Archive.fm

The Ramsey Show Highlights

My In-laws are Trying to Leave Us a Timeshare

💵 Start your free budget today. Download the EveryDollar app! Did you miss the latest Ramsey Show episode? Don’t worry—we’ve got you covered! Get all the highlights you missed plus some of the best moments from the show. Watch entertaining calls, Dave Rants, guest interviews, and more!

Next Steps 📞 Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET or click here!

Listen to more from Ramsey Network 🎙️ The Ramsey Show   🧠 The Dr. John Delony Show 🍸 Smart Money Happy Hour 💡 The Rachel Cruze Show 💰 George Kamel 💼 The Ken Coleman Show 📈 EntreLeadership

Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Duration:
6m
Broadcast on:
26 Jul 2024
Audio Format:
mp3

💵 Start your free budget today. Download the EveryDollar app!

Did you miss the latest Ramsey Show episode? Don’t worry—we’ve got you covered! Get all the highlights you missed plus some of the best moments from the show. Watch entertaining calls, Dave Rants, guest interviews, and more!


Next Steps

📞 Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET or click here!


Listen to more from Ramsey Network

🎙️ The Ramsey Show  

🧠 The Dr. John Delony Show

🍸 Smart Money Happy Hour

💡 The Rachel Cruze Show

💰 George Kamel

💼 The Ken Coleman Show

📈 EntreLeadership


Learn more about your ad choices. https://www.megaphone.fm/adchoices

Ramsey Solutions Privacy Policy

[MUSIC PLAYING] Brought to you by the Every Dollar App. Start budgeting for free today. My wife and I are followers of the baby steps. We're on 4, 5, and 6. We have about 65,000 left on our mortgage. And wait a go. Be completely debt free. So that being said, my in-laws, her parents are not-- they don't see eye to eye with that. They kind of do their own thing. I don't agree with anything financially that they do pretty much, but that's them. That being said, they were-- they redid their will and they're kind of updating it and kind of going over it with us. They want to leave us a time share and two rental properties. And we don't want any of it. My wife and I have-- we don't want to be landlords, ever be landlords. That's not something we want to do. And it's her parents, right? It's her parents, yeah. Now, the problem really comes in where I'm a little bit more vocal than my wife. So now I look like I'm not appreciative or-- You've already said all this, right? Oh, yeah. Yeah. It hasn't gone very well. I mean, I try to say that it's basically-- I think this is especially the rental-- not too much time share the rental stuff. I think they do it as a legacy, I guess. But it's not something that even if someone were to give us a million dollars right now, my wife and I would not buy a rental property. It's just not something-- That's fine. Yeah, that's cool. Want to get into. Well, this is all-- He kind of-- Yeah, I mean-- Go around it but be direct. Well, I think you've already been direct. Yeah. And you know, you're accused of being the ungrateful son-in-law-- Right. --who's spoiling the whole family, messing up the whole thing. It was all going good, but you came along. Have they ever liked you, Pym? Has this always been a tumultuous relationship? No. No, honestly, it's been good. But like I said, we've never kind of-- they just-- like I said, they don't do-- OK, so you said to them, I don't want this. And now that hurt their feelings. That's where we sit today, correct? Yeah, pretty much. OK, so what would you think the-- I don't know what to do to solve that other than it's been said, because you don't need to say it again, right? Right. You told them, we don't want this. And then they got their little feelings hurt. Yeah, so I mean, I don't know if we just wipe the bullet and whenever that big comes, we could just tell it or-- No, I think your conclusion is correct. The only thing I would have said, if you'd call me before you talked to him about it, would have just been your wife needed to tell him, not you. Gotcha. I mean, she was there. I know, but she didn't carry the weight of it. You carried the weight of it. It hits different when it comes from their own daughter. Yeah. Dad, I love you, and I appreciate you. We do things different. I don't want to be a landlord. I know it means a lot to you to have these rental properties, but dad, I don't want to be a landlord. Thank you. It's very kind of you. And I certainly don't want dad gum timeshare. It's legalized fraud. I don't want anything to do with it. It's the worst industry on the planet. And so I mean, she doesn't say all that. But she could just say, dad, I love you, but no. And you sit there with your mouth shut. That would have been the only thing I would have changed about this scenario, but it's too late. That cat's out of the bag now, right? Right, yeah. No takebacks. Any more discussions need to come from her. OK. If you want to have a follow up and make sure it's that the will has changed or whatever it needs to come from her. Otherwise, if they die and you're still in the will with this stuff, you just put the rental properties on the market and sell them. And you never take the timeshare into your name and just let it go into default. OK, I was going to be in the next question. Because I did some research. And it looks like as long as you don't sign any paper. Never touch anything. Don't even discuss the timeshare. Just pretend like it didn't exist. And it will deteriorate. And it will go its own way. And they can't go after like-- They can't come after me for their timeshare. And they can't come after you for their timeshare. Because neither one of us did this deal. OK. Yeah, you can't force a contract by inheritance. You'd have to be dumb enough to sign it when they put it in front of you. OK. Yeah, if you just say, no, no, you people can have that. Just take that back. Well, we'll sue you. Who are you going to sue? The estate? Yeah, good luck with that. Because they're not going to. The timeshare people are just gross. They'll move on and find another victim. Yeah, they're looking for old people that they can feed off of. And they bust them in from the Walmart parking lot and sell them, pressure them with a free meal or a free hotel room. Oh, yeah. That happened on our honeymoon. First thing, first person you interact with is the timeshare salesman when you get to the resort. And I said, no, thank you. There's nothing you could offer us that would make sitting through three hours of this hell worth it. It's like, yeah, they're just-- It's the scummiest thing. Oh, yeah. Anyway, so dude, your wife has to talk about this. You can never talk about it again to them. You can only encourage her and cause her to have courage, to be clear and kind and grateful. And the answer is no. Any time it comes up, anything you can do like that. But yeah, you can't do. There's those convinced against their will are of the same opinion still. And sons-in-law are not usually in a position of strength to take this on, or daughters-in-law. You've got to take care of your own blood there. It's the best possible probability of this turning out well relationally. Create your free every dollar budget today, the simplest way to budget for your life.