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The Ramsey Show Highlights

This Is A $200,000 Mistake

The Ramsey Show Highlights

Ramsey Network

Investing, Self-improvement, Education, Business

4.5840 Ratings

🗓️ 3 September 2024

⏱️ 9 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.

0:06.0

I really have no approach. I know nothing about what to do, how to handle this situation

0:12.0

that will be coming in the future.

0:14.0

Okay.

0:15.0

My parent, they have roughly $700,000 in the bank, no debt, a 10-acre farm, and a house.

0:25.7

I am the only biological child to my father.

0:29.8

My brother and sister are stepchildren to him.

0:33.6

Upon conversation with my dad, there is no plan in place of how the money will be dispensed

0:41.3

or the farm the house other than my father says well when i when i leave this world the assets the

0:49.8

money everything it'll go to your mom she can do whatever she wants with it and then when she

0:53.8

leaves the world it goes to you, Garrett.

0:57.0

The home and the farm are deeded to me.

1:00.4

They have a, I think, you know, they can live there while they're alive, but then when they

1:04.5

pass it, it's mine.

1:06.1

When did they do that?

1:08.8

It's been about four years ago.

1:11.7

Yeah.

1:12.4

So this whole situation makes me very uneasy.

1:15.4

It's a lot of money, and I just don't want a sibling rival.

1:21.0

Yeah, I agree.

1:22.1

I don't know what to do.

1:23.3

So were your stepbrother and sister raised by your father?

...

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