This Doesn’t Sound Good 

You can’t rent it to the son. We all know the kid is going to eventually stop paying and they won’t throw him out.

I disagree. Don't even rent the house to him. The son needs to carve his own way. There are other ways the father can bridge a relationship back to his son, and the healthy ways do not involve money or gifting possessions.

Even renting this house to the son is a horrible idea. Husband needs to work on his relationship with his son without attempting to buy a relationship with his son.

There's a lot to unpack here. Why was the son not in the picture for so long? Was it a disagreement? Was it his mother moved away and took him? What kind of person has he become? What happens when you give him the house and he decides he doesn't want to live in Utah and sells the house and moves away. So many red flags on this one...

So, Michelle and her husband are seriously planning to give her stepson their rental home which is 60% of their net worth and their only source of retirement income other than Social Security, leaving Michelle and her husband with the equity in their primary home as their only remaining asset. And they're doing it just so that her stepson can live above his means.

The husband is VERY impulsive!!! BE CAREFUL!!!

So many entitled people in this country. Your going to give a 40 year old loser a house, even though he can't afford it. Then he will be coming to you to pay bills. Think people!

Broke 40-year old stepson wants to live in a fancy neighborhood in a free house 🤦. Eventually, he'll demand a free car.

Hard no. Son needs to stand up and be a man for his own family

Nope, he can rent it out and pay you guys, but I wouldn't give him the house, that is NUTS!

Why are people so afraid to tell family members no lol

So he essentially wants to financially abandon his family for his estranged son. Betraying his wife and his daughter. What a great guy.

We didn’t even scratch the surface of this issue. - why were the father and son estranged? - how’d they work things out - why can’t a 40 year old afford to move there? Why can’t he rent? - giving the son a house and pissing off the daughter is crazy. Don’t even let him rent. There’s so much more going on here…

I know a elderly widow who has a house and property, her son, daughter-in-law and their 2 kids lived on her property in a trailer. She had made all of the property over to son a few years ago and he died a few months ago at 50 years old. So of course all the property went to his wife. The mom around 80 has lost everything and it can get worse if the daughter-in-law gets married again.

The wife is the smart one. The husband is an emotional nut. A garden? 🤣🤣

did i hear her say it's in an IRREVOCABLE trust? that means it cannot be changed.

Most rich people stay rich by spending like the poor and investing without stopping then most poor people stay poor by spending like the rich yet not investing like the rich but impressing them

I'm so glad I'm not married

This lady called the wrong show. They need to book a spot with Dr. Phil

Umm.. you need to get to work on a game plan for your retirement. If you give that house to the prodigal son he'll feel entitled the rest of his life and you'll still be broke.

They have no retirement? Whole family is irresponsible with money.

How will social security cover the property taxes on $1.2M in real estate even? I don't get it. They have no retirement. They will be poor living strictly on social security.

Caller's husband has "gentleman farmer syndrome." A CSA is a risky, idealistic lovely idea IF everything goes right. And folks, nothing goes right all the time. He needs to get a new Golden Book to read at bedtime.

I find it kind of suspect that a 40 year old guy would uproot his life to hang out with his dad that he doesn't know that well.

I’m a new dad, I moved from Tampa to Santa Clara a few years ago and I’m thinking of purchasing a single family home there, but with real estate prices currently through the roof, is it still a good idea to buy a home or should I invest in stocks for now and just wait for a housing market correction? Looks like NVDA, TSM and AMD are still strong buys.

John is gonna ask if the Husband is safe

Sell the rental, split proceeds 50/50 between daughter and son. Fair for both kids and son will be able to afford rent near them.

I just got done looking online at homes for sale around Salt Lake. There are PLENTY OF THEM for sale for half of that $750,000 figure.

I'd buy the stepson a Wendy house and tell him he should be grateful. As for giving YOUR money/property to another persons child? NOPE!

Even just renting it to the son could become a nightmare. A friend of my father's had a house (older house, expensive inner city area, house partially renovated), and her son supposedly 'needed' to move in there even though earning very good money. Within just a few years he had undone most of the renovations and made the place unliveable (like ripping out the recent bathroom). I don't even think he paid rent to his mother. She was left with a mess. Loser children can be expensive.

Why in the world would you have 1.2 million in real estate and essentially no other savings???? They need to sell the damn house and actually have a retiremnet

Caller still missed the point. The son is a grown man. Let him figure it out himself how to relocate. Stop care taking and enabling.

Why is a 40 year old trying to move to an area he can’t afford? You’re not entitled to live anywhere you want in the world. You have to live in reality and live where you can afford.

I dont understand this desire to enable kids by just handing them things. And kids just feel entitled. I paid every single penny of my student loans, car loan, mortgage. Singlehandedly. No one ever handed me anything. This son needs to get off his ass and work toward moving if thats what he wants.

Did John ask if she’s safe?

Live on social security 😂😂better be ready to move to a trailer in Ocala Florida and fish for your supper.

This sort of madness seems to be the norm rather than the exception.

Solid advice

No way!!! You never know when you will need that asset in the trust to be sold off and used to take care of yourselves.

I understand why the husband is suddenly very excited and emotional about the opportunity to reconnect with an estranged child, but giving the house is nuts. Surely he can move to a place an hour outside SLC for substantially less money and they can still see each other. Jk, husband is a panicking nut. Now he’s worried about the state of the world and is suddenly hot to get into gardening.

I would be afraid was moving ... real estate pre divorce ..... years ago my ex wanted to move ... I had an inner voice that kept saying this was so unlike his MO we put our home up for sale 3 months later on the day the listing expired I got a call from the RE agent saying we had a full price offer ... I froze ..I asked if I had to sell I was told NO ....I could afford that payment 6 months later we were in divorce court

Lol love Rachel. "The math isnt mathing... as the gen zers say or so I hear"

Another 40 year old child ! It's about high time sonny stood on his own and changed his own diaper.

They need to sell that house and put the profit into an Ira so they have retirement.

Irrevocable trust? It's not easy to change an irrevocable trust. And the daughter likely would have something to say about it since she is currently the sole beneficiary. What a mess!

We only get one side to these calls…

Thats crazy infair and unreasonable. If the son rents it, amd he cannot afford to live there in general he will " rent" it probably stop paying rent and refuse to move. Then good luck trying to get him out. Dont do it at all. Dont

If both homes are in an IRREVOCABLE trust how do you change it?

If I were in that financial drama, I’d probably be the one trying to pay bills with Monopoly money, thinking it’s all the same…

Im 44 and live in Salt Lake City and we have 1 income, 4 kids and own a home just fine here. Dude, grow up and live your own life not what your parents will give you.

Equities arent forever. Sometimes they decrease.

Self sufficiency is not a bad thing. Our lord encourages it actually

This is beyond ridiculous! This son will never appreciate this enormous gift which actually puts the wife and daughter in a very precarious financial position. And there is no way the son looks after his stepmom or stepsister in a benevolent way! He is 40 and sounds like he can’t rub two nickels together to call it a dime. He will sell that home and burn the equity in less than two years.

It’s an irrevocable trust! It’s irrevocable. Don’t they understand that? They don’t own it anymore.

Whenever someone starts an explanation of their position with “with the way things are in the world today”…you KNOW you’re about to hear some nonsense.

Tell me if I’m wrong, but an irrevocable trust can’t be changed? I thought she said in the beginning that everything was in an irrevocable trust left for the daughter.

BOUNDARIES. The son is welcome to come & stay for extended periods of time. And perhaps he can be apart of the will in some way. But no, he’s not going to get a house free & clear or get subsidized rent when you two are still working towards funding retirement.

So the son is 40 years old. That makes dad in his 60's or more. Caller (Michelle) is the step-mother who sounds like she is in her 30's or 40's.... Am I wrong?

If that was her son she would be fine with it. She has to protect the daughters future which is completely understandable. But I expect the father to want to hand over something to his son. Should he have more parameters in place for the son to earn it sure.

If they gave him the house wouldn't there be a very large gift tax to pay?

This family is bad news all around. One housing market downturn/crash from having nothing to retire on. Should just sell the 2nd property and put the money in investments.

Forgot to ask if she was safe

This GROWN MAN is 40. Really, no child should expect anything. Property and money, no matter the amount is a gift. Nothing you plan for. I understand the sentiment by the husband, but his son is likely to lose the house. Atleast make him rent to own so if anything needs to get fixed, he actually will be footing the bill. He needs to understand the true cost of ownership or he'll just lose it to the city or contractors down the road.

Yikes. Planning on SS to fund retirement.

Dad is trying to buy the son. That is not love. Dad, how about just spending time with him, do things together. Hopefully the son has enough integrity to keep his independence and self-reliance and not be bought off.

What is a "season"? Summer, fall, winter, spring?

Doing any type of business or transactions with immediate family is a huge can of worms. It’s easy and hunky dory at the beginning but a nightmare to end, if it comes to it. It’s best for the son to rent elsewhere nearby and his father can see him anytime. Don’t put your hard earned money and just give it away.

Talk about throwing good money at bad money.

What is a “CFA?” She mentioned that a few times.

How do you know that he won’t sell that house?

Which one - father or son - mentioned them moving closer? Has anyone mentioned the son selling his house and giving his dad that $$ and then moving into the free house? Can the son's family afford even the utilities on the new house? Has the father talked with the son about his gardening plans, the son's part in those plans??? This is a nightmare waiting to happen.

This is why you never marry someone with kids.

Nope no way. I would die on this hill. If hubby doesn’t get his head straight that would be it for me. The son is 40 he can support himself. Divorce the husband if you have to to Protect yourself. I’d see an attorney anyhow just to see how to Protect your interests. Hopefully you’re both on the deed so he can’t do anything without your consent. Hubby needs therapy but again see an attorney to be safe.

DO NOT RENT … keep them at arms length!!!!

Let's throw something else into this, what if the son gets divorced. They give him the house, he gets divorced, they have to sell the house or the daughter in law stays but the son is out. There is no way any of this is a good idea.

The math isnt mathing! 😂

What happens when it doesn’t work out and the son decides to sell the house? 🤦🏼‍♀️

I bet the 40 year old is hoping everything works out well. 😂 Nice house as a gift.

If you gift the son the house, his cost basis is zero. Therefore, if he decides to sell, his capital gains are on 100% of the sale price of property. This is a very bad idea.

Gold and silver? Lmao... silver is the worst asset in human history and gold is underperforming real estate, stocks and crypto!!

Hes a 40 year old man if he can't afford to live then he can't afford it. I was expecting the son to be like 20! He can pay to rent out the house if needs to.

Why not give one to each? Why should the daughter get both?

My parents have 2 daughters and one son. My father decided my brother should have everything and daughter has none. He secretly transferred the asset to my brother. My brother became owner of 5 real estate properties. But it was a curse not a gift/. He became a drug addict and all properties needed to be sold one by one/. My father was against it but nothing he can do since he transferred the ownership to my brother/ Such tragedy, and we, the daughters feel so betrayed. Since my father had long promised to give us property one day we grew older.

It must not be her home. It doesn’t make sense why would hubby feels it’s cool to give to his son.

"Prodigal Son" smells money....

“This doesn’t sound good” Is the video about rachel’s screechy voice?

Aside from all the other issues, if they give him a HOUSE will land them with a big, fat tax bill.

discount rent is the only compromise here

That was bad advice for a second, they shouldn't allow him to move in there at all, once he's in there you'll never get him out, he's 40, obviously a bum looking to be kept

It's not OK to give the son a house and not ive one to the daughter. Why not let the son live in the house? He doesn't have to own it, just rent it

This is incredibly ridiculous! This guy's son is 40 years old and needs his dad to give him a home so he can live in SLC? I moved out of SLC because there weren't careers that paid well enough in my field. My wife did the same since Nurses are not paid as well in Utah as in some west coast states. Now I'm making $179k and she makes about $150k. If you can't afford to live there, you shouldn't be living there. It almost seems a little too convenient that his son is suddenly becoming part of their lives as they're aging (I assume this husband is between 60-65 having a son who's 40 years old). I would be wary that the son is coming back into y'all's life because he knows y'all are financially stable and wants a piece of that inheritance. And yeah, what a ridiculous idea this husband has to give away $700k in home equity as well as all the rental income which increases each year, thus providing higher income each year in retirement to try to keep pace with inflation. This husband needs a serious talking to.

The son will get this house, get a home equity loan on it & lose it. Sounds like if he can't afford to live there- he needs to stay where he is at. Dad guilt must be back to want to do this. BAD decision to give his this house!

Goodness…give her a plan to deal with the step son…. Rent it, move in with them, rent somewhere small to test market, offer to babysit their kids, etc

She needs to first make sure what Trust she has...it's REVOCABLE Trust so they can change it when they want to...

He can rent out at market rate. The daughter gets the main house. The son gets the investment property in the will.

Did anyone else just bust out laughing at some of John's reactions to the situation, like I did?

He can rent?

Why do people come on here and read their question from a script?

rent him the $90k house for 6 month lease, see if he succeeds, or similar size asset.

The son might not even want to move.