Wednesday, September 13, 2017

Bits & Pieces...


I've been looking for a place to land in the PNW and finding that they are just as expensive up there as down here. Maybe a travel trailer on a piece of ground will fit my limited budget. Til I find a place, I have been invited to camp out at MySean's. He has a five bedroom house, with only one of the kids still home.
Granddaughter Miss B, caught her first salmon out of Astoria this last weekend. 


One more family wedding this summer! I get to ride up with my BIL & SIL to that one, in Powell Butte. It should be great fun, as most all the family will be there. 

"Sam's" barn

Amy, MySean's wife, has been texting me that "Sam" has been asking about me, and wanted to know when I will be up there again. Sean calls me and says he has had a little talk with Amy about pushing this, and then said, "Mom! I never saw you even talking to "Sam" at the wedding!"  "Well that's because, I only said about two words to him."  LOL, at least my SILs have backed off for the moment...


The house/estate is keeping me busy:
Government: Dad had a death benefit coming from CalPERS. They have been very slow to respond to the repeated requests by the estate's attorney. Finally they called to tell me, they had decided to pay out to my brother and I as next of kin. They went on to say that unless each of us have a specific IRA to roll it into, we will each be charged a 20% TAX on our share. Neither of us have that specific IRA, so we are looking at estate attorney time, and a 40% TAX on $350. The state government needs fix'n.
The power to Dad's shop has gone out. I trouble shooted it as much as I could, but no luck, have an electrician coming next week to figure it out. 
Getting more things sorted, donated to the local Hope Chest. Have setup the online auction house to sell all the furniture, paintings, collections, china, wheel chair, walker, tools, compressor, etc.  I'm only taking the things that I moved up here with, the small hall tree and rolling tool chest that Dad gave me before he passed away.  My timeline is in a state of flux, if I sell all that stuff before I get moved, I will be camping out on the floor.  Oh well, I have good camping gear so it's not really a problem, just another part of the journey.




26 comments:

  1. When I moved to western MI I decided to move the big stuff in a POD. They had to have a week lead time to get it here by the time I was anticipating being in MI. So my son and a few buddies came over and spent a day lifting and hauling for me with pizzas and some beer as payment. The company came and picked up the POD and off went my stuff. I figured I can rough it in the house camping on the living room floor for a week, no big deal. 24 hours before the closing, it gets moved, by 3 weeks. So I go in to work, and ask the boss if I can stay for 3 weeks longer, he says ok, and tells HR not to delete my computer access quite yet. Two and a half weeks later, the closing gets bumped again. Still camping in the living room. Boss said call me as you're leaving town. Third time was the charm, but boy was I glad I had a good sleeping pad for under my sleeping bag.
    I really do hate moving. But I am happy I made the move. :)

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    1. Suz,
      What a story of perseverance! I'm glad you are happy with the move, in the end that is what matters most.
      I almost took all the sleeping pads to the Hope Chest, and decided a the last minute it might be wise to hang on to at least one.

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  2. Sounds like you're pretty organized. Brig. It will all be over soon. Death taxes of any kind need to be abolished! When do you have to be out of the house?

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    Replies
    1. Adrienne,
      It may sound that way, but the reality is, I'm not. I seem to fly by the seat of my pants most of the time.
      I could be held up on moving out til the first/middle of Nov, so many variables in play that that is the best guesstimate.

      Delete
  3. The 40% tax on $350 seems weird, but I do know how the tax man rolls. Good luck with the move. Taking a breather with Sean only makes sense.

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    1. LL,
      It seemed really strange to me, in fact I laughed when the CalPERS guy told me, and asked if he was kidding. Nope, that's the way the state figures it. Then he had the nerve to whine that so many retirees had passed away in the last 6 months that they had an 18 MONTH backlog.

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  4. You amaze me...You truly roll with the punches and am so happy for you that you do because you could be pulling your hair out with all this stuff. One day at a time...right?

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    1. Changes in the wind,
      I'd like to think I roll with the punches, but I not so sure that's true, as my hair is falling out by the handfuls.
      Right, one day at a time!

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  5. Death taxes should be ended as they are only about social engineering. I hope you get it all worked out.

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    Replies
    1. Rain,
      As should capital gains taxes.
      When the dust settles it will be finished, and it's looking like we may have an early winter...

      Delete
  6. Sorry to hear the 'battle' is continuing... Not fun.

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    1. Old NFO,
      Not fun at all, and I didn't really want to become battle hardened.

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  7. OK ... first things first. Could there be a GFI (Ground Fault Interrupter) in that circuit somewhere. Garages in homes in this state are required to have one for the outlets. I have one in my garage. Yours may have tripped do to all the storms we've been having. The one in my garage also controls the two bathrooms and the deck outlets.

    If that CalPERS is an insurance policy there should be no taxes. If it is savings it should go into the estate and no tax paid under 1 million. If it's an IRA or 401K it should only be taxed at your rate which sounds like very low.

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    Replies
    1. Woodsterman,
      OK...first things first. Before I called the electrician, I test tripped the main breaker to the shop (a separate building from the house&garage), it's good. Tested all the GFIs in the house & garage, all good. There are no GFI in the shop. Tested all the plugs in the shop with the tester, nothings hot. If you think of anything else I can try, please let me know.

      The CalPERS thing is simply a death benefit, with a one time payout. I wasn't expecting much, but the 40% tax is unconscionable.

      Delete
    2. Ok ... First things first, It's fed from the main box at the house, and that wasn't tripped? Is there a breaker in the shop? Is there a switch in the shop as in master like I used to have to keep kids safe?

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    3. It is fed from the main box at the house, and that wasn't tripped. It was in the on position, and I turned it to off, and then back on, no power. No master switch in the shop that I can find. Not sure this is relevant, but a few days after the pest inspector had been under the house, (by where the main electrical box is) I noticed that the sprinklers on the South side of the house, didn't come on. That set are on a timer in the shop, went out there and there was no power to the shop.

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  8. This all makes me want to be sure I have things in order so my kids won't be burdened. We do have a trust and I think it will be easy but you never know. Hope things are going better between you and your brother. Once our parents are gone, our siblings are all we have.

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    Replies
    1. Granny Annie,
      I'm sure you have taken good care to see that all goes smoothly.

      My brother and I have not talked directly in months, his choice. I make sure that he is kept up to speed on everything via the estate attorney, and the realtor.
      I am blessed to have very supportive kids, and BILs and SILs.

      Delete
  9. Congrats to the granddaughter on the salmon, I hear they make good eating.'

    Your experience with the all grasping State of California is similar to mine. They want it all, and will toss you a dime or two, but grudgingly. Eventually, it will all be sorted out with the estate and you can go on with your life, but the demands of the government for your money make one seriously consider the value of keeping your wealth in gold or scrap silver. Sounds crazy at first, but at 40% tax, or more, it isn't really that mad of a plan.

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    1. c w swanson,
      She was pretty excited to catch her first salmon, and spend a day on the water with her dad, my son Sean.

      Not a mad plan at all, though I would question having it in gold or silver. I want some of it working for me, and some of it very fluid, so I can easily access it if needed, that's just me. I don't do banks and have only one credit card that is seldom used.

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  10. So many things to tend to, so many decisions to be made, so many frustrations (read: governmental idiocies) to be endured. The good news are those BILs and SILs -- and that darling grand-daughter with her salmon. As for the camping out -- at least you have a floor, and I'll bet it's a fancy one, with four walls and a ceiling. Rock on!

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    1. shoreacres,
      Yep there is, but I have great family support.

      Though I'm not exactly going to be roughing it,
      it would be fun to put my tent up in my bedroom,
      after all the furniture is gone.

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  11. Brig,
    Have a wonderful time with your family! Relax and rest your mind for a little bit. Good Luck as you continue to work through the challenges you are facing.

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    1. Robin Goddard,
      Thank You!
      Feels like an early fall here, and not every outfit is home from summer ranges yet. Hope they all get down before the snow flies.

      Delete
  12. I think the 20% tax is probably just the required federal tax "withholding" from taxable distribution. You get credit for that on your federal tax return when you report the income -Calpers will issue a 1099. If it is transferred to an IRA the the distribution is not taxed and no tax is withheld or taxed at that time.. If the distribution is only $350 I would just take the distribution and pay the tax. If your federal tax bracket is less than 20% you will get a refund for the difference. I am not familiar with CA income or estate tax laws -so it could be a state tax but based on your description from Calpers sounds like federal tax withholding

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    1. Anonymous,
      As I understand it, (take that for what it's worth) it is a CA state tax on the distribution, and it only applies if you do not have the requisite IRA to roll it into. It is not considered part of the estate by the state. Making it simply another frivolous CA tax/fee scheme.

      Delete