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The Ramsey Show Highlights

My Adult Brother Lives With My Parents But Won’t Speak to Them

The Ramsey Show Highlights

Ramsey Network

Investing, Self-improvement, Education, Business

4.5840 Ratings

🗓️ 30 November 2024

⏱️ 6 minutes

🧾️ Download transcript

Summary

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Transcript

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0:00.0

Brought to you by the Every Dollar app. Start budgeting for free today.

0:06.6

Hey guys, huge fan. My wife and I are baby Step 7 and we are FQ coordinators, but...

0:13.2

Wow. And thank you. Oh, of course. We are taking a break this year because we're having another baby, so...

0:20.1

Oh, congratulations.

0:21.6

Thank you.

0:23.6

This is really a future estate question.

0:27.6

Let me explain.

0:29.6

My brother and his family have completely cut off contact with my parents and now with me and my family.

0:36.6

And they've given me the power of attorney, et cetera,

0:40.9

to deal with their estate once that time comes.

0:44.3

And here's the tricky part though.

0:45.7

My parents bought and paid for my brother's house almost 20 years ago

0:50.0

and still own it and are still paying for taxes and insurance, etc.

0:55.6

They didn't buy me a house, which is not a big problem,

0:58.4

but my parents won't give me much more direction other than he gets the house,

1:02.9

and I would inherit their house upon their death.

1:07.3

But my parents had a rental I'd like to have.

1:10.0

That's not in the will.

1:11.5

My question is, how do I make these decisions from a moral and financial standpoint if they

1:16.9

won't give me direction?

1:18.0

And my brother has basically gone AWOL from the family.

1:21.9

Well, I think it's pretty simple.

...

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