Howe: Setting the Record Straight on Oliver Martin

hawkeyebob62 said:
Totally agree on feeling loved and cared for. I had the absolutely best parents. My brother and sisters agree. I could not have cared less if I had gotten $1 or $1 million. I'd much rather have had them around longer, even though neither one suffered long-term, health-wise. They suffered enough when my older brother died, they didn't need their own physical suffering.
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Nice to hear a positive parenting story.
 
Fryowa said:
To me, if my son even has a tiny bit of regret or resentment about an inheritance then I haven’t done my job as a parent, which is to be the best teacher and friend I can be, and to show enough love that he 1) feels loved, and 2) learns that love (in whatever form he interprets it) is something he needs to pass on to his own friends/family/kids.

My folks both died at 57 before I turned 30, and they didn’t have shit. When my dad died my brother and I split the $1,400 funeral home bill because my mom couldn’t afford it, and when my mom died there was enough in her checking account to cover the funeral home, a $125 bill to a car dealership she owed for tires, and $10.05 left over which is still in a box on my dresser. Had no other debt. Where I’m going with this is that when they died I was a young guy with nothing to my name and a little son, and I literally never thought about an inheritance or how much money they had. It 100% never crossed my mind even though if they had say $350k it would have set me up for anything I wanted to start out in life including buying a car, house, and paying off student loans. It simply wasn’t even a fleeting thought.

I loved my folks and was both sad about the situation and glad I got the years I did. Even though they weren’t extravagant I was happy and always felt like somebody cared. And that—that’s all my kid needs. He’ll probably get something from my retirement when I croak as well as my house and possessions, but it’s not something I’m conscious about.

My cousin’s mom was loaded and a couple years ago she was in hospice. I overheard this cousin and her husband talking about how to ask how much money her mom had and what they planned to do remodeling their house with it when she died. My life was and is better than my cousin’s even thought they have a $70,000 Suburban. F ‘em.
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I work with farm families and trusts. It gets nutty.

1..spell things out clearly and tell kids in advance.

2. Choose your trustee or executor very carefully. Most people dont.

3. Dont manage from the grave when children are past 30 or even 25.

4. Families csn almost kill over estates. How you set things up without clear direction and prior conversation can destroy their relationship.

5. When setting things up dont bypass the spouse of your child if yhey are long term married. You childs will should be honored. If there is drug addiction etc, different story but if there is likely your child has issues too.

6. Protect your Hawkeye legacy:D
 
HawkGold said:
Wish I had that legacy.
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I wish everyone had it. My former CPA (he retired, of course, well before I ever could) once described his dad as "a bum". Treated his Mom like crap then ran out on her, always drunk/high, always had a $ scheme/scam, showing up uninvited at holidays drunk as hell and saying, "You owe me!" in a loud slur. I almost bawled when he told me about it. I can't even imagine having to explain to your own kids why they aren't allowed to meet "grandpa"...
 
HawkGold said:
I work with farm families and trusts. It gets nutty.

1..spell things out clearly and tell kids in advance.

2. Choose your trustee or executor very carefully. Most people dont.

3. Dont manage from the grave when children are past 30 or even 25.

4. Families csn almost kill over estates. How you set things up without clear direction and prior conversation can destroy their relationship.

5. When setting things up dont bypass the spouse of your child if yhey are long term married. You childs will should be honored. If there is drug addiction etc, different story but if there is likely your child has issues too.

6. Protect your Hawkeye legacy:D
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Way, way ahead of you.

I don't have any family whatsoever to take things over if I go tits up so it's all laid out in my will.

If I die before my retirement everything is managed by my trust and whoever the lawyer designates if he retires. I have $500,000 in life insurance, whatever is in my 401K, my house, and the stuff in it. No debt. Zero. I paid the lawyer (what I think is) a bunch of money to get as creative as I want with the trust.

The house gets auctioned off immediately, no reserve, and the cash goes to my trust. I'm not paying for it to sit on the market and I don't want my kid to have to monkey around with a scumbag real estate agent trying to make money off both sides (sorry all you RE guys out there, you know you're kinda slimy that way). So...the LI, 401, and house proceeds belong to my son and get dished out like this...

If he goes to college it will pay $75,000 only towards tuition after he graduates from a 4 year school, and $30,000 from a two year school. He'll have to get loans to start because I am not fucking paying for anyone to go to school for three years and not graduate.

At age 18 he gets 50% up to $15,000 towards a car, and after graduation from college he gets $150,000 towards a house. I'll never pay all of something, he's going to have skin in the game.

After that it's $10,000 a year until it runs out. Want to buy something big with it? Better save a couple years.

There are stipulations that he has to stay employed and has to have health insurance or it stops. Also has exceptions for medical emergencies which is where the trust got all crazy when setting it up. You guys will tear me apart for this but the medical exceptions strictly pertain to him and any dependent children he may have. I'm sorry, but I did not work my entire life to pay for his spouse's medical problems who I don't even know. I will not have my shit squandered on someone who has some $400,000 bill for whatever the hell health issues and didn't have insurance. Flame away but I won't lose any sleep over it. My kid should be smart enough to make sure whoever he's married to has insurance and $10,000 a year should be enough to save something for the out of pocket max.
 
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Fryowa said:
Way, way ahead of you.

I don't have any family whatsoever to take things over if I go tits up so it's all laid out in my will.

If I die before my retirement everything is managed by my trust and whoever the lawyer designates if he retires. I have $500,000 in life insurance, whatever is in my 401K, my house, and the stuff in it. No debt. Zero. I paid the lawyer (what I think is) a bunch of money to get as creative as I want with the trust.

The house gets auctioned off immediately, no reserve, and the cash goes to my trust. I'm not paying for it to sit on the market and I don't want my kid to have to monkey around with a scumbag real estate agent trying to make money off both sides (sorry all you RE guys out there, you know you're kinda slimy that way). So...the LI, 401, and house proceeds belong to my son and get dished out like this...

If he goes to college it will pay $75,000 only towards tuition after he graduates from a 4 year school, and $30,000 from a two year school. He'll have to get loans to start because I am not fucking paying for anyone to go to school for three years and not graduate.

At age 18 he gets 50% up to $15,000 towards a car, and after graduation from college he gets $150,000 towards a house. I'll never pay all of something, he's going to have skin in the game.

After that it's $10,000 a year until it runs out. Want to buy something big with it? Better save a couple years.

There are stipulations that he has to stay employed and has to have health insurance or it stops. Also has exceptions for medical emergencies which is where the trust got all crazy when setting it up. You guys will tear me apart for this but the medical exceptions strictly pertain to him and any dependent children he may have. I'm sorry, but I did not work my entire life to pay for his spouse's medical problems who I don't even know. I will not have my shit squandered on someone who has some $400,000 bill for whatever the hell health issues and didn't have insurance. Flame away but I won't lose any sleep over it. My kid should be smart enough to make sure whoever he's married to has insurance and $10,000 a year should be enough to save something for the out of pocket max.
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Except maybe too much for house and car....just an opinion, decent plan. I get your feelings sbout marriage. Dont agree on a long term marriage.

Applaud yoh for having a plan? Given your location any chances he s a clown fan?
 
@karras What we’re you saying about people talking about their private lives?

You deleted your post before I could respond. Don’t be so shy, love.
 
HawkGold said:
Nice to hear a positive parenting story.
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It's almost like we've had consecutive generations of leaders who pandered to the lowest common denominator to get elected. Producing a dystopia where shame was completely removed from the adult population.
 
PCHawk said:
Is precieved play time a factor when deciding on a waiver?
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I don't get at all why playing time would come into play at all, when you are wanting to transfer because of a coaching change. I mean the whole point isn't that he would or wouldn't play, it is that he is now having to play in a system and for a coach he didn't choose.
 
Thanks, Rob. We are unfortunately in an era where people assume the negative, instantly develop an opinion without fact, and spout it as quickly as they can type.
 
Looks like he should be eligible to play this year since Iowa transfer Josh Turner won his case to play immediately at FIU. They had another kid that won his case as well.
 
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