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

0:30

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

0:35

David Carrier. Your family's personal attorney. And you have found a place where

0:39

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

0:44

plus whatever else we feel like talking about in case those things get boring,

0:48

which how could they ever get boring? I mean, how could it

0:50

ever get boring to talk about wills, trusts and probate? Huh? How

0:53

could that ever get to be less than scintillating and fascinating. How about making

1:00

sure that your stuff lasts as long as you do? I mean, you

1:03

work forty years for it. Does anybody work like forty years anymore? Twenty

1:07

and out? Does that ever happen anymore? I don't think it does.

1:11

I don't think it does. I don't know anybody. I mean military course twenty years and out, Actually it's twenty years, and we'll give you an

1:17

enormous bonus to stay in. Did you hear this? I I was just talking to a fellow who had three of his brothers were booted from the military

1:26

because of the vaccine. You know, they wouldn't take the vaccine, which

1:30

now is turning out to be all a bunch of you know, you reach

1:34

your own characterization of it. It's terrible, terrible. You know, it's

1:42

a weird world you win live in when the conspiracy theorists, conspiracy theorists keep

1:49

turning out to be right. The heck not supposed to work that way.

1:53

What's supposed to happen is we have this pandemic. Everybody's like, oh,

1:57

try this, try that, try the other thing, and then and then

2:00

when it's all said and done right, when it's all over, then you

2:04

kind of calm down. You look around and you say, oh, well,

2:07

yeah, I guess we didn't have a lot of evidence for that, but we were right. We were basically right. You know, that made

2:12

a lot of sense. That was a good idea, huh, except for

2:16

now we're finding out It's like, you know, the people who were derided

2:22

as the nut jobs were the correct ones. And then the excuse is,

2:28

oh, we didn't know. We didn't know. Okay, fine, Fine,

2:31

maybe I was in the I lived downstairs in the basement, isolated from

2:36

my family for months. Okay, fine, I did it too, you know, yeah, because you thought, hey, well these guys must they

2:43

must have some idea what they're talking about. And now it turns out they

2:47

never did. They never did. They they got the guy Fauci up there,

2:53

oh Roger nah, then and they finally pin him down and was like

2:58

the whole six foot separation, right, six feet of separation. You've seen

3:00

that, right, there's the stickers are still on the floor some places.

3:05

So I forget where, you know, social distancing. It's like, where'd

3:08

you come up with that? Yeah? Well yeah, you know, it

3:14

just kind of just kind of showed up, just kind of showed up.

3:20

What what you know? What I mean? I mean, it was just

3:25

it's like every it's it's like the worst possible thing you could think, turns

3:31

out to be optimistic. It's like what what you know? And and and

3:45

and now it's like, oh yeah, yeah, we led our asses off

3:47

to you about that COVID thing. Okay, and we obviously did things that

3:52

were just arbitrary abuses of of authority, you know, just obviously arbitrary because

4:00

we didn't know and now we're finding and oh and by the way, we

4:03

phonied up our emails. This is what FOUC did. You know? He

4:08

would insert random characters into the emails so you couldn't find him on a on

4:12

a Freedom Information Act request government official. Right. Well, you know once

4:17

somebody gets away with putting a I don't know, like a secretary of state

4:21

or something and does government business off a homebrew server in her bathroom, her

4:29

bathroom, well, if you can get away with that, what that what

4:32

can't you get away with? Well, I'll tell you what you can't get

4:35

away with it. Can't get away with entering into a h with settling on

4:43

a harassment lawsuit with a with a porn star. You can't do that.

4:46

Oh my god, you settled the porn star said that you were you were

4:51

a bad boy, like like, oh, that was new information because nobody

4:58

had any idea. You know, just imagine you do a thought experiment,

5:00

right, just a thought experiment. So you got a rich businessman, let's

5:05

just say a business person person. And let's say this business person was was

5:12

married and had been married before this was not the first time. Yes,

5:17

well for stones and all that. So anyway, this was not the first

5:20

time, and he wanted to make this one last because he's getting a little

5:25

bit long in the tooth, getting a little older there. And besides,

5:29

this one was obviously the pick of the litter. You know, the current

5:32

the current model was was was a model too, right. Anyway, the

5:36

current, the current bride, the current marriage partner. You know, you

5:42

want to stick with that. And so you paid a bunch of money to

5:45

somebody who showed up in the National Inquiry with the story to tell. And

5:48

it wasn't just one, it was a bunch of them. And so okay,

5:51

here we're gonna pay a bunch of money. Well, people do this

5:57

all the time. This is like, this is like routine, you know

6:00

what I mean. I mean, it's not routine. It's not routine that

6:03

porn stars come after you. I mean, no porn stars ever come after

6:09

me. But whenever you do a settlement for a client, you know,

6:15

whenever you have a business dispute and what have you, and sometimes there are

6:18

really ugly allegations about oh, you lied on this, and you did bad

6:23

on that and c you know, part of that is always a confidentiality thing

6:28

and you pay money for that hush money. Oh, hush money. Well,

6:32

that's what it is, you know, it's just it's just look,

6:39

you know, newsflash, news flash from Genesis in the Bible, people lie.

6:48

Did you know that occasionally people bear false witness against their neighbor? You

6:54

know why people lie? Eve? I thought about that. Gee, I

6:58

wonder why people lie? People just tell the truth all the time, you

7:01

know why? You know why kids lie? Children lie? How they learn

7:05

to lie. That's why it's so important to be a good parent, okay,

7:10

and to pay attention and don't let it slide. It seems to be

7:15

the way it is nowadays. The reason people lie is because it works.

7:23

Lying works. If the kid lies to the parent and the parent isn't on

7:29

the ball enough to understand that that's what's going on, the kid will get

7:32

away with whatever the heck it is the kid's trying to get away with.

7:38

Hmmm, that it works. Lying works, okay, Because we're in a

7:44

high trust society, our society, the America. If you ever wonder,

7:48

you know, people are like ooh ooh, America, why are you so

7:53

rich? Why do you have so much stuff? Right? What do you

7:57

why do you think America has so much stuff? Well, you talk and

8:00

some flipping idiots, and I mean idiots, idiots. You know what the

8:05

idiots tell you, Oh, it's because you stole it. Oh you stole

8:09

it from my ancestors. Oh you stole it from whoever was here first.

8:13

Oh you stole it from Mother Earth. Oh yeah, ripped it. Yeah,

8:16

stole it. And it's like what what Why don't you go? Why

8:22

don't you go? I mean, okay, wait a second, now,

8:24

let me let me get this straight. The rich people stole it in America,

8:30

and there's more billionaires in America than anywhere else. Right, you can't

8:33

go to shopping mall without running into a couple of them. That's true,

8:37

though, you know, did you know that it is true? You know, multimillionaires are diamond dozen Anyway, the point is the point is what are

8:45

they doing at the mall? Well, they're at the ball because nowhere else to go, right, They're just like you are. But see, here's

8:50

the thing. You would think that if the multimillionaires and whatever the billionaires got

8:56

their money from stealing it from everybodybody else, that everybody else would be pretty

9:03

poor. Wouldn't they wouldn't they wouldn't all the other people be very very poor,

9:13

like not have a I don't know, cell phone, not have indoor

9:18

plumbing, not have a automobile. Maybe there's something else going on. Huh,

9:24

what do you think? What do you think? I gotta get out

9:26

of here. But but just be just be thinking about that. Okay,

9:28

why are we in the situation we're in. We're in the situation we're in

9:33

because it's easy to lie, right, And in fact, there's so much

9:37

money chasing politically correct what do we want to call it, positions that it's

9:43

almost guaranteed they're gonna lie to you. And this whole COVID thing is just

9:48

proof of that. Why don't you throw several trillion dollars at a problem?

9:52

Right? And if all of a sudden, the answer that gets the money

9:58

isn't the only answer, so that if you have some other answer, you're

10:01

a freak, you're a nut, you're crazy. Right? Doesn't that kind

10:05

of describe what happened during COVID If you didn't go along there, you go

10:11

give me a call. I don't just six one, six, seven,

10:13

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

10:18

four twenty four. I'm David Carrier, your family's personal attorney. This hour

10:50

of the David Carrier Show is pro bono, So call in now at seven

10:56

seven four twenty four twenty four. This is the David Carrier. Shohoh,

11:01

that's right. Six one six seven seven four, twenty four twenty four.

11:05

I don't care if your names Roxanne or whatever. Give us a call.

11:07

Six one six seven seven four twenty four twenty four. I'm David Carrier,

11:13

your family's personal attorney. Now is the time to talk about a state planning

11:16

older law, elder law. I feel a little elderly today, of course

11:22

not. You know, we gotta lie to ourselves too, anyway, real

11:31

estate and business law. There you go. That's what we did. That's what we're dealing with here. And the bigger, the bigger issues. Of

11:37

course. You know the fact that we live in a in a society now

11:41

where it turns out that that all the crazies were right, doesn't that suck?

11:50

You know? You think you think, hey, I put up the

11:52

plexiglass. You know, we stood outside, we stood out the side of

11:58

the nursing homes and you know, waved people papers through the windows and stuff

12:01

like that. People drove up and you know, all the rest of this

12:05

stuff. We thought we were doing the righteous thing, and it turns out we're dancing like freaking puppets at the end of a string of a of a

12:13

of a little power mad rat. Who funded the thing? You know?

12:22

Why? Was? Why? Was certain people? The h And we're not

12:26

going to make names public figure, you know, so it's true. I

12:31

guess it works. But anyway, I mean, I was listening to some

12:33

testimony, this was years ago testimony where where a certain federal bureaucrat, little

12:41

short Italian guy was was saying, Oh, no, it's not we never

12:46

fund the gain of function research. No, no, no, we never

12:50

did that. And I think it was Ted Cruz just nailed him. He's

12:52

like, well, what do you call adding functions to viruses? Oh well,

12:58

that's not gain of function? Oh no, no, no, no.

13:01

It was eating monkey meat in the in the in the marketplace. That's

13:05

or bats or something. And we believed it all. We believed it all,

13:11

and we wrecked the freaking economy, and we condemned a whole generation to

13:16

ignorance. It's it's it's you can eat a laugh and cry about it.

13:20

My friends, that's it. Those we were only two choices. But uh,

13:24

but you know what you should do. Try try this. Try talking

13:26

to somebody who teaches young kids right in that in that cohort, and it's,

13:35

uh, the the void is it's unbelievable. It's unbelievable. The void.

13:45

Now. I was fortunate, I mean I was lucky because my kid

13:48

was a little bit younger who was still in elementary school. And the Saint

13:52

Patrick's out there in Parnell they didn't close down. You know, they had

13:54

they had at the very start, you know they had, they did,

13:58

but but no, they still had, they still had they were masked.

14:03

Oh they were best. You know, idiocy stupid. I mean, everybody

14:09

knew it was stupid. Everybody, everybody with any common sense knew it was

14:11

stupid to put on the masks. You know how big you know how big

14:16

a virus is, and how big of the holes on the mask are.

14:22

I have a doctor client he when it first came out, when it first

14:26

happened, and he was in there, he was in my office with and he's not wearing a mask. I'm like, what the you know, doc,

14:31

what's the what's going on here? And he's like, he goes,

14:35

I'm not wearing that. That's that's he goes. You might as well try

14:37

to stop a mosquito with a barbed wire fence. That was his I thought,

14:41

I thought was a very powerful analogy. Right, But these people lied

14:45

to us and lied to us, and lied to us, and lied to us and lied to us some more, and then they lied some more.

14:50

And why did they lie? Why did they lie? Well, when you're

14:54

borrowing a trillion dollars every ninety days, a trillion dollars ain't what it used

15:00

to be. Okay, it ain't what it used to be. But you

15:03

dangle that much money in front of government bureer and now it turns out what

15:07

it turns out at almost a billion dollars. One hundreds of millions of dollars

15:11

were paid by the pharmaceutical companies to the government employees for royalties on the vaccines.

15:18

Have you been following this at all? It's amazing, It's just amazing.

15:24

Where's the newspapers on this looking the other way? That's where they are

15:28

looking the other way is they're in the they're in the pocket. Too unbelievable,

15:33

But that's where we are these days, that's where we are. And

15:37

then the question becomes, well, well, okay, I guess there's nothing

15:39

I can do, and I disagree with that. I disagree with that one

15:41

hundred percent, because let's go back to why is it that three hundred and

15:46

thirty million Americans are out performing like everybody? All right? Some people say

15:52

it's because the rich people stole it. Okay, that's that's something, all

15:56

right. If they stole it, who do they steal it from? Did

16:00

they steal it from the people with two cars? Did they steal it from

16:02

the people with the satellite phones? Did they steal it from the people who with indoor plumbing and refrigerators and all the things that people didn't used to have,

16:08

all the things that make a poor person. You know what? The

16:12

during the COVID there was during Trump's time, the first time there was a

16:18

yeah, a little optimism right there. The first time anyway, during that

16:22

Trump's first term, they said, I mean, the thing that was out,

16:27

the number that was floating around was if government benefits were worth fifteen dollars

16:33

an hour, if you couldn't make more than fifteen bucks an hour, it

16:36

didn't make sense to take a job, you should take the government benefits because

16:40

that was the equivalent. Are you with me on this? Does that make sense? Okay? So if you're just looking at things from an economic perspective,

16:48

all right, forget about values, forget about all the rest of that.

16:52

If you couldn't make more than fifteen dollars an hour working was a losing

16:57

proposition during the COVID that went nuts, right because of all the hyped up

17:03

unemployment and stuff. But anyway, fifteen bucks, it's twenty bucks now,

17:07

just saw an article on that where it's like twenty bucks an hour. So

17:12

if you can't pay somebody, right forty thousand dollars a year, right,

17:18

and they might as well be on government benefits. That's the way it is.

17:22

So who are these poor people? Were talking about that we stole it

17:26

from What are you talking about? We didn't steal anything from anybody. What

17:30

makes America work is that the idea that you would gin up thirty four felony

17:37

counts out of absolutely whole cloth, Okay, that you would take a victimless

17:42

crime which wasn't a crime, but actually standard business practice for absolutely everybody,

17:48

every human being in America that has a piece of real estate that wants to

17:53

borrow money on it overvalues it. You do it, you know, you

17:59

do it. I do it. Everybody does. Of course you do it

18:03

because you're more optimistic about your piece of property than anybody else. You know.

18:07

The appraisal says it's worth two fifty. Oh I don't think so.

18:10

I think it's worth three fifty or whatever. And for that, oh oh,

18:15

now, we're gonna take half a billion dollars from you, oh,

18:18

which is the largest fine ever and we can't even find an insurance go.

18:22

Oh. And by the way, we're not gonna let you go to any of the big ones. That's against the law now for you too, all

18:27

right, I mean it's it's just the absurdity of it is so manifest.

18:34

And then we're gonna pretend and these are the people, these are the people

18:41

who we're supposed to trust that oh yeah, oh, nothing to see here,

18:45

nothing to see here. Yeah. We cheated you in every way we

18:48

could think of before we cheated you for money. We cheated you for money.

18:53

I mean, that's absolutely crystal clear. When it comes now to the

18:59

whole COVID thing, there's like, follow, don't read the newspaper, go

19:04

to Congress. I mean, Congress has reports on this stuff, right,

19:07

you get it, you can find it. Okay, it's absolutely crystal clear

19:11

that they lied their asses off, there's no question about that. And they

19:15

did it for money. They did it for money. Now here's a question.

19:22

Do you think that they wouldn't do it for political power? Well,

19:27

yeah, you know, they would do it for money. Yeah, I

19:30

can see that. Yeah, money is very tempting. But political power.

19:33

No, no, they would not do it so that they could control the

19:37

money. They wouldn't do it to control the purse springs. Oh no,

19:40

no, no, they would not do it to protect themselves and their friends. They would not do it to burrow deeper under the height of the body

19:47

politic. They would they would never do anything like this. No, no,

19:52

no, maybe for money, okay, yeah, maybe, but for

19:56

political power. Oh no. They are like saints in the marble statuary hall.

20:03

You know what I mean saying? If everything's yeah, don't be so

20:07

ridiculous as to think so, I would counsel you. Don't be so ridiculous

20:10

as to think that just because they cheated you on everything else, that they would cheat you on the elections, Because that would never happen. They would

20:15

never ever do that, And you're not an idiot chump for thinking that they

20:19

wouldn't. You are a righteous, good, thinking, wonderful person for believing

20:25

that they wouldn't cheat you for political power. They'd only do it for money.

20:29

Even listening to the David Carrier Show on David Carrier, your Family's personal

20:34

will turn session best session enough. David's got the how too you're looking for.

21:00

Just call seven seven twenty four twenty four. This is the David Carrier

21:04

Show. Welcome back to the David Carrier Show. I'm David Carrier, your

21:10

family's personal attorney, and you have found a place where we talk about a

21:12

state's planning, elder law, real estate and business law. And all you

21:17

got to do to give me to talk about that stuff really not that hard. Uh, Just give us a call. Sixty one six seven seven four

21:23

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

21:30

four. Is it depressing to live in a world where they're lying to you

21:33

at all times? You know I didn't believe that. As long as I

21:37

didn't, I'm a true believer type, you know what I mean? And

21:41

then it turns out that. You know now that the dust the settles like,

21:45

yeah, yeah, you got me. I was lying about that.

21:48

You know. The newest thing is the transgender thing. Did you see this?

21:52

Four months three months ago, three months ago in Febar, the American

21:55

College or something of Pediatrics came out sixty studies, and what they found was

22:00

the vast majority of children who express some different sexual orientation, if you just

22:07

talk to them, right, you get them, get them some counseling.

22:11

The vast majority say yeah, yeah, I wasn't really the vast majority of

22:15

them, And instead what are they doing. They're they're they're whacking off pieces,

22:21

they're you know, chunks of their bodies. They're giving them these unbelievably

22:26

powerful hormones stuff like that. It's unbelievable and it's happening. Did you ever

22:32

hear this report from the American College or something? I think it was a Pediatric's right, you won't because why because the money's on the other side.

22:40

That's why serious serious? I mean, they just jailed a guy. Apparently

22:47

the Justice Department went after some guy who said at some hospital in Texas,

22:52

I guess right in Texas. They said, oh, we're not doing that.

22:55

Stuff. Oh no, not us. And the doctor's like, yeah,

22:59

you are. And who got in trouble the whistle the whistle blower.

23:03

The whistle blower did what. I didn't think that was how it worked around

23:10

here. I thought, Well, when you found people doing bad things and

23:14

you went to the newspapers, the newspapers would make a big deal of it.

23:17

Remember three Days of the Condor, right that c I a thing with

23:21

Robert Redford. Oh, we just got to get the information to the New

23:25

York Times. We get it to the New York Times. Oh that'll be

23:27

the thing. Now it turns out that the New York Times would be as

23:30

cover up rag. There is unbelievable, unbelievable. But here we are.

23:41

So what are we gonna do about it? Well, the good news is,

23:44

you know, the good news is we're you know, we're a small

23:47

frying right. They probably don't care too too much about us, just as

23:51

long as we go on smiling and pay our taxes and you know, all

23:53

the all the rest of the stuff, and don't you know, so long

23:57

as we don't get too uh, you know, too big for our bridges.

24:00

We don't get too big for our bridges, then you know, they'll

24:03

be happy with us. Okay, So then the thing is, how do

24:07

you be a success in this environment? It's a it's a trust based environment.

24:15

The reason America is as successful as it is to get serious about this.

24:18

The reason it is is because there's so little lying comparatively, a small

24:25

amount of lying that goes on around here. Okay, that's that's why it

24:29

works. If you were wondering, you know, why does America we didn't

24:32

steal it? Now that it's so, it's a mind numbingly stupid to think

24:37

that. But we've got We've got Dave on the line. Good morning,

24:40

Dave, Welcome to the David Carrier Show. Hi, how you doing.

24:45

I'm just perking and working and having a ball. I'll tell you life's too

24:49

good for I got a couple of questions for the first question is that concerning

24:56

social Security. I'm sixty eight years old, I am multi TA. I

25:00

paid virtually nothing against the post security. Can I still collect on my ex

25:06

wife post security? Because I was married over ten years? My second question

25:11

is going to be I have a I have a due fleque in an LLC.

25:15

If I add uh my children to that LLC, will it's on cap

25:23

my property chat. So those are the first two. Yeah, if you're

25:27

honest about it, if it changes the control of the LLC, yeah,

25:33

if it changes the control of the LLC, I mean that, if it

25:36

changes who controls the LLC, then yeah, you're gonna have a that'll be

25:41

a transfer full or partial, and then you'll have you'll have an uncapping there.

25:48

Now, people doing that kind of thing, go ahead. I mean

25:52

that used to be this sort of thing where you didn't used to have to

25:55

tell who was in charge of an LLC or what have you. That's different

26:00

now. That started this year with new LLC's and starting in January of next

26:04

year for old LLC's. All that, all the ownership of every LLC trust

26:12

that arguably trusts, corporations, everything else, small businesses, partnerships, what

26:18

have you. That all has to be reported now to the federal government,

26:21

which you know is the freaking camel's nose under the tent. Excuse me,

26:25

it's the whole freaking camel just rolled over the tent or snuck into whatever you

26:27

want to say. Anyway, it's a it's a huge it's a huge sacrifice

26:33

of privacy. But we seem to you know, the Europeans are doing it.

26:37

I guess we should. It's like, what why are we here instead

26:41

of Europe? You want to be Europe. Go to Europe, enjoy yourself,

26:45

have a wieners, you know, pretzel or whatever. But but you

26:49

know, I mean, this is how bad it is in Europe. You

26:52

know, we've got this thing called the F thirty five. Have ever heard

26:55

of this? The F thirty five? Like it's it's the most amazing aircraft

26:57

ever. It's a it's a fighter jet where it's a flying computer. Okay,

27:03

and everybody loves it. Everybody wants it. It's the most successful export

27:07

America's had since whatever. Anyway, part of the deal is we let the

27:14

countries that buy these things make them. Okay, that's part of the deal.

27:18

Like we'll we'll set up your factories, we'll help you set up the

27:21

factory and you can make the wings of the rudder. I don't know what

27:23

the hell, but you know, we'll co will co build this with you.

27:27

And the Germans said no. The Germans said no, it was too

27:32

hard, the freaking Germans. I mean, I mean, you know,

27:37

you think of the Scots first when it comes to engineering, and that's because

27:41

of the Star Trek and Scotty. I get that. But secondly, you think of Germans being you know, building things, industrialists and all the rest

27:47

of it. German's not interested. Whoops. So I mean that's what it's

27:53

just it's absurd that we should go to that model. Why would we do

27:57

that? But we are going to that. And so you can't just put

28:00

your kids on the LLC like you used to and you know, not tell

28:04

anybody because now you've got to report it every year. There's a government record

28:08

now that you're obligated to provide that will say who actually owns it, So

28:14

now they can check up on you. Right there you go. So you

28:18

don't want to do that, you want to leave it to the kids in trust? Anyway? Go ahead? Sorry, okay, So it would uncap

28:26

my property tat it'd be a transfer. Now here's the thing. Here's the

28:30

thing. You said, your kids, because transfers to relatives is the first

28:34

degree, are not transfers. Now that has been tested directly by deed.

28:41

I mean it's very clear about that. For a while there they said that

28:44

if you transferred it in trust, that was still a transfer, but then

28:48

the legislature rewrote it. So that No, that's not a transfer either.

28:55

I'd have to say, I don't know that. I don't know that there's

29:03

precedent on transferring ownership of an LLS transferring control to the kids. It doesn't

29:08

seem like it would be, because the obvious intent is if the property stays

29:15

in the family, relatives of the first degree. If the property stays in

29:18

the family, then we're not going to uncap it. So I can't believe

29:22

without doing the research, I would be I'm not telling you this because I

29:30

don't know, but I would be surprised if transfer of stock to the kids

29:37

would be a transfer, because every other kind of transfer is exempt. You

29:42

know what I mean, It's not a transfer I would be taking there.

29:48

You know, we would suddenly be just co owners. When I passed away,

29:53

they you know, they're still the owner, and then we might oh,

29:57

cut, I'll stop with that. Stop when people stop with that,

30:02

Okay, giving the stuff to the kids now it makes no sense, right.

30:08

Look, we have very sound, very robust systems for transferring stuff to

30:15

the next generation. And here's the thing, David, this is why it

30:19

absolutely drives me nuts when people do this, because when you transfer property from

30:26

one generation to the next. You don't just outright transfer it, Okay,

30:30

you just don't give them the d You don't just give them the pillowcase.

30:33

Oh cash. What you do is you create a trust for the kid's benefit.

30:38

You put the stuff in the trust, and then you give the keys

30:41

to the kid. When you do that, okay, you take your whole

30:47

life's work is off the table. Now do you see I mean you want

30:52

the kids to have the duplex. I'm guessing right. Oh yeah, I'll

30:56

tell you what. I'll go back to this when we get back from the

31:00

from the break. But this idea that somehow transferring it while you're still alive

31:04

is a good idea, absolutely incorrect, Absolutely incorrect. Okay, we'll be

31:10

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

31:14

your family's personal attorney. David's perking and working and taking your calls. Now

31:37

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

31:42

I'm David Carrier, your family's personal attorney. We've got Dave on the line.

31:48

Dave has a duplex and probably some other stuff as well that he'd like

31:51

to get to his kids right now. The duplex Wisely intelligently Smartly is held

31:56

in a limited liability company. Good on you, Dave, way to go

32:00

on that one. I've got one more trick for you that you might want

32:02

to consider. So so far, so good. That's that's very good.

32:07

And he wants to get into the kids. And the question is, well,

32:09

what if I give shares of the or membership interests because it's an LLC,

32:15

or if I give membership interest to my kids, Well, will that

32:19

be an uncapping? And I don't think it would be, because transfers,

32:22

generally speaking to relatives of the first degree do not uncap taxable to state equalized

32:29

value on your real estate. But then the question becomes, well, why

32:32

the hell would you do that in the first place anyway, And the answer

32:37

is, well, you know, I want to make sure my kids get it, et cetera, cetera. And I just think, I mean,

32:45

look, everybody says that. I mean, I've heard that a million times, okay, and I want to make sure that my kids get my stuff.

32:51

Okay. The stories that you hear of things going disastrously wrong tend to

32:59

be where there has been no or very little intelligent planning. Okay, we

33:07

have a very good system, very good, very robust, very secure.

33:13

You can actually get what you want, okay, of moving stuff from one

33:17

generation to the next. Now, my perspective is that if you ignore the

33:22

fact that you and or your spouse are likely to wind up with gazillion dollars

33:28

of long term care debt, then you are long term care expenses. Then

33:31

that's the problem. It's not getting it to the kids. But we're not

33:36

talking about that right now. Let's talk about getting it to the kids.

33:39

And I think that's where we left it when we went to break it.

33:43

Is that about, right, Dave. I mean we're sympatico here. Yeah,

33:45

yeah, you know, yeah, I want to make sure that that

33:47

gets over there. And one of the strengths of this particular due plaque,

33:54

it's the fact that it was blot so long ago, the tax is so

34:00

on it, the uh yeah, debt free, and so you know,

34:04

that's the strength going forward, that's what you want to do. And I

34:07

you know, and I'm trying to preserve the low tax, zero debt,

34:13

and that's that's the biggest thing that that I'm trying to look at. And

34:16

I got more than one dupleque, but I'm just using that as a simple

34:21

example, I'm with you. Yeah, so so uh so that's that's that's

34:29

a that's the and that's how that's that's the big that's the big question.

34:35

How to do that? The other thing is uh uh is my other question

34:40

was on the Social Security Do I can I still collect a portion because I

34:46

had passive income most of my life on my ex wife who I was married

34:52

to a hair over ten years. Okay, so you broke the tape.

34:59

You made it across a finish line. Yeah, well yeah, you're entitled

35:02

and you should take it immediately. Okay, because you're at sixty eight,

35:06

that's past full retirement age. You're only losing by nine Okay. And so

35:13

that being said, you've answered or started and the two my questions. And

35:19

the other thing is you were talking about COVID and the vaccines earlier and just

35:23

yea. For instance, back in the day, when I used to say,

35:28

paint my duplex, I would go there and make sure if I got

35:32

red paint, I used to check the batch numbers on the paint to make

35:37

sure that it matched perfectly. Otherwise I have to repaint the whole thing twice

35:40

because they don't match. And of course nowadays it's all electronic. But where

35:45

that comes into play with this COVID stuff is we have multiple companies making these

35:51

vaccines and they all had different batch numbers one seven thousand or whatever the number

35:57

was. Everybody had a match number, and so could they use those particular

36:01

batch numbers conspiracy type thing to target different areas that maybe might be green,

36:07

might be red, might be blue. But you know, and so that

36:12

that just raised my point, you know of that. And then the other

36:17

thing that was interesting about all these jabs and vaccines is is you know,

36:22

it was so safe and secure that guess what, you know, you're going

36:25

to sign off because we believe in you. We're going to tell you that

36:29

truth's fifty years from now and you can't assume me. I mean, I

36:32

looked at all that stuff that was totally amazing, and then I looked at

36:36

the batch number, and then you know, it just starts getting complicated when

36:38

you start looking at all the different aspects and you know, and yeah,

36:44

it's just some uh something to think about in the real world, I suppose,

36:50

right, you know, the idea, the idea of different batch numbers

36:52

for different sociological or racial groups, or what have you. That's that's a

36:58

step. That's a step on where I would have taken it. Okay,

37:01

I mean my thing is I think I think I think it was bad enough

37:07

that there were money hungry and greedy and you throw a trillion dollars at anything,

37:12

and all of a sudden, ninety eight percent of people going to agree

37:15

with where the money's coming from, and the only people who oppose it are

37:19

going to look like koops. Now, maybe you're maybe you're right. I

37:24

have no I have no comment on that. Maybe it goes deeper than you

37:29

know. I'm just saying when you step back and you look at it and

37:32

you say, okay, here is a here's more money than you can imagine.

37:37

And all you have to do is agree with us. And if you're

37:39

a doctor and you jab your patience, you make X amount of dollars per

37:44

jab, so that for a regular physician you can get a million dollars.

37:49

A million and a half I think was the I had heard that somewhere.

37:52

You know, if you got all your patients to do it, you got an extra million and a half based on the number of jabs or something like

37:58

this. It's like it's it's expecting way too much people to think that they're

38:02

not going to process that in such a way that this is the good and

38:07

righteous thing to do. And I think that's I think that's a big part

38:10

of what happened. Now let's get back to what we're talking about for you,

38:14

okay, because because here's the thing, you want it to get to

38:19

your kids. I'm all, I'm all on board with that. But you

38:22

should have it in a protection trust. I mean, that's what I do

38:24

all day, right, put them in these protection trusts so that if you

38:29

need long term care what have you, they're not coming after the duplexus because

38:32

they do. I mean, that's what happens. But you put it in

38:36

the trust. Five years later, they don't care that you have it. Great, now you're good to go. You're only sixty eight, you're a

38:40

young man. You control hold life ahead of you. So anyway, I

38:45

mean, don't worry about the five years, right, all right, But now here's the most important thing, most important thing, okay. And you

38:52

know, if you're a gerontologist or Smith and Wesson, you know, then you don't not to worry about long term care, I guess. But anyway,

38:58

when it goes to the kid what you want to do, and nobody

39:01

does this. It frustrates the hell out of me. You want to put

39:06

that stuff in trust for the kids, because a third party trust, a

39:12

dad for the kids trust is unbreakable. A federal government can't break it.

39:16

Okay, your kids could not have paid their federal taxes. They could have

39:21

made thirty four mistakes on a business forum and they wouldn't be able. They

39:25

could put them in jail, but they wouldn't be able to get you know,

39:29

they could over inflate the value of the properties, so they could get

39:32

them for that, but they wouldn't be able to get the assets in these

39:36

trusts. D you see, because you have set it up for them,

39:42

right, and people don't do that, and they should do that, Okay.

39:46

It drives me absolutely nuts that the people aren't doing this and you're already

39:52

going when you're already going through the process, that's the time to do it.

39:55

We do it one hundred percent of the time, every single time.

39:59

We always do it because you never know what's going to happen next. But

40:01

I do know when that music starts that they're going to cut me off very

40:05

quickly. So if you want to hang on, David, ask another question that I'd be fine. I also have a tidbit for you, so stick

40:10

around for the first part. I'm going to answer something that you didn't ask

40:14

when we get back. You've been listening to the David Carrier Show. I'm

40:16

David Carrier, your family's personal attorney.