00:10:37.480 --> 00:10:40.159 It depends on if it's traditional or ofth but yes. 197 00:10:40.000 --> 00:10:42.879 You know it's traditional, so okay, so I inherit this 198 00:10:43.000 --> 00:10:43.799 what happens. 199 00:10:44.360 --> 00:10:46.919 So you have ten years under they Secure Act, which 200 00:10:46.960 --> 00:10:48.440 was passed in two thousand and seven. So I have 201 00:10:48.480 --> 00:10:51.240 ten years to do what nineteen to withdraw all the 202 00:10:51.240 --> 00:10:52.039 funds and. 203 00:10:52.120 --> 00:10:53.919 I and as I withdraw them. 204 00:10:53.919 --> 00:10:56.080 Yeah, you're declaring that as income. 205 00:10:56.320 --> 00:10:58.720 So if I wanted to withdraw. 206 00:10:58.360 --> 00:11:00.639 Only a very little of it, I can. I don't 207 00:11:00.679 --> 00:11:02.879 have to do them in ten even payments. 208 00:11:03.080 --> 00:11:05.759 There is a minimum distribution. It's kind of a silly formula. 209 00:11:05.960 --> 00:11:08.600 Even if you're an under seventy two, there's a minimum distribution. 210 00:11:08.840 --> 00:11:11.279 Yeap, And what's the formula? So it's exhausted. 211 00:11:11.799 --> 00:11:15.240 It's based on your age. Okay, I'm fifty, I've got 212 00:11:15.480 --> 00:11:17.480 you know, a thirtieth. They're gonna assume I'm gonna look 213 00:11:17.480 --> 00:11:19.679 to be about eighty two. So I withdraw that for 214 00:11:19.720 --> 00:11:21.320 the first nine years, and then in the tenth year, 215 00:11:21.320 --> 00:11:22.919 I gotta take the balance. So there could be some 216 00:11:22.960 --> 00:11:24.440 strategies in there because I don't want to leave it 217 00:11:24.480 --> 00:11:27.000 all for the tenth year and potentially bump myself up 218 00:11:27.039 --> 00:11:27.720 a tax bracket. 219 00:11:27.759 --> 00:11:30.879 Well, but presumably as you get older, your income's lower, 220 00:11:30.919 --> 00:11:32.360 so you would want to do it maybe. 221 00:11:32.240 --> 00:11:34.000 If I'm fifty, If I inherit it when I'm fifty 222 00:11:34.000 --> 00:11:36.039 and I'm still sixty, I'm probably still earning income. 223 00:11:36.240 --> 00:11:41.039 Okay, So anyway, you have ten years with inherited qualified 224 00:11:41.120 --> 00:11:43.960 money to distribute it to yourself and to. 225 00:11:43.919 --> 00:11:44.799 Pay tax on it. 226 00:11:44.919 --> 00:11:45.279 Correct. 227 00:11:46.879 --> 00:11:50.679 Yeah, okay, so except roths. Roths are also you're constrained 228 00:11:50.679 --> 00:11:52.080 to ten years, but you're not paying tack. 229 00:11:52.159 --> 00:11:54.440 Can you take the four to one K or the 230 00:11:54.480 --> 00:11:58.399 IRA in year one and invest it in something else? 231 00:11:58.960 --> 00:12:01.919 But you have to pay tax on it, but no penalty, 232 00:12:02.120 --> 00:12:03.919 even if you're under fifty nine oh a half. 233 00:12:03.960 --> 00:12:06.240 They want you to they want you to write, they 234 00:12:06.240 --> 00:12:07.840 want you to take that money on pay those taxes. 235 00:12:07.840 --> 00:12:10.120 There's no penalty. This is that though Kirst new it 236 00:12:10.200 --> 00:12:10.759 was for his dad. 237 00:12:11.080 --> 00:12:13.000 So if I'm under fifty nine and a half, I 238 00:12:13.159 --> 00:12:16.600 take that money anyway, and it's not considered early withdrawn. 239 00:12:16.200 --> 00:12:18.200 Not a penalty, but you're you know, again, you might 240 00:12:18.240 --> 00:12:20.960 bump yourself up some tax brackets by taking you know 241 00:12:21.159 --> 00:12:22.000 several hundred. 242 00:12:21.720 --> 00:12:24.279 Thousand atat of time. Heather, welcome to the show. 243 00:12:24.840 --> 00:12:27.320 You're having a problem with a general contractor. 244 00:12:27.320 --> 00:12:28.679 What's going on, Heather. 245 00:12:29.840 --> 00:12:36.440 Well, I started with him in February of two thousand 246 00:12:36.480 --> 00:12:37.919 and twenty two. 247 00:12:38.000 --> 00:12:42.159 I believe, my goodness, what are you having Just tell 248 00:12:42.159 --> 00:12:43.879 me what you're having done, and we'll come back and 249 00:12:43.879 --> 00:12:46.000 give you time to explain the whole thing. What are 250 00:12:46.000 --> 00:12:47.759 you having done with this contractor? 251 00:12:48.600 --> 00:12:52.960 I had him remove an old woodstove and put in 252 00:12:53.039 --> 00:12:53.559 a new one. 253 00:12:54.960 --> 00:12:55.440 That's all. 254 00:12:55.759 --> 00:12:59.399 That's that's all, entire, entirety. And it started in twenty 255 00:12:59.440 --> 00:12:59.879 twenty two. 256 00:13:01.159 --> 00:13:05.120 Yeah, and and and put in a tile, you know, 257 00:13:05.440 --> 00:13:09.120 for fire safety on the wall. 258 00:13:09.240 --> 00:13:11.159 Okay, what is the what is the name of the 259 00:13:11.200 --> 00:13:14.159 contractor that you hired in twenty twenty two to do 260 00:13:14.200 --> 00:13:14.919 this woodstove? 261 00:13:15.799 --> 00:13:19.240 Your business is called Anthony's Chimney Service. 262 00:13:20.679 --> 00:13:22.120 Anthony's Chimney Service. 263 00:13:22.360 --> 00:13:25.399 Okay, hold on and we'll come back to you and 264 00:13:25.440 --> 00:13:27.919 figure out what's going wrong and how we can help you. 265 00:13:28.000 --> 00:13:30.679 Three oh three seven one three eight two five five. 266 00:13:30.720 --> 00:13:33.000 This hour brought to you by waterpros dot net the 267 00:13:33.080 --> 00:13:36.679 absolute best water systems at the lowest prices. 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In comparison, call Compass Insurance paying too 276 00:14:09.159 --> 00:14:12.200 much your coverage at dozens of insurance companies find out 277 00:14:12.240 --> 00:14:14.000 Now three oh three seven seven to one. 278 00:14:14.120 --> 00:14:14.360 Help. 279 00:14:14.519 --> 00:14:17.159 You'll think you're his only customer when you choose Frank 280 00:14:17.240 --> 00:14:19.679 durand the real estate Man dot com to list your 281 00:14:19.720 --> 00:14:22.840 home with Remax Alliance three oh three nine two zero 282 00:14:23.000 --> 00:14:29.919 sixteen twenty two. Hi Tom Martine here three oh three 283 00:14:30.120 --> 00:14:34.080 seven one three talk seven one three eight two five five. 284 00:14:34.559 --> 00:14:41.559 So Heather hired the Chimney Service to replace a wood 285 00:14:41.639 --> 00:14:44.519 stove in twenty twenty two. 286 00:14:44.639 --> 00:14:48.720 Continue your story, Heather, I. 287 00:14:48.679 --> 00:14:51.080 Got the I got the year run. It's twenty twenty three, 288 00:14:51.120 --> 00:14:55.200 but in February, Hey, I the reason they haven't replaced 289 00:14:55.240 --> 00:14:59.200 is that the wood show I had was large and 290 00:14:59.240 --> 00:15:01.679 you can't have a large wood stove in a small 291 00:15:01.720 --> 00:15:06.559 house because it's not safe. Number one, you have to 292 00:15:06.639 --> 00:15:09.000 run it at a certain temperature for it to be safe. 293 00:15:09.360 --> 00:15:11.679 And if you run a big stove at that temperature 294 00:15:11.720 --> 00:15:12.879 in a small house. 295 00:15:12.759 --> 00:15:13.639 Okay, I get it. 296 00:15:13.840 --> 00:15:16.320 So you put a smaller So you put a smaller 297 00:15:16.919 --> 00:15:17.679 woodstove in. 298 00:15:17.759 --> 00:15:21.279 Is that what you're saying, Yeah, that's what I hired 299 00:15:21.320 --> 00:15:25.919 him to do, which he did, okay, okay. And he 300 00:15:26.080 --> 00:15:29.759 was also going to put in the fire protection on 301 00:15:29.799 --> 00:15:32.600 the walls and on the floor the tile and. 302 00:15:33.000 --> 00:15:37.799 Okay, got it and like like like a protective tile, 303 00:15:38.960 --> 00:15:40.080 right and. 304 00:15:40.320 --> 00:15:45.799 The original balance. He charged me five thousand dollars okay 305 00:15:45.840 --> 00:15:52.799 for okay, okay, And then he came back. He put 306 00:15:52.799 --> 00:15:57.399 the stove in. He bought stuff at home depot, which 307 00:15:57.440 --> 00:16:00.200 I know. The floor tile I looked at it up 308 00:16:00.200 --> 00:16:03.240 and the cost of dollars forty seven apiece. There are 309 00:16:03.240 --> 00:16:05.879 a foot square and I intwered my house. 310 00:16:05.919 --> 00:16:09.039 So why are you questioning, Heather? I have a quick question. 311 00:16:09.519 --> 00:16:12.200 If this happened in twenty twenty three, why are you 312 00:16:12.399 --> 00:16:15.440 questioning now what he charged you? 313 00:16:16.879 --> 00:16:18.799 Because that's not all he charged me. 314 00:16:20.000 --> 00:16:22.240 Okay, he charged me continue. 315 00:16:21.879 --> 00:16:26.399 In twenty seventy three. Okay, the five thousand, then yes, 316 00:16:28.600 --> 00:16:35.600 then he charged me and also two thousand and seven hundred. 317 00:16:36.519 --> 00:16:38.120 And that was when did he hold on? 318 00:16:38.440 --> 00:16:40.840 Was that in twenty twenty four or was that still 319 00:16:40.840 --> 00:16:42.240 in twenty twenty three. 320 00:16:43.399 --> 00:16:48.159 Twenty twenty three? In July twenty twenty three, he charged 321 00:16:48.200 --> 00:16:51.440 me another three thousand. In September of twenty twenty three, 322 00:16:51.480 --> 00:16:52.600 he tried another another. 323 00:16:52.720 --> 00:16:55.480 Okay, hold on, hold on, hold on, Heather up, I'm confused. 324 00:16:55.639 --> 00:16:58.919 So the first payment you made, you paid him five grand, 325 00:16:59.440 --> 00:17:02.039 then he checked charge twenty seven hundred more. 326 00:17:03.840 --> 00:17:08.079 Twenty seven hundred more in September of that year, and 327 00:17:08.240 --> 00:17:14.079 then got it. Why why me another three thousand? Then? 328 00:17:14.599 --> 00:17:17.240 Why did he why Heather? 329 00:17:17.440 --> 00:17:21.440 Why did he charge you twenty seven hundred in September? 330 00:17:21.519 --> 00:17:23.680 I want to take one at a time. Why did 331 00:17:23.680 --> 00:17:24.440 he charge that? 332 00:17:25.640 --> 00:17:29.960 Let me see, I'm trying to look at the receipts, 333 00:17:30.000 --> 00:17:30.920 but he gave me. 334 00:17:32.160 --> 00:17:34.000 Because it seems to me if he put in a 335 00:17:34.039 --> 00:17:36.920 smaller tie, if you put in a smaller stove and 336 00:17:37.000 --> 00:17:40.720 put up the protective tile for five grand, what was 337 00:17:40.759 --> 00:17:42.799 the other twenty seven hundred dollars for? 338 00:17:42.920 --> 00:17:44.440 Did you have him do more work. 339 00:17:48.640 --> 00:17:52.119 He also had to stain the the chimney out. 340 00:17:51.720 --> 00:17:56.400 And you know, so was that the twenty seven hundred? 341 00:17:56.480 --> 00:17:59.920 What was what? What I need to know on your invoice? 342 00:18:00.160 --> 00:18:02.279 What was the twenty seven hundred for? 343 00:18:04.319 --> 00:18:04.720 It was? 344 00:18:04.839 --> 00:18:07.440 It was his first year for cleaning the chimney and 345 00:18:07.799 --> 00:18:10.119 bringing the stove down and taking the old stove out. 346 00:18:10.680 --> 00:18:14.200 And yeah, but wait a minute, you already paid him 347 00:18:14.200 --> 00:18:15.240 five grand for that. 348 00:18:15.359 --> 00:18:17.160 So what's the twenty seven hundred for? 349 00:18:18.440 --> 00:18:18.759 Yeah? 350 00:18:18.920 --> 00:18:21.599 I know that, and I can't find what ex for? 351 00:18:23.240 --> 00:18:24.160 Okay, I get it. 352 00:18:24.359 --> 00:18:26.839 Hold on, I need to I need to ask you 353 00:18:26.880 --> 00:18:31.160 a question though on this. So for that five grand, 354 00:18:31.480 --> 00:18:34.920 did he supply the stove or is that just labor? 355 00:18:36.599 --> 00:18:39.000 He said it was a chimney. It was for the 356 00:18:39.079 --> 00:18:40.319 chimney and inspection. 357 00:18:41.759 --> 00:18:43.920 I get it, But I need to know the five 358 00:18:44.000 --> 00:18:48.000 grand that you paid originally, did it include the stove itself? 359 00:18:48.119 --> 00:18:48.920 The five grand? 360 00:18:49.400 --> 00:18:51.359 Yes, that includes the stove. 361 00:18:52.279 --> 00:18:59.920 Okay, okay, So so twenty seven hundred then he charged 362 00:19:00.319 --> 00:19:02.039 then he charged something else. 363 00:19:03.400 --> 00:19:06.920 Yeah, and. 364 00:19:08.759 --> 00:19:10.559 So in addition to the five and. 365 00:19:10.519 --> 00:19:13.519 The twenty seven hundred, he charged you another three grand. 366 00:19:13.559 --> 00:19:16.160 You said, yeah, well. 367 00:19:16.160 --> 00:19:18.599 He charges one hundred and seventy five dollars an hour. 368 00:19:18.720 --> 00:19:23.079 Also, but what was the additional Okay, I got the 369 00:19:23.160 --> 00:19:25.839 five grand. I don't agree with it. I got the 370 00:19:25.880 --> 00:19:28.720 twenty seven hundred. I don't agree with it. But then 371 00:19:28.799 --> 00:19:32.119 you said he collected another three thousand dollars? 372 00:19:32.160 --> 00:19:32.960 What was that for? 373 00:19:34.039 --> 00:19:40.319 Let's see trink thousand? Original quote? He said, The original 374 00:19:40.400 --> 00:19:44.359 quote was seventy two and this is in let's see 375 00:19:44.759 --> 00:19:51.920 April of two thousand, twenty three. Oh, he said that 376 00:19:52.640 --> 00:19:53.119 was you all call. 377 00:19:53.240 --> 00:19:56.200 So let me just heather, Heather, we don't want to 378 00:19:56.200 --> 00:19:57.759 do math on the air. Let me just say this 379 00:19:58.319 --> 00:20:02.559 in general, you paid this guy over ten grand. 380 00:20:03.640 --> 00:20:07.640 I paid him almost I paid him fourteen thousand, five 381 00:20:07.720 --> 00:20:12.440 hundred and fifty dollars altogether. Oh my god, But I 382 00:20:12.599 --> 00:20:16.759 still don't have the tie about fire protection tile down, 383 00:20:17.119 --> 00:20:20.319 and I've hired another guy that I totally am completely trust. 384 00:20:20.680 --> 00:20:23.240 Wait a minute, and what is this guy's name? Is 385 00:20:23.640 --> 00:20:26.039 guy's name at Anthony's what's his full name? 386 00:20:26.839 --> 00:20:28.759 I think that his last name is Jones. 387 00:20:30.759 --> 00:20:31.759 What does it spell that? 388 00:20:32.759 --> 00:20:34.039 J O N E s. 389 00:20:36.559 --> 00:20:38.319 Oh Jones? Okay, got it? 390 00:20:39.279 --> 00:20:41.480 Listen, do you have a phone number for this guy? 391 00:20:42.759 --> 00:20:43.000 Yes? 392 00:20:43.079 --> 00:20:44.680 I do? 393 00:20:45.519 --> 00:20:48.799 You found it you found it, Dmitri, Yeah, I found 394 00:20:48.799 --> 00:20:54.920 Anthony's Chimney sweeps and website they also yeah, and so yeah, 395 00:20:54.960 --> 00:20:56.680 I have to speak up a little there. Oh yeah, 396 00:20:56.720 --> 00:20:58.400 so yeah, I do have their phone number and I 397 00:20:58.440 --> 00:20:59.240 have their website. 398 00:20:59.319 --> 00:21:01.240 Could you do me a favor and call him? 399 00:21:01.440 --> 00:21:05.680 Yeah, you know, Heather, do you have invoices that you 400 00:21:05.720 --> 00:21:09.160 can send to us? 401 00:21:09.599 --> 00:21:12.960 They're not there on that yellow. 402 00:21:14.400 --> 00:21:16.319 Okay, no, I get it, I get it. 403 00:21:16.559 --> 00:21:18.720 Can you take would you be able to take a 404 00:21:18.759 --> 00:21:21.799 picture of the front of them, just a rough picture 405 00:21:21.839 --> 00:21:23.640 with your cell phone, not. 406 00:21:23.640 --> 00:21:25.559 A rough picture, a high quality picture. 407 00:21:25.640 --> 00:21:28.960 Well, I mean, just for the for getting started, just yea, yeah, 408 00:21:29.000 --> 00:21:33.119 I want to Yeah, if hold on her send us 409 00:21:33.759 --> 00:21:36.319 pictures of those invoices, if she can just snap a 410 00:21:36.319 --> 00:21:37.160 shot of those. 411 00:21:37.240 --> 00:21:38.680 You know, we we don't need. 412 00:21:39.799 --> 00:21:43.920 Okay, when I set a picture, obviously the best quality 413 00:21:43.960 --> 00:21:44.359 you can get. 414 00:21:44.359 --> 00:21:45.480 But the bottom line is. 415 00:21:45.440 --> 00:21:47.839 I just want to verify you did business with the guy, 416 00:21:48.279 --> 00:21:50.799 and if we can show the amount on there, we'll 417 00:21:50.799 --> 00:21:53.599 call him and get details. But do that for us 418 00:21:53.640 --> 00:21:57.119 please three oh three seven one three eight two five five. 419 00:21:57.720 --> 00:22:03.119 This sounds horrendous. Fourteen thousand dollars and when you think 420 00:22:03.119 --> 00:22:07.200 about it, she exchanged the stove and she paid for this, 421 00:22:07.279 --> 00:22:13.000 so that included a stove, chimney inspection and cleaning, and 422 00:22:13.079 --> 00:22:18.720 some tile. It sounds ridiculous to me, But why now? 423 00:22:19.079 --> 00:22:22.599 Why is she questioning it now? The last work was 424 00:22:22.640 --> 00:22:25.400 done in twenty twenty three. We'll find out that. Coming up. 425 00:22:26.000 --> 00:22:28.759 Frank Duran, the real Estateman dot com, will do an 426 00:22:28.759 --> 00:22:30.880 analysis of your home right now to see what it 427 00:22:30.920 --> 00:22:33.160 will sell for without listening it. You don't have to 428 00:22:33.200 --> 00:22:35.680 commit to listing, and you never have to commit to listening, 429 00:22:35.880 --> 00:22:38.279 but he'll let you know what you cannot only sell 430 00:22:38.319 --> 00:22:40.079 it for, but what you will net and what you 431 00:22:40.079 --> 00:22:40.519 can buy. 432 00:22:40.559 --> 00:22:42.359 It's all free of charge, complimentary. 433 00:22:42.799 --> 00:22:45.400 That's three oh three nine two zero sixteen twenty two 434 00:22:45.400 --> 00:22:51.799 Frank durand the real estate Man dot com Go with 435 00:22:51.880 --> 00:22:55.440 a sure thing Denver's Best roofer Excel Roofing dot com. 436 00:22:55.480 --> 00:23:01.200 You don't pay a cent until you're content. Time for 437 00:23:01.240 --> 00:23:04.440 an insurance check up free, no obligation. In comparison, call 438 00:23:04.519 --> 00:23:07.839 Compass Insurance paying too much your coverage at dozens of 439 00:23:07.880 --> 00:23:10.839 insurance companies find out now three oh three seven seven 440 00:23:10.920 --> 00:23:13.680 one help. You'll think you're his only customer when you 441 00:23:13.759 --> 00:23:16.240 choose Frank durand the real estate man dot com to 442 00:23:16.319 --> 00:23:19.480 list your home with Remax Alliance three oh three nine 443 00:23:19.519 --> 00:23:26.880 two zero sixteen twenty two. Hi Tom Martino, you're troubleshooter 444 00:23:26.960 --> 00:23:30.039 three oh three seven one three talk three oh three 445 00:23:30.079 --> 00:23:31.839 seven one three eight two five five. 446 00:23:32.160 --> 00:23:36.400 So I have a pretty obvious question for Heather. 447 00:23:36.759 --> 00:23:40.759 Heather, why did you start questioning and calling us now? 448 00:23:41.119 --> 00:23:43.759 Or have you been thinking about this the whole time. 449 00:23:45.000 --> 00:23:54.119 I've been thinking about this the whole time. And uh, 450 00:23:54.279 --> 00:23:57.279 he just never showed up what he was supposed to, 451 00:23:58.279 --> 00:24:01.759 and he had all kinds of excuses, is including so 452 00:24:01.880 --> 00:24:03.000 he never finished. 453 00:24:03.319 --> 00:24:07.000 He never finished the tile, and you had to hire 454 00:24:07.119 --> 00:24:07.839 someone else. 455 00:24:09.079 --> 00:24:11.440 Well it's not only that. Yeah, I had to hire 456 00:24:11.480 --> 00:24:15.240 someone else, and he is an inspector, and he found 457 00:24:15.240 --> 00:24:18.759 that he didn't put the protective insulator box between the 458 00:24:20.039 --> 00:24:23.759 inside of the house and the roof, and he cut 459 00:24:23.960 --> 00:24:32.799 one of the the structural beams and everything was all 460 00:24:32.880 --> 00:24:33.559 the insulations. 461 00:24:33.599 --> 00:24:37.279 Okay, I get it. So in other words, not only 462 00:24:37.359 --> 00:24:37.960 did he not. 463 00:24:38.079 --> 00:24:41.839 Finish, but he did a lot of wrong things. 464 00:24:42.480 --> 00:24:43.519 Yes, and he. 465 00:24:43.480 --> 00:24:46.960 Could have killed me and and anybody else that was 466 00:24:47.000 --> 00:24:47.559 in my house. 467 00:24:49.160 --> 00:24:54.680 Now, how much did you pay the second contractor. 468 00:24:55.400 --> 00:25:00.319 I've only paid him five hundred. 469 00:25:02.000 --> 00:25:05.160 Oh my goodness, So this guy must be golden. He's 470 00:25:05.200 --> 00:25:05.839 a good guy. 471 00:25:05.960 --> 00:25:08.519 Huh. The second guy just wants to help you out. 472 00:25:09.720 --> 00:25:10.599 Wonderful man. 473 00:25:12.160 --> 00:25:15.400 Okay, Well, Deputy D I don't know if you heard this, 474 00:25:15.480 --> 00:25:18.720 but not only did she spend fourteen grand with this guy, 475 00:25:18.759 --> 00:25:21.720 but the second guy she hired for five hundred bucks, 476 00:25:21.720 --> 00:25:25.359 who've inspected everything, said there are a ton of problems 477 00:25:25.400 --> 00:25:27.880 on top of it. So Heather, get off the phone, 478 00:25:27.759 --> 00:25:31.839 get us that contract, to get us some pictures. Lay 479 00:25:31.880 --> 00:25:34.480 him on a table and take a picture with your phone. 480 00:25:34.519 --> 00:25:37.359 Send him to us. Kachina walk her through that. Katie, 481 00:25:37.759 --> 00:25:40.839 your turn, Katie, I'm Tom Martinez. What's going on with you? And, 482 00:25:40.880 --> 00:25:44.400 by the way, any estate related questions. I do have 483 00:25:44.440 --> 00:25:47.359 a couple of texts here you Dan McKenzie's with us 484 00:25:47.440 --> 00:25:50.559 Mackenzie Law, and I like the way he does business. 485 00:25:50.599 --> 00:25:52.440 Because it's a smaller firm, you get a lot of 486 00:25:52.440 --> 00:25:56.319 personal attention. So Katie, tell us what's going on with 487 00:25:56.400 --> 00:25:56.960 this tenant? 488 00:25:57.039 --> 00:25:57.480 Landlord? 489 00:25:57.519 --> 00:26:02.640 Are you the tenant or the landlord the tenant? What's 490 00:26:02.680 --> 00:26:03.160 going on? 491 00:26:04.200 --> 00:26:06.400 I've been a tenant at this place for a hold 492 00:26:06.480 --> 00:26:11.759 twelve days. They are an apartment complex and they are 493 00:26:11.880 --> 00:26:17.680 infested with cockroaches and bedbugs, and they are lying to 494 00:26:17.799 --> 00:26:22.440 tenants telling them there's no issue. And then huh, there's 495 00:26:22.440 --> 00:26:23.000 an issue. 496 00:26:23.920 --> 00:26:25.839 And well, let me ask you this, katie. What's the 497 00:26:25.920 --> 00:26:27.880 name of the place. What's the name of the place. 498 00:26:27.960 --> 00:26:29.799 Let's expose it. 499 00:26:29.799 --> 00:26:32.839 It's called Hidden Lake Apartment. It's right off the sixty 500 00:26:32.880 --> 00:26:33.720 eighth in loll. 501 00:26:35.200 --> 00:26:40.400 Hidden Lake Apartments, sixty eighth in loll Okay. Now when 502 00:26:40.440 --> 00:26:44.200 you wait, what do you mean they're lying? Tell me 503 00:26:44.240 --> 00:26:45.000 what you mean by that. 504 00:26:46.480 --> 00:26:49.039 So I bluntly ask them do you have a bug problem? 505 00:26:49.279 --> 00:26:50.039 And they said no? 506 00:26:50.400 --> 00:26:50.640 Wait? 507 00:26:50.839 --> 00:26:53.359 Wait how many people ask that? You actually asked that? 508 00:26:53.400 --> 00:26:55.079 Before you rented? You said, by the way, do you 509 00:26:55.079 --> 00:26:56.359 have a bug problem? 510 00:26:57.119 --> 00:26:59.119 Yeah? 511 00:26:59.200 --> 00:27:01.960 Really, I mean I never asked that in my life, 512 00:27:01.960 --> 00:27:05.480 but you actually asked. You asked specifically if they had 513 00:27:05.480 --> 00:27:08.119 a bug problem. May I ask why you asked that question? 514 00:27:08.200 --> 00:27:09.839 That's a weird question to ask. 515 00:27:10.759 --> 00:27:14.319 Because when you because I've had I've had past trauma, 516 00:27:14.400 --> 00:27:17.799 I've moved into ah and there's a bug problem. And 517 00:27:17.960 --> 00:27:20.200 I lived in a place for the last twelve years 518 00:27:20.200 --> 00:27:22.799 and I'm out here trying to find an apartment, and 519 00:27:22.880 --> 00:27:25.480 you go through these complexes that have five hundred units. 520 00:27:26.119 --> 00:27:28.480 So it's a question that you ask when you've had 521 00:27:28.519 --> 00:27:30.000 that experience. 522 00:27:30.079 --> 00:27:30.759 Both got it. 523 00:27:31.319 --> 00:27:34.400 I get it. I get it. And so they said, 524 00:27:34.480 --> 00:27:35.799 we have no problem? 525 00:27:37.079 --> 00:27:37.279 Right? 526 00:27:39.240 --> 00:27:42.759 And how long did it take you? You're there twelve days? 527 00:27:42.839 --> 00:27:44.720 Tell me how bad is it? 528 00:27:45.839 --> 00:27:49.319 I haven't I haven't even moved in yet. And in 529 00:27:49.799 --> 00:27:51.119 my unit, it's not bad. 530 00:27:51.200 --> 00:27:51.880 In my unit. 531 00:27:52.200 --> 00:27:56.920 I haven't seen any live bugs. I see only dead ones. 532 00:27:58.720 --> 00:28:00.759 I was there yesterday. I'm trying to break the lease. 533 00:28:00.839 --> 00:28:03.000 I can't furnish an apartment. 534 00:28:03.039 --> 00:28:03.559 Well hold on. 535 00:28:03.519 --> 00:28:06.799 Though, but why but but you even said, you even 536 00:28:06.920 --> 00:28:10.319 said you haven't moved in yet, and you're assuming you're 537 00:28:10.319 --> 00:28:13.400 gonna have a problem, Dmitri, What did you want to say, Katie? 538 00:28:13.559 --> 00:28:16.039 What kind of bugs did your witness? Are we talking 539 00:28:16.039 --> 00:28:18.839 about cockroaches or flies or bees? Or one? 540 00:28:19.000 --> 00:28:20.519 Cockroaches and they're dead? 541 00:28:22.279 --> 00:28:22.559 Correct? 542 00:28:22.559 --> 00:28:22.640 Now? 543 00:28:23.880 --> 00:28:27.000 How do you know that maybe they did that? Because 544 00:28:27.559 --> 00:28:29.559 maybe they've they fixed the problem? 545 00:28:29.640 --> 00:28:29.799 Now? 546 00:28:29.880 --> 00:28:29.960 No? 547 00:28:30.319 --> 00:28:32.839 Yes, what do you think you never fix a cockroach? Probably? 548 00:28:32.880 --> 00:28:33.200 Wait? Wait? 549 00:28:33.200 --> 00:28:36.400 Wait, do you meaning he could never fix York? And 550 00:28:36.440 --> 00:28:38.640 there are more cockroaches there than stars? 551 00:28:38.680 --> 00:28:40.319 In the sky. No, but hold on, what do you 552 00:28:40.319 --> 00:28:41.119 mean you can't fix it? 553 00:28:41.160 --> 00:28:43.279 Though a building can have an exterminator come in and 554 00:28:43.319 --> 00:28:45.000 fix the cockroach temporarily. 555 00:28:45.279 --> 00:28:46.240 What do you mean temporary? 556 00:28:46.279 --> 00:28:48.799 They live in the walls, they live in the floors, 557 00:28:48.880 --> 00:28:50.640 the ceilings, the pipe. 558 00:28:51.799 --> 00:28:55.559 So listen, Katie, you saw several dead cockroaches. 559 00:28:55.599 --> 00:28:58.480 This is recent. She's only been there twelve days been there, 560 00:28:58.519 --> 00:28:59.559 she has not even moved in. 561 00:29:00.039 --> 00:29:02.440 So you see dead bodies, and you went to them 562 00:29:02.440 --> 00:29:04.480 and said, wait a minute, I'm seeing a lot of 563 00:29:04.519 --> 00:29:08.200 dead cockroaches. And when you say dead cockroaches, can you 564 00:29:08.279 --> 00:29:10.279 be specific? How many did you see? 565 00:29:10.359 --> 00:29:10.680 Really? 566 00:29:11.000 --> 00:29:14.200 No, seriously, how many dead bodies did you see? 567 00:29:14.480 --> 00:29:17.000 I've seen too. I've seen too. And when I go 568 00:29:17.160 --> 00:29:19.920 to them and I'm like, hey, I'm seeing these bugs. 569 00:29:20.200 --> 00:29:23.559 Well two turns into two hundred in a hurry, and 570 00:29:23.720 --> 00:29:27.519 they're like, oh yeah, but I'll you don't come every week. Wait, 571 00:29:27.640 --> 00:29:28.839 they can come to your apartment. 572 00:29:30.039 --> 00:29:33.960 Oh Katie, but listen, are you jumping the gun here? Listen? 573 00:29:34.119 --> 00:29:37.720 I'm on your side, but it could you just be 574 00:29:37.759 --> 00:29:40.160 a little sensitized here, and you saw two of them 575 00:29:40.400 --> 00:29:42.279 and you're assuming there's a big problem. 576 00:29:42.480 --> 00:29:43.359 Wait, dimitrio. 577 00:29:43.400 --> 00:29:45.200 Are you telling me if you saw two you would 578 00:29:45.200 --> 00:29:46.240 think there's a major problem. 579 00:29:46.279 --> 00:29:49.119 If you see two, that means there's two thousand more. Oh, 580 00:29:49.240 --> 00:29:51.599 come on, come on, really. 581 00:29:51.440 --> 00:29:52.160 Guarantee you that? 582 00:29:52.279 --> 00:29:52.440 Man? 583 00:29:52.519 --> 00:29:54.240 I didn't you live in New York too? 584 00:29:54.559 --> 00:29:56.519 Well, yeah, but we never I didn't live in the 585 00:29:56.559 --> 00:30:00.480 city city, Yeah I did. Okay, So Katie, I don't 586 00:30:00.480 --> 00:30:03.640 know where what infested place he lives in, but two 587 00:30:03.680 --> 00:30:05.480 of them denotes two thousands? 588 00:30:05.559 --> 00:30:07.720 Ka, I think you're just will they let you out 589 00:30:07.759 --> 00:30:10.720 of the out of the least she's talking about, Katie. 590 00:30:10.720 --> 00:30:14.920 I want to ask a couple of questions yesterday, But 591 00:30:15.079 --> 00:30:16.799 did you do any due diligence? 592 00:30:16.839 --> 00:30:19.000 Did you knock on doors and ask neighbors if they're 593 00:30:19.039 --> 00:30:20.799 having a cockroach problem? 594 00:30:21.079 --> 00:30:21.160 No? 595 00:30:21.359 --> 00:30:24.519 I didn't. But now that I know that there's this issue, 596 00:30:24.640 --> 00:30:27.200 the neighbors are saying that there's a problem not only 597 00:30:27.240 --> 00:30:28.720 with cockroaches. 598 00:30:28.079 --> 00:30:29.079 But with bud bugs. 599 00:30:29.160 --> 00:30:31.440 I was in the office yesterday and this woman is 600 00:30:31.480 --> 00:30:35.680 in the office crying, telling the telling the office lady, 601 00:30:35.720 --> 00:30:38.160 you know I can't work because I have bedbugs. I 602 00:30:38.240 --> 00:30:41.880 neither know, saying that my apartment's been treated and I 603 00:30:41.920 --> 00:30:44.759 can't even work, and they don't care. She's just like, Oh, 604 00:30:44.799 --> 00:30:46.079 I'm sorry, I don't know what to tell you. 605 00:30:47.680 --> 00:30:52.039 Okay, Katie, When you asked about getting out of the lease, 606 00:30:52.200 --> 00:30:53.079 what did they say? 607 00:30:54.319 --> 00:30:57.759 They said that because in that unit they are not 608 00:30:57.880 --> 00:31:02.160 seeing any live bugs, it's not considered an infestation, and 609 00:31:02.240 --> 00:31:04.240 I will have to pay whatever penalty is to get 610 00:31:04.279 --> 00:31:04.920 out of my lease. 611 00:31:06.400 --> 00:31:06.759 Okay. 612 00:31:06.759 --> 00:31:08.920 Hold on, and we'll address this coming up, and maybe 613 00:31:08.960 --> 00:31:11.839 we'll have somebody make a phone call, okay, and then 614 00:31:11.880 --> 00:31:14.880 we'll look at your rights here three o three seven 615 00:31:14.920 --> 00:31:17.680 to one three eight two five five, Sally, we got 616 00:31:17.680 --> 00:31:24.279 your call too. Hold on, Katie, more coming up. Go 617 00:31:24.440 --> 00:31:28.160 with a sure thing Denver's best roofer Excel Roofing dot com. 618 00:31:28.200 --> 00:31:30.200 You don't pay a cent until you're content. 619 00:31:33.599 --> 00:31:36.759 Time for an insurance check up, free, no obligation comparison 620 00:31:36.880 --> 00:31:40.480 call Compass Insurance paying too much your coverage at dozens 621 00:31:40.480 --> 00:31:43.200 of insurance companies find out now three oh three seven 622 00:31:43.200 --> 00:31:43.799 to seven to one. 623 00:31:43.880 --> 00:31:44.160 Help. 624 00:31:44.319 --> 00:31:46.960 You'll think you're his only customer when you choose Frank 625 00:31:47.039 --> 00:31:49.480 durand the real estate Man dot com to list your 626 00:31:49.519 --> 00:31:52.680 home with Remax Alliance three oh three nine two zero 627 00:31:52.759 --> 00:31:53.960 sixteen twenty two. 628 00:31:57.279 --> 00:31:58.000 Revietionized. 629 00:31:58.039 --> 00:32:02.279 This set all Tom Martine here three three seven one 630 00:32:02.319 --> 00:32:04.119 three talks seven one three, eight two five five. We'll 631 00:32:04.160 --> 00:32:07.400 go back to that tenant landlord issue, trust me, we will. 632 00:32:07.440 --> 00:32:09.720 But Sally has a question for a state planning. We 633 00:32:09.759 --> 00:32:14.440 have Dan mackenzie with us. Mackenzie lost Sally, and don't 634 00:32:14.440 --> 00:32:16.279 go away, Katie. We're not done with you. Oh wait, wait, 635 00:32:16.319 --> 00:32:18.480 we do have Brad O'Brien. I didn't realize that, so 636 00:32:18.599 --> 00:32:21.680 let me go to Brad O'Brien. Brad, thank you very much. 637 00:32:21.759 --> 00:32:25.240 Olslaw dot com Real Estate Law Brad. At what point 638 00:32:26.279 --> 00:32:30.240 she's moving into a place, she sees two dead cockroaches. 639 00:32:30.680 --> 00:32:34.000 She figures there must be an infestation, and she talks 640 00:32:34.000 --> 00:32:36.880 to neighbors who say, yeah, there's a problem with cockroaches, 641 00:32:37.000 --> 00:32:41.640 bed bugs too, and bed bugs just on the say 642 00:32:41.680 --> 00:32:45.160 so of the neighbors and her fear. 643 00:32:45.799 --> 00:32:48.400 Can she get out of this lease? 644 00:32:48.960 --> 00:32:52.000 She's just been renting for twelve days now, she's in 645 00:32:52.079 --> 00:32:55.640 the process of moving in. Is it difficult to get 646 00:32:55.640 --> 00:33:00.440 out on a habitability issue under these circumstances. 647 00:32:59.559 --> 00:33:00.680 Brad Well. 648 00:33:00.720 --> 00:33:03.640 The Colorado Warranty habit Abilly Statute allows the tenant to 649 00:33:03.680 --> 00:33:04.519 get out of the lease. 650 00:33:04.799 --> 00:33:08.039 But there's several steps that have to be followed. First, 651 00:33:08.039 --> 00:33:08.680 they have to give. 652 00:33:08.519 --> 00:33:11.160 The landlord notice of the condition that makes it uninhabitable, 653 00:33:11.759 --> 00:33:13.680 and then the landlord has a certain amount of time 654 00:33:13.680 --> 00:33:15.240 to respond to attempt to. 655 00:33:15.160 --> 00:33:18.519 Remediate, And then and only then can they go to 656 00:33:18.599 --> 00:33:19.079 court to. 657 00:33:19.359 --> 00:33:21.920 Sue for a termination of the release. 658 00:33:24.119 --> 00:33:26.000 Well, if she just tries to get out of it 659 00:33:26.079 --> 00:33:29.039 now before even moving in, they're going to make the 660 00:33:29.160 --> 00:33:32.240 argument they didn't have a chance, right right. 661 00:33:32.319 --> 00:33:34.400 If you start already signed the lease, that's the contract 662 00:33:34.440 --> 00:33:36.519 which is finding doesn't matter if she hasn't moved in yet. 663 00:33:38.720 --> 00:33:43.680 Katie, are you hearing this, Katie? 664 00:33:45.720 --> 00:33:49.000 Katie? Is she still there? To China? Just tell me? 665 00:33:49.079 --> 00:33:53.400 Okay, So Katie, it sounds like it's going to be 666 00:33:53.440 --> 00:33:57.079 an uphill battle if you try to get out now. 667 00:33:57.480 --> 00:34:02.440 But if you moved in, I know it's sees how 668 00:34:02.519 --> 00:34:04.920 much is the penalty? 669 00:34:05.119 --> 00:34:08.840 So I spoke to them yesterday and they are willing 670 00:34:08.880 --> 00:34:10.760 to work with me. He said that he would call 671 00:34:10.840 --> 00:34:13.840 like the property manager and see what they are willing 672 00:34:13.880 --> 00:34:17.199 to do. Worst case, it's a sixty day notice, regardless 673 00:34:17.239 --> 00:34:18.920 of if I want to give them a sixty day 674 00:34:18.960 --> 00:34:21.880 notice or not. So it's two months worth of rent, 675 00:34:21.920 --> 00:34:25.280 and then the termination fee is a month worth of rent, 676 00:34:25.360 --> 00:34:26.920 so like four. 677 00:34:26.679 --> 00:34:30.679 Grand, So you're talking about three months altogether. 678 00:34:32.440 --> 00:34:35.599 Yeah, I'm going to email them. If I can give 679 00:34:35.679 --> 00:34:38.800 Katie's last name, I'll email them and ask them on 680 00:34:38.880 --> 00:34:41.320 behalf of our show if they're just willing to cancel 681 00:34:41.360 --> 00:34:41.679 the deal. 682 00:34:41.920 --> 00:34:45.000 Yeah, hold on, okay, and Brad O'Brien, thank you very much. 683 00:34:45.159 --> 00:34:48.679 Olslaw dot Com. Brad O'Brien seventy zero three seven zero 684 00:34:48.719 --> 00:34:51.519 seventy three eighty eight. Now, Sally, hang on with your 685 00:34:51.599 --> 00:34:54.400 estate question. We have Dan McKenzie with US mackenzie Law 686 00:34:54.440 --> 00:34:57.320 coming up. We'll answer all of your questions. Don't forget 687 00:34:57.360 --> 00:35:01.719 three oh three Martino, go with a sure thing Denvers 688 00:35:01.760 --> 00:35:04.039 Best Roofer Excel Roofing dot com. 689 00:35:04.079 --> 00:35:06.119 You don't pay a cent until you're content. 690 00:35:07.719 --> 00:35:11.960 Leave time for an insurance check up free, no obligation 691 00:35:12.079 --> 00:35:15.960 comparison call Compass Insurance. Pay too much your coverage at 692 00:35:16.000 --> 00:35:18.719 dozens of insurance companies find out now three oh three 693 00:35:18.880 --> 00:35:21.480 seven seven to one help. You'll think you're his only 694 00:35:21.559 --> 00:35:24.039 customer when you choose Frank durand the real estate Man 695 00:35:24.079 --> 00:35:27.480 dot com to list your home with Remax Alliance three 696 00:35:27.559 --> 00:35:29.599 oh three nine two zero, sixteen twenty two. 697 00:35:30.599 --> 00:35:36.719 Yeah, RiPP. 698 00:35:37.559 --> 00:35:40.559 You needed that's who you don't have? 699 00:35:43.239 --> 00:35:48.800 Run anxious as can. Shooter's gonna help come. 700 00:35:49.960 --> 00:35:54.320 Dix is the Troubleshooter Show. No Tom Martinez. 701 00:35:56.280 --> 00:35:57.480 Hello, Welcome to the show. 702 00:35:57.519 --> 00:35:59.880 I'm Tom Martino here to help you solve your problems, 703 00:36:00.000 --> 00:36:02.280 answer your questions, take your complaints as I've been doing 704 00:36:02.280 --> 00:36:05.239 for forty five years in Denver, more than fifty years 705 00:36:05.280 --> 00:36:08.119 if you counted all. And we are proud to be 706 00:36:08.159 --> 00:36:11.119 the longest running radio show with the same host still 707 00:36:11.239 --> 00:36:12.159 on the air. 708 00:36:13.000 --> 00:36:15.000 Woo, so welcome. 709 00:36:15.079 --> 00:36:18.320 Hey. I hope you're enjoying this spring in the Mile 710 00:36:18.400 --> 00:36:21.639 High And for those listening around the country, you too, right, 711 00:36:22.119 --> 00:36:24.519 sorry you can't be here it right because I think 712 00:36:24.519 --> 00:36:27.519 Denver has probably the best weather all around in the world. 713 00:36:28.480 --> 00:36:30.679 I mean, all things considered. If you had to pick 714 00:36:30.719 --> 00:36:34.039 one place, well, maybe Hawaii would be a good one too. Anyway, 715 00:36:34.119 --> 00:36:38.519 Dan McKenzie's with me mackenzie Law and that's coplans dot Co. 716 00:36:39.280 --> 00:36:41.360 And Sally has a question about in a state. 717 00:36:42.119 --> 00:36:42.599 Welcome. 718 00:36:43.039 --> 00:36:46.039 Sally and I have some textas as well about a 719 00:36:46.159 --> 00:36:49.760 state planning and a state Questions what is your question, Sally? 720 00:36:51.159 --> 00:36:55.320 My question is what do you do within a state 721 00:36:55.400 --> 00:37:02.519 attorney who is not returning any calls, emails, tepts to 722 00:37:02.679 --> 00:37:03.760 the executive? 723 00:37:03.800 --> 00:37:09.119 Okay, let's back up. Okay, let's back up, Sally. Who's 724 00:37:09.119 --> 00:37:10.440 the state are we talking about? 725 00:37:11.320 --> 00:37:12.360 It's my brother. 726 00:37:14.039 --> 00:37:15.320 And when did he pass away? 727 00:37:16.559 --> 00:37:18.679 January of twenty twenty four. 728 00:37:20.559 --> 00:37:24.199 Okay, So your brother passed away in January of twenty 729 00:37:24.280 --> 00:37:24.840 twenty four. 730 00:37:25.440 --> 00:37:29.320 And what happened then? 731 00:37:29.760 --> 00:37:32.400 To give me the steps on this attorney and how 732 00:37:32.440 --> 00:37:33.280 he got involved. 733 00:37:35.840 --> 00:37:40.199 Well, this attorney when my brother became ill about six 734 00:37:40.239 --> 00:37:47.599 months prior to his death, he hired in a state 735 00:37:47.639 --> 00:37:53.599 attorney and set up the estate for when he passed, 736 00:37:54.320 --> 00:37:58.559 and he named a lady friend of his. 737 00:37:58.760 --> 00:38:01.960 So he knew he was dying. Did he have a 738 00:38:02.039 --> 00:38:04.320 terminal illness? I mean, did he know he was dying? 739 00:38:05.199 --> 00:38:05.480 Yeah? 740 00:38:05.679 --> 00:38:09.920 Yes, yes, he had a couple of very serious things 741 00:38:09.920 --> 00:38:13.159 that have been going on for years and it come 742 00:38:13.239 --> 00:38:14.719 to that he was eighty three. 743 00:38:16.480 --> 00:38:23.119 Okay, yeah, okay, So just before he died he contacted 744 00:38:23.159 --> 00:38:27.639 this attorney, right, and who is the attorney? 745 00:38:29.639 --> 00:38:33.760 The attorney this is in San Francisco in the Bay Area. 746 00:38:33.960 --> 00:38:37.159 Yeah, oh okay, Then I don't care. Okay, So he 747 00:38:37.239 --> 00:38:44.920 contacted this attorney. Now, your brother was living in San Francisco, correct, Okay? 748 00:38:45.840 --> 00:38:49.280 And what did this attorney do for him or what 749 00:38:49.440 --> 00:38:50.320 is he not doing? 750 00:38:50.360 --> 00:38:52.800 Now? Is the estate settled or not? 751 00:38:55.039 --> 00:38:56.440 The estate is. 752 00:38:57.960 --> 00:39:02.960 Basically finished. It was all in really good order. It 753 00:39:03.079 --> 00:39:08.679 was not the least that complicated. And the executor is 754 00:39:08.719 --> 00:39:14.000 a lady friend of my brothers, who also lives in 755 00:39:14.039 --> 00:39:18.360 San Francisco, and she's just done a wonderful job and 756 00:39:20.079 --> 00:39:23.559 she cannot get a hold of this attorney. The attorney 757 00:39:23.639 --> 00:39:26.360 is a female actually, But why do. 758 00:39:26.360 --> 00:39:27.559 You have to get a hold of it? 759 00:39:27.639 --> 00:39:29.400 Why do you have to get a hold of the 760 00:39:29.440 --> 00:39:32.239 attorney if it's all settled, what is the purpose? 761 00:39:33.119 --> 00:39:38.280 Well, things need to be settled out that the executor, 762 00:39:38.800 --> 00:39:42.559 you know, she needs to meet with her. She has documentation. 763 00:39:43.119 --> 00:39:46.679 So Dan mackenzie, Dan mackenzie is with us an a 764 00:39:46.760 --> 00:39:49.960 state attorney. So Dan, what has to be done to 765 00:39:50.079 --> 00:39:53.920 finalize everything? She's saying that you said it was settled, 766 00:39:53.920 --> 00:39:56.239 like were his assets distributed? 767 00:39:57.760 --> 00:39:59.599 No, nothing's been distributed. 768 00:40:00.320 --> 00:40:03.159 Oh I thought you said it had been settled. So 769 00:40:03.239 --> 00:40:05.840 you mean he died in January of twenty twenty four, 770 00:40:05.960 --> 00:40:08.000 and nothing has been done. 771 00:40:08.440 --> 00:40:11.920 Well, things happened done all the tax returns, the two 772 00:40:12.079 --> 00:40:16.360 you know, different ones. The final one was like in January, 773 00:40:16.920 --> 00:40:21.360 and the executor she keeps contacting her in all kinds 774 00:40:21.400 --> 00:40:25.719 of ways you could possibly context. 775 00:40:25.760 --> 00:40:29.960 Okay, but what tell me how big your brother's estate. 776 00:40:29.880 --> 00:40:33.159 Was or is a callin a million? 777 00:40:35.519 --> 00:40:35.960 Okay? 778 00:40:38.119 --> 00:40:44.840 So nothing has been distributed, but things have been done 779 00:40:44.880 --> 00:40:48.159 in the background, tax returns and stuff like that. But 780 00:40:48.239 --> 00:40:49.920 you want to know when is it going to be 781 00:40:49.960 --> 00:40:58.079 closed out? And you can't get an answer correct? Okay, Dan, 782 00:40:58.119 --> 00:40:59.519 what are you do in a case like that when 783 00:40:59.559 --> 00:41:03.199 you have an responsive a state attorney? This sounds has 784 00:41:03.280 --> 00:41:05.800 probate actually been opened as a case? 785 00:41:07.360 --> 00:41:11.920 Yeah, yes, it has all everything, to my knowledge and 786 00:41:12.000 --> 00:41:14.760 to the executor's knowledge, has been. 787 00:41:17.559 --> 00:41:20.719 But has there been a probate case, an actual court 788 00:41:20.960 --> 00:41:23.960 case opened in your brother's estate's name. 789 00:41:26.840 --> 00:41:33.199 That was not necessarily during COVID somebody, a vagrant broke 790 00:41:33.239 --> 00:41:36.000 into his home while he was out of town and 791 00:41:36.360 --> 00:41:39.960 set the house on fire. And this guy was happened 792 00:41:39.960 --> 00:41:44.400 to be a fire starter. He's been locked up a 793 00:41:44.480 --> 00:41:45.119 number of times. 794 00:41:45.239 --> 00:41:45.639 What is that? 795 00:41:45.800 --> 00:41:45.960 Wait? 796 00:41:46.000 --> 00:41:48.480 Wait, but what does that have to do with my. 797 00:41:48.519 --> 00:41:52.920 Pater didn't own the house anymore. It's mostly just so 798 00:41:53.199 --> 00:41:55.079 probate wouldn't have been necessary. 799 00:41:56.880 --> 00:42:01.239 So the house was burned down. Did he get insurance proceeds? 800 00:42:02.320 --> 00:42:07.920 He did, Yeah, and it was in San Francisco proper. 801 00:42:08.119 --> 00:42:10.400 So yeah, you know, I get it. 802 00:42:10.480 --> 00:42:11.039 I get it. 803 00:42:11.800 --> 00:42:14.800 So what is there what is there in his estate 804 00:42:14.840 --> 00:42:15.719 to be distributed? 805 00:42:15.800 --> 00:42:18.239 Mainly cash? 806 00:42:17.639 --> 00:42:19.880 Mainly cash? 807 00:42:20.480 --> 00:42:24.039 Yes, and about a quarter of a million you said 808 00:42:25.079 --> 00:42:30.639 no a million? Okay, So nothing has been done. Dan, Again, 809 00:42:30.679 --> 00:42:32.320 we're back to the same question. What do you do 810 00:42:32.400 --> 00:42:35.960 with an unresponsive there's not a probate court case, there's 811 00:42:36.000 --> 00:42:38.119 just an estate. What do you do when an attorney 812 00:42:38.119 --> 00:42:38.960 doesn't answer you? 813 00:42:39.679 --> 00:42:42.079 And I guess I just said, are is She declined? 814 00:42:42.119 --> 00:42:43.199 Are you the you're the fiduciar? 815 00:42:43.320 --> 00:42:47.199 She she is the an heir and he appointed a 816 00:42:47.239 --> 00:42:48.360 personal representative. 817 00:42:48.400 --> 00:42:50.719 Okay, yeah. 818 00:42:50.760 --> 00:42:53.360 I mean it's always tricky because that's not really your attorney. 819 00:42:53.400 --> 00:42:56.239 So you could hire your own attorney, like you can't. 820 00:42:56.239 --> 00:42:59.599 Really, she doesn't have standing as an heir. 821 00:43:00.079 --> 00:43:00.920 To talk to the attorney. 822 00:43:01.039 --> 00:43:03.840 Not necessarily that attorney is really the attorney for the estate, but. 823 00:43:03.840 --> 00:43:07.880 The representative she knows the personal representative and the personal 824 00:43:07.880 --> 00:43:11.400 representative she knows very well, and that personal representative can't 825 00:43:11.400 --> 00:43:12.159 get a response. 826 00:43:12.199 --> 00:43:15.039 See, yeah, it's kind of their obligation. So she should 827 00:43:15.519 --> 00:43:18.119 can talk to the personal representative and ask for that. 828 00:43:18.159 --> 00:43:20.239 And if she's not getting you know, recent can. 829 00:43:20.159 --> 00:43:22.519 The personal representative go to the bar association? 830 00:43:23.239 --> 00:43:23.519 Sure? 831 00:43:23.559 --> 00:43:26.639 But I mean I guess first, if the personal representative 832 00:43:26.679 --> 00:43:29.559 feels like they're not getting responses, you can always you 833 00:43:29.559 --> 00:43:30.880 can always fire your attorney. 834 00:43:32.639 --> 00:43:33.840 That is always something you can do. 835 00:43:33.960 --> 00:43:35.239 So if that, I mean, it really is on the 836 00:43:35.239 --> 00:43:38.000 personal representative to get this done. 837 00:43:39.440 --> 00:43:39.760 Well. 838 00:43:39.800 --> 00:43:44.760 And I know that, and she knows that, and the 839 00:43:44.840 --> 00:43:48.320 other heirs who are my three sons and I have 840 00:43:48.719 --> 00:43:51.679 She's asked us for help, she's kept us and formed 841 00:43:51.800 --> 00:43:53.199 this whole time over a year. 842 00:43:53.559 --> 00:43:54.480 Yeah, I get it. 843 00:43:55.199 --> 00:43:58.400 But I googled how long does it take for the 844 00:43:58.440 --> 00:44:02.599 California Barter is fun? They said six months or more. Well, 845 00:44:03.840 --> 00:44:06.760 that's putting it out too far. And we are aware. 846 00:44:07.079 --> 00:44:08.039 Here's my question. 847 00:44:08.559 --> 00:44:09.880 We are aware we could. 848 00:44:09.840 --> 00:44:14.400 Fire this person and get a new attorney, which is 849 00:44:14.440 --> 00:44:19.920 what we're looking into. But my question is this other attorney, 850 00:44:20.880 --> 00:44:26.199 Mike is holding some documents. How do we even get 851 00:44:26.199 --> 00:44:31.960 that away from her? Because she won't even respond to 852 00:44:32.119 --> 00:44:35.239 text to emails to nothing. 853 00:44:36.119 --> 00:44:37.400 You know what, I'll bet you. 854 00:44:37.480 --> 00:44:40.679 I'll bet you I could come up with wording that 855 00:44:40.760 --> 00:44:44.480 the personal representative could send that would get a reaction. 856 00:44:45.679 --> 00:44:49.199 If you know that that attorney is getting texts. The 857 00:44:49.239 --> 00:44:54.119 personal representative can say you had a fiduciary responsibility to 858 00:44:54.239 --> 00:44:56.880 me and to the estate, and you have been lax 859 00:44:57.119 --> 00:44:59.519 in your response to me. I am going to the 860 00:44:59.559 --> 00:45:03.760 Bars Asociation and the Oversight Committee, and I'm complaining about you. 861 00:45:03.840 --> 00:45:06.360 If I do not hear from you in two days, 862 00:45:06.719 --> 00:45:09.199 that's what I would do. Now, Dan, Is that silly 863 00:45:09.239 --> 00:45:11.679 for me to say that? Or would an attorney respond 864 00:45:11.719 --> 00:45:11.960 to that? 865 00:45:12.920 --> 00:45:16.719 I don't want to interrupt, but that's exactly what happened. 866 00:45:16.760 --> 00:45:20.440 Several weeks ago, was the middle of March, and my 867 00:45:20.719 --> 00:45:22.800 one of my sons. 868 00:45:24.360 --> 00:45:26.800 Was a businessman. 869 00:45:27.079 --> 00:45:32.039 I'm very good at writing. He wrote a letter for 870 00:45:32.280 --> 00:45:36.840 the representative to make sign and. 871 00:45:36.800 --> 00:45:39.480 It was not and it was in strong wording like that, 872 00:45:39.760 --> 00:45:41.119 and it. 873 00:45:40.920 --> 00:45:44.480 Was exactly that we gave. She gave her till death 874 00:45:44.800 --> 00:45:47.320 eighteenth of March to respond, which was. 875 00:45:47.679 --> 00:45:50.960 And the attorney. Are we sure the attorney's alive? 876 00:45:54.159 --> 00:45:54.599 You know what? 877 00:45:54.800 --> 00:45:57.000 You know what hold on a second. You know what, 878 00:45:57.039 --> 00:45:59.079 We're going to call the attorney. We're going to call 879 00:45:59.079 --> 00:46:01.360 the attorney and say, look, I know you can't talk 880 00:46:01.400 --> 00:46:03.559 about this case, but you better get in touch with 881 00:46:03.599 --> 00:46:07.159 your clients because they're making noise and we're going. 882 00:46:07.039 --> 00:46:09.280 To help them lodge an official. 883 00:46:08.920 --> 00:46:14.880 Complaint against you if you do not contact them. I'll 884 00:46:14.880 --> 00:46:17.599 bet you that gets a response from a radio show. 885 00:46:17.760 --> 00:46:19.800 You want to make a bet we can get a response. 886 00:46:23.000 --> 00:46:24.800 I don't know. 887 00:46:27.000 --> 00:46:29.480 Well, here's what I want you to do, Sally. Here, 888 00:46:29.559 --> 00:46:30.639 I'm going to tell you what to do. 889 00:46:31.320 --> 00:46:34.039 I want you to hang up and call the personal 890 00:46:34.079 --> 00:46:37.800 representative and say, look, these people from the Tom Martineau 891 00:46:37.920 --> 00:46:42.840 radio show, a consumer advocacy show. They're willing to contact 892 00:46:43.039 --> 00:46:47.800 the attorney and light a fire. Okay, we can't get 893 00:46:47.840 --> 00:46:52.519 information and she can't breach any confidentiality, but she sure 894 00:46:52.519 --> 00:46:54.840 as hell will know we're telling the truth when we 895 00:46:54.880 --> 00:46:57.119 give the name of the estate and the name of 896 00:46:57.159 --> 00:46:59.800 the representative and say, look, you don't have to talk 897 00:46:59.800 --> 00:47:01.880 to us at all, but you better get in touch 898 00:47:01.920 --> 00:47:04.199 with your client or we're gonna make a case out 899 00:47:04.239 --> 00:47:07.880 of this. So you tell so do me a favor, Sally, 900 00:47:08.239 --> 00:47:11.679 contact us back and then let us know if you 901 00:47:11.760 --> 00:47:14.679 wanted us to take it to the next level. Okay, 902 00:47:15.239 --> 00:47:18.159 that's what that's what I want you to do. Three 903 00:47:18.280 --> 00:47:21.480 oho three seven one three talk seven one three eight 904 00:47:21.519 --> 00:47:25.199 two five five. Fix At twenty four to seven will 905 00:47:25.239 --> 00:47:28.920 do the deep clean of your air conditioner to get 906 00:47:28.920 --> 00:47:31.920 it ready. It's a refurbishment thirty nine bucks. You'll never 907 00:47:31.920 --> 00:47:34.320 get better. In fact, I just called fix It at 908 00:47:34.320 --> 00:47:35.480 my house for a water heater. 909 00:47:35.519 --> 00:47:36.400 They're great people. 910 00:47:36.440 --> 00:47:39.000 You can call them for anything plumbing, heating, cooling, electric 911 00:47:39.039 --> 00:47:42.119 and drains seven to zero, five two six, thirty nine, 912 00:47:42.199 --> 00:47:50.159 thirty nine. Go with a sure thing Denver's best roofer 913 00:47:50.280 --> 00:47:51.760 Excel Roofing dot com. 914 00:47:51.800 --> 00:47:53.840 You don't pay a cent until you're content. 915 00:47:57.199 --> 00:47:59.840 Time for an insurance check up free, No obligation can 916 00:47:59.840 --> 00:48:03.519 be Garrison call Compass Insurance paying too much your coverage 917 00:48:03.559 --> 00:48:06.239 at dozens of insurance companies find out Now three oh 918 00:48:06.280 --> 00:48:08.719 three seven seven to one help. You'll think you're his 919 00:48:08.880 --> 00:48:11.519 only customer when you choose Frank durand the real estate 920 00:48:11.559 --> 00:48:14.800 Man dot com to list your home with Remax Alliance 921 00:48:15.039 --> 00:48:17.360 three oh three nine two zero sixteen twenty two. 922 00:48:21.039 --> 00:48:23.440 Hey, I'm Tom Martino. 923 00:48:23.519 --> 00:48:26.880 You're a troubleshooter three O three seven one three talk 924 00:48:26.960 --> 00:48:32.960 seven one three eight two five five. Jason has an issue. 925 00:48:32.159 --> 00:48:34.880 With a trailer park. Jason, what's going on? 926 00:48:36.239 --> 00:48:36.519 Hey? 927 00:48:36.559 --> 00:48:36.800 Tom? 928 00:48:36.840 --> 00:48:37.280 How are you? 929 00:48:38.840 --> 00:48:39.280 Good man? 930 00:48:39.440 --> 00:48:43.639 I was helping a buddy six a leak up in 931 00:48:43.760 --> 00:48:46.199 Glenwood Springs at a trailer park. 932 00:48:47.320 --> 00:48:50.000 And now is this buddy? Is this buddy? 933 00:48:50.320 --> 00:48:50.679 Hold on? 934 00:48:51.199 --> 00:48:54.639 Is this buddy renting a trailer there? Or does he 935 00:48:54.760 --> 00:48:56.519 own his own trailer there? 936 00:48:57.280 --> 00:49:03.039 They they own the park, him and his family, oh 937 00:49:03.280 --> 00:49:04.639 owned the trailer park. 938 00:49:05.880 --> 00:49:07.920 And the old. 939 00:49:07.119 --> 00:49:14.440 Abandoned trailer park. And they think the waterline froze underneath. 940 00:49:13.840 --> 00:49:14.960 It and broke. 941 00:49:15.119 --> 00:49:18.519 And so I went up there with him to help. 942 00:49:18.400 --> 00:49:19.199 Him fix it. 943 00:49:20.880 --> 00:49:23.239 And then he lived in Florida, So she took. 944 00:49:23.039 --> 00:49:26.840 Off and didn't help, went back to Florida, and I 945 00:49:26.960 --> 00:49:31.320 drove back up to Glenwood Springs and dug it up 946 00:49:31.760 --> 00:49:36.840 and capped the line and fixed a water hydrant and 947 00:49:36.920 --> 00:49:40.440 did some other work around the trailer parks. I was 948 00:49:40.519 --> 00:49:46.280 up there for two weeks, and I asked them for 949 00:49:46.400 --> 00:49:48.159 my money when I left. 950 00:49:48.440 --> 00:49:50.639 Wait a minute, you said, this is a friend, right, 951 00:49:50.760 --> 00:49:53.320 a buddy, This is a buddy, yeah. 952 00:49:53.199 --> 00:49:54.119 From high school? 953 00:49:55.880 --> 00:49:57.000 And so you. 954 00:49:56.920 --> 00:50:00.800 Helped him, and how much did he agree to pay you? 955 00:50:01.000 --> 00:50:03.400 Was this like a buddy thing or did he agree. 956 00:50:03.119 --> 00:50:03.559 To pay you? 957 00:50:05.000 --> 00:50:08.760 He did in a text, he agreed to pay me 958 00:50:09.039 --> 00:50:14.360 fifty dollars an hour. And like I said, I was 959 00:50:14.440 --> 00:50:17.679 up there for two weeks. And then like towards the 960 00:50:17.760 --> 00:50:21.559 end of the job, it got weird because I hired 961 00:50:21.599 --> 00:50:24.519 a couple of guys that actually lived at the trailer 962 00:50:24.599 --> 00:50:26.079 park to help me dig, because. 963 00:50:26.119 --> 00:50:28.559 Yeah, but did you have did you have permission to 964 00:50:28.599 --> 00:50:28.920 do that? 965 00:50:30.360 --> 00:50:30.760 Yes? 966 00:50:31.679 --> 00:50:35.079 And they paid, They paid the guys, but they still 967 00:50:35.119 --> 00:50:38.639 haven't paid me. And his cousins, who is the manager 968 00:50:38.679 --> 00:50:40.599 of the trailer park, keeps telling you the checks and 969 00:50:40.679 --> 00:50:42.760 the mail, and I wait. 970 00:50:42.639 --> 00:50:45.400 How much are you owed? How much Jason? How much 971 00:50:45.440 --> 00:50:46.719 are you owed altogether? 972 00:50:47.599 --> 00:50:50.119 So what I was owed and what I told him 973 00:50:50.119 --> 00:50:52.840 to pay me are two different amounts. I just wanted 974 00:50:52.840 --> 00:50:55.119 to get paid. I told him to just pay. 975 00:50:54.960 --> 00:51:00.480 Me for fifty hours. How much fifty hours times fifty. 976 00:51:00.199 --> 00:51:02.679 Times fifty So yeah, twenty five hundred bought it. But 977 00:51:02.719 --> 00:51:06.280 I was up there for two weeks, hotels, food. 978 00:51:08.599 --> 00:51:09.320 Stuff like that. 979 00:51:09.400 --> 00:51:11.360 I was living in my truck and I was paying 980 00:51:11.400 --> 00:51:11.519 for it. 981 00:51:12.719 --> 00:51:17.119 Have you ever talked personally to your buddy. I have. 982 00:51:20.400 --> 00:51:24.320 And so so, like when it came time to get paid, 983 00:51:24.880 --> 00:51:27.079 he's like, so, how much do you want to get paid? 984 00:51:27.280 --> 00:51:29.679 And I was like, well, I told you we can 985 00:51:29.800 --> 00:51:31.679 figure this out at the end of the thing. But 986 00:51:31.800 --> 00:51:34.760 you told me fifty dollars and I told you I 987 00:51:34.840 --> 00:51:36.400 was fine with you. Yeah, it was an hour. 988 00:51:37.000 --> 00:51:37.199 Yeah. 989 00:51:37.239 --> 00:51:40.119 Then when they're like, well, how many hours did you work? 990 00:51:40.159 --> 00:51:42.840 Did you work more hours than your guys or less 991 00:51:42.880 --> 00:51:46.280 hours because the guys worked forty seven And I said, well, 992 00:51:46.320 --> 00:51:48.159 I was there almost a week before. 993 00:51:48.519 --> 00:51:50.960 I did a lot more work I had. 994 00:51:51.119 --> 00:51:52.119 Yeah, but it doesn't matter. 995 00:51:52.159 --> 00:51:55.559 You're only charging twenty You're only charging twenty five hundred. 996 00:51:55.639 --> 00:51:57.599 When you told him that, did he agree to it? 997 00:51:58.840 --> 00:51:59.039 Yes? 998 00:52:00.119 --> 00:52:01.440 Oh well, and you know. 999 00:52:01.440 --> 00:52:04.480 This is like and like I said, I got text 1000 00:52:04.559 --> 00:52:06.360 and they got pictures of Jason. 1001 00:52:07.519 --> 00:52:13.639 Yes, when was the last time you were on that job? 1002 00:52:14.239 --> 00:52:17.320 I'm asking for a very specific purpose. When was the 1003 00:52:17.400 --> 00:52:18.920 last time you were at that job? 1004 00:52:20.159 --> 00:52:20.239 Right? 1005 00:52:20.599 --> 00:52:20.880 Good? 1006 00:52:21.039 --> 00:52:23.159 Two three weeks ago? And that's why I'm calling, because 1007 00:52:23.159 --> 00:52:25.440 I don't know if you need them or. 1008 00:52:25.440 --> 00:52:32.320 If you absolutely positively, you absolutely positively need to put 1009 00:52:32.360 --> 00:52:32.960 a lien. 1010 00:52:32.880 --> 00:52:34.760 On that okay. 1011 00:52:34.920 --> 00:52:37.320 So and if you if you don't know how to 1012 00:52:37.360 --> 00:52:39.679 do it, you hire an attorney to do it. You 1013 00:52:39.840 --> 00:52:42.480 need to put a lien on it. First, you have 1014 00:52:42.559 --> 00:52:44.920 to warn them you're putting a lien. Then you do 1015 00:52:45.000 --> 00:52:48.039 a lien, you file an attent to lean, or you 1016 00:52:48.079 --> 00:52:50.840 notify them of an intent to lean, and then you 1017 00:52:51.000 --> 00:52:54.079 lean it. And there's a very specific time period. I 1018 00:52:54.159 --> 00:52:56.880 suggest you hire an attorney to do it. It's worth 1019 00:52:56.880 --> 00:52:59.159 it for and I wouldn't go for just the twenty 1020 00:52:59.199 --> 00:53:02.159 five hundred. I would go for the full amount unless 1021 00:53:02.199 --> 00:53:05.119 you have that in writing somewhere on the twenty five hundred. 1022 00:53:05.559 --> 00:53:08.679 I would tell him, hey, you know I'm leaning you 1023 00:53:09.159 --> 00:53:11.960 and this is how much I want. Now you can 1024 00:53:12.039 --> 00:53:15.719 always settle after that, but you must do a lean. 1025 00:53:16.119 --> 00:53:17.239 And what county is this? 1026 00:53:18.960 --> 00:53:19.559 Uh? 1027 00:53:19.599 --> 00:53:20.079 What is it? 1028 00:53:20.159 --> 00:53:21.760 MESA? 1029 00:53:21.880 --> 00:53:25.400 But I okay, well, I think, okay. 1030 00:53:25.119 --> 00:53:28.800 Well when would any attorney in the state can file 1031 00:53:28.800 --> 00:53:31.679 a lien on that. But you need to find someone 1032 00:53:31.760 --> 00:53:34.920 to do that immediately. Do not wait, because you only 1033 00:53:34.920 --> 00:53:38.639 have a certain amount of time from the end of 1034 00:53:38.679 --> 00:53:43.320 the job to do your intent and then to do 1035 00:53:43.360 --> 00:53:43.880 your lean. 1036 00:53:45.719 --> 00:53:49.599 Okay, Can I asked you one more favor or one 1037 00:53:49.599 --> 00:53:50.559 more sure you think? 1038 00:53:50.679 --> 00:53:53.920 Go ahead? No, go ahead? What is your question? 1039 00:53:55.199 --> 00:53:56.880 Do you think you guys should call and try and 1040 00:53:56.960 --> 00:53:57.880 light a fire. 1041 00:53:58.840 --> 00:54:00.880 Under the Oh? Yeah, yeah we could do that. 1042 00:54:01.599 --> 00:54:03.480 Who do we hey, Kachina, who do we have on 1043 00:54:03.559 --> 00:54:06.559 duty today? I don't want to overload the deputy d here? 1044 00:54:06.840 --> 00:54:09.320 Oop Dollar and Deputy Chopper? 1045 00:54:10.440 --> 00:54:14.519 Oh okay, sorry, so Chopper you're in the studio, Yes, sir? 1046 00:54:15.800 --> 00:54:17.079 Who else is in the studio? 1047 00:54:17.760 --> 00:54:18.679 Deputy Dollar? 1048 00:54:19.119 --> 00:54:19.480 I'm here? 1049 00:54:19.559 --> 00:54:23.679 Tom okay, cool, okay, cool, let's do that. Let's let's 1050 00:54:24.480 --> 00:54:28.599 let's call and see if we can light a fire, 1051 00:54:28.719 --> 00:54:32.119 so to speak. Thank you Jason for calling three oh 1052 00:54:32.159 --> 00:54:34.320 three seven one three A two five five. 1053 00:54:34.639 --> 00:54:35.840 Dan McKenzie's with us. 1054 00:54:35.840 --> 00:54:38.760 I have a quick question for Dan or actually Dimitri, 1055 00:54:38.920 --> 00:54:42.320 you have one? What is it? Yeah? 1056 00:54:43.320 --> 00:54:46.039 So you know, over my lifetime, I've learned a lot 1057 00:54:46.079 --> 00:54:48.599 about how to do stuff right by also learning how 1058 00:54:48.679 --> 00:54:49.239 not to do it? 1059 00:54:50.320 --> 00:54:52.679 So what is wrong with this possible scenario? 1060 00:54:53.639 --> 00:54:56.639 Instead of hiring someone like you to write up my will, 1061 00:54:57.360 --> 00:55:00.039 why wouldn't I just simply write up everything I I 1062 00:55:00.079 --> 00:55:03.000 want to have happened, including whom I want to have 1063 00:55:03.039 --> 00:55:06.760 what not half the letter notarized and give it to 1064 00:55:06.800 --> 00:55:10.639 my beneficiaries, possibly with a small stack of signed blank 1065 00:55:10.719 --> 00:55:14.559 checks to all of my accounts. Now, I'm not suggesting 1066 00:55:14.599 --> 00:55:16.880 this is the proper way to do it. I realized 1067 00:55:16.920 --> 00:55:19.159 this is the improper way to do it. But I'm 1068 00:55:19.199 --> 00:55:21.719 wondering why it's improper, because I think that will help 1069 00:55:21.760 --> 00:55:24.320 me understand the reason to do it properly. 1070 00:55:25.199 --> 00:55:28.400 I mean, are your beneficiaries authorized to sign? You said 1071 00:55:28.880 --> 00:55:33.159 the checks are signed? Yeah, I mean obviously signed by you. Yeah, 1072 00:55:33.239 --> 00:55:34.760 pre signed blank checks. 1073 00:55:35.079 --> 00:55:37.360 And I'll say, look, when I die in this letter, 1074 00:55:37.400 --> 00:55:39.199 I want you to have all of these accounts hold 1075 00:55:39.239 --> 00:55:40.360 the blank checks just right. 1076 00:55:40.679 --> 00:55:44.119 When are you going to give me that check? Anyway? 1077 00:55:44.400 --> 00:55:47.280 So the probate process is an orderly process for making 1078 00:55:47.320 --> 00:55:51.079 sure everybody has the information and knows what's going on, 1079 00:55:51.119 --> 00:55:53.280 and somebody's in charge and has a responsibility. 1080 00:55:53.960 --> 00:55:56.320 I mean, this is I would say that's a weird 1081 00:55:56.360 --> 00:55:58.079 way of doing it, but there would be nothing wrong 1082 00:55:58.079 --> 00:56:01.559 with him doing that, right, I'm and it's kind of weird. 1083 00:56:01.960 --> 00:56:04.800 Yeah, you're there's no way that will is gonna be 1084 00:56:04.800 --> 00:56:07.000 any good. It's gonna have ambiguities in it. It's gonna 1085 00:56:07.000 --> 00:56:08.159 miss stuff that you don't. 1086 00:56:07.960 --> 00:56:09.280 But what about the blank checks. 1087 00:56:09.480 --> 00:56:12.840 If I had a check from Dmitri signed and he dies, 1088 00:56:13.400 --> 00:56:15.559 and I know he has fifty grandies that I could have, 1089 00:56:16.039 --> 00:56:18.280 what would prevent me of writing a check on that can? 1090 00:56:18.280 --> 00:56:19.639 When you just write a bigger. 1091 00:56:19.440 --> 00:56:22.880 Check, we well, because I don't want it to bounce. 1092 00:56:22.599 --> 00:56:24.719 You're I mean, you're creating a fertile I don't want. 1093 00:56:24.599 --> 00:56:25.199 It to bounce. 1094 00:56:25.679 --> 00:56:29.800 Okay, So would anyone protest if I if a day 1095 00:56:29.840 --> 00:56:32.559 after he dies a check shows up at the bank, 1096 00:56:32.840 --> 00:56:33.800 would they honor it? 1097 00:56:34.599 --> 00:56:36.400 Well, they would honor it, right because they have no 1098 00:56:36.440 --> 00:56:37.280 idea that I die. 1099 00:56:37.360 --> 00:56:39.039 Yeah, Okay, So now you're committing fraud? 1100 00:56:39.320 --> 00:56:41.760 What that's fraudulent to. 1101 00:56:41.199 --> 00:56:42.840 Cash a check for somebody who's dead and not tell 1102 00:56:42.920 --> 00:56:43.480 him they're dead? 1103 00:56:44.119 --> 00:56:46.639 Really sure, you're you're taking. 1104 00:56:46.400 --> 00:56:48.440 Money out of a dead person's again, I mean immediately 1105 00:56:48.480 --> 00:56:49.840 that bank is going to lock that account of. 1106 00:56:50.000 --> 00:56:55.000 Okay, Okay, all right, it's not proper, okay, and in 1107 00:56:55.039 --> 00:56:55.920 a nutshell, But. 1108 00:56:55.880 --> 00:56:59.960 What about I understand is improper. But I'm just wonder 1109 00:57:00.199 --> 00:57:02.800 why it's improper. Improper? 1110 00:57:02.920 --> 00:57:06.039 So, well, it's not like it's not a not an 1111 00:57:06.079 --> 00:57:09.360 ideal way to distribute his assets. He wants to know 1112 00:57:09.719 --> 00:57:11.639 you're looking for a quick and easy way. 1113 00:57:11.480 --> 00:57:16.000 To distribute assets with two beneficiaries, my my nephew and 1114 00:57:16.039 --> 00:57:16.800 my niece. 1115 00:57:16.559 --> 00:57:19.679 Why not just put designated beneficiaries on the account. I 1116 00:57:19.719 --> 00:57:21.239 already did that, Okay. 1117 00:57:21.320 --> 00:57:24.079 Okay, death on on what do they call it? Death? 1118 00:57:25.320 --> 00:57:29.239 Called a beneficiary and all the answer that the automatic automa. 1119 00:57:29.440 --> 00:57:31.159 That then you've done it already. 1120 00:57:31.639 --> 00:57:35.000 If you put them as as do on death for 1121 00:57:35.079 --> 00:57:38.679 them payable on death certificate and for your two very 1122 00:57:38.719 --> 00:57:40.320 nephew and niece, that's done. 1123 00:57:40.519 --> 00:57:41.320 You You did it. 1124 00:57:41.400 --> 00:57:43.440 Your will is not going to control that at all. 1125 00:57:43.719 --> 00:57:47.280 Right, another thing you can do, and there's a you know, 1126 00:57:47.320 --> 00:57:49.079 there's all kinds of tricky things you can do. 1127 00:57:49.159 --> 00:57:51.559 It's better to do it the right way. But payable 1128 00:57:51.559 --> 00:57:52.039 on death. 1129 00:57:52.440 --> 00:57:55.880 Uh, certificates on accounts are really easy. 1130 00:57:56.159 --> 00:57:58.079 And by the way, I do intend to do it correctly. 1131 00:57:58.159 --> 00:58:01.079 But that is asistence you already he did. Payable on death, 1132 00:58:01.119 --> 00:58:01.760 that's correct. 1133 00:58:01.880 --> 00:58:04.079 That is the rest of my stuff, For example, the 1134 00:58:04.119 --> 00:58:06.320 sale of my business, and I already know a company 1135 00:58:06.320 --> 00:58:08.679 that wants to buy it for a fair price, and 1136 00:58:08.760 --> 00:58:11.400 I want them to pay my beneficiary for that company. 1137 00:58:11.960 --> 00:58:14.440 And the only other asset I have is my home, 1138 00:58:14.800 --> 00:58:16.159 and I know what that is? 1139 00:58:16.480 --> 00:58:17.880 I mean, how do they know who your beneficiary? 1140 00:58:18.239 --> 00:58:21.239 You have to have a will. Now you could have. 1141 00:58:22.719 --> 00:58:24.800 This is getting a little complicated, but you could have 1142 00:58:24.840 --> 00:58:29.400 an LLC. It's a poor man's trust that owns that stuff. 1143 00:58:29.840 --> 00:58:32.440 And you could make your niece and nephew members of 1144 00:58:32.480 --> 00:58:37.199 the LLC and you can have your membership interest go 1145 00:58:37.360 --> 00:58:41.199 to them upon your death, so it literally doesn't hit 1146 00:58:41.280 --> 00:58:45.280 your estate. They have an LLC and it's simply I 1147 00:58:45.360 --> 00:58:46.599 call it a poor man's trust. 1148 00:58:46.960 --> 00:58:49.119 But dan is that considered weird? 1149 00:58:49.679 --> 00:58:53.280 I mean, I don't know if it's a poor man's trust. 1150 00:58:53.840 --> 00:58:56.000 The benefit of a trust is it puts one person 1151 00:58:56.000 --> 00:58:58.800 in charge. Right In an LLC, you know, you just 1152 00:58:58.880 --> 00:59:00.960 got to set it up correctly and clear. Here's how 1153 00:59:01.000 --> 00:59:03.639 we deal with conflicts. Yeah, because a trust is going 1154 00:59:03.679 --> 00:59:04.079 to make happen. 1155 00:59:04.159 --> 00:59:07.719 An LLC operating agreement can do everything you want, really 1156 00:59:07.760 --> 00:59:11.559 an LLC and survive your death because on your death, 1157 00:59:11.760 --> 00:59:15.760 your ownership goes to the survivors. I've done LLC operating 1158 00:59:15.800 --> 00:59:19.000 agreements like that, where you know, with with my wife 1159 00:59:19.119 --> 00:59:21.239 or with someone who when I die, they get it 1160 00:59:21.280 --> 00:59:25.880 all and then there is no there is no probate, 1161 00:59:25.960 --> 00:59:29.079 there is no, a state. It just is an LLC, 1162 00:59:29.199 --> 00:59:32.280 and that LLC is an entity unto itself like a 1163 00:59:32.320 --> 00:59:35.920 trust is. But what Dan said is correct. In a 1164 00:59:36.039 --> 00:59:40.480 trust you can be very specific about distributions and who's 1165 00:59:40.519 --> 00:59:45.360 in charge and who makes decisions, and then so in 1166 00:59:45.400 --> 00:59:47.800 an LLC, and I don't know why I call it 1167 00:59:47.840 --> 00:59:50.320 a poor man's trust, I just figure it's cheaper to 1168 00:59:50.360 --> 00:59:51.079 do than a trust. 1169 00:59:51.119 --> 00:59:54.480 Dan, Yes, No, I mean I've used LLCs for situations 1170 00:59:55.000 --> 00:59:57.159 one of your callers, actually, if you remember the guy 1171 00:59:57.159 --> 00:59:59.719 who had the farm and all the dead right, yeah, 1172 01:00:00.039 --> 01:00:01.679 on it to do that? 1173 01:00:01.880 --> 01:00:02.199 All right? 1174 01:00:02.280 --> 01:00:04.280 So we got more coming up on the Troubleshooter Show'm 1175 01:00:04.320 --> 01:00:06.400 running a little late, so we'll be back right after this. 1176 01:00:11.400 --> 01:00:14.639 Go with a sure thing Denver's Best rufer excel roofing 1177 01:00:14.760 --> 01:00:17.400 dot com. You don't pay a cent until you're content. 1178 01:00:20.760 --> 01:00:23.960 Time for an insurance check up free, no obligation. In comparison, 1179 01:00:24.079 --> 01:00:27.599 call Compass insurance paying too much your coverage at dozens 1180 01:00:27.639 --> 01:00:30.400 of insurance companies find out now three all three seven 1181 01:00:30.480 --> 01:00:33.280 seven to one help. You'll think you're his only customer 1182 01:00:33.320 --> 01:00:35.599 when you choose Frank durand the Real estate Man dot 1183 01:00:35.599 --> 01:00:38.960 com to list your home with Remax Alliance three All 1184 01:00:38.960 --> 01:00:43.079 three nine two zero sixteen twenty two. Tom Martino here 1185 01:00:43.199 --> 01:00:46.760 three All three seven one three Talk Darryl and my 1186 01:00:46.840 --> 01:00:47.679 other brother Daryl. 1187 01:00:47.760 --> 01:00:51.199 Remember that. I'll never forget that anyway. Darryl. What's going on? 1188 01:00:51.280 --> 01:00:52.320 Man with DMV. 1189 01:00:53.719 --> 01:00:56.400 Yeah, it's Darryl, Daryl and my brother Larry. 1190 01:00:58.199 --> 01:00:58.360 That. 1191 01:00:58.519 --> 01:00:59.760 Oh okay, that's right. 1192 01:01:00.320 --> 01:01:03.119 This is Larry, This is I'm Darryl and this is 1193 01:01:03.159 --> 01:01:04.280 my other brother Darryl. 1194 01:01:04.480 --> 01:01:06.320 Right, So what's going on, Darryl? 1195 01:01:08.199 --> 01:01:12.000 So the other day I went to renew my license 1196 01:01:12.320 --> 01:01:16.559 in Fort Morgan at the department or Motor Vehicle and 1197 01:01:18.320 --> 01:01:22.039 they had an armed guard standing at the door, wouldn't 1198 01:01:22.119 --> 01:01:24.719 let me in because you have to make one an 1199 01:01:24.719 --> 01:01:29.320 appointment online. And I said, I'm here and. 1200 01:01:30.559 --> 01:01:33.239 There's nobody in this room. 1201 01:01:33.679 --> 01:01:38.440 Nobody and you got three people working over there, didn't matter. 1202 01:01:38.960 --> 01:01:40.400 You got to make an appointment online. 1203 01:01:40.440 --> 01:01:42.360 Well, hold on, couldn't you make it? Couldn't you have 1204 01:01:42.400 --> 01:01:44.440 taken out your phone and made an appointment? 1205 01:01:46.360 --> 01:01:46.599 Yeah? 1206 01:01:46.800 --> 01:01:52.280 If I wanted to wait another forty five days, what. 1207 01:01:52.119 --> 01:01:52.880 Wait a minute? 1208 01:01:53.039 --> 01:01:57.719 So they didn't have any appointments open online. But you 1209 01:01:57.800 --> 01:02:00.519 were there and no one was there, and they wouldn't 1210 01:02:00.559 --> 01:02:01.000 let you in. 1211 01:02:02.960 --> 01:02:06.719 There's an armed guard at the door, wouldn't let me in. 1212 01:02:06.760 --> 01:02:10.400 And there wasn't a soul in the room. Nobody. 1213 01:02:11.679 --> 01:02:13.639 So I went out and stand it on my phone. 1214 01:02:13.719 --> 01:02:16.280 Forty five days later, I can get an appointment. But 1215 01:02:16.360 --> 01:02:20.400 my question is, COVID is over, it's done. 1216 01:02:20.639 --> 01:02:22.280 It's a thing of the past, right. 1217 01:02:22.320 --> 01:02:24.760 Why do you have to have poyment online? 1218 01:02:24.800 --> 01:02:25.079 Why? 1219 01:02:25.360 --> 01:02:31.360 Why? But here's what I don't understand. How long was 1220 01:02:31.400 --> 01:02:33.719 that place empty when you were there? 1221 01:02:35.320 --> 01:02:35.519 Well? 1222 01:02:35.639 --> 01:02:38.360 I didn't wait around, tom, but I you know it 1223 01:02:38.880 --> 01:02:42.119 was I didn't wait to see if people were coming in. 1224 01:02:42.239 --> 01:02:45.000 I just made the statement, I said, there's nobody in here. Well, 1225 01:02:45.079 --> 01:02:49.559 we have appointments coming. Okay, they might be coming, but 1226 01:02:49.639 --> 01:02:52.679 I'm standing here right now, and you've got it. 1227 01:02:52.880 --> 01:02:54.800 And you could have had it done in the glass 1228 01:02:54.920 --> 01:02:57.079 not working. You got three. 1229 01:02:56.960 --> 01:03:01.000 People, right, that is so, and you could have probably 1230 01:03:01.039 --> 01:03:03.079 been in and out of there and what ten minutes? 1231 01:03:03.119 --> 01:03:04.519 What you know? Really? 1232 01:03:06.320 --> 01:03:08.840 Yeah? So why? 1233 01:03:08.960 --> 01:03:09.400 Why? 1234 01:03:09.840 --> 01:03:11.199 Who makes these rules? 1235 01:03:11.280 --> 01:03:12.559 Is that a state thing? 1236 01:03:13.039 --> 01:03:14.559 Is that a governor? 1237 01:03:14.599 --> 01:03:15.280 Who does that? 1238 01:03:18.239 --> 01:03:20.920 You know what? That's a good question. I don't know. 1239 01:03:21.280 --> 01:03:22.840 I actually don't know who. I mean. 1240 01:03:22.920 --> 01:03:25.559 DMV would ultimately be the governor. But he's not going 1241 01:03:25.599 --> 01:03:28.639 to address it, you know. I mean the only time 1242 01:03:28.679 --> 01:03:31.199 he'll address it is that California does something and he'll 1243 01:03:31.199 --> 01:03:35.400 copy it. But I don't really know what to tell you. 1244 01:03:35.639 --> 01:03:38.159 I mean, who's the head of DMV? Did you did 1245 01:03:38.199 --> 01:03:40.239 you try complaining to a supervisor? 1246 01:03:42.079 --> 01:03:47.679 Well, they wouldn't even let me in the door. And 1247 01:03:47.719 --> 01:03:50.000 I what, you know, what I was really shocked about 1248 01:03:50.159 --> 01:03:52.079 is an arm guard? 1249 01:03:52.199 --> 01:03:52.480 Really? 1250 01:03:53.760 --> 01:03:55.960 I mean, I get it. 1251 01:03:56.159 --> 01:03:58.440 I don't I don't get I don't get what's going on. 1252 01:03:58.679 --> 01:04:01.079 I don't think they're all like that. Do they all 1253 01:04:01.119 --> 01:04:02.639 require appointments? 1254 01:04:02.639 --> 01:04:09.039 Do you know every single on everyone I went on 1255 01:04:09.079 --> 01:04:14.199 the DMV website, you can't get an appointment for less 1256 01:04:14.239 --> 01:04:18.239 than twenty or thirty days out. 1257 01:04:18.800 --> 01:04:20.800 Well, you know, but in a way, if you think 1258 01:04:20.840 --> 01:04:25.599 about it in a way, hold on, I understand, I 1259 01:04:25.679 --> 01:04:28.599 understand your frustration, But if you think about it, I 1260 01:04:28.679 --> 01:04:31.719 used to hate going to DMV and waiting in those lines. 1261 01:04:32.039 --> 01:04:34.440 And I don't know if there's anything wrong with an 1262 01:04:34.480 --> 01:04:38.280 appointment system, it just so happens that you didn't know 1263 01:04:38.280 --> 01:04:42.239 about it, so you showed up there. I mean, I listen, 1264 01:04:42.320 --> 01:04:44.760 I understand you're upset, and you want to get the 1265 01:04:44.760 --> 01:04:49.880 word out right. But I think in reality though, is 1266 01:04:50.559 --> 01:04:53.119 what would like is your license going to expire in 1267 01:04:53.159 --> 01:04:53.800 the meantime? 1268 01:04:56.559 --> 01:05:03.440 Yes, so, I don't know, man, there's not one office 1269 01:05:04.079 --> 01:05:06.559 you can make an appointment with. 1270 01:05:07.000 --> 01:05:07.800 What were you going to say? 1271 01:05:07.840 --> 01:05:11.599 D So the appointment thing has been in effect for 1272 01:05:11.639 --> 01:05:12.840 at least five years. 1273 01:05:12.559 --> 01:05:15.119 Now, well, no, five years? Yeah? 1274 01:05:15.199 --> 01:05:15.440 Yeah. 1275 01:05:15.559 --> 01:05:18.159 I renewed my license about three years ago and it 1276 01:05:18.199 --> 01:05:21.599 was appointment only, and for me it was, you know, 1277 01:05:21.800 --> 01:05:24.880 about a month out like our caller says. But what 1278 01:05:24.920 --> 01:05:27.360 I liked about it is when I walked in, they 1279 01:05:27.400 --> 01:05:28.599 were ready to take care of me. 1280 01:05:29.239 --> 01:05:30.840 I like that in two minutes. 1281 01:05:31.000 --> 01:05:34.559 I like this, wait a month? 1282 01:05:35.840 --> 01:05:38.280 I mean, well, it's once again you've waited a. 1283 01:05:38.239 --> 01:05:39.239 Month to get in there. 1284 01:05:40.360 --> 01:05:41.920 All right, let me summarize it this way. 1285 01:05:42.039 --> 01:05:44.079 But you really didn't wait. I mean you're you're not 1286 01:05:44.159 --> 01:05:45.119 like waiting in line. 1287 01:05:45.280 --> 01:05:49.039 I mean yeah, once again, DMV is providing the punchline 1288 01:05:49.079 --> 01:05:51.199 to every joke we've ever heard about DMV. 1289 01:05:51.400 --> 01:05:51.719 All right. 1290 01:05:51.800 --> 01:05:54.159 And if you looked at that one cartoon they had 1291 01:05:54.159 --> 01:05:57.480 the DMV workers where snails or sloths? 1292 01:05:57.599 --> 01:05:59.559 They were sloths, that's right, not snails. 1293 01:05:59.760 --> 01:06:02.679 It's it's part of the government system and unless you're 1294 01:06:02.679 --> 01:06:04.679 going to run for office and change it, then we 1295 01:06:04.800 --> 01:06:06.039 just got to work within the system. 1296 01:06:06.159 --> 01:06:09.000 Now, BO, Deputy Bow has a suggestion. BO, what were 1297 01:06:09.000 --> 01:06:17.679 you going to say? Is Deputy Bow there? Or Bo, 1298 01:06:17.840 --> 01:06:20.880 do you have a suggestion? Yes? Now I can go ahead. 1299 01:06:21.199 --> 01:06:24.719 Yes, the caller needs to get go on the DMV 1300 01:06:25.280 --> 01:06:28.239 Department of Revenue website and get a hold of a 1301 01:06:28.360 --> 01:06:33.599 lady named Heidi Humphreys. She's the director of the DMV 1302 01:06:33.800 --> 01:06:38.239 for license plates and driver's licenses. I had a big issue. 1303 01:06:37.880 --> 01:06:40.719 With the title. I wrote her a letter or are 1304 01:06:40.760 --> 01:06:41.119 you think you. 1305 01:06:41.119 --> 01:06:43.159 Can call her? And she's can cut through the red 1306 01:06:43.239 --> 01:06:45.559 tape and get it, you. 1307 01:06:45.519 --> 01:06:46.039 Know, help. 1308 01:06:46.119 --> 01:06:48.320 But she's not going to make a special exception and 1309 01:06:48.360 --> 01:06:49.519 make an appointment for him. 1310 01:06:49.599 --> 01:06:52.639 I mean, it's not going to help him with his issue. 1311 01:06:53.199 --> 01:06:53.679 They won't. 1312 01:06:53.719 --> 01:06:57.239 But for all of our listeners, the DMV needs to. 1313 01:06:57.199 --> 01:06:59.519 Change because going there is like going to a third 1314 01:06:59.559 --> 01:07:00.400 world country. 1315 01:07:00.679 --> 01:07:03.159 I get it. I was intimidated with the guy with. 1316 01:07:03.199 --> 01:07:06.159 The pistol on his tip, you know, and you're right. 1317 01:07:06.199 --> 01:07:09.400 You go in there, there's forty empty seats and you just. 1318 01:07:09.679 --> 01:07:11.599 You know, you can't get in there for an appointment. 1319 01:07:11.679 --> 01:07:13.400 Some people just don't know how to make. 1320 01:07:13.280 --> 01:07:14.480 An appointment online. 1321 01:07:14.519 --> 01:07:17.559 But just you know, she's the lady that can make 1322 01:07:17.679 --> 01:07:18.920 changes at the DMV. 1323 01:07:19.880 --> 01:07:21.480 Not for this, but for you know. 1324 01:07:24.079 --> 01:07:28.320 We're paying the time their salaries. You know, there needs 1325 01:07:28.360 --> 01:07:29.079 to be changes. 1326 01:07:29.119 --> 01:07:32.960 And I feel for this. I had a similar problem. 1327 01:07:33.400 --> 01:07:36.679 And okay, it takes to go in there and get 1328 01:07:36.719 --> 01:07:40.440 a duplicate driver's license. It's ridiculous, you know. 1329 01:07:40.519 --> 01:07:43.800 But but okay, we say it's ridiculous. But what I'm 1330 01:07:43.840 --> 01:07:47.920 saying is making an appointment. When you're waiting those three weeks, 1331 01:07:47.960 --> 01:07:51.159 you're not waiting, You're doing your life. It's I'd rather 1332 01:07:51.559 --> 01:07:55.039 have it that way than waiting three hours at the 1333 01:07:55.320 --> 01:07:58.639 DMV office. I mean I used to go there and 1334 01:07:58.760 --> 01:08:02.199 sometimes you would you take that ticket and you sit 1335 01:08:02.280 --> 01:08:06.559 down and you're waiting hours. I don't see the big 1336 01:08:06.599 --> 01:08:09.880 problem with making an appointment. I think the biggest problem 1337 01:08:10.000 --> 01:08:13.239 was Daryl did not know it, so he showed up there. 1338 01:08:13.559 --> 01:08:16.520 But had he known it that it was by appointment 1339 01:08:16.600 --> 01:08:21.640 only then he could have accomplished what he wanted. I mean, bo, 1340 01:08:21.840 --> 01:08:23.840 do you see a problem with appointments? 1341 01:08:23.920 --> 01:08:29.000 I don't go with a sure thing. 1342 01:08:29.119 --> 01:08:32.399 Denver's Best Roofer Excel roofing dot com. You don't pay 1343 01:08:32.439 --> 01:08:38.520 a cent until you're content. Time for an insurance check 1344 01:08:38.600 --> 01:08:42.479 up free, no obligation. In comparison, call Compass Insurance paying 1345 01:08:42.520 --> 01:08:45.560 too much your coverage at dozens of insurance companies find 1346 01:08:45.560 --> 01:08:47.920 out now three O three seven to seven to one help. 1347 01:08:48.079 --> 01:08:50.720 You'll think you're his only customer when you choose Frank 1348 01:08:50.800 --> 01:08:53.239 durand the real estate Man dot com to list your 1349 01:08:53.279 --> 01:08:56.439 home with Remax Alliance three oh three nine two zero 1350 01:08:56.520 --> 01:09:07.119 sixteen twenty two. Hey, I'm Tom Martino, your troubleshooter three 1351 01:09:07.239 --> 01:09:09.760 O three seven one three talk seven one three eight 1352 01:09:09.760 --> 01:09:12.359 two five five talking to Cliff, Cliff. 1353 01:09:12.399 --> 01:09:14.199 What's going on with you? Cliff? What's happening? 1354 01:09:16.199 --> 01:09:18.760 You may have seen some of these car washes around town. 1355 01:09:18.920 --> 01:09:21.960 Take five. I think they also have oil chain services. 1356 01:09:24.119 --> 01:09:25.159 It's called take five. 1357 01:09:26.399 --> 01:09:31.840 Take five. Yeah. I signed up for a monthly subscription 1358 01:09:32.159 --> 01:09:35.159 and my wife had signed up for a monthly subscription 1359 01:09:35.319 --> 01:09:36.600 to their car washes. 1360 01:09:37.760 --> 01:09:38.720 And how do they work? 1361 01:09:38.840 --> 01:09:42.920 Discovered? Well, so you pay, you pay a flat rate. 1362 01:09:43.039 --> 01:09:47.560 So it's either sixteen twenty two or I think maybe 1363 01:09:47.600 --> 01:09:51.359 twenty seven dollars tiered different service levels. 1364 01:09:52.640 --> 01:09:55.039 All right, hold on, I want to hear about this, cliff, 1365 01:09:55.079 --> 01:09:56.640 hang on, I want to I want to hear about 1366 01:09:56.680 --> 01:09:57.279 how this works. 1367 01:09:57.279 --> 01:09:58.079 We're running out of Tom. 1368 01:09:58.119 --> 01:10:00.800 I'll take you right up after the first So hang on, 1369 01:10:00.960 --> 01:10:04.640 I'm Tom Martino. Take five car Wash. What's wrong with him? 1370 01:10:04.640 --> 01:10:14.000 We'll find out coming up. Go with a sure thing 1371 01:10:14.119 --> 01:10:16.920 Denver's Best roofer Excel Roofing dot com. 1372 01:10:16.960 --> 01:10:19.000 You don't pay a cent until you're content. 1373 01:10:22.359 --> 01:10:25.560 Time for an insurance check up free, no obligation comparison 1374 01:10:25.680 --> 01:10:29.239 call Compass Insurance paying too much your coverage at dozens 1375 01:10:29.239 --> 01:10:32.000 of insurance companies find out now three all three seven 1376 01:10:32.079 --> 01:10:32.520 seven to one. 1377 01:10:32.680 --> 01:10:32.960 Help. 1378 01:10:33.119 --> 01:10:35.760 You'll think you're his only customer when you choose Frank 1379 01:10:35.800 --> 01:10:38.239 durand the real estate Man dot com to list your 1380 01:10:38.279 --> 01:10:41.399 home with Remax Alliance three oh three nine two zero 1381 01:10:41.560 --> 01:10:49.279 sixteen twenty two. 1382 01:10:48.079 --> 01:11:00.640 Rip you need so you don't have runs? Can shoot us? Help? 1383 01:11:00.920 --> 01:11:02.880 Come man, this. 1384 01:11:03.520 --> 01:11:04.960 Is the Troubleshooter Show. 1385 01:11:05.600 --> 01:11:12.279 No Tom Martino, Hey Tom Martino here, welcome to the show. 1386 01:11:12.319 --> 01:11:14.640 Three three seven one three eight two five five. 1387 01:11:14.720 --> 01:11:17.159 Let's get right to the phones. Now. 1388 01:11:17.239 --> 01:11:20.560 I read about Take five Car Wash. Uh, they're buying 1389 01:11:20.640 --> 01:11:23.079 up a lot of independent car washes around town. They're 1390 01:11:23.079 --> 01:11:27.800 offering this monthly subscription unlimited car washes. Cliff said that 1391 01:11:28.079 --> 01:11:33.800 he did a monthly subscription and what about it, Cliff, 1392 01:11:33.880 --> 01:11:34.680 tell me about it? 1393 01:11:35.960 --> 01:11:39.359 Okay, So I had one and my wife had one. 1394 01:11:41.039 --> 01:11:41.359 For me. 1395 01:11:41.720 --> 01:11:45.560 It works great, it's a business expense. I drive a lot, 1396 01:11:45.680 --> 01:11:47.680 so I watched my car a lot. It's very handy. 1397 01:11:48.560 --> 01:11:51.920 My wife not so much, and decided that she was going. 1398 01:11:51.920 --> 01:11:56.720 To cancel her subscription. So she canceled with him. They said, 1399 01:11:56.760 --> 01:11:59.840 no problem, Well, you know, we'll just stop charging you 1400 01:12:00.079 --> 01:12:04.039 the monthly on it. Everything's cool. The next month they 1401 01:12:04.159 --> 01:12:06.680 charged her again, so she went back and talked to 1402 01:12:06.720 --> 01:12:08.439 them and they said, oh, well that was just a 1403 01:12:08.439 --> 01:12:13.000 clerical mistake. Don't worry about it. We'll take care of it. Well, 1404 01:12:13.319 --> 01:12:14.319 she's pretty What do you. 1405 01:12:14.239 --> 01:12:15.880 Mean take care of it? Did they say they would 1406 01:12:15.880 --> 01:12:17.640 give it credit? What do you mean take care of it? 1407 01:12:17.920 --> 01:12:20.800 We'll credit you back. Yeah, we'll give you a credit, 1408 01:12:21.279 --> 01:12:26.439 and they did. But she called the credit card company 1409 01:12:26.479 --> 01:12:31.439 and said, I want to permanently stop them from taking 1410 01:12:31.479 --> 01:12:34.159 this money. They've done it once. I have a feeling 1411 01:12:34.199 --> 01:12:37.880 they're going to continue to do it, and they have. 1412 01:12:38.560 --> 01:12:44.279 In fact, they've tried twenty eight times to take the 1413 01:12:44.319 --> 01:12:48.640 money out, and that wasn't enough. They even tried under 1414 01:12:49.119 --> 01:12:52.960 other names. They tried, I believe, under auto wash and 1415 01:12:53.840 --> 01:12:59.520 some other stuff to get the amount of her previous 1416 01:12:59.600 --> 01:13:05.600 subscribe that and it's it's it's just annoying that the 1417 01:13:05.640 --> 01:13:07.199 only way we can really wait a. 1418 01:13:07.199 --> 01:13:11.000 Minute, how many times? How many times have they tried? 1419 01:13:12.239 --> 01:13:14.399 Twenty eight? 1420 01:13:15.399 --> 01:13:16.880 Now, why are they doing that? 1421 01:13:18.720 --> 01:13:23.960 I guess they're either morons or they're crooked. 1422 01:13:24.319 --> 01:13:28.720 I don't don't insult my don't insult my YouTube morons, No, no, no. 1423 01:13:28.520 --> 01:13:35.760 No, but they're they're creepy. Yeah, man, what what the hell. 1424 01:13:35.640 --> 01:13:36.159 Is going on? 1425 01:13:36.479 --> 01:13:38.880 Did you call, by the way, did you call them 1426 01:13:38.920 --> 01:13:40.279 and ask about it? 1427 01:13:41.520 --> 01:13:44.279 Yeah, my wife did, and they said, oh, I'm sorry, 1428 01:13:44.319 --> 01:13:46.880 we can't help you with any of that. Their customer service, 1429 01:13:46.880 --> 01:13:48.199 we can't help you with any of that. You're going 1430 01:13:48.279 --> 01:13:51.800 to have to call your credit card company. Well, the 1431 01:13:51.840 --> 01:13:55.000 credit card company isn't issuing the but. 1432 01:13:55.039 --> 01:13:57.760 How does What I don't understand is how do they 1433 01:13:57.840 --> 01:14:01.479 keep It's such an easy thing to stop charging, So 1434 01:14:01.560 --> 01:14:04.319 that means Cliff, if you ever want to stop, they're 1435 01:14:04.319 --> 01:14:05.640 going to just keep charging you. 1436 01:14:06.960 --> 01:14:08.760 I have a feeling that that is going to be 1437 01:14:09.279 --> 01:14:11.720 the issue that I run into when I if I 1438 01:14:11.800 --> 01:14:12.399 decide to. 1439 01:14:12.479 --> 01:14:15.720 Stop now, now, by the way, how much is the 1440 01:14:15.760 --> 01:14:19.880 monthly R card? How much is the monthly no no, 1441 01:14:19.960 --> 01:14:23.760 by the way, yeah. 1442 01:14:23.319 --> 01:14:25.760 Sixteen dollars? 1443 01:14:25.840 --> 01:14:27.800 And and how many times do you get there to 1444 01:14:27.880 --> 01:14:29.880 do a wash? 1445 01:14:30.239 --> 01:14:32.640 I'll probably go there twice a week. 1446 01:14:34.560 --> 01:14:35.439 That's pretty cool. 1447 01:14:35.720 --> 01:14:40.359 So it's a very good deal. Even on the now 1448 01:14:40.800 --> 01:14:43.119 once up the twenty two dollars, in the twenty five 1449 01:14:43.239 --> 01:14:46.239 or whatever it is, they're still good deals for the 1450 01:14:46.319 --> 01:14:47.399 volume that I use it. 1451 01:14:50.960 --> 01:14:52.239 Wow. Okay. 1452 01:14:52.720 --> 01:14:56.279 In any case, Cliff, if you you know, if you 1453 01:14:56.640 --> 01:14:58.439 we might want to call there and just say why 1454 01:14:58.479 --> 01:15:00.720 do they keep doing it? I mean, it's just kind 1455 01:15:00.720 --> 01:15:03.840 of amazing that they keep doing that. But I'm glad 1456 01:15:03.880 --> 01:15:06.159 you're getting the word out. People need to keep track 1457 01:15:06.199 --> 01:15:09.560 of that. I imagine people are getting auto dinged all 1458 01:15:09.560 --> 01:15:12.199 the time. My son just did a charge this morning 1459 01:15:12.800 --> 01:15:16.720 and it went through on three places Apple, one credit 1460 01:15:16.760 --> 01:15:18.640 card and his debit card. 1461 01:15:18.800 --> 01:15:20.479 Three times for the same thing. 1462 01:15:20.920 --> 01:15:25.159 I wonder if we ever really start examining these credit cards, 1463 01:15:25.680 --> 01:15:28.279 how much we're paying for that we shouldn't be paying for. 1464 01:15:28.520 --> 01:15:31.119 Thanks Cliff, appreciate the call. Three oh three seven one 1465 01:15:31.239 --> 01:15:34.399 three talk seven one three eight two five five. 1466 01:15:34.600 --> 01:15:37.199 Is Deputy D on the phone even though he's here? No, 1467 01:15:37.279 --> 01:15:37.560 he's not. 1468 01:15:37.800 --> 01:15:39.960 He has a follow up coming up. Okay, we'll wait 1469 01:15:40.000 --> 01:15:42.439 for him. Three oh three seven one three eight two 1470 01:15:42.560 --> 01:15:46.840 five five. So I do have some texts I want 1471 01:15:46.880 --> 01:15:49.039 to get to. Somebody wants to know. 1472 01:15:49.560 --> 01:15:49.760 Oh. 1473 01:15:49.840 --> 01:15:53.880 Somebody says the DMV is a step up from the 1474 01:15:53.920 --> 01:15:55.439 Colorado Payback program. 1475 01:15:55.680 --> 01:15:57.319 I gave up a claim I. 1476 01:15:57.279 --> 01:15:59.600 Had filed when I had an appointment to meet with 1477 01:15:59.640 --> 01:16:01.960 an action person. You don't have to do that for 1478 01:16:02.000 --> 01:16:05.960 the Colorado payback anyway. They say Colorado has become a 1479 01:16:06.000 --> 01:16:08.760 third ringk state. Here's the bottom line. 1480 01:16:08.760 --> 01:16:08.960 Though. 1481 01:16:09.960 --> 01:16:13.279 Somebody else said you can renew online you never have 1482 01:16:13.359 --> 01:16:16.479 to go in ever. Now is that true? Can you 1483 01:16:16.600 --> 01:16:19.760 renew online a complete driver's license? 1484 01:16:20.039 --> 01:16:21.079 Why did I have to go in? 1485 01:16:21.159 --> 01:16:23.399 I think I had to go in because I believe 1486 01:16:23.439 --> 01:16:24.760 they make you go in. 1487 01:16:24.600 --> 01:16:26.800 Every other time. Yeah, every other time, because you need 1488 01:16:26.840 --> 01:16:28.039 to update your photo. 1489 01:16:30.640 --> 01:16:33.199 So you can get by twice with the same photo. 1490 01:16:33.600 --> 01:16:36.159 And how long is the license good for five years? 1491 01:16:36.319 --> 01:16:36.560 Five? 1492 01:16:36.680 --> 01:16:37.079 I thank you? 1493 01:16:38.880 --> 01:16:41.600 So then every ten years you have to go in. 1494 01:16:42.000 --> 01:16:46.520 Correct. That's not bad. That's not bad. The best. Okay, 1495 01:16:46.600 --> 01:16:47.640 somebody wants to know. 1496 01:16:47.680 --> 01:16:50.880 Oh, we got to get our tax guy on because 1497 01:16:50.920 --> 01:16:55.239 today is tax day and somebody wants to know about 1498 01:16:55.279 --> 01:16:59.399 extensions and money owed. So get Eric on whenever you can. Kachina, 1499 01:17:00.239 --> 01:17:02.159 we want to use him. And also I have a 1500 01:17:02.239 --> 01:17:07.439 question for Mike Wink of bankruptcy attorney want we have 1501 01:17:07.520 --> 01:17:10.199 some questions for him. And then we have an update 1502 01:17:10.199 --> 01:17:15.359 from Deputy d on the salvage title somebody called about. 1503 01:17:15.680 --> 01:17:17.840 And then we have our guest Dan mackenzie to talk 1504 01:17:17.840 --> 01:17:20.439 about a state law. So anything you want to talk about, 1505 01:17:20.479 --> 01:17:22.960 give us a call. Somebody else says Tom, I want 1506 01:17:23.000 --> 01:17:27.520 to know about putting windows on my home. Your real 1507 01:17:27.640 --> 01:17:30.119 estate person says, you don't get the real value out 1508 01:17:30.159 --> 01:17:31.600 of that when you put. 1509 01:17:31.399 --> 01:17:32.279 Windows in your home. 1510 01:17:32.479 --> 01:17:36.079 What they meant was it doesn't necessarily add to the 1511 01:17:36.079 --> 01:17:38.760 price of the home that you're asking. It may be 1512 01:17:38.840 --> 01:17:43.520 an attractive thing and help your house sell, but it 1513 01:17:43.600 --> 01:17:45.680 doesn't really increase the price. 1514 01:17:46.039 --> 01:17:47.159 So is it valuable? 1515 01:17:47.239 --> 01:17:50.960 Well, yes, and no, you don't get penny for penny 1516 01:17:51.000 --> 01:17:55.600 money back. Sometimes it's better to leave allowances open. 1517 01:17:55.960 --> 01:17:56.960 Is Eric up right now? 1518 01:17:56.960 --> 01:17:59.520 I have I do have a question for him, Eric, 1519 01:17:59.600 --> 01:18:01.840 Ryan Atlasfirms dot com. 1520 01:18:02.239 --> 01:18:04.680 Hey Eric, thanks for being here. We have a quick question. 1521 01:18:04.760 --> 01:18:08.079 The first one is I have six thousand dollars I 1522 01:18:08.119 --> 01:18:09.520 owe seventy five hundred. 1523 01:18:10.079 --> 01:18:13.239 What do I do when I file my taxes? 1524 01:18:14.880 --> 01:18:17.359 I would just pay the sixty five hundred, pay the 1525 01:18:17.479 --> 01:18:20.000 six thousand bucks in a month down the road, they'll 1526 01:18:20.039 --> 01:18:22.800 get a letter back saying you still owe fifteen hundred bucks. 1527 01:18:22.800 --> 01:18:24.560 Do you want to do an installment agreement or not? 1528 01:18:24.680 --> 01:18:26.399 So it's pretty mellow. 1529 01:18:27.640 --> 01:18:29.880 Okay, So you don't have to make a note. You 1530 01:18:29.960 --> 01:18:31.199 just send in what you can. 1531 01:18:32.159 --> 01:18:35.000 Yeah, and they Automatthew will sit back and response a 1532 01:18:35.039 --> 01:18:35.560 month later. 1533 01:18:37.640 --> 01:18:42.600 Now, will this monthly payment be what they say it is? 1534 01:18:43.199 --> 01:18:46.039 Or do they negotiate it? Like, how do they come 1535 01:18:46.119 --> 01:18:47.680 up with a monthly installment? 1536 01:18:48.960 --> 01:18:52.640 It's actually become very fusible these days. They'll say, let 1537 01:18:52.720 --> 01:18:55.119 us know what period you want to pay over. It 1538 01:18:55.119 --> 01:18:57.319 could even be up to three years, so a lot 1539 01:18:57.359 --> 01:19:00.119 of latitude you get to decide. 1540 01:18:59.720 --> 01:19:03.199 And in today's world of interest rates, what are you 1541 01:19:03.279 --> 01:19:05.199 paying in interest rates? 1542 01:19:05.760 --> 01:19:07.880 It's probably going to be at least a ten percent 1543 01:19:08.000 --> 01:19:10.039 rate on it, So just consider it a ten percent 1544 01:19:10.119 --> 01:19:11.399 loan from the irs. 1545 01:19:13.039 --> 01:19:15.880 Okay, but that's if you think about it, that's almost 1546 01:19:15.880 --> 01:19:17.600 better than putting on a credit card. 1547 01:19:17.680 --> 01:19:21.800 What do you think, Well, it's true, I guess if 1548 01:19:21.840 --> 01:19:25.279 somebody has a high interest credit cards, it's not the 1549 01:19:25.359 --> 01:19:27.000 end of the world. So it is a pretty easy 1550 01:19:27.039 --> 01:19:29.960 way to take the heat off and pay over time, 1551 01:19:30.199 --> 01:19:33.239 as long as it's not substantial. It was like ten 1552 01:19:33.319 --> 01:19:36.560 twenty thousand dollars. There could also be additional five or 1553 01:19:36.600 --> 01:19:40.079 ten percent late payment fees on it, so it could 1554 01:19:40.079 --> 01:19:42.600 be almost okay wash with credit cards. 1555 01:19:43.920 --> 01:19:48.279 Someone else says that they have to file an extension 1556 01:19:49.279 --> 01:19:51.880 and they know they're going to owe money, but they 1557 01:19:51.920 --> 01:19:54.479 don't have the money right now, but they will have it. 1558 01:19:54.680 --> 01:19:56.079 Should they wait to file. 1559 01:19:55.840 --> 01:19:57.640 The extension or do the extension? 1560 01:19:57.760 --> 01:19:59.600 And then what do they do in a case like 1561 01:19:59.600 --> 01:20:01.079 that with they know they're going to owe. 1562 01:20:00.880 --> 01:20:05.359 Money, they definitely, no matter what, need to file the extension, 1563 01:20:05.359 --> 01:20:08.479 because what happens is if you don't file the extension, 1564 01:20:08.920 --> 01:20:11.079 then when they go to pay, there's not only the 1565 01:20:11.199 --> 01:20:15.159 interest and late payment penalties, there's the late filing penalties, 1566 01:20:15.199 --> 01:20:17.800 which can be ugly, like two and a half percent 1567 01:20:17.840 --> 01:20:18.199 a month. 1568 01:20:19.880 --> 01:20:20.720 Oh my goodness. 1569 01:20:21.039 --> 01:20:24.239 So if they file an extension and don't have the money. 1570 01:20:24.520 --> 01:20:26.359 Do they put a note in there? Do they ask 1571 01:20:26.439 --> 01:20:27.279 for an installment? 1572 01:20:27.319 --> 01:20:27.960 What do they do? 1573 01:20:28.880 --> 01:20:31.319 Just file it? It could be electronically. There's nothing else 1574 01:20:31.359 --> 01:20:33.640 to do. You just file it and that gets them 1575 01:20:33.640 --> 01:20:37.079 on record at least having requested the six month extension. 1576 01:20:38.920 --> 01:20:42.199 But what about the money owed? Will they contact you? 1577 01:20:42.640 --> 01:20:45.159 Yeah, they'll get a let. Well, if you're just filed 1578 01:20:45.159 --> 01:20:47.199 an extension and having a filed, they don't know what 1579 01:20:47.399 --> 01:20:49.079 you owe or not. They'll have to wait until you 1580 01:20:49.079 --> 01:20:49.760 actually file. 1581 01:20:51.439 --> 01:20:53.800 Okay, will you get a penalty then if you didn't 1582 01:20:53.840 --> 01:20:56.479 pay on the fifteenth? 1583 01:20:56.520 --> 01:20:57.039 Definitely? 1584 01:20:58.760 --> 01:21:02.880 Oh you will? And is is that really uh? Is 1585 01:21:02.920 --> 01:21:06.399 that a pretty heavy penalty for not paying on time? 1586 01:21:07.439 --> 01:21:11.920 Yeah, it's a combination of the eight percent interest plus 1587 01:21:12.119 --> 01:21:15.640 I think it might be one percent per month late 1588 01:21:15.880 --> 01:21:20.600 payment penalty, So it's a blend of interest and penalty, 1589 01:21:21.399 --> 01:21:21.800 so that. 1590 01:21:21.720 --> 01:21:24.479 Could be twenty percent a year. Wow. 1591 01:21:24.640 --> 01:21:27.600 Yeah, it could definitely get up to that if you're 1592 01:21:28.319 --> 01:21:28.920 not paying. 1593 01:21:30.600 --> 01:21:32.760 As long as you file an extension, at least that 1594 01:21:32.800 --> 01:21:35.520 gives you a valid extension, so you don't get that 1595 01:21:35.760 --> 01:21:40.359 two percent per month late filing fe But it really 1596 01:21:40.640 --> 01:21:42.760 can easily get up to fifteen and twenty percent. 1597 01:21:42.920 --> 01:21:46.039 So the answer is okay, here you can to get 1598 01:21:46.079 --> 01:21:48.760 on a program and do it over a short period. 1599 01:21:50.199 --> 01:21:51.239 Okay, I got a couple more. 1600 01:21:51.279 --> 01:21:52.479 If you can hang on, I got to take a 1601 01:21:52.479 --> 01:21:54.439 break three on three seven one three talks seven one 1602 01:21:54.479 --> 01:21:55.600 three eight two five five. 1603 01:21:55.880 --> 01:21:56.720 If you have any tax. 1604 01:21:56.760 --> 01:21:59.319 Questions, we're answering some of them by text right now. 1605 01:21:59.560 --> 01:22:02.439 We also Dan mackenzie for a state law and then 1606 01:22:02.520 --> 01:22:05.239 Deputy d has a follow up on that salvage title 1607 01:22:05.319 --> 01:22:07.920 we talked about the woman was convinced she had a 1608 01:22:07.920 --> 01:22:10.600 wrecked car and wasn't told. We'll talk about that and 1609 01:22:10.640 --> 01:22:14.119 more coming up on the Troubleshooter Show. Renew Home Innovations 1610 01:22:14.159 --> 01:22:17.920 has the most beautiful showers you'll ever imagine. They convert 1611 01:22:17.960 --> 01:22:22.039 your shub, the tower, the shower and tub into a 1612 01:22:22.079 --> 01:22:25.720 beautiful walking shower with porcelain walls. That's one of the 1613 01:22:25.760 --> 01:22:29.840 options they have, beautiful sheet porcelain. It looks like a 1614 01:22:29.880 --> 01:22:36.479 million bucks and no maintenance, beauty and definitely it'll stand out. 1615 01:22:36.640 --> 01:22:39.119 Renew home Innovations dot Com a couple of days to 1616 01:22:39.159 --> 01:22:41.279 get it done, and then you have all kinds of 1617 01:22:41.319 --> 01:22:44.680 repayment options. Renew Home Innovations dot com three oh three 1618 01:22:44.800 --> 01:22:52.119 nine zero four to two thousand, go with a sure 1619 01:22:52.239 --> 01:22:55.680 thing Denver's best roofer Excel Roofing dot com. You don't 1620 01:22:55.680 --> 01:23:01.720 pay a cent until you're content. Time for an insurance 1621 01:23:01.800 --> 01:23:05.920 checkup free, no obligation. In comparison, call Compass Insurance paying 1622 01:23:05.960 --> 01:23:09.000 too much your coverage at dozens of insurance companies find 1623 01:23:09.000 --> 01:23:11.000 out now three all three seven seven to one. 1624 01:23:11.119 --> 01:23:11.359 Help. 1625 01:23:11.520 --> 01:23:14.159 You'll think you're his only customer when you choose Frank 1626 01:23:14.239 --> 01:23:16.680 durand the real estate Man dot com to list your 1627 01:23:16.720 --> 01:23:19.840 home with Remax Alliance three all three nine two zero 1628 01:23:20.000 --> 01:23:25.880 sixteen twenty two. Hi Tom Martino, you're a troubleshooter three 1629 01:23:25.920 --> 01:23:29.399 oh three seven one three talk seven one three eight 1630 01:23:29.439 --> 01:23:30.199 two five five. 1631 01:23:30.239 --> 01:23:31.199 Today is tax Day. 1632 01:23:31.479 --> 01:23:33.800 We're addressing just a few things on that with Eric 1633 01:23:33.840 --> 01:23:38.680 Reinemer from Atlasfirms dot com. There are a series of 1634 01:23:38.720 --> 01:23:44.680 accounting offices that serve small businesses and clients, not just business, 1635 01:23:44.720 --> 01:23:47.880 but they're great. They've been doing my work for years 1636 01:23:47.880 --> 01:23:51.119 and years and years, and our troubleshooter network as well. 1637 01:23:51.159 --> 01:23:57.039 So Eric, somebody is calling or texting about it's a 1638 01:23:57.039 --> 01:24:02.199 woman wants to know about innocent spouse. Whatever the heck. 1639 01:24:02.279 --> 01:24:07.880 That means her husband left her. She says, their finances 1640 01:24:07.920 --> 01:24:10.960 are in shambles, but she had little to do with it, 1641 01:24:11.279 --> 01:24:14.520 and she suspects there's going to be problems because he 1642 01:24:14.640 --> 01:24:20.199 hasn't been indicating with her about taxes and it's the deadline. 1643 01:24:20.479 --> 01:24:23.399 What is that? What the heck is innocent spouse? Is 1644 01:24:23.439 --> 01:24:26.119 that something that is an actual term? 1645 01:24:26.560 --> 01:24:29.600 Yeah, so that's a real thing. When a spouse has 1646 01:24:29.840 --> 01:24:33.319 let's say her husband got into deep dudo with unreported 1647 01:24:33.399 --> 01:24:37.359 incomer was one hundred grand, she has the ability to 1648 01:24:37.560 --> 01:24:42.800 file a request for you know, you know, spouse protection 1649 01:24:43.079 --> 01:24:45.840 from the liabilities of her husband. So it is a 1650 01:24:45.880 --> 01:24:47.600 thing because it comes up more and more. 1651 01:24:49.680 --> 01:24:53.800 Okay, And so do they actually then say to the 1652 01:24:53.920 --> 01:24:56.960 husband or wife, yes, you're not responsible for this. 1653 01:24:58.079 --> 01:25:02.359 Well, there's the process for have to file, and you know, 1654 01:25:02.640 --> 01:25:07.279 you have to file and explain the facts and circumstances 1655 01:25:07.800 --> 01:25:11.840 to make sure it really is his income not hers, 1656 01:25:11.920 --> 01:25:14.319 And there's a whole process you have to go through. 1657 01:25:15.960 --> 01:25:17.680 Yeah, okay. 1658 01:25:17.920 --> 01:25:22.279 Now someone says here, I've heard they hired a bunch 1659 01:25:22.279 --> 01:25:26.039 of new IRS agents. Then I heard Doze laid off 1660 01:25:26.079 --> 01:25:29.439 a bunch of IRS agents. So what is the situation 1661 01:25:29.920 --> 01:25:33.279 with the IRS, are they being more aggressive or less aggressive? 1662 01:25:33.640 --> 01:25:36.279 And manpower wise, will there be less auditing? 1663 01:25:37.920 --> 01:25:40.079 I'd have to say it's pretty clear there's going to 1664 01:25:40.119 --> 01:25:43.199 be less auditing because first they hired an extra ten 1665 01:25:43.239 --> 01:25:45.399 thousand people based on a build of the past three 1666 01:25:45.439 --> 01:25:48.439 years ago. But now with those in there, people are 1667 01:25:48.439 --> 01:25:51.359 getting laid off, just like all the other agencies that 1668 01:25:51.399 --> 01:25:55.560 are laying off the probationary new people. And we're even 1669 01:25:55.600 --> 01:25:59.920 dealing with the IRS and some clients situations and the 1670 01:26:00.119 --> 01:26:03.479 they're just saying, yeah, we're losing more people every day. 1671 01:26:03.560 --> 01:26:06.520 So it's pretty clear their staff is being trimmed down, 1672 01:26:06.840 --> 01:26:08.960 and you can only presume there's going to be less 1673 01:26:09.680 --> 01:26:13.800 people around to even pursue the normal audit procedures. That's 1674 01:26:13.880 --> 01:26:15.680 kind of natural evolution here. 1675 01:26:17.439 --> 01:26:20.039 Okay, so Eric, what would you say being tax day 1676 01:26:20.079 --> 01:26:22.920 is the biggest mistake we make as taxpayers? Is it 1677 01:26:22.960 --> 01:26:25.680 not filing? I mean that would be the obvious one. 1678 01:26:25.720 --> 01:26:26.119 What else? 1679 01:26:26.239 --> 01:26:29.399 Not paying? What are some of the common mistakes? 1680 01:26:29.760 --> 01:26:33.039 Yes, so here, I looked it up while we're offline. 1681 01:26:33.520 --> 01:26:36.600 The key thing is if you don't pay Number one, 1682 01:26:36.640 --> 01:26:38.279 if you don't have the money, you still on a 1683 01:26:38.319 --> 01:26:42.199 file anyway, because what happens is the failure to pay 1684 01:26:42.239 --> 01:26:46.720 the money accrus at five percent per month on top 1685 01:26:46.800 --> 01:26:50.239 of the interest, but the failure to file by not 1686 01:26:50.319 --> 01:26:54.960 even filing an extension is five percent per month up 1687 01:26:55.000 --> 01:26:57.520 to twenty five percent. So you can get in a 1688 01:26:57.520 --> 01:27:00.399 world of hurt if you don't at least efficiently say 1689 01:27:00.399 --> 01:27:03.239 you want to extend that at least gives you six 1690 01:27:03.319 --> 01:27:07.319 months the worst. Really backing up Tom, the biggest issue 1691 01:27:07.399 --> 01:27:10.800 is a person that knowing the situation coming into the year, 1692 01:27:10.920 --> 01:27:13.359 and like they say, the more you plan, the more 1693 01:27:13.399 --> 01:27:16.159 money you're going to save. And people just need to 1694 01:27:16.159 --> 01:27:18.520 be proactive and be thinking about things before they get 1695 01:27:18.560 --> 01:27:22.000 up against the deadline, just see what their options are. 1696 01:27:23.279 --> 01:27:27.000 And speaking of deadlines, we're speaking with Atlasfirms dot Com, 1697 01:27:27.399 --> 01:27:29.960 the accounting firm we've used as our experts for years. 1698 01:27:30.119 --> 01:27:32.880 So Eric, speaking of deadlines, the extension gives you a 1699 01:27:32.920 --> 01:27:33.560 deadline to. 1700 01:27:33.640 --> 01:27:37.600 When six month, well for the person returns is six 1701 01:27:37.680 --> 01:27:40.560 months from today, which is October fifteenth. 1702 01:27:40.640 --> 01:27:41.680 And a lot of people. 1703 01:27:41.479 --> 01:27:44.880 Have businesses which we're due on March fifteenth and get 1704 01:27:44.920 --> 01:27:50.600 extended until September fifteenth. 1705 01:27:48.520 --> 01:27:52.079 Okay, and that's and so then that's the final deadline, 1706 01:27:52.119 --> 01:28:00.720 right yep. And so people you've heard it here Atlas Firm, 1707 01:28:00.720 --> 01:28:03.159 and if you need an accounting firm, there's certainly a 1708 01:28:03.159 --> 01:28:07.159 good one. Three oh three seven one. Thank you very much, Eric. 1709 01:28:07.199 --> 01:28:10.720 We appreciate the last minute information and tips for the 1710 01:28:10.840 --> 01:28:14.479 questions we've had. Thank you very much for being on. Okay, deb, 1711 01:28:14.800 --> 01:28:19.720 what's going on with their air conditioner? Welcome Deb? Oh 1712 01:28:19.760 --> 01:28:22.880 she's gone. Okay anyway, we have more coming up on 1713 01:28:22.920 --> 01:28:25.039 the Troubleshooter Show three oh three seven to one three 1714 01:28:25.079 --> 01:28:26.119 talks seven one three. 1715 01:28:26.039 --> 01:28:27.000 Eight two five five. 1716 01:28:27.359 --> 01:28:30.079 Deputy D has a follow up on a salvage title 1717 01:28:30.680 --> 01:28:34.680 D without going into the solution, what was her original 1718 01:28:34.760 --> 01:28:37.000 contention when Amy called the show? 1719 01:28:37.720 --> 01:28:40.199 Amy bought a car from a dealership up in Golden 1720 01:28:40.760 --> 01:28:45.439 and it immediately broke down. And the Amy's allegation was 1721 01:28:46.039 --> 01:28:49.079 that they sold her a car with a salvage title 1722 01:28:49.119 --> 01:28:53.479 without telling her because she found information to that on 1723 01:28:53.680 --> 01:28:57.119 a report she pulled from some service called Bumper. And 1724 01:28:57.439 --> 01:28:59.880 the update that I'll provide when you're ready in fall, 1725 01:29:00.119 --> 01:29:02.880 my conversations with Rod Greer from jfr At. 1726 01:29:02.880 --> 01:29:05.319 Associates and he's not involved in he's. 1727 01:29:05.079 --> 01:29:08.279 Not involved in it. But he's our expert on guns cars. Okay, 1728 01:29:08.479 --> 01:29:11.680 and he ran that title through two services that they use. 1729 01:29:11.760 --> 01:29:13.600 Okay, good, and I have some answers. All right. 1730 01:29:13.600 --> 01:29:15.880 We got more coming up on the Troubleshooter Show. 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You'll think you're his only customer 1745 01:30:03.119 --> 01:30:05.359 when you choose Frank durand the Real Estate Man dot 1746 01:30:05.399 --> 01:30:08.720 com to list your home with Remax Alliance three oh 1747 01:30:08.760 --> 01:30:14.800 three nine two zero sixteen twenty two. Hi Tom Artine here, 1748 01:30:14.840 --> 01:30:18.399 Welcome three all three seven one three talk seven one 1749 01:30:18.439 --> 01:30:19.680 three eight two five five. 1750 01:30:19.920 --> 01:30:21.600 I'm gonna go to Michael Wink right now. 1751 01:30:21.640 --> 01:30:24.760 Mike Wink is an attorney that does bankruptcies Wink Law 1752 01:30:24.840 --> 01:30:27.760 Firm dot com. And I had some questions here, Mike. 1753 01:30:27.840 --> 01:30:31.319 Somebody wanted to say, or someone did say. 1754 01:30:31.079 --> 01:30:33.520 By text that they don't. 1755 01:30:33.359 --> 01:30:35.439 Want to do a bankruptcy but they might have to. 1756 01:30:35.800 --> 01:30:38.640 And they wanted to know what is a good technique 1757 01:30:38.840 --> 01:30:43.560 for negotiating lump sum settlements or do they not listen? 1758 01:30:44.039 --> 01:30:47.880 Do credit cards listen? Do medical people listen? What's the 1759 01:30:47.920 --> 01:30:49.319 best way to go about that? 1760 01:30:50.439 --> 01:30:54.079 Sure, we represent people in bankruptcy and in settling debt 1761 01:30:54.119 --> 01:30:57.760 outside of bankruptcy very frequently. Those are two primary areas 1762 01:30:57.760 --> 01:31:02.159 of practice. To settle, you have to go into default. 1763 01:31:02.479 --> 01:31:05.119 So as long as you're paying the debt, they're never 1764 01:31:05.600 --> 01:31:07.720 going to negotiate, like you might get a break on 1765 01:31:07.920 --> 01:31:10.199 interest or something, but they're not going to take less 1766 01:31:10.199 --> 01:31:14.159 than the balance to settle it in full. Typically that's 1767 01:31:14.199 --> 01:31:17.199 about with a credit card, you're talking about five months 1768 01:31:17.239 --> 01:31:20.199 or so in the default, they'll start accepting a pretty 1769 01:31:20.199 --> 01:31:24.920 significant fraction of the balance, oh, typically about half. And 1770 01:31:24.960 --> 01:31:27.640 it's good to have cash for lum sum settlements because 1771 01:31:28.039 --> 01:31:31.000 lump sums of cash buy down debt better than payment plans. 1772 01:31:31.680 --> 01:31:33.279 So in other words, if you say I'll pay you 1773 01:31:33.439 --> 01:31:35.600 fifty percent, but I need a year to pay, well, 1774 01:31:35.600 --> 01:31:38.199 you're you're probably gonna have to pay more than fifty percent. 1775 01:31:38.319 --> 01:31:41.000 But whereas if you could pay that balance that fifty 1776 01:31:41.000 --> 01:31:44.439 percent amount by the end of the month, the creditor 1777 01:31:44.479 --> 01:31:46.600 is much more likely to take some kind of discount 1778 01:31:46.640 --> 01:31:50.399 like that. There's a little more variability in medical bills. 1779 01:31:51.199 --> 01:31:54.960 Sometimes they've already discounted the bill and it makes it 1780 01:31:55.039 --> 01:31:58.359 harder to get more discounts. And then sometimes you can 1781 01:31:58.399 --> 01:32:01.439 get even a bigger discount, especially if you can show 1782 01:32:01.520 --> 01:32:05.159 economic hardship on your clients. So a lot of times 1783 01:32:05.199 --> 01:32:09.560 creditors will inquire about that, but certain hospitals and things 1784 01:32:09.640 --> 01:32:12.359 will really listen to that. I don't find credit card 1785 01:32:12.439 --> 01:32:16.119 companies particularly moved by somebody else I heard. 1786 01:32:16.359 --> 01:32:20.439 I heard medical bills were easier to settle than credit cards. 1787 01:32:20.479 --> 01:32:22.159 Now, well, like I. 1788 01:32:22.159 --> 01:32:27.039 Said, I think, I think it's just more variability. So, 1789 01:32:27.359 --> 01:32:31.680 you know, we've achieved percentages on large medical debts that 1790 01:32:32.239 --> 01:32:35.119 I don't we've ever achieved on like bank that. In 1791 01:32:35.199 --> 01:32:38.239 other words, you know, we've done ten percent fifteen percent 1792 01:32:38.279 --> 01:32:41.359 on certain medical debts. So in that way, the greater 1793 01:32:41.479 --> 01:32:45.079 savings is possible. But like I said, sometimes I feel 1794 01:32:45.079 --> 01:32:48.319 like by the time we get involved, the bill has 1795 01:32:48.399 --> 01:32:53.199 been discounted already and it's when from that point it 1796 01:32:53.239 --> 01:32:55.760 can be difficult to get more discount off of it. 1797 01:32:57.640 --> 01:33:01.479 How do you charge for your negotiating service? 1798 01:33:01.520 --> 01:33:01.680 Right? 1799 01:33:02.119 --> 01:33:06.680 Yeah, Typically we charge a percentage of the debt. Ten 1800 01:33:06.760 --> 01:33:10.600 percent of the debt is our typical charge. And by 1801 01:33:10.600 --> 01:33:13.800 the way, the primary competitors in the industry, like National 1802 01:33:13.840 --> 01:33:16.960 Debt Release, the sort of national players that do debt settlement, 1803 01:33:17.039 --> 01:33:20.039 they charge like twenty five percent, so you can. 1804 01:33:19.920 --> 01:33:22.399 Really get So when you say ten percent of the debt, 1805 01:33:23.439 --> 01:33:25.680 when you say ten percent of the debt, do you 1806 01:33:25.680 --> 01:33:28.640 mean ten percent of the final amount or ten percent 1807 01:33:28.680 --> 01:33:32.039 of the face value. 1808 01:33:30.840 --> 01:33:34.439 Pre settlement balances? Yeah, so it's ten percent of the balance, 1809 01:33:34.800 --> 01:33:36.680 So were they of the settlement. So you end up 1810 01:33:36.720 --> 01:33:41.800 paying about sixty percent with our fees and the settlement amounts. 1811 01:33:43.600 --> 01:33:45.039 Okay, I get it. 1812 01:33:45.119 --> 01:33:48.920 So if someone owes ten grand, your charge is a thousand? 1813 01:33:49.880 --> 01:33:51.039 Am I reading that right? Yeah? 1814 01:33:51.199 --> 01:33:53.760 And then and then you reduce it to whatever you 1815 01:33:53.840 --> 01:33:56.199 can and then you try to reduce it as much 1816 01:33:56.239 --> 01:33:57.439 as possible. 1817 01:33:57.720 --> 01:34:00.880 Right, And there's some flexibility on our percentage. So if 1818 01:34:01.279 --> 01:34:04.279 somebody has like an eighty thousand dollars debt, we're not 1819 01:34:04.319 --> 01:34:06.039 necessarily going to charge of make grand on that. We 1820 01:34:06.079 --> 01:34:07.600 can we can do a discount. 1821 01:34:07.600 --> 01:34:08.920 But okay, I get it. 1822 01:34:08.960 --> 01:34:14.159 Type of that that you know the amount, okay. 1823 01:34:13.880 --> 01:34:18.239 And Mike, do you find being a bankruptcy attorney they 1824 01:34:18.279 --> 01:34:20.560 know that going in when you're negotiating. 1825 01:34:22.000 --> 01:34:24.000 Yes, a lot of times they do. I mean they 1826 01:34:24.039 --> 01:34:26.680 know what we do. We file out of bankruptcies. So 1827 01:34:26.760 --> 01:34:30.600 I think we can help debtors credibly threaten bankruptcy when 1828 01:34:30.600 --> 01:34:35.039 we're trying to settle. And so okay, yeah, I think 1829 01:34:35.039 --> 01:34:36.399 it helps to have a bank you have. 1830 01:34:38.039 --> 01:34:41.479 Do you have some collectors or some creditors that just 1831 01:34:41.920 --> 01:34:45.079 never negotiate, Like, are there just pains in the butt? 1832 01:34:46.600 --> 01:34:49.359 Not really, there's some I wouldn't say they never negotiate, 1833 01:34:49.359 --> 01:34:54.920 but there's some like say Discover. Discover often insist on 1834 01:34:55.239 --> 01:34:59.560 sixty to seventy percent, whereas other banks, you know, you 1835 01:34:59.560 --> 01:35:02.359 can get to a lower amount. So it's not that 1836 01:35:02.399 --> 01:35:04.720 they don't negotiate at all, it's just said some are tougher 1837 01:35:04.800 --> 01:35:08.039 to get better savings from than others. 1838 01:35:09.680 --> 01:35:13.479 Okay, And I just got this text saying that she's 1839 01:35:14.920 --> 01:35:17.920 she was unemployed, but she was going she had signed 1840 01:35:17.960 --> 01:35:22.079 up for a community college and then had a diagnosis 1841 01:35:22.840 --> 01:35:25.319 and she thought she was very ill and went through 1842 01:35:25.359 --> 01:35:29.439 a period of time where she was with surgeries. She 1843 01:35:29.640 --> 01:35:33.279 never contacted the school, she never went back to the school, 1844 01:35:33.520 --> 01:35:36.479 and now the community it's a Rapo community college, is 1845 01:35:36.560 --> 01:35:40.319 asking for full payment of all of those courses. Did 1846 01:35:40.359 --> 01:35:43.439 you ever negotiate educational debt like that for hardship? 1847 01:35:44.560 --> 01:35:47.840 Absolutely? And by the way, that debt, as long as 1848 01:35:47.840 --> 01:35:49.720 it's not a student loan, which it sounds like it's 1849 01:35:49.800 --> 01:35:52.479 unpaid tuition, which is technically not a student loan, right, 1850 01:35:52.720 --> 01:35:55.439 that debt is discharge well in bankruptcy, so that gives 1851 01:35:55.479 --> 01:35:58.359 you more leverage to negotiate a settlement. It's much harder 1852 01:35:58.399 --> 01:35:59.920 to sell student loan. 1853 01:36:01.880 --> 01:36:02.319 Okay. 1854 01:36:03.560 --> 01:36:07.840 Have you dealt with educational facilities before institutions and are 1855 01:36:07.840 --> 01:36:08.920 they easy to deal with? 1856 01:36:10.279 --> 01:36:12.279 I wouldn't say easy to deal with. We have dealt 1857 01:36:12.319 --> 01:36:14.840 with them before. I'm confident that we could get some 1858 01:36:14.920 --> 01:36:19.039 shavings that would fall into the further you get away 1859 01:36:19.039 --> 01:36:22.079 from bank that the more variability in the outcome you 1860 01:36:22.159 --> 01:36:25.520 might see, which is a double edged sword. Right, there's 1861 01:36:25.560 --> 01:36:29.159 opportunity there. You might get a great settlement, but you 1862 01:36:29.159 --> 01:36:31.199 know they could be a little stickier too. 1863 01:36:32.960 --> 01:36:36.399 Okay, And do they take a look at the financial strength? 1864 01:36:36.439 --> 01:36:40.000 Do they like, do they investigate who's doing the negotiating, 1865 01:36:40.159 --> 01:36:43.199 not you as an attorney, but the person. Do they 1866 01:36:43.239 --> 01:36:46.479 know anything about the person or do they ask information 1867 01:36:46.600 --> 01:36:47.439 about them? 1868 01:36:47.880 --> 01:36:51.079 They do sometimes ask information. I think they do sometimes 1869 01:36:51.159 --> 01:36:54.800 know information. I'm not sure, especially if the dead is older. 1870 01:36:55.199 --> 01:36:58.199 I'm not sure. Like all of the methods of skip 1871 01:36:58.239 --> 01:37:00.560 tracing in ways that they can find out about what 1872 01:37:00.600 --> 01:37:02.800 debtors have at home. But a lot of times we 1873 01:37:02.840 --> 01:37:08.399 share information, especially when we think it's beneficial towards getting. 1874 01:37:08.119 --> 01:37:10.000 Into a Yeah, like if it's a if it's a 1875 01:37:10.039 --> 01:37:14.720 young person who's hardly working, and there's a prayer they're 1876 01:37:14.720 --> 01:37:14.960 going to. 1877 01:37:15.000 --> 01:37:17.399 Get paid, it seems to me they might be more 1878 01:37:18.199 --> 01:37:19.760 apt to want to negotiate. 1879 01:37:20.439 --> 01:37:23.560 Yeah. I think I always tell people that rather than 1880 01:37:23.600 --> 01:37:26.680 fighting on the merits of the debt, focusing in on 1881 01:37:26.920 --> 01:37:29.520 the debtors inability to pay, I think is the most 1882 01:37:29.520 --> 01:37:32.600 compelling negotiating text. Okay, when you're trying to settle that, 1883 01:37:32.640 --> 01:37:35.239 and it sounds like like, for example, I'm this particular 1884 01:37:35.560 --> 01:37:38.319 you know person she was ill. I think is what 1885 01:37:38.359 --> 01:37:39.960 you said was unable to go. I mean, all of 1886 01:37:40.000 --> 01:37:42.359 that would definitely incorporate into the negotiation. 1887 01:37:44.640 --> 01:37:44.960 Thank you. 1888 01:37:45.000 --> 01:37:48.680 And Dimitri has a question, Deputy d go ahead, Thank you, Tom, 1889 01:37:48.760 --> 01:37:49.239 mister wink. 1890 01:37:49.359 --> 01:37:52.439 In the context of default of credit card accounts, as 1891 01:37:52.479 --> 01:37:55.359 you know, those are pretty quickly sold off to junk 1892 01:37:55.399 --> 01:37:59.399 debt buyers such as Midland Funding or LV and V 1893 01:38:00.000 --> 01:38:04.119 another revolting bottom feeders like that, What are the odds 1894 01:38:04.159 --> 01:38:08.319 of renegotiating whatever they're trying to collect on a pre 1895 01:38:08.479 --> 01:38:09.600 litigation basis. 1896 01:38:09.880 --> 01:38:11.239 Are they pretty open to that? 1897 01:38:11.439 --> 01:38:15.119 And if so, roughly what percentage of the face value 1898 01:38:15.159 --> 01:38:17.800 of the original debt do they accept for let's say 1899 01:38:17.800 --> 01:38:20.720 a four or five years ago defaulted credit card. 1900 01:38:20.800 --> 01:38:23.000 Talking about people who buy up the bad debt. 1901 01:38:23.000 --> 01:38:26.079 Yeah, there are multi billion dollar companies that bottom feed 1902 01:38:26.119 --> 01:38:28.560 in this industry, LV and VS Are they of them? 1903 01:38:28.600 --> 01:38:30.079 Are they easy to deal with? Mike? 1904 01:38:30.640 --> 01:38:33.359 Yeah, we deal with them all the time, and much 1905 01:38:33.399 --> 01:38:35.920 like the bank, some are easier to deal with than others. 1906 01:38:36.399 --> 01:38:39.720 But I tell people that collections is where deals get 1907 01:38:39.720 --> 01:38:42.439 done a lot of you know, a lot of times 1908 01:38:42.920 --> 01:38:45.800 the bank doesn't offer much and then it goes to 1909 01:38:45.840 --> 01:38:48.279 collections and that's when you can get your best deals. 1910 01:38:48.319 --> 01:38:52.199 And that's that are older three to five years. Those 1911 01:38:52.239 --> 01:38:54.319 are right for film, right, they're right. 1912 01:38:54.199 --> 01:38:55.319 For settlement or how much. 1913 01:38:56.520 --> 01:38:59.560 I would say you're in that forty to fifty percent range. 1914 01:39:00.079 --> 01:39:03.560 The risk is what's risk that goes out if they 1915 01:39:03.680 --> 01:39:06.680 sue you, which is different than a like a debt buyer. 1916 01:39:07.039 --> 01:39:09.960 But if they hire a local attorney, now they're going 1917 01:39:10.039 --> 01:39:13.439 to suit you, and then the cost of the settlement 1918 01:39:13.520 --> 01:39:16.199 goes up. So you know, I would say on average 1919 01:39:16.239 --> 01:39:18.640 we're in the fifty percent range. Oftentimes we get it 1920 01:39:18.680 --> 01:39:23.279 settled before a lawsuit. We're really doing better than fifty percent. 1921 01:39:23.359 --> 01:39:26.560 But once the lawsuit hits, you're in the sixty to 1922 01:39:26.600 --> 01:39:28.880 eighty percent range typically to settle the lawsuit. 1923 01:39:30.239 --> 01:39:33.600 Mister Weak, I've I've learned that they buy this debt 1924 01:39:33.680 --> 01:39:35.800 for literally two or three cents on the dollar. 1925 01:39:36.000 --> 01:39:37.000 Is there any truth to that? 1926 01:39:38.159 --> 01:39:41.199 You know, I don't know what they pay. I don't 1927 01:39:41.199 --> 01:39:43.039 know what they pay, But like I said, I know 1928 01:39:43.079 --> 01:39:46.359 the collections are a good time to negotiate, and even 1929 01:39:46.399 --> 01:39:48.399 when the credit. When the bank says they're going to 1930 01:39:48.439 --> 01:39:50.680 send it to collections, I think that's a good time 1931 01:39:50.720 --> 01:39:55.119 to negotiate because they're about to pay loss. So you know, okay, 1932 01:39:55.279 --> 01:39:57.479 let's more how low we can go before they do that? 1933 01:39:58.920 --> 01:40:00.560 Yeah, because if they know they're going to sell to 1934 01:40:00.600 --> 01:40:03.680 a collector for pennies, they might want to just do 1935 01:40:03.760 --> 01:40:07.319 a better settlement with you guys, right, correct. 1936 01:40:06.920 --> 01:40:10.840 And sometimes they hire a collector, so sometimes they're selling 1937 01:40:10.920 --> 01:40:14.640 the debt and sometimes they're going out of pocket to 1938 01:40:14.680 --> 01:40:17.680 have a collection agent work on the loan, both of 1939 01:40:17.680 --> 01:40:19.800 which are good opportunities. And I think both of which 1940 01:40:19.840 --> 01:40:22.119 if you can catch them where they pay that or 1941 01:40:22.159 --> 01:40:26.359 they take that loss, again, it's a good time to try. 1942 01:40:26.399 --> 01:40:29.319 Have you ever been able to avert enough debt and 1943 01:40:29.439 --> 01:40:32.359 settle enough debt that someone who came to you with 1944 01:40:32.399 --> 01:40:35.920 a bankruptcy ended up not having to do a bankruptcy? 1945 01:40:36.600 --> 01:40:40.079 Absolutely? Now, I want to be clear that you know, 1946 01:40:40.199 --> 01:40:44.079 if my view is if bankruptcy is your best bet, 1947 01:40:44.159 --> 01:40:47.279 that's what you should do. Right, So I'm not okay now, 1948 01:40:47.319 --> 01:40:49.840 And sometimes it's a close call, right. Bankruptcy can require 1949 01:40:49.880 --> 01:40:52.239 people to be paid debt, sometimes a lot of debt 1950 01:40:52.640 --> 01:40:56.359 and so it's those people who we end up encouraging 1951 01:40:56.439 --> 01:40:59.560 to settle debt because it's cheaper. And you know, we've 1952 01:40:59.560 --> 01:41:01.880 had people that'll, you know, old one hundred and fifty 1953 01:41:01.920 --> 01:41:05.760 grand for people two hundred thousand dollars a debt. And 1954 01:41:05.840 --> 01:41:08.119 the challenge then, though, is coming up with the cash 1955 01:41:08.439 --> 01:41:11.439 to get the settlements in before the lawsuits lawsuits start coming? 1956 01:41:14.079 --> 01:41:17.039 Do the do the creditors ever want to know where 1957 01:41:17.079 --> 01:41:19.039 the lump sum is coming from? 1958 01:41:20.399 --> 01:41:25.840 Yeah, they ask, and you know, so, I mean, I 1959 01:41:25.920 --> 01:41:28.439 mean that and of them that are good, Like if 1960 01:41:28.439 --> 01:41:31.079 it comes from a retirement account for example, that's a 1961 01:41:31.159 --> 01:41:33.720 protected source that they're never going to get otherwise. 1962 01:41:34.840 --> 01:41:35.600 Or hell, what if. 1963 01:41:35.479 --> 01:41:38.479 It's coming from a friend. What if it's yeah, from 1964 01:41:38.560 --> 01:41:41.279 from the family, Like do they look at that as 1965 01:41:41.279 --> 01:41:44.119 a weakness maybe the family will pay more or do 1966 01:41:44.199 --> 01:41:46.119 they look at that as we better take what we 1967 01:41:46.199 --> 01:41:46.600 can get. 1968 01:41:47.880 --> 01:41:53.199 It depends, you know, on the circumstance. It really depends. 1969 01:41:53.800 --> 01:41:56.880 But I find, okay, the most but I find the 1970 01:41:56.880 --> 01:42:01.600 most effective tactic is radio silence until four periods of 1971 01:42:01.640 --> 01:42:03.800 time and then you come and negotiate and if there's 1972 01:42:03.800 --> 01:42:06.600 not something good, back to radio silence for you know, 1973 01:42:06.680 --> 01:42:09.479 three to four months and then you come come back at. 1974 01:42:09.439 --> 01:42:15.359 Them all right, Thank you, Michael Wink. It's Wink Law 1975 01:42:15.399 --> 01:42:19.199 Firm dot com. Seven to zero five to two three 1976 01:42:20.119 --> 01:42:23.439 zero six two zero seven to zero five two three 1977 01:42:24.159 --> 01:42:25.560 zero six to zero. 1978 01:42:26.079 --> 01:42:27.159 We have more coming up. 1979 01:42:32.920 --> 01:42:36.159 Go with a sure thing Denver's best roofer Excel Roofing 1980 01:42:36.279 --> 01:42:36.840 dot com. 1981 01:42:36.880 --> 01:42:38.920 You don't pay a cent until you're content. 1982 01:42:42.279 --> 01:42:45.479 Time for an insurance check up free no obligation comparison 1983 01:42:45.600 --> 01:42:49.119 call Compass Insurance paying too much your coverage at dozens 1984 01:42:49.159 --> 01:42:51.920 of insurance companies find out now three oh three seven 1985 01:42:51.920 --> 01:42:52.479 to seven to one. 1986 01:42:52.600 --> 01:42:52.880 Help. 1987 01:42:53.039 --> 01:42:55.640 You'll think you're his only customer when you choose Frank 1988 01:42:55.720 --> 01:42:58.159 durand the real estate Man dot com to list your 1989 01:42:58.199 --> 01:43:01.319 home with Remax Alliance three all three nine two zero 1990 01:43:01.479 --> 01:43:13.800 sixteen twenty two. Hi Tom Martino, your troubleshooter three A 1991 01:43:13.960 --> 01:43:16.720 three seven to one three talk seven one three eight 1992 01:43:16.760 --> 01:43:20.199 two five five. So Deputy Dimitri has a follow up. 1993 01:43:20.239 --> 01:43:23.039 So a woman calls up about her car and says 1994 01:43:23.159 --> 01:43:25.439 she thinks she has a salvage title. She was never 1995 01:43:25.479 --> 01:43:28.680 it was never disclosed to her, and she found that out. 1996 01:43:28.720 --> 01:43:32.119 How how did she find out or what did she say, 1997 01:43:32.199 --> 01:43:33.279 led to her discovery. 1998 01:43:33.640 --> 01:43:36.359 Well, she ran a vehicle report on some service that 1999 01:43:36.439 --> 01:43:39.199 none of us have ever heard called bumper Per. Yeah, 2000 01:43:39.399 --> 01:43:42.600 and Bumper maintains that this is either a salvage or 2001 01:43:42.640 --> 01:43:47.239 a branded title vehicle. So, as you know, we had 2002 01:43:47.319 --> 01:43:51.479 Kevin Culkin from Shearon Argitech ran a Carfax and the Carfax, 2003 01:43:51.600 --> 01:43:54.920 which is a very reputable company that we're all familiar with, 2004 01:43:55.399 --> 01:43:58.439 doesn't have any indication of either salvage or branded title. 2005 01:43:59.279 --> 01:44:01.159 So break that tie. 2006 01:44:01.479 --> 01:44:03.720 I went to JFR and Associates, and as you know, 2007 01:44:03.760 --> 01:44:05.880 we have a great contact over there named Rod Greer, 2008 01:44:06.680 --> 01:44:08.680 and I wanted to get his advice on it. I 2009 01:44:08.720 --> 01:44:10.760 sent them photographs of both front and back of the 2010 01:44:10.760 --> 01:44:14.720 title and Rada JFR ran it through two of the 2011 01:44:14.760 --> 01:44:18.079 services they use. He ran it through Carfax again in 2012 01:44:18.119 --> 01:44:21.560 another service called auto check, and he told me that 2013 01:44:21.680 --> 01:44:24.239 based on the results of those two checks, it's a 2014 01:44:24.279 --> 01:44:24.960 clean title. 2015 01:44:25.079 --> 01:44:27.399 There is no indication of branding. I guess you. 2016 01:44:27.520 --> 01:44:31.640 Thought because co part was the one that sold it 2017 01:44:31.640 --> 01:44:35.760 to her. Yeah, cot excuse me, Coparts sold it to 2018 01:44:35.800 --> 01:44:36.239 the dealer. 2019 01:44:36.479 --> 01:44:40.039 Yeah, and so she suspected that, well that must have 2020 01:44:40.159 --> 01:44:43.279 been an insurance resh Yeah, which is you know, which 2021 01:44:43.319 --> 01:44:47.560 is a reasonable assumption because co Parts sells insurance re recks. However, 2022 01:44:47.600 --> 01:44:50.800 according to Copart's website, they also claimed that their premier 2023 01:44:50.880 --> 01:44:54.520 auction site for what they call clean title cars. So 2024 01:44:55.159 --> 01:44:58.640 that's not an indication automatic indication of a salvage vehicle, 2025 01:44:59.159 --> 01:45:02.000 but these two serve is. The JFI Access said that, 2026 01:45:02.079 --> 01:45:04.840 hey it's a clean title. Of course, that still leaves 2027 01:45:04.840 --> 01:45:07.159 the possibility of that title having been washed. 2028 01:45:07.359 --> 01:45:10.520 And remember when you called the dealer, they weren't very No, 2029 01:45:10.640 --> 01:45:11.880 they were very unsophisticated. 2030 01:45:11.920 --> 01:45:14.680 It's unsophisticated about how they handled it. They just didn't 2031 01:45:14.680 --> 01:45:15.920 ever want to talk about it. 2032 01:45:16.279 --> 01:45:18.760 But if they have nothing to sounded suspicious to me 2033 01:45:18.800 --> 01:45:20.800 when you called them and they wouldn't even talk about it. 2034 01:45:20.880 --> 01:45:23.439 Yeah, that's that. That's why I was suspicious. 2035 01:45:23.520 --> 01:45:26.039 So my suspicion was based on the fact that they 2036 01:45:26.079 --> 01:45:27.760 refuse to discuss this matter with me. 2037 01:45:28.159 --> 01:45:31.479 Anyway, Kevin Caulkin inspected the car and verified the engine 2038 01:45:31.560 --> 01:45:32.039 is bad. 2039 01:45:32.159 --> 01:45:35.880 Shot done, it's shot. She's gonna need a new engine. 2040 01:45:36.039 --> 01:45:37.319 She's going to need a new car. 2041 01:45:37.680 --> 01:45:41.119 Okay, I'm Tom, Oh yeah, because it's not worth investing. Probably, 2042 01:45:41.920 --> 01:45:43.920 So I'm Tom Martinez. We have more coming up on 2043 01:45:43.960 --> 01:45:46.239 The Troubleshooter Show. Three O three seven to one three 2044 01:45:46.279 --> 01:45:48.399 talk get your calls in three oh three seven one. 2045 01:45:48.279 --> 01:45:50.640 Three eight two five five. 2046 01:45:52.199 --> 01:45:55.479 Go with a sure thing Denver's best roofer Excel Roofing 2047 01:45:55.560 --> 01:45:56.119 dot com. 2048 01:45:56.159 --> 01:46:01.000 You don't pay a cent until you're content on top 2049 01:46:01.079 --> 01:46:01.479 of it. 2050 01:46:01.560 --> 01:46:04.760 Time for an insurance check up free, no obligation comparison 2051 01:46:04.880 --> 01:46:08.439 call Compass Insurance paying too much your coverage at dozens 2052 01:46:08.479 --> 01:46:11.199 of insurance companies find out now three all three seven 2053 01:46:11.319 --> 01:46:14.319 seven one help. You'll think you're his only customer when 2054 01:46:14.319 --> 01:46:16.840 you choose Frank durand the real estate Man dot com 2055 01:46:16.840 --> 01:46:19.920 to list your home with Remax Alliance three all three 2056 01:46:20.039 --> 01:46:31.840 nine two zero sixteen twenty two Ripped you need who 2057 01:46:31.920 --> 01:46:32.479 you don't have? 2058 01:46:35.159 --> 01:46:39.760 Run anxious as fast as we can show shooters gonna help. 2059 01:46:40.000 --> 01:46:42.800 Come man, This is. 2060 01:46:42.760 --> 01:46:44.640 The Troubleshooter Show. 2061 01:46:44.720 --> 01:46:56.199 Now, Tom Martinez, Welcome to the Troubleshooter Show. 2062 01:46:56.279 --> 01:47:00.520 Hello, this is Kuccina Colore, which I am not really 2063 01:47:00.560 --> 01:47:02.760 my name, but some of you know me by that. 2064 01:47:03.560 --> 01:47:05.199 So we're going to go ahead and do a quick 2065 01:47:05.319 --> 01:47:09.600 check in with the deputies here. Let's talk to you, 2066 01:47:09.840 --> 01:47:11.800 Deputy Dollar, what are you working on. 2067 01:47:13.720 --> 01:47:15.960 Yeah, I've got a couple of cases, one with the 2068 01:47:17.119 --> 01:47:27.079 Small Business Administration docking our callers social Security payments like 2069 01:47:27.119 --> 01:47:32.279 two hundred bucks a month. So dealing with everything has 2070 01:47:32.319 --> 01:47:35.880 been kind of Dealing with the government is always slow 2071 01:47:35.960 --> 01:47:36.720 going at best. 2072 01:47:38.119 --> 01:47:41.760 And what about you, mister Deputy Chopper, Well. 2073 01:47:41.640 --> 01:47:45.319 Kelly, I'm only working on that call from up there 2074 01:47:45.359 --> 01:47:48.239 in glen Wood. The guy that went up and worked 2075 01:47:48.239 --> 01:47:51.199 on a trailer and did a lot of digging and 2076 01:47:51.760 --> 01:47:55.279 other stuff. He's trying to get his money. One side 2077 01:47:55.359 --> 01:47:59.039 is saying he didn't send an invoice. He's saying he 2078 01:47:59.239 --> 01:48:02.520 talked to her and the price. So I'm just trying 2079 01:48:02.560 --> 01:48:05.239 to settle them both down and hopefully get some money 2080 01:48:05.279 --> 01:48:07.840 sent to the plumber, as we would say. 2081 01:48:09.600 --> 01:48:12.840 And that was from earlier today, right, Yeah, we we 2082 01:48:12.920 --> 01:48:14.760 tried to get to things as quick as we can. 2083 01:48:15.359 --> 01:48:18.560 Absolutely not like the show. 2084 01:48:18.640 --> 01:48:24.119 Right now, Well, we are here, so hang on for me. 2085 01:48:30.520 --> 01:48:37.319 Hello, you're here, am I on the air? I hear you, 2086 01:48:37.920 --> 01:48:41.359 I hear you. Okay, good, so we're back on. I 2087 01:48:41.359 --> 01:48:43.399 don't know what the hell happened, guys, Sorry about that. 2088 01:48:44.680 --> 01:48:48.199 So three oh three seven one three talk seven one 2089 01:48:48.199 --> 01:48:53.800 three eight two five something went haywire with our remote. 2090 01:48:54.520 --> 01:48:59.119 But is everybody up and running now? Dmitri you're there, 2091 01:49:01.000 --> 01:49:03.479 just give me an indication from the board. If I'm 2092 01:49:03.520 --> 01:49:05.760 on the air, just give me an indication yes or no. 2093 01:49:07.800 --> 01:49:08.199 Thank you. 2094 01:49:08.640 --> 01:49:11.600 Dan McKenzie's with us our guest ceoplans dot Co. I'm 2095 01:49:11.600 --> 01:49:14.319 sorry for the technical difficulty we had. Thank you Kelly 2096 01:49:14.920 --> 01:49:17.319 for trying to fill in there. Dan mackenzie, I'm having 2097 01:49:17.359 --> 01:49:20.960 some questions since you're here about a state law. Let 2098 01:49:20.960 --> 01:49:23.239 me go to my texts that have been piling up. 2099 01:49:23.880 --> 01:49:27.720 Number One, people want to know can they do and 2100 01:49:27.760 --> 01:49:29.840 we get this question all the time. If they do 2101 01:49:29.960 --> 01:49:33.239 their own will, is it valid? Let's talk about the 2102 01:49:33.279 --> 01:49:35.520 pitfalls of that. And first of all, what do they 2103 01:49:35.560 --> 01:49:37.479 mean by their own will? Are they talking about the 2104 01:49:37.520 --> 01:49:39.560 online kind? Do you think or do you think they're 2105 01:49:39.600 --> 01:49:40.760 talking about. 2106 01:49:40.880 --> 01:49:43.680 The kind that they just write. 2107 01:49:44.279 --> 01:49:45.960 I mean it could be either. I assume their time 2108 01:49:46.039 --> 01:49:48.199 out the online kind. But I always tell people like, look, 2109 01:49:48.239 --> 01:49:50.039 you can take out a cocktail napkin and write your 2110 01:49:50.079 --> 01:49:50.520 will on it. 2111 01:49:50.680 --> 01:49:53.039 I mean it's if you can. It's so if you 2112 01:49:53.079 --> 01:49:55.560 write a will, yeah it's valid. 2113 01:49:56.479 --> 01:49:58.119 Yeah, I mean there's certain things that have to have 2114 01:49:58.239 --> 01:49:58.479 you there. 2115 01:49:58.479 --> 01:49:59.640 It has to be in your handwriting. 2116 01:49:59.680 --> 01:50:01.680 So you have the cocktail napkin and you write in 2117 01:50:01.720 --> 01:50:03.520 your handwrite in and you sign and date it like 2118 01:50:03.600 --> 01:50:05.640 that is a will if it says like this is 2119 01:50:05.680 --> 01:50:07.680 my will and I leave this stuff to these people 2120 01:50:07.760 --> 01:50:10.239 like the cocktail gets that we've had post it notes 2121 01:50:10.239 --> 01:50:11.000 submitted to court. 2122 01:50:11.199 --> 01:50:13.279 You've had post it notes? Yeah, all right? 2123 01:50:13.479 --> 01:50:16.039 Now what about the online wills? What do you think 2124 01:50:16.079 --> 01:50:17.439 about those that do it yourself? 2125 01:50:17.479 --> 01:50:19.119 I mean, they just have to be drafted in a 2126 01:50:19.119 --> 01:50:22.279 way that just covers, you know, ninety percent, so you know, 2127 01:50:22.359 --> 01:50:23.840 I can have no special. 2128 01:50:23.600 --> 01:50:26.359 Provis like what are the mistakes that you somebody would 2129 01:50:26.359 --> 01:50:28.359 make with an online will or with their own will. 2130 01:50:28.720 --> 01:50:30.880 It's just so simple, you know. 2131 01:50:30.920 --> 01:50:33.079 I never have clients who tell me like, there's no 2132 01:50:33.239 --> 01:50:36.279 other concerns other than getting stuff outright to adults, and 2133 01:50:36.319 --> 01:50:39.399 that's what those wills are generally drafted to do. We 2134 01:50:39.560 --> 01:50:42.239 certainly have that circumstance come up. But people just don't know, 2135 01:50:42.399 --> 01:50:45.119 they don't know what they don't know, and they don't 2136 01:50:45.119 --> 01:50:48.520 know what their options are for leading stuff to people 2137 01:50:48.880 --> 01:50:52.399 who maybe need some supervision or some protection or whatever else. 2138 01:50:52.720 --> 01:50:55.319 They don't realize, like married couples, like, you know, you 2139 01:50:55.359 --> 01:50:57.159 got to think through what happens if one of us 2140 01:50:57.159 --> 01:50:59.359 dies before the other, because that's probably what's going to happen. 2141 01:50:59.800 --> 01:51:01.399 And in a lot of cases people are doing their 2142 01:51:01.399 --> 01:51:02.960 own wills are just figuring, well, the spouse is going 2143 01:51:03.000 --> 01:51:04.520 to get it, it's gonna be out right, and they're 2144 01:51:04.560 --> 01:51:08.399 just going to be able to have full opportunity. 2145 01:51:07.800 --> 01:51:09.640 To change the plan. And in a blended family, they 2146 01:51:09.720 --> 01:51:10.600 made a total disaster. 2147 01:51:10.800 --> 01:51:13.079 All right, So bottom line is this, then if you 2148 01:51:13.119 --> 01:51:16.119 do your own will, there's just so many mistakes, as 2149 01:51:16.880 --> 01:51:20.760 the main mistake would be if you leave something out 2150 01:51:21.000 --> 01:51:24.239 or if you don't cover all contingency, someone could challenge it. 2151 01:51:24.239 --> 01:51:27.079 Right, Yeah, you got to realize you got to understand 2152 01:51:27.079 --> 01:51:29.039 who could challenge us and why. And I mean if 2153 01:51:29.039 --> 01:51:31.560 you get back to Dmitri's example of earlier in the 2154 01:51:31.640 --> 01:51:33.640 in the show where he said, like, look, if you 2155 01:51:33.680 --> 01:51:37.039 put desnated beneficiaries on stuff or yeah, any titles could you. 2156 01:51:36.960 --> 01:51:41.039 Literally then for goal will, if everything you had was beneficiary. 2157 01:51:40.399 --> 01:51:42.439 May you probably still have personal cree the you can't 2158 01:51:42.439 --> 01:51:45.199 really beneficiary. But yes, we've had clients who we've had 2159 01:51:45.479 --> 01:51:47.279 counseled through they're like I'm going to use the desney 2160 01:51:47.279 --> 01:51:49.079 of beneficiaries to pretty much do all of this. 2161 01:51:49.399 --> 01:51:51.640 So a beneficiary would be for each bank account, a 2162 01:51:51.680 --> 01:51:54.319 beneficiary would be for insurance, a beneficiary would be for 2163 01:51:54.319 --> 01:51:57.760 an annuity, a beneficiary would be for your iras even 2164 01:51:57.880 --> 01:52:01.720 do you have are there are the beneficiary designations for 2165 01:52:01.800 --> 01:52:03.520 iras and roths and all of those. 2166 01:52:03.600 --> 01:52:04.720 Yeah, those pretty reliably. 2167 01:52:04.760 --> 01:52:08.079 So if you did all of that, do you do 2168 01:52:08.119 --> 01:52:09.600 it in the will as well, or do you do 2169 01:52:09.640 --> 01:52:10.279 one or the others. 2170 01:52:10.279 --> 01:52:12.359 You just need to understand that if you can say 2171 01:52:12.359 --> 01:52:14.079 whatever you want in the will, but if you've designated 2172 01:52:14.199 --> 01:52:16.359 with a beneficiary, it's not going to be controlled by 2173 01:52:16.359 --> 01:52:18.000 the will that's in front of the will. 2174 01:52:18.199 --> 01:52:20.640 So the beneficiaries you name come first. 2175 01:52:21.359 --> 01:52:24.279 So if you had beneficiaries named and then went had 2176 01:52:24.319 --> 01:52:27.000 a will done, you have to remember to go back 2177 01:52:27.039 --> 01:52:29.680 to the beneficiary designations and remove them. 2178 01:52:29.720 --> 01:52:30.680 You have to coordinate that. 2179 01:52:30.760 --> 01:52:32.880 And some people want like they you know, the will 2180 01:52:32.920 --> 01:52:35.520 will look like, hey, you disinherited your son, Well, no 2181 01:52:35.600 --> 01:52:38.039 I didn't. He's the beneficiary on the life insurance policy, 2182 01:52:38.119 --> 01:52:39.960 so he's not named of the will, right, So sometimes 2183 01:52:39.960 --> 01:52:42.199 things like that can come up. But yeah, you need 2184 01:52:42.239 --> 01:52:43.960 to make sure that you've coordinated that and up there. 2185 01:52:44.000 --> 01:52:49.279 So beneficiary designations people actually come first before they hit 2186 01:52:49.319 --> 01:52:52.640 your estate. So if you said in your will, I 2187 01:52:52.720 --> 01:52:55.840 want my kid to have my cash, and your kid 2188 01:52:56.039 --> 01:52:58.560 is not named as the beneficiary, but your wife is, 2189 01:52:59.600 --> 01:53:02.119 and and let's say it's a second marriage or something, 2190 01:53:02.159 --> 01:53:05.000 and she's a pod, she gets that money before it 2191 01:53:05.079 --> 01:53:07.079 hits the estate, so your son never sees it. 2192 01:53:07.359 --> 01:53:08.720 Could the son contest it? 2193 01:53:09.560 --> 01:53:12.079 You can contest beneficiary designation, It's just like you can 2194 01:53:12.119 --> 01:53:15.760 contest a will for like, uh, incapacity or undue influence. 2195 01:53:15.840 --> 01:53:19.039 That's harder because those pass outside of a court process, right, 2196 01:53:19.079 --> 01:53:20.239 so there's no case going on. 2197 01:53:20.600 --> 01:53:24.800 So everything outside the will is considered first. If you 2198 01:53:25.000 --> 01:53:27.199 made private agreements, yeah, if you have. 2199 01:53:27.199 --> 01:53:29.159 A joint tendancy, that's one way to do it. If 2200 01:53:29.199 --> 01:53:31.279 you have a Dosney beneficiary, it's another way to do it. 2201 01:53:31.319 --> 01:53:32.600 A trust agreement we talked. 2202 01:53:32.479 --> 01:53:34.920 About ls, so you could possibly have an estate with 2203 01:53:35.039 --> 01:53:37.560 much of your stuff never hitting these state people. 2204 01:53:37.600 --> 01:53:40.920 A huge percentage of wills do nothing. In married couples, 2205 01:53:40.960 --> 01:53:43.239 a lot of times, you know, everything is either jointly 2206 01:53:43.239 --> 01:53:45.479 titled or desneated beneficiaries between the two of them, and 2207 01:53:45.560 --> 01:53:48.600 one person passes away and everything goes even if that 2208 01:53:48.640 --> 01:53:51.680 person's will says they should go to my kids, all right. 2209 01:53:51.880 --> 01:53:54.239 Three h three seven one three eight UO five five D. 2210 01:53:54.840 --> 01:53:56.520 Welcome to the show. What's going on? 2211 01:53:56.640 --> 01:53:59.640 D Hi? 2212 01:54:00.920 --> 01:54:06.680 My name is and I am trying to get a 2213 01:54:06.960 --> 01:54:12.239 proposals from contractors to do landscaping and a retaining wall. 2214 01:54:13.640 --> 01:54:14.359 From the house. 2215 01:54:14.640 --> 01:54:20.279 And I've got a proposal back from a landscape scape landscaper, 2216 01:54:20.439 --> 01:54:23.760 and I always hear from you not to really give 2217 01:54:23.840 --> 01:54:26.119 money up front, and what. 2218 01:54:26.199 --> 01:54:28.880 He is don't give money upfront. Don't give money up 2219 01:54:28.880 --> 01:54:29.720 front for nothing. 2220 01:54:29.840 --> 01:54:35.520 Ever, That's what I'm understanding from listening to you in 2221 01:54:35.560 --> 01:54:40.600 the past. He is asking for a total of eighty 2222 01:54:40.640 --> 01:54:43.920 four hundred, and the day that they he would start, 2223 01:54:44.079 --> 01:54:48.359 he would need three thousand and about halfway through another 2224 01:54:48.479 --> 01:54:53.399 three thousand, and then when he is done the remaining 2225 01:54:53.439 --> 01:54:57.239 two thousand and then I would keep four hundred to 2226 01:54:57.319 --> 01:54:59.840 make sure everything is complete to our set. 2227 01:55:00.079 --> 01:55:03.359 Have four hundred d D. Hold on a second. 2228 01:55:03.640 --> 01:55:08.279 The initial the initial eighty four hundred, what is it for? 2229 01:55:10.239 --> 01:55:17.520 It would be to remove sidewalk and let's see remove 2230 01:55:17.520 --> 01:55:20.239 a six FYT for thirty five sidewalk. 2231 01:55:20.880 --> 01:55:23.359 No, no, no, no, that is not that. No, no, 2232 01:55:23.520 --> 01:55:26.159 that's that's not true. That's not true at all. The 2233 01:55:26.199 --> 01:55:29.119 eighty four hundred initially is for what he didn't He 2234 01:55:29.159 --> 01:55:30.279 didn't remove a sidewalk. 2235 01:55:30.359 --> 01:55:31.880 Yet, what is the eighty. 2236 01:55:31.600 --> 01:55:34.840 Four hundred four the complete job? 2237 01:55:37.039 --> 01:55:41.560 No, that that's not either. D. Let me give you 2238 01:55:41.640 --> 01:55:45.560 an example. If I said, D, I need eighty four 2239 01:55:45.640 --> 01:55:48.520 hundred up front because I'm going to have these supplies 2240 01:55:48.560 --> 01:55:52.479 delivered to your home, or I have to come up 2241 01:55:52.520 --> 01:55:56.199 with a plan, and the architect is charging twenty four hundred, 2242 01:55:56.760 --> 01:55:59.560 and then I have another sixty two hundred or six 2243 01:55:59.600 --> 01:56:03.760 thousand dollars going here or there. I'm asking what is 2244 01:56:03.840 --> 01:56:06.760 the eighty four hundred ear marked four? 2245 01:56:10.840 --> 01:56:12.279 Well, that's a good question. 2246 01:56:14.119 --> 01:56:14.760 It's nothing. 2247 01:56:15.520 --> 01:56:20.039 This person wants eighty four hundred dollars for nothing. That's 2248 01:56:20.079 --> 01:56:23.840 a red flag to me. Nothing. You don't give someone 2249 01:56:23.920 --> 01:56:26.840 eighty four hundred dollars to show up and then he 2250 01:56:26.880 --> 01:56:30.000 wants three grand when he gets there. Does that sound 2251 01:56:30.000 --> 01:56:31.920 to you like a good way of doing business? 2252 01:56:33.319 --> 01:56:36.640 No, it doesn't. And that's why I'm contacting you, because 2253 01:56:36.680 --> 01:56:39.000 I've got I'm going to go ahead and respond, but 2254 01:56:39.680 --> 01:56:41.760 I kind of wanted to make sure that I am 2255 01:56:41.800 --> 01:56:45.520 correct because I listen to you and I do hear that. 2256 01:56:46.600 --> 01:56:50.279 So now here's what you're gonna hear. D. Here's what happens. 2257 01:56:50.640 --> 01:56:52.680 A lot of these people are going to tell you 2258 01:56:53.239 --> 01:56:56.119 that to get your place in line, they want to 2259 01:56:56.119 --> 01:56:58.960 make sure you're serious, so they want you to put 2260 01:56:59.079 --> 01:57:03.039 up some money. Eighty four is a ridiculous amount. 2261 01:57:03.399 --> 01:57:05.760 You hang on. I'm gonna go over what you should do. 2262 01:57:05.760 --> 01:57:08.520 In this case. Plus, we have a question, ed, What 2263 01:57:08.640 --> 01:57:11.239 is your question? D. I'll come right back to you. Ed, 2264 01:57:11.279 --> 01:57:13.279 what's your question? We'll answer it after the break. 2265 01:57:14.479 --> 01:57:17.720 Okay, what is your question? 2266 01:57:18.039 --> 01:57:18.079 Ed? 2267 01:57:18.159 --> 01:57:21.039 Oh yeah, my brother is going to a divorce and 2268 01:57:21.399 --> 01:57:23.479 he put me on his will as his beneficiary. 2269 01:57:23.479 --> 01:57:26.439 But he has three properties with his wife, all right. 2270 01:57:26.319 --> 01:57:27.600 As soon to be ex wife. 2271 01:57:28.439 --> 01:57:30.600 Would that take care of the properties? To media take 2272 01:57:30.640 --> 01:57:31.439 it over the well? 2273 01:57:31.640 --> 01:57:35.279 Now that's a very good question, because you gotta listen, 2274 01:57:35.560 --> 01:57:37.439 the divorce decree is going to have a lot to 2275 01:57:37.479 --> 01:57:40.239 say about it before he dies. So hang on, we'll 2276 01:57:40.239 --> 01:57:42.880 come to that and more coming up on the Troubleshooter Show. 2277 01:57:48.960 --> 01:57:52.199 Go with a Sure Thing Denver's Best Roofer Excel Roofing 2278 01:57:52.319 --> 01:57:55.000 dot com. You don't pay a cent until you're content 2279 01:57:58.359 --> 01:58:01.520 time for an insurance check up. No obligation. In comparison, 2280 01:58:01.680 --> 01:58:05.239 call Compass Insurance paying too much your coverage at dozens 2281 01:58:05.239 --> 01:58:07.960 of insurance companies find out Now three oh three seven 2282 01:58:08.079 --> 01:58:11.079 seven one help. You'll think you're his only customer when 2283 01:58:11.119 --> 01:58:13.600 you choose Frank Durand the real estate man dot com 2284 01:58:13.600 --> 01:58:16.720 to list your home with Remax Alliance three oh three 2285 01:58:16.800 --> 01:58:22.960 nine two zero sixteen twenty two. So I'm talking to 2286 01:58:23.239 --> 01:58:28.600 D and D says she contacted a landscaper who wants 2287 01:58:28.640 --> 01:58:30.640 eighty four hundred dollars up front. 2288 01:58:30.920 --> 01:58:31.960 Here's what I talked to. 2289 01:58:32.039 --> 01:58:34.960 When I talk to contractors and they want money upfront, 2290 01:58:35.279 --> 01:58:38.560 I ask them why. And if they say it's for materials, 2291 01:58:38.600 --> 01:58:43.800 I say I'll pay for materials when they're delivered. If 2292 01:58:43.800 --> 01:58:47.439 they say it's for plans, I'll say, show me the 2293 01:58:47.520 --> 01:58:52.479 plans and I will pay for them. If they say, well, 2294 01:58:52.560 --> 01:58:55.840 I just want to make sure you don't cancel, then 2295 01:58:55.920 --> 01:58:58.399 I'm going to say I don't want to. I want 2296 01:58:58.399 --> 01:59:01.560 to make sure you're not going to cancel. So what 2297 01:59:01.680 --> 01:59:04.399 says I give you eighty four hundred and you cancel 2298 01:59:04.479 --> 01:59:06.880 and keep my money, or you get hit by a truck. 2299 01:59:07.600 --> 01:59:09.479 I'm not paying for your signature. 2300 01:59:10.000 --> 01:59:12.600 I'm not paying for you to promise to come to 2301 01:59:12.680 --> 01:59:15.199 my house, and I'm not going to wait three weeks for. 2302 01:59:15.159 --> 01:59:15.920 You to show up. 2303 01:59:16.439 --> 01:59:19.520 When you show up, if you're hurting for money, I'll 2304 01:59:19.560 --> 01:59:22.760 pay you for that day's work. I'll even pay you 2305 01:59:22.800 --> 01:59:25.680 for a couple days in advance. What I won't give 2306 01:59:25.720 --> 01:59:32.359 you is eighty four hundred dollars for nothing. So this 2307 01:59:32.399 --> 01:59:35.920 guy wants eighty four hundred dollars for nothing, then what 2308 01:59:36.000 --> 01:59:38.840 does he want? 2309 01:59:39.640 --> 01:59:39.800 Hi? 2310 01:59:39.920 --> 01:59:41.880 Tom with you. 2311 01:59:43.920 --> 01:59:46.279 Hello, That's why I'm asking you the question day. 2312 01:59:46.640 --> 01:59:52.119 So the eighty four hundred dollars upfront, what else is 2313 01:59:52.399 --> 01:59:55.159 expected of you after the eighty four hundred? 2314 01:59:56.439 --> 01:59:58.960 Let me clarify. He said the day that he starts, 2315 01:59:58.960 --> 02:00:02.960 he will need three thousand dollars, and then when he's 2316 02:00:03.199 --> 02:00:08.159 halfway through, he'll need another three thousand, and then when 2317 02:00:08.199 --> 02:00:12.880 he is done, he would need the two thousand. So 2318 02:00:13.039 --> 02:00:15.640 it's that is just to clarify that. 2319 02:00:17.880 --> 02:00:21.039 Well, no, wait a second, So you're saying the eighty 2320 02:00:21.079 --> 02:00:27.960 four hundred is the total job. Yes, okay, well that's 2321 02:00:27.960 --> 02:00:30.720 a whole different story. So he doesn't want eighty four 2322 02:00:30.800 --> 02:00:34.079 hundred upfront. He wants three thousand when he starts. 2323 02:00:35.000 --> 02:00:37.640 Yes and halfway, I. 2324 02:00:37.560 --> 02:00:41.960 Have no problem with that. Three I have no problem 2325 02:00:41.960 --> 02:00:48.880 with that. Okay, none, no problem. You're paying as you go, 2326 02:00:49.199 --> 02:00:50.760 your d You're paying as. 2327 02:00:50.720 --> 02:00:52.640 You go, right, okay? 2328 02:00:52.960 --> 02:00:53.399 Uh huh. 2329 02:00:54.880 --> 02:00:55.079 Yes. 2330 02:00:55.199 --> 02:00:58.720 So if he shows up and wants three grand, I mean, 2331 02:00:59.000 --> 02:01:01.920 you know, there's a slight chance even then you give 2332 02:01:01.960 --> 02:01:04.199 three grand and the guy then goes to another job 2333 02:01:04.239 --> 02:01:07.319 the next day, and you know, and they rob Peter 2334 02:01:07.399 --> 02:01:09.960 to pay Paul. But I don't mind paying when someone 2335 02:01:10.039 --> 02:01:12.960 shows up an installment. I don't mind it at all. 2336 02:01:13.439 --> 02:01:15.960 Are there materials included in that three grand? Or is 2337 02:01:16.000 --> 02:01:16.760 it just labor? 2338 02:01:20.279 --> 02:01:25.880 He hasn't set it. Sounds like that's for materials and labor. 2339 02:01:27.479 --> 02:01:29.600 Good. I have no problem with it. 2340 02:01:30.600 --> 02:01:32.640 Yeah, I hit the contract you sent me is a 2341 02:01:32.680 --> 02:01:37.600 bit weak, I don't you know. Like I said, it's 2342 02:01:37.640 --> 02:01:40.359 a bit weak. But I wanted to find out how 2343 02:01:40.439 --> 02:01:42.279 you felt about the three thousands. 2344 02:01:42.319 --> 02:01:44.119 How did you find Let me ask you a bigger 2345 02:01:44.239 --> 02:01:47.159 Let me ask you a bigger question. How'd you find 2346 02:01:47.159 --> 02:01:47.960 the contractor? 2347 02:01:49.640 --> 02:01:53.960 You know it was through a mailer and I looked 2348 02:01:54.000 --> 02:01:54.840 him up online? 2349 02:01:55.399 --> 02:01:59.720 Wrong answer, wrong, answer. Sorry, wrong answer. You got a 2350 02:01:59.760 --> 02:02:01.920 man and that's how you picked him. Did you do 2351 02:02:01.960 --> 02:02:03.840 any did you do any checking on this guy? 2352 02:02:05.239 --> 02:02:05.720 I did? 2353 02:02:06.439 --> 02:02:08.079 I did? 2354 02:02:08.520 --> 02:02:08.720 Wait? 2355 02:02:08.760 --> 02:02:11.760 Wait, what kind of checking? D? What kind of checking 2356 02:02:11.800 --> 02:02:14.119 did you do on them? I? 2357 02:02:14.319 --> 02:02:16.880 What I did? I went online to see some reviews. 2358 02:02:17.079 --> 02:02:20.439 I asked him when he came to the house to 2359 02:02:20.520 --> 02:02:25.199 give me some you know, reviews and past work. I'm 2360 02:02:25.199 --> 02:02:28.800 not totally sold, but D, I'm calling. 2361 02:02:29.119 --> 02:02:32.199 So did he give you did he give you references 2362 02:02:32.239 --> 02:02:33.359 from past jobs? 2363 02:02:35.000 --> 02:02:35.079 No? 2364 02:02:37.560 --> 02:02:40.159 Okay, So how did you exactly check him out? 2365 02:02:40.520 --> 02:02:40.640 So? 2366 02:02:40.840 --> 02:02:45.520 All I heard so far is that you read reviews online. 2367 02:02:45.840 --> 02:02:47.079 That's all I've done. 2368 02:02:47.399 --> 02:02:51.359 To be honest, I would want to talk to three clients, 2369 02:02:52.239 --> 02:02:54.920 three of them, and I would want to talk to 2370 02:02:54.960 --> 02:02:58.279 them in detail about the work that he did and 2371 02:02:58.319 --> 02:03:00.560 if there were any problem. Go with a sure thing 2372 02:03:00.640 --> 02:03:03.479 Denver's Best Roofer Excel roofing dot com. 2373 02:03:03.520 --> 02:03:05.520 You don't pay a cent until you're content. 2374 02:03:08.880 --> 02:03:12.079 Time for an insurance check up free, no obligation comparison 2375 02:03:12.199 --> 02:03:15.800 call Compass Insurance paying too much your coverage at dozens 2376 02:03:15.800 --> 02:03:18.520 of insurance companies find out now three all three seven 2377 02:03:18.520 --> 02:03:20.880 to seven to one help. You'll think you're his only 2378 02:03:20.960 --> 02:03:23.439 customer when you choose Frank durand the real estate man 2379 02:03:23.479 --> 02:03:26.960 dot Com to list your home with Remax Alliance three 2380 02:03:26.960 --> 02:03:35.039 all three nine two zero sixteen twenty two. Hi Tom Martino, 2381 02:03:35.119 --> 02:03:38.079 you're a troubleshooter three all three seven to one three 2382 02:03:38.119 --> 02:03:41.399 talks seven one three eight two five five. Hey, so listen, 2383 02:03:41.439 --> 02:03:43.800 I had some technical difficulty earlier in the show, and 2384 02:03:43.840 --> 02:03:45.800 I had the Knix's YouTube early and all that, and 2385 02:03:45.800 --> 02:03:49.199 I apologize to everybody, And here's the deal. You know, 2386 02:03:49.239 --> 02:03:52.479 once in a while that happens with broadband and networks 2387 02:03:52.520 --> 02:03:54.560 and all of that crap. So I'm just gonna ask 2388 02:03:54.640 --> 02:03:57.880 Dragon that he not report me to management, because uh, 2389 02:03:57.960 --> 02:03:59.720 I think I'm on my last leg right now as 2390 02:03:59.760 --> 02:04:00.000 it is. 2391 02:04:01.119 --> 02:04:01.840 Can I have yours? 2392 02:04:02.720 --> 02:04:05.199 Thank you, Dragon, because I know that you would never 2393 02:04:05.279 --> 02:04:06.800 report Brownie if. 2394 02:04:06.680 --> 02:04:08.239 He had a technical difficulty. 2395 02:04:09.039 --> 02:04:14.159 But yeah, So anyway, Dragon's main gig is with Brownie. 2396 02:04:14.159 --> 02:04:18.079 I say his main gig because it is, but he 2397 02:04:18.439 --> 02:04:21.079 graces us for two hours of the show, and every 2398 02:04:21.079 --> 02:04:24.079 once in a while we have our technical difficulties. Of course, 2399 02:04:24.119 --> 02:04:26.199 I'm a prima donna who does the show from home 2400 02:04:26.239 --> 02:04:28.359 in his home studio, so every once in a while. 2401 02:04:28.359 --> 02:04:28.920 It happens. 2402 02:04:29.119 --> 02:04:31.800 I have Dan mackenzie as my guest and by the way, 2403 02:04:33.199 --> 02:04:38.600 he does a state planning wills and trusts. 2404 02:04:39.920 --> 02:04:40.560 I want to talk. 2405 02:04:40.680 --> 02:04:44.520 Somebody asks Tom tell us more about LLC's now, Dan, 2406 02:04:44.560 --> 02:04:46.960 I don't want to steer people the wrong way, but 2407 02:04:47.560 --> 02:04:51.439 LLC's for families, I think sometimes can take the place 2408 02:04:51.439 --> 02:04:54.800 of a trust. Can you elaborate on that on LLC 2409 02:04:55.000 --> 02:04:56.680 is an entity, it's a corporation. 2410 02:04:56.920 --> 02:04:59.279 Really, it's more like a business with a number of 2411 02:04:59.279 --> 02:05:02.399 people run it, whereas a trust has a trustee and 2412 02:05:02.439 --> 02:05:05.199 the trustee is in charge of things, and that might 2413 02:05:05.239 --> 02:05:07.600 not work for some situations. The most common situation that 2414 02:05:07.640 --> 02:05:10.359 we use LLCs for in estate planning is actually like 2415 02:05:10.840 --> 02:05:14.760 abusination properties. Actually, oh yeah, beyond businesses. So like let's 2416 02:05:14.760 --> 02:05:18.239 say you've got a family vacation property. You've got you know, 2417 02:05:18.359 --> 02:05:21.399 multiple people in the next generation. Okay, I want to 2418 02:05:21.479 --> 02:05:23.439 use that, like rather than putting. 2419 02:05:23.159 --> 02:05:25.560 One trustee in charge, okay. 2420 02:05:25.239 --> 02:05:27.359 They're all kind of on a board of directors together. 2421 02:05:27.520 --> 02:05:29.439 And then there's rules in there about how do we 2422 02:05:29.479 --> 02:05:32.239 decide who gets to use it when? What if somebody 2423 02:05:32.239 --> 02:05:33.800 wants to be bought out because they live in Florida 2424 02:05:33.880 --> 02:05:35.319 and those properties in Brecknry. 2425 02:05:35.359 --> 02:05:39.520 Okay, so someone said, how specific can you let me 2426 02:05:39.640 --> 02:05:40.279 let me find it? 2427 02:05:40.319 --> 02:05:41.319 I'm trying to remember it. 2428 02:05:41.800 --> 02:05:45.680 How specific can you get with a trust as to 2429 02:05:45.720 --> 02:05:49.720 what happens to the asset through the life of your heirs? Like, 2430 02:05:49.840 --> 02:05:52.039 can you control the damn thing till the day? I mean, 2431 02:05:52.039 --> 02:05:55.159 can you after you die maintain control of the stuff? 2432 02:05:55.239 --> 02:05:57.560 Yeah? Yeah, that is often a purpose. 2433 02:05:58.119 --> 02:05:59.399 You've got to be a little bit care I always 2434 02:05:59.399 --> 02:06:00.880 tell people you got to decide do you want to 2435 02:06:00.920 --> 02:06:02.720 be real vague or do you want to be real specific? 2436 02:06:02.720 --> 02:06:04.079 And there's pros and cons to both. 2437 02:06:04.319 --> 02:06:07.640 Now, if someone is very specific, like this home is 2438 02:06:07.680 --> 02:06:10.199 to be kept in the family, and this is that 2439 02:06:10.279 --> 02:06:12.920 and the other thing, and this artwork is to be 2440 02:06:13.199 --> 02:06:15.279 hung here, I mean, can you get like that? 2441 02:06:16.800 --> 02:06:19.000 Yeah, I don't know about the artwork exam no, no, 2442 02:06:19.039 --> 02:06:22.039 but but yeah, certainly, yes you can. But it's like, 2443 02:06:22.159 --> 02:06:24.560 you know, the problem with being real specific is you're 2444 02:06:24.600 --> 02:06:26.760 gonna probably have some unintended consequences. 2445 02:06:26.880 --> 02:06:28.880 Again, it's like, that's what I want to ask. 2446 02:06:28.920 --> 02:06:34.000 Then can a trustee change the trust for the good. 2447 02:06:33.800 --> 02:06:34.399 Of the errors? 2448 02:06:35.199 --> 02:06:37.239 They can have a private agreement in a lot of 2449 02:06:37.239 --> 02:06:39.880 circumstances where they can agree to change the terms. 2450 02:06:39.920 --> 02:06:42.159 That no, the trusty cannot unilaterally change the terms. 2451 02:06:42.279 --> 02:06:45.000 So you mean to tell me you have that much 2452 02:06:45.079 --> 02:06:48.439 power after death when it is put into a trust, 2453 02:06:48.520 --> 02:06:50.640 it is it is a contract. 2454 02:06:50.079 --> 02:06:51.840 Pretty much, Yeah, because it was. 2455 02:06:51.920 --> 02:06:54.520 So it's kind of like maintaining control after you die. 2456 02:06:54.680 --> 02:06:57.720 Yeah, there are limits, of course, but what would be 2457 02:06:57.720 --> 02:07:00.680 a limit. Well, for one is you can't violateublic policy. 2458 02:07:00.800 --> 02:07:03.319 So you can't say, like you're only going to be 2459 02:07:03.520 --> 02:07:05.439 able to use this house if you marry within the 2460 02:07:05.520 --> 02:07:06.119 Christian faith. 2461 02:07:06.279 --> 02:07:07.039 Okay, we're not. 2462 02:07:06.960 --> 02:07:11.119 Doing Okay, you can't dictate that behavior. Can you say 2463 02:07:11.119 --> 02:07:12.800 you don't get this unless you have a job. 2464 02:07:14.079 --> 02:07:17.479 Yes, I mean again, there's actually a famous example of people, 2465 02:07:17.600 --> 02:07:19.399 so somebody set up a trust where they said, we're 2466 02:07:19.399 --> 02:07:22.119 going to match your W two in right, right, and thinking, well, 2467 02:07:22.119 --> 02:07:24.960 we're motivating this person to work. Well, like as a 2468 02:07:24.960 --> 02:07:27.600 business owner, you might not have a W two So 2469 02:07:28.199 --> 02:07:32.119 the problem right, So that's where it's like, didn't really 2470 02:07:32.159 --> 02:07:32.640 think through that. 2471 02:07:33.119 --> 02:07:33.359 Now. 2472 02:07:33.439 --> 02:07:36.560 Can you do a trust where you have some specific 2473 02:07:37.199 --> 02:07:38.920 specifics in mind. 2474 02:07:39.319 --> 02:07:42.039 But you leave it open for change. 2475 02:07:42.520 --> 02:07:46.199 Yeah, I mean it has to be something that people 2476 02:07:46.199 --> 02:07:48.119 can understood. Just like a contract, it has to be 2477 02:07:48.159 --> 02:07:51.439 something that people can understand exactly what we're talking about here. 2478 02:07:51.479 --> 02:07:52.279 So sometimes if. 2479 02:07:52.159 --> 02:07:55.520 It's too a morphous, the trust he might have to 2480 02:07:55.520 --> 02:07:57.159 go to court and get some direction on it because 2481 02:07:57.279 --> 02:07:58.239 I don't really know what this means. 2482 02:07:58.239 --> 02:08:00.239 Now, the one guy with a son and daughter want so, no, 2483 02:08:00.399 --> 02:08:01.960 can you have co trustees? 2484 02:08:02.439 --> 02:08:02.880 Yeah? 2485 02:08:02.960 --> 02:08:06.479 I mean we usually recommend caution on that just because, Okay, 2486 02:08:06.479 --> 02:08:08.800 at least at the very minimum, it's probably an administrative 2487 02:08:08.800 --> 02:08:10.560 hassle because now they both have to participate. 2488 02:08:10.640 --> 02:08:13.079 But you could have like maybe co trustees with a 2489 02:08:13.119 --> 02:08:14.279 tiebreaker of somebody. 2490 02:08:14.399 --> 02:08:18.000 Yeah, that's the thing. You need a tiebreaker or you know. 2491 02:08:18.600 --> 02:08:20.720 I've had clients say, well, let's make them both trustees. 2492 02:08:20.720 --> 02:08:21.840 That'll force them to get along. 2493 02:08:21.880 --> 02:08:24.159 It does not. It does not. I mean they might 2494 02:08:24.159 --> 02:08:25.640 still not get along. And now what do we do? 2495 02:08:25.840 --> 02:08:30.279 Okay, now, in the event of trustees, do you have 2496 02:08:30.399 --> 02:08:34.079 survivor do you have a contingency plan for if that 2497 02:08:34.119 --> 02:08:35.680 trustee is incapacitated? 2498 02:08:36.039 --> 02:08:37.760 Is how many levels do you go down? 2499 02:08:37.920 --> 02:08:40.079 I mean I like to go a couple at least. 2500 02:08:40.079 --> 02:08:43.359 So the trustee, a substitute for that trustee, and maybe 2501 02:08:43.359 --> 02:08:44.840 even a substitute for that one. 2502 02:08:44.920 --> 02:08:47.239 Yeah, and maybe some provisions saying Okay, if this position 2503 02:08:47.279 --> 02:08:49.359 has ended up vacant, what are we going to? I 2504 02:08:49.399 --> 02:08:51.920 mean I had one client whose brother passed away, and 2505 02:08:51.920 --> 02:08:54.960 he had like six people named, and he he owned 2506 02:08:54.960 --> 02:08:58.159 like twenty LC's all holding these different rental properties. And 2507 02:08:58.159 --> 02:08:59.560 all six of those people are like, I'm not dealing 2508 02:08:59.560 --> 02:08:59.800 with this. 2509 02:09:00.319 --> 02:09:03.359 Seeah, they don't have to do. So if you have 2510 02:09:03.399 --> 02:09:05.560 a trustee that doesn't want to do it, what happens? 2511 02:09:06.039 --> 02:09:07.720 They just turn it down and eventually you get to 2512 02:09:07.760 --> 02:09:09.439 a point where it's like, Okay, this thing does not 2513 02:09:09.479 --> 02:09:12.720 have a trustee, want somebody else to trustee. 2514 02:09:13.079 --> 02:09:15.520 Now, in my opinion, that would be the death knell 2515 02:09:15.560 --> 02:09:16.119 of a trust. 2516 02:09:17.079 --> 02:09:18.439 It's not where you want you. I mean, you're trying 2517 02:09:18.439 --> 02:09:20.000 to stay out of court. That's why you do a trust. 2518 02:09:20.760 --> 02:09:22.600 So if you end up in court, it's probably not great. 2519 02:09:22.640 --> 02:09:25.840 And I don't believe public administrators, and you've heard me 2520 02:09:25.880 --> 02:09:26.560 say this before. 2521 02:09:26.600 --> 02:09:30.439 I think they're the worst scourge that ever happened. I do. 2522 02:09:30.600 --> 02:09:33.479 I do dan because they the first thing I believe, 2523 02:09:33.520 --> 02:09:36.159 Now look at I'm just giving my opinion. I believe 2524 02:09:36.239 --> 02:09:37.720 the first thing they do is look at this a 2525 02:09:37.720 --> 02:09:41.159 state and say what's in it for me? I mean, 2526 02:09:41.199 --> 02:09:42.760 I don't know what your experience has been. 2527 02:09:42.800 --> 02:09:43.399 In general. 2528 02:09:43.720 --> 02:09:45.720 They've even made movies about it, and I know we've 2529 02:09:45.760 --> 02:09:48.640 talked about it before. Do you don't you believe that's 2530 02:09:48.640 --> 02:09:50.199 the worst thing that can happen to an estate? 2531 02:09:50.319 --> 02:09:51.880 I mean they're pretty tightly supervised. 2532 02:09:51.880 --> 02:09:57.520 But yes, there are supervised. Who supervises? Nobody actually says 2533 02:09:57.520 --> 02:09:58.880 give us a quarterly report? 2534 02:09:58.960 --> 02:09:59.239 Do they? 2535 02:09:59.600 --> 02:10:01.279 I mean they We do have to report to the 2536 02:10:01.319 --> 02:10:02.119 court annually. 2537 02:10:02.560 --> 02:10:04.319 Well, it depends on which are we talking about, like 2538 02:10:04.319 --> 02:10:07.119 a custodianship or are we talking Oh, we're talking about 2539 02:10:07.119 --> 02:10:10.000 a trustee of a trustee of a trust for someone's 2540 02:10:10.000 --> 02:10:12.760 passed away. So yeah, the state law is you have 2541 02:10:12.840 --> 02:10:17.640 to report at least annually to the beneficiaries and then. 2542 02:10:17.520 --> 02:10:20.560 The beneficiaries if they get upset, then the beneficiary. 2543 02:10:20.920 --> 02:10:23.159 Can beneficiaries remove a trustee. 2544 02:10:23.439 --> 02:10:25.079 They can ask the court to do it unless the 2545 02:10:25.199 --> 02:10:27.840 trust document says provide them some mechanism to do it. 2546 02:10:27.920 --> 02:10:31.720 Do you ever allow for beneficiaries who really write the 2547 02:10:31.760 --> 02:10:34.439 trust for to be able to remove a trustee? 2548 02:10:35.239 --> 02:10:37.880 Yes, but we when we do that, we always put 2549 02:10:37.920 --> 02:10:40.159 tight constraints around who they can appoint, and that's for 2550 02:10:40.199 --> 02:10:43.800 their protection if they can disappoint themselves any creditor coming 2551 02:10:43.800 --> 02:10:46.000 after them as like you're really in charge of So is. 2552 02:10:45.960 --> 02:10:48.279 It accurate to say a trustee or excuse me? 2553 02:10:48.399 --> 02:10:52.640 A trust is an entity that survives you but still 2554 02:10:52.680 --> 02:10:54.439 carries on your wishes and hopes. 2555 02:10:56.199 --> 02:10:58.720 Yes, yep, sure, yeah. 2556 02:10:58.279 --> 02:11:01.359 And then the trustee is there to see that it's 2557 02:11:01.399 --> 02:11:05.680 carried out correct. And the beneficiaries are the benefits are 2558 02:11:05.760 --> 02:11:07.920 the beneficiaries of what you have provided? 2559 02:11:08.000 --> 02:11:09.840 Yeah, I mean I analogize it to a company. So 2560 02:11:09.880 --> 02:11:12.720 the trustee is the CEO and the beneficiaries of the shareholders. 2561 02:11:12.800 --> 02:11:15.159 All right, we got more coming up on the Troubleshooter Show.