0:12

He served at the Pentagon as an army jag. He graduated from Notre Dame

0:17

and has two law degrees from Boston University and Georgetown University. He's been practicing

0:23

law for over thirty years. He's your family's personal attorney. It's time for

0:29

the David Carrier Show. Hello, and welcome to the David Carrier Show on

0:36

David Carrier, your family's personal attorney. You have found the place where we

0:40

talk about a state planning, elder law, real estate, what else?

0:45

Business law? That's right, business law. Hey, you know how you

0:50

thought that the government really had its act together, especially the irs? Woo,

0:54

irs must really have its act together? Right? Sure? Well?

0:58

Oh oh, I got to say this too. Six one six seven seven

1:02

four twenty four twenty four. That's six one six seven seven four twenty four

1:07

twenty four. That's the number to call if you'd like to get your question,

1:11

comment or concern on the air. If you have a question, comment

1:15

or concern that's even the slightest bit interesting because it's probably gonna be better than

1:21

what I got. Anyway, let's talk about the I R S, shall

1:23

we? You know the irs? You know I did a lot of work

1:27

with the employee retention tax credit, employee retention tax credit. I did a

1:32

lot of work with that, and I got a team of attorneys nationally and

1:37

oh wonderful stuff. And now they're starting to pay out some of it.

1:42

You know that moratorium thing, there's there's uh, you know, you talk

1:47

about idiots, Well, I mean they're past the point of being able to

1:53

audit some of these returns. You know that's happening. You know, talk

1:59

about not playing your cards right, you know, if you really wanted to

2:01

go after these people and you kids still go after him for like fraud and

2:05

criminal stuff. But and some people did that, okay, and like I'm

2:08

fine with that. Go after these you know what I mean. Let let's

2:13

not say, oh, you made a wrong bookkeeping entry that no one ever

2:17

saw, you know, as sort of a routine if you're a high profile

2:22

person, right and you made a wrong bookkeeping entry somewhere, or somebody disputes

2:28

that it was a correct bookkeeping entry somewhere, and now sixteen years later or

2:32

however long it is, you know, years and years later, now we're

2:37

gonna put you in jail for it. Yeah, well, well this is

2:40

America. That would never happen that when people say that nobody's above the lot,

2:47

are they talking about the people at Ivy League University has another question for

2:52

you. Would you ever say, what if your grandkid Let's put it this

2:54

way, what if your kids come to you, Oh, grandma, grandpa.

2:59

Let's assuming you know, I'm making some assumption about the age of my audience. So if this doesn't apply to you, get offended all you want,

3:06

I don't care. You can turn the channel. I'm sure there's a

3:09

country music station, a hip hop station, an electronic music station. It's

3:14

some other station that you will appreciate more. I'm sure that's true. But

3:17

if you're still with me and they come to you and they say, grandma,

3:21

grandpa or your kids do oh dad, you know little Jimmy Janey there

3:27

got into Columbia, You're like, yeah, okay, what else? Oh?

3:36

Bad news? Huh you wasted however much? The application for you was

3:39

who the hell go to that? And that's says pool of idiocy. No,

3:44

No, you got into Harvard. Oh can we could you help out?

3:50

Yeah, here's a brochure for Grand Valley State University. Here, that's

3:54

some help for you. You know what I mean, it's absolutely sir,

4:00

the world's going upside down, isn't it? Isn't it? And I started

4:03

here on the irs. There's another fine pack of idiots like so back during

4:11

the golden years, I mean, you know, prior to twenty twenty.

4:16

Isn't that weird? Yeah? You know, I gotta say now I'm gonna

4:20

do it, Joe Biden think I'm gonna whisper? Right? Oh, anyway,

4:26

how you look back, remember remember what was going on for you know,

4:31

quite a bit of you know, the last president's term. You think

4:38

about that, right, right, what was going on? Lockdowns, COVID,

4:42

Oh, it was terrible. And we look back on that now thinking,

4:47

oh, the good old days? Are you kidding me? Where are

4:53

we? Anyway? Part of part of that, part of the good old

4:57

days, which may be good again, Who knows part of the good old

5:00

days was Well, it's up to you, frankly, if you want the

5:03

good old days to return anyway, that's who knows. You know. Back

5:10

during the good old days, they did this thing called the Secure Act.

5:13

And the Secure Act was designed to reform and take out some of the some

5:17

of the you know, nonsense that had grown up around individual retirement accounts.

5:23

Four one case four H three b's all those retirement things, those things that

5:27

you have that are like super secure for you, right, those things that

5:30

you wouldn't touch that Hey, if you know, look, the rest of

5:34

the world can go to hell in a handbasket. I got my IRA.

5:39

I'm still okay, will be okay, it's no problem, you know,

5:43

take myself security. Please don't. But if you did, I still have

5:46

my IRA. Right, And people felt that way about it, as they

5:49

should feel that way about it, because that was that was the idea,

5:56

right, if all else fails, if all else failed, right, I've

6:00

at least got that pot of money, that pot of money. And they

6:03

told me that they wouldn't ever take it away from me. Oh no,

6:06

they wouldn't take it away from me. And I'm like an idiot. I

6:11

believed them. And no, not like an idiot. No, you believed

6:14

them as you should and as you used to be able to. Anyway,

6:19

The point is that over the years since the seventies when the IRA became a

6:27

thing, you know, late seventies, early eighties became a thing, well,

6:32

well since then, there have been changes in the world in all kinds

6:38

of other stuff. And the original law needed reformation. So they reformed it,

6:43

okay, and then they reformed it. Then they reformed it again,

6:48

Secure Act too. And we actually got some really good stuff out of the

6:51

Secure Act too, So happy for that, you know. And the rest

6:56

of it, okay, well, well one of the things that they said,

7:01

and then we've got some bad stuff. There's some bad stuff there too,

7:03

because they wanted their taxes sooner. And the way they did it was

7:08

to do an end run and not an Enron, but an end run around

7:13

you. They said, well, look, you these people put the money

7:16

in, will never take it out. You're not going to take it out,

7:20

you know, maybe possibly because they're required, but now the age for

7:25

that's going up, so you still never take it out. But your kids,

7:29

oh your kids, Marty, your kids. Something's got to be done

7:31

about them. Well, your kids will take it out in a heartbeat.

7:36

Right, Well, when there's no more heartbeat, namely yours, then they'll

7:42

take it out, like by the next weekend. Right, that's what they

7:46

do. As a matter of fact, Ask your kids what they you know,

7:49

here's an eye opener for you. Here's an eye you said, Oh,

7:53

not my kids. My kid's way too smart for that. Listen,

7:56

your kids aren't even smart enough to lie to you. Not because try this,

8:03

ask them, Hey, when I die and you get my IRA,

8:07

what are you going to do with it? Nine times out of ten they

8:11

tell you. They will straight up tell you. And the ones I love

8:15

the best when the in laws are the ones who are leading their charge.

8:18

Right, Oh, we're going to use that to pay off the credit cards,

8:20

pay off the house, payoff Janie's student loans. We're going to use

8:22

that for and in the meantime, you're like, you know, sick to

8:28

your stomach. Right, Okay, that's how they look at the IRA.

8:33

Well, in the Secure Act two irase they said, IRS said, or

8:39

the Congress said, uh, you got to take all the money out in

8:41

ten years. Used to be able to stretch this out over the lifetime,

8:46

over the lifetime of your kids. And most of our clients actually did that

8:50

when people found out that they could stretch out the IRA for lifetime, even

8:54

though it costs more money. Oh yes, it costs more money. It

8:58

doesn't anymore. But back then we charge extra to do those documents, right

9:01

right, they said, yeah, sign me up for that. That's great.

9:07

Okay, now it's all going to come out in ten years, right,

9:09

within ten years, not lifetime. Ten years. And their law does

9:13

not say that I can find that the kids have to take require minimum distributions

9:20

rmds. All right, you have to take require minimum distributions when you get

9:24

a certain age. But the kids did not. The kids did not have

9:28

to take requirement. Didn't say that. What do you think the Internal Revenue

9:33

Service said? Internal Revenue said, yeah, but we'd like it if they

9:35

did. So here's the regulations that say you got to start taking out require

9:41

minimum distributions over this ten years. It all has to come out within ten

9:45

years. And with these massive penalty taxes, massive taxes if you don't take

9:50

the money out right, for if you don't take out your rm ds,

9:54

it's a fifty percent tax on the money that you should have taken out in

9:58

addition to the income tax. We really want to take the take that out

10:01

right. Well, well, yet again, I think it was last week

10:05

week before they said, yeah, nobody believes this will issued that regulation,

10:11

so don't worry about it for this year either. Seriously, this is what's

10:16

going on. It's been four or five years now that we've had this,

10:20

and every year they come out and say, yeah, you know that require

10:24

minimum distribution thing for your kids. Yeah, yeah, it's still the law.

10:28

We think it's still a regulation, but this year you don't have to

10:33

do it again. That's who's running the country. Thanks for nothing. You've

10:37

been listening to the David Carrier Show on David Carrier, your Family's Personal attorney.

10:41

Give us a call. Why don't you? It can't hurt, doesn't

10:43

cost six one six seven seven four twenty four twenty four. That's sixty one

10:48

six seven seven four twenty four twenty four. This hour of the David Carrier

11:07

Show is pro bono, so call in now at seven s four. This

11:13

is the David Carrier Show. Welcome back to the David Carrier Show on David

11:18

Carrier, your Family's Personal Attorney. You have found the place where we still

11:24

talk about a state planning, elder law, real estate and business law.

11:28

So if you're wondering, you know, what do I do about the high

11:31

cost of long term care? Because oh, did you know it's not going

11:33

down? That's correct, the high cost long term care is not going down.

11:39

Instead, it's going in the other uh, in the other direction.

11:43

Now you say to yourself, well, well, jeepers, that's not fair.

11:45

Why would why would that be Why would the you know, why would

11:52

the high cost of long term care be going up? Well, I don't

11:56

know. Maybe it's because there's a lot more older folks and a lot fewer

11:58

younger folks. You know, this is the this you know, you talk

12:03

about being sold on big ideas that are just flat wrong. Right, Remember

12:07

growing up when everyone's like, oh, the population bomb. Oh, we're

12:11

all gonna be standing on each other's shoulders, you know what I mean.

12:15

I mean everybody's like, oh terrible. And now it turns out we're depopulating.

12:22

Seriously, China is losing you know it soon they'll be pretty soon,

12:26

it'll be millions, millions a year. They're not gonna they stop growing.

12:31

They were predicting to stop growing, like in ten years or something like this.

12:35

No, they stopped growing years ago, and they're shrinking. What does

12:39

that mean? Think about that? Think about that. You know, if

12:43

you're China, why do you think Putin's going after the Ukraine? Now?

12:48

Why do you think he's doing it? All? Right? You know, you know they've lost like half a million people, they've lost more. Get

12:54

this, they have lost more people in fighting in the Ukraine. Then we

13:01

lost America lost in World War two? Isn't that unbelievable? Because I always

13:05

think, I always think, well, you know how many people we lose

13:09

in World War Two? It's like three hundred and fifty thousand. That's a

13:11

lot of people plus wounded and all the rest of us, all the rest

13:13

of us. Right, Well, it's somewhere around four hundred and fifty thousand,

13:18

half a million. I don't know something like that that they've already lost,

13:22

right, and now would why would they do this? Why would they

13:26

do it now? Well? The answer is they can't do it in ten

13:30

years because they'll all be too old. Right, they're emptory, they're empty

13:33

in the prisons, right, throwing people into the meat grinder. Right,

13:39

they may get away with it. How about that. You've got Italy.

13:41

Italy is another country can't reproduce, right, What are they doing now?

13:46

They're saying, oh, my goodness, we might get taken over by Russians. The French are taking it seriously. You see what the Swedes did?

13:52

They joined they joined NATO, so did Finland. Why do you think they

13:56

did these things? Oh? Because it's all red scare, right, because

14:03

it's not true it was always true. Not great. Finding out all the

14:09

all the stuff that all the good people that Dan rather told you wasn't true

14:13

is absolutely true. Right. It's like and all the stuff that he warned

14:16

you about was was bogus and made up? Think about that, Think about

14:22

that. Didn't we grow up worrying about the population bomb? Right? Wasn't

14:26

that the big wasn't that the big thing? And now we don't have enough

14:30

people? And so the Communists are now coming after us while they still have

14:33

enough living people. You know, it takes to take the stuff, right,

14:39

there's speculation. I wish I had thought of this, which I didn't.

14:43

I'm just repeating stuff. I'm repeating stuff I heard, you know.

14:46

And no I don't belong to any of those goofy you know fortune. I

14:52

don't even know how to find that, but I suppose I could if you

14:54

googled it, I guess you'd find it anyway. The point is the point

14:58

is that demographics are all against Russia, all against China, right, so

15:05

if they're going to do something crazy, they better do it now because they

15:09

won't have the people to do it later. And now it's the Russian governments

15:15

have apparently my study of Russian history, which is limited the last couple hundred

15:18

years. I mean, what the Czars would do unbelievable, unbelievable. I

15:24

mean, there was every reason in the world for there to be a revolution

15:28

in the teens. It's just too bad that it was Stalin, Lenin and

15:33

Marx who did it. Anyway, point is, they've never worried about killing

15:41

masses of their own folks in order to beat up on somebody else, because

15:45

they're not really citizens. They're more like subjects. Okay, that's the deal.

15:48

Over here, you're a citizen. See. Imagine Imagine that the United

15:54

States of America decided to take over Mexico. Is just imagine this, right,

16:00

and they had lost and the numbers are like foreigner it's like half a

16:04

million. Maybe that includes wounded, I don't know, but imagine that there

16:10

was half a million dead or severely wounded. Imagine that we were taking the

16:15

people in the prisons, giving them guns at the last minute and saying,

16:19

go kill those Mexican guys over there. Go do that. Oh and by

16:23

the way, the tanks you're riding there are going to blow up, and

16:26

you know all the rest of this stuff. Oh and by the way.

16:29

When you get back, though, you can bully the crap out of your small town that you came from, because now you got led. You were

16:34

the bad guy who finally made it to prison, and now your hero,

16:40

you can do whatever you want. Apparently that's a big promo there as well. He's returning the guys who did survive. See think about this. Think

16:47

about this. If you take your prison population and you put them through a

16:52

war, right, who survives that? Didn't you just get rid of all

16:59

the penny any criminals? Didn't you get rid of all the two bit schemers.

17:03

Who's left? Who's left? Who survived? Natural selection, survival of

17:08

the fitness, whatever you want to call it. Okay, there's evolution at

17:11

work, don't you don't you don't you have the biggest, baddest, meanest

17:17

criminals left? And then you say, oh yeah, by the way,

17:22

now you're a hero. Go home, And what do you suppose happens there?

17:26

Right? Apparently? Murder, rape, robbery, all kinds of terrible

17:32

stuff. But why are they still doing it? They're still doing it because

17:34

they got to do it. Now they won't have the people, right,

17:38

they won't have they they're gonna die I guess they're freaking well, they're gonna

17:41

die anyway. You know, this is a good way for them to do

17:44

it. Mum m, here we are, okay? And and who's enjoy

17:51

who's running our show? Who's running our show? You know, there's my

17:56

ice cream comb? Are you kidding me? Are you joking there? Oh?

18:00

Oh yeah? And don't forget little Susie wants you to float the bill

18:06

to go to Harvard. What are you gonna say? No freaking way.

18:11

I mean, think about that, think, think look at look at Why

18:17

is it at Columbia, Harvard, Penn? Why is it at the Why

18:19

is it at the ivy leagues? Right? And you think you think those

18:23

brand new tents came out of nowhere? Right? Somebody bought those tenths.

18:29

Somebody stacked up the food. Somebody is putting a big bill for all that.

18:33

Did you see the aerial shots of some of those encampments. There are

18:37

rows of Portagohn's, there's rows of supplies. All right, Somebody is somebody

18:45

is dumping a hell of a lot of money into that. I mean,

18:51

unless unless they just give that stuff away for free at Harvard, unless the

18:55

Harvard Do you think Harvard university. You think Harvard University provided all those tents

19:00

and stuff. Well, you know, it's not really beyond the realm,

19:04

right, So what can we do? We're faced with we're faced with regimes.

19:11

You know that we've been lied to. Oh it's a population thing.

19:15

No it ain't. Well, what's the big thing they're telling us? Now?

19:18

Right, here's a test for you. Why would you believe him anymore

19:22

about whatever? What's the big global disaster that's motivating all the young people.

19:27

Right when I was a kid, it was the environment and population. I

19:30

would join the ecology club. I was a crusader to recycle. I was.

19:37

I was impressive on the eighth grade. What do you want? Mark

19:40

Logally, a good friend of mine. I'm like, yeah, you know,

19:44

oh, we got to save the planet. And he goes, Dave, what are you talking about? I'm like, save the planet? You

19:49

know, ecology. He's like, nah, I just thought all the girls

19:52

joined. Now that's a guy who had his priorities. Stream I think he's

19:57

a I think he's a hedge fund manager now in New York. But anyway,

20:00

he did, he had his priority. He knew what he was about.

20:04

So back in the day, think about the think about the things that

20:07

were gonna kill us all that didn't kill us all like population all right,

20:12

like ecology, like pollution. Didn't we solve all these problems? You know

20:17

we did? So what's the big problem? Now? What are we all

20:21

getting? All? Oh? My goodness, you know we're on the eve

20:23

of destruction? Right? Who believes? Who believes that? Not? You?

20:30

I hope even listening to the David Carrier Show on David Carrier your Family's

20:34

Personal Attorney. Oh my not wake up. David's got the how too you're

20:56

looking for? Just call seven seven four twenty four. This is the David

21:00

Carrier Show. You know how sometimes people Oh, welcome back to the David

21:07

Carrier Show. I'm David Carrier, your family's personal attorney. This is the

21:11

place where you find out about tarless wills, estate planning, elder law,

21:15

real estate and business law. If you have a question, comment, or

21:18

concern about any of that stuff or anything else you'd like to talk about,

21:21

that would be just fine. Give us a call away. I don't just six one six seven seven four twenty four twenty four. That's six one six

21:29

seven seven four twenty four twenty four will get your question, comment, or

21:33

concern on the air. You know how there you know how there are some

21:37

people that had one moment of glory and they dine out on it for the

21:40

rest of their life, you know, usually in high school. I had a moment of glory like that. I met a REITHA Franklin early in the

21:45

morning at a Kroger and I can't really say it matter. I mean,

21:49

she was the lady in front of me at the at the checkout, and

21:53

you know, she just said Hi, good morning. You know something.

21:56

I don't even remember exactly what it was. I just remember it was,

22:00

you know, it was just one of those early more you know, you

22:02

say hi to people what not, and the cashiers like, you know who

22:06

that was, Like, No, that was a Rutha Franklin. I was

22:10

over in h in Farmington. You know, everyone's all, oh, she lived in Detroit, Well maybe she did, and then just drove to Farmington

22:15

for groceries early in the morning. That's what the cashier said. She showed

22:18

up. She's pretty regular early, you know, before eight o'clock. You

22:25

know, that's that's kind of when you see her. Anyway, that's my

22:27

that's my claim to fame. Where it is right there. I'm putting it

22:30

out there and I'll stand by it anyway. Six one, six seven,

22:36

seven, twenty four, twenty four is the number to call. See here's

22:40

how crazy the world is. You used to think that people at Harvard were

22:42

pretty smart. Well maybe you didn't, maybe you weren't as dumb as me.

22:48

But you know you used to think, hey, you know Ivy League.

22:51

Oh that's a that's a good thing. Now here's a question for you.

22:53

What would you rather have when when Brand's son Johnny shows up? Right?

22:59

Uh, it said your birthday party? Is your birthday party? Right?

23:03

And obviously Johnny's been hanging around there for a while, and he's a

23:07

little uncomfortable, but he wants to talk to you. You know, he's

23:10

waiting for other people, other people to leave. You know, when you're

23:14

thinking, oh, man, here it comes. You know, she he's

23:17

gonna he missed a payment on the single while he's living in or you know,

23:19

oh, he wants some college tuition or something like this. You know,

23:25

and then when it's all said and done, little Johnny sidles over to you and says, you know, Grandma, you know Grandpa. You know,

23:32

since I was in high school, I was doing that that trades program,

23:36

you know, for I don't know, electrician or welding or automatic transmission

23:41

repair or something like that. You know, I started that in high school,

23:45

you know, and that's been a few years. That's been a few

23:48

years now, and I didn't want to brag in front of everybody else, you know, and you're thinking, what what is going on here? And

23:55

but you know, I just opened my new shop, or I just put

23:57

on another truck, or I just did him didn't And he didn't want to

24:03

brag in front of everybody else, all the poor sap cousins there who went

24:08

to Harvard and Yale and pen and Colombia. I tell you what. I

24:15

toured Columbia with my kids, you know, twenty years ago, and even

24:19

then, the stink of the place was just unbelievable. I mean it was

24:23

like, you know, we all came away. Now, I don't know

24:27

where you want to go to college, but this ain't it. It was

24:32

one of those It was already so affected. So so you know, as

24:37

my wife says, nose to the sky, you know, back then,

24:41

uh, and it's just obviously got worse. And you know, the way

24:45

they and what is it with you know, what is it with these administrators?

24:48

Is there any administrator in Ivy League school? There must be some,

24:52

right who aren't plagiarists who didn't just lift whole copies? Seeing, how do

24:57

you get through with that? That that system has got to be so corrupt?

25:03

Right? I don't know this personally. I'm just looking at the news.

25:07

If the president at Harvard lifted her stuff, if the you know,

25:11

DEI didn't earn, didn't earn it, officer of X number of these players

25:17

didn't earn, it was just plagiarizing. Now see see, so here's what

25:22

So here's you can go two ways on this. Right. You can say,

25:25

on the one hand, well, you know these were the bad apples, you know, because at Harvard, obviously they don't screen for people,

25:33

right, I mean, so there's just a few of these people because because

25:38

Harvard, uh, they don't look at you, right, they don't screen

25:44

yet because hardly anybody wants to go to Harvard, because nobody wants to go

25:48

to Harvard. They just take whoever they can get. And if you find

25:51

somebody, it doesn't matter that they're plagiarists or whatever, uh, you know,

25:56

or their material looks exactly like it was xerox out of somebody else's Oh,

26:00

because you want to say plagiarism, I guess you don't want to say

26:02

that anyway, you know, alleged to plagiarism because at Harvard and Penn and

26:07

the IVY leagues, you know, they can't they got to take whoever they

26:11

can get fined. So all these other places that are bloated Stanford's another one,

26:17

and all these places of usc Hello, all these places that are bloated

26:22

to the point where the you know, the and I was listening to somebody

26:27

else say this, so again, not original material. I wish I was

26:32

the smart But the point is that the professors gave up the university to the

26:37

administrator. All right, there's more administrators now at most colleges than there are

26:41

professors. Think about it. Think about that, Oh our faculty staff ratio,

26:47

right, well, figure knock half of them out because they're administrating whatever

26:52

the hell it is they're administrating. Okay, all the government money that comes

26:56

in, no wonder, it's so expensive, right, but you know there's

27:00

such a demand for these people, right that Harvard can't get any good ones.

27:06

They got all the plagiarists. Okay, Well, thank goodness that all

27:10

the next level schools have all the good ones. They must have all the

27:14

good ones because the bad ones went to Harvard and cleared the field. Right,

27:18

I guess that's how it works. So you can go that way.

27:22

You can say, okay, well it's just a few bad apples, and

27:25

they just happened to be at the most highly competitive universities, and everybody else

27:30

is perfectly it's perfectly clean. Right, It's like the idea. It's sort

27:34

of like the idea that and I'm speaking to someone who got hacked, right,

27:38

they got into my email. You have not been through purgatory until you

27:45

go through that routine and things keep popping up, and anyway, it's a

27:48

pain, right, And Microsoft apparently has problems with this, and I do

27:53

the super anti spyware stuff and on and on and on, but you still

27:59

get the got issues. Right, Well, where's the one place in America

28:04

where we don't have any issues with software? No issues at all? Perfect?

28:11

Perfect? Where is that? Where is that? All? Right?

28:17

Who gets it perfect? All the time? I get being told, you

28:21

know, you know, if Microsoft was smart, they'd go to whoever it is that makes these election machines. Because there's never ever any thing. It's

28:27

pristine, it's perfect. Right. And if you say anything else, which

28:32

I never would never say anything else that other than it's absolutely totally perfect,

28:38

right, well, then you're you're a terrible person. You're a denier.

28:42

Oh I would not want to be a den I okay, not me,

28:47

no, sir, so my, But it is puzzling to me. Why

28:49

is it that all the very best cybersecurity people in the world, right,

28:56

they're all in one place. You know, they got to be in one

28:59

place because everyone else is getting hacked, Microsoft getting hacked, CIA getting hacked,

29:03

n SA getting hacked, I r S getting hacked, everybody getting hacked,

29:07

right except who? Except who? What is the one place in America

29:11

where all the records in the world, where all the records are perfect,

29:15

where there's never any hacking And to even suggest even to suggest that there was

29:19

any evidence, at which I never would do because you can't do that is

29:25

with the election machine. That's the only place that is the only place where

29:27

everything's perfect. Thank goodness for that. Right, except for all the examples

29:32

that they come up with, But those are like the president of Harvard and Yale and all the rest of over whoever these people are, these administrators right,

29:38

And you know it's like, hey, yeah, yeah, yeah,

29:41

I may be a plagiarist, but I'm the only one really Is that how

29:51

the world works in your experience mind? Neither. So I'll tell you what.

29:55

If your grandkid wants to go to wants to go to Harvard or them,

30:00

you know, enroll them in a Enroll them in a welding course.

30:03

Welders. There's no welders left. You know, you need welders to make

30:08

stuff, So enroll them in a welding course. It'll it'll pay off in

30:11

spades, and it won't cost you any money. You can be proud of

30:15

them. You can actually brag on your grandkids again. You know, what

30:18

do you think when somebody says, oh, my grandson's going to Harvard,

30:21

what do you think? Oh? You poor to her. You've been listening

30:23

to the David Carrier Show. On David Carrier, your family's personal attorney.

30:32

You mony we got we can't quit. David's working and working and taking your

30:52

calls. Now, this is a David Carrier Show. Welcome back to the

30:57

David Carrier Show, the show where the bumper music is almost always better than

31:03

the show itself hard to admit, easy, all too easy to observe.

31:10

Right, So give us a call. Why don't you mean you can make it better? All right? You're not a quitter, you're not quitters.

31:17

You can make the show better? How easy? Give us a call six

31:21

one, six, seven, seven four twenty four, twenty four. That would make the show a lot better. But I'm counting on you, can

31:30

I tell you, just count on you. Hey, Memorial Days coming up?

31:33

Isn't that we got noticed at the boy Scout meeting. Oh yeah,

31:37

you got to put the flags on the graves and the do the cleanup and

31:41

all the rest of that good stuff. So yeah, summer is on the

31:45

way once again. That's good. But now the as I was, as

31:51

I was saying before, the I R s NOW has extended if you if

31:55

you received an inherited IRA and inherited IRA under the Cure Act. The law

32:00

itself, as I read it doesn't require required minimum distributions during the ten year

32:07

period, but the regulations say they do, so you have to take the

32:13

R and D s and they just that's what I love. They just suspended

32:17

it again. They said, yeah, not this year. You know what

32:22

I mean. It's it's impressive when an agency does something so dumb that that

32:29

they can't just admit it right off the bat. They can't say, hey,

32:31

we're going to go back to Congress and get this straightened out, because

32:36

you know, nobody else sees this. We think it's we think this is

32:38

what they meant, but nobody else can find it right. And so rather

32:45

than dragon the pain, we're gonna just we'll be done with it. How

32:51

about that? Why don't they do that? I don't know, But anyway,

32:57

we got one more year of them frogging around trying to figure out with

33:00

the lasses. You know, there it is. Hey, we got Sue

33:05

on the line. Hello, Sue, Welcome to the David Carrier Show.

33:08

Hi, thank you for taking my call. Oh happy to so. In

33:15

March, the snowfall contractor that we had hired to plow made driveway hit the

33:21

garage door in damaged it. He filed the He filed the complaint of claim

33:28

with his insurance company. The insurance company called him yesterday and said they would

33:32

not pay for replacement. They would only pay difference. UH, with less

33:46

less whatever the aging of the door is. So and she explained to me

33:53

that the law was written that they really require to play pay that amount and

33:59

not three placement costs, and that we could not sue for the difference.

34:02

And I was wondering, why is the law written like that? Well,

34:07

most insurance see here's here's the idea. They don't want you to. Oh

34:13

you gotta beat up nasty door, and now we're going to put on a

34:15

super duper door. Right, That's how most insurance goes. It's very it's

34:20

very disconcerting. Let's say when you have a fire, or now you can

34:27

you can ensure when you do you own your home. Well, it's my

34:30

dad's home. He's deceased. Its in this state. So but yes,

34:36

we do own it. The trust owns it. Whose insurance are we claiming

34:42

on? Well, this was so because we only have vacant home insurance.

34:50

The snow claw driver said he was going to file a claim with his insurance

34:54

company, but after hearing this from his insurance company, I did contact our

35:00

insurance company, but I haven't heard back from them yet. Okay, so

35:06

what an insurance company will do generally, unless you get replacement cost insurance,

35:13

all right, and it costs more, but if you need it, then you really need it. But most people don't get that. Most people get

35:20

the typical homeowners or fire protection whatever, and they don't it's not replacement.

35:27

What you get is the liability. You know, you get the insurance for

35:32

the value of the used item. Okay, it's like, well, you

35:37

know that door was forty years old and instead of being worth a hundred bucks,

35:42

it was only worth sixty percent of the value of the new home because

35:46

we appreciated the value of it. Blah blah, here's your sixty bucks.

35:51

You know, Like, what the hell I'm supposed to do with the sixty bucks. I can't get it fixed for sixty bucks. And they're like,

35:54

yeah, yeah, but you know it was only you've gotten all that use

35:58

out of it already. Expect us to give you a new one, can

36:01

you expect to No, you can't expect us to give you a new one,

36:05

and we can't fix this one. So this is what a twenty year

36:08

old door is worth sixty percent of the new value. That's how they That's

36:13

what that's the thought process that's going on. Okay. So when you have

36:16

insurance, homeowners insurance, what have you, you have to decide whether you're

36:22

going to go for replacement cost insurance or the depreciated and its its big difference.

36:30

And the whole idea behind getting the insurance was you wouldn't have to worry

36:34

about this kind of thing. Now I'm thinking that your snowplow guy, thanks

36:43

to his negligence, is on the hook for fixing this thing. Well,

36:46

I don't care if it's very new, I don't care if whatever, go

36:51

fix it. Don't don't bother me with the insurance coming, I'll participate.

36:57

Right. So, now you've got to pay forty percent of the cost of

37:00

the new door because you didn't get replacement value. So you go around trashing

37:05

people's houses. Okay, Or it was a mistake, or was your nephew

37:08

or you know, there's a million reasons for this sort of thing to happen.

37:13

I'm sympathetic. Yeah, that was a bad storm, et cetera,

37:15

cetera. But uh, that's why you're doing the snowplowd thing, right,

37:19

because when there's bad storms, I don't have to do it right. It's

37:22

not the idea. So yeah, okay, I get it. You know

37:24

you've got a tough life, but that doesn't mean that you can smash in

37:29

my dad's garage door. So either get the damn thing fixed or replace it.

37:35

But I'm not interested in anything else. That's going to be your attitude.

37:37

The fact that the insurance company won't reimburse him because he didn't get replacement

37:42

cost value insurance. That's on him. That's on the I would say him,

37:45

But that's on the snow Cloud driver. That makes sense. Yeah,

37:50

so his insurance company told me we we were Michigan law did not allow us

37:54

to even to the snow Cloud driver for the difference. So that's not true,

38:02

you know. So he's so here's what I'm going to do over the

38:05

break. I'm gonna find out if that's true. I don't know that off

38:09

the top of my head. I don't I don't know whether they're liable or

38:14

it can be held liable for the replacement cost or for a new one.

38:19

I would think that at a minimum, they'd have to repair it, you

38:22

know what I mean? So that you, yeah, okay, it's a

38:24

twenty year old door. It's still a twenty year old door, but now

38:27

it's repaired. Right, you may not be able to sue for a brand

38:30

new door because you didn't lose a brand new door, which your loss was

38:34

a twenty year old door. Okay, fine, so fix it. Yes,

38:38

I'm not looking for a new one. Yeah, the twenty years Well,

38:43

we had two people come out and did it, and they said it

38:45

was not repairable, it had to be replaced, that it would cost more

38:50

to repair it than to replace it. So anyway, well then I guess

38:55

it's cheaper routine is to replace it instead of repair it. Actually, so

39:00

then why would we not be able to be reimbursed for the cost for the

39:04

replacement. I think the way it works and I'll check it. I mean,

39:08

consumer protection is not really my thing, but but insurance isn't. Or

39:16

you know, somebody damages your stuff, Well that's not a that's not a

39:21

oh you know, let's make a deal. You get the brand new car,

39:24

and it's not like that. Instead, what you get is a replacement

39:28

for what you had. Now, if it costs more to fix it,

39:31

then replace it. I will. I will generously give you snowplow driver the

39:39

ability to replace it instead of repair it. But you know, there's a

39:44

lot of sentimental value in that in that chrucer store. I want to replace

39:49

it, I want it repair it, you know, but uh, you

39:57

know, I mean, let him pick lowest cost alternative. But but that's

40:01

not that's not your problem. They coulda replace the they could have repaired the

40:06

damn thing. I'll tell you what so, I'll find out over the break, and i'll tell you at the top of the next hour. Fair enough,

40:13

Okay, thank you, you betcha, thank you. Thanks for calling.

40:16

You've been listening to the David Carrier Show. I'm David Carrier, your

40:21

family's personal attorney.