Re: [AFMUG] OT Quandry

2017-11-19 Thread chuck 
Thanks

From: Philip Rankin 
Sent: Sunday, November 19, 2017 12:58 AM
To: af@afmug.com 
Subject: Re: [AFMUG] OT Quandry

Chuck, I can’t answer your real question. Sorry. But I am a car collector and 
depending on the configuration of tha Superbird, it may be worth in excess of 
$250K. Quite possibly over $1M. Please be very careful there. It could be 
possible that you’re worrying about the wrong funding scourge!   




On Sat, Nov 18, 2017 at 6:54 PM  wrote:

  I am sure each state has its own rules.  Thanks for asking.  I send a query 
to my tax lawyer and my estate lawyer. 
  I hope he has not already formally taken possession.   

  From: Steve Jones 
  Sent: Saturday, November 18, 2017 5:48 PM
  To: af@afmug.com 
  Subject: Re: [AFMUG] OT Quandry
  I just got off with my mother, she doesnt remember the specific name. This is 
in illinois so may be different. Its was a pretty big chunk. 
  Mom stressed though to get to an artorney yesterday. The trust had to be 
established before formally taking possesion of the money. It had to go 
directly to the trust.
  Had she just cashed the check into an account while setting things up it 
would have made her ineligible for further aid. This was around 70k, but would 
have made it virtually impossible to get back on the aid. 
  Id say get with an attorney before the shipping is arranged, that may 
constitute taking possession of the award and be too late.

  Hers was not a prize award, it was an aggregat of payments she was supposed 
to be recieving while her pos father was alive, when he died the government 
made retroactive payments. So it may not be the same scenario.

  I can give you offlist name of the law firm here in illinois if you want


  On Nov 18, 2017 6:28 PM,  wrote:

If there is any chance you could come up with the type or name of the trust 
it could be helpful.  

From: Steve Jones 
Sent: Saturday, November 18, 2017 3:59 PM
To: af@afmug.com 
Subject: Re: [AFMUG] OT Quandry

My sister lives in a group home, same scenario, funding fully from 
programs. She had a substantial windfal when her pos dad died. Went through a 
lawyer and got the money into a specific type of trust, its usable as she sees 
fit, but upon her death the government gets any remaining funds. Its a fairly 
common setup, but you really need a lawyer to handle it, there are alot of Is 
and Ts any one of which not being correct can cause ineligibilty for aid  

If he has the option to take cash value on the prize it would probably be 
easier to swing.

On Nov 18, 2017 3:28 PM, "Chuck McCown"  wrote:

  My nephew is mostly bed bound.  Quad due to spinal fracture about 25 
years ago (he is 54 I think).  Has almost 100% hand functionality.  
  I have no idea how many government programs support him.  He can use a 
wheelchair and I bought him a wheelchair van years ago but he really is not 
healthy enough to use it.  

  So, today he won Richard Petty’s Superbird.

  http://www.wintheking.com/rules/

  His sister and her son went back for the drawing.  One of those things 
where you pick and key and everyone gets in the car and tries to start it.  

  No idea how much this thing is worth but plenty.  

  I wonder if my nephew is going to lose his financial support from the 
government due to this win?  
  I am sure he is going to have to pay taxes so I am also sure he will have 
to immediately sell it.  

  Anyone know how welfare works for folks that are 100% disabled and then 
get a windfall?  

  I really don’t want to ask him about this.  Especially today as I am sure 
he is pretty excited.  So not gonna be his debbie downer.
  But having significant IRS issues myself in years past, I immediately 
start worrying about this kind of thing.


-- 

Philip J. Rankin 
Wireless Telecommunications Services
PO Box 24
Pittsburg, KS  66762

Re: [AFMUG] OT Quandry

2017-11-19 Thread Rory Conaway 
Philip, the car isn’t an original.  Originals can run those numbers but 
currently they are running between $100K for a pile of junk to fully restored 
at about $300K.The average is around $220K.  The numbers you are talking 
about are reserved for the 426 (only 70 made) with only 20 of those with 
4-speeds.  This is why I suggested starting at $150K on eBay as the reserve and 
then post a few links to some Plymouth and car collector sites.  I would put 
the value around $125K but there may be a premium since Petty’s garage did the 
restoration.

Rory

From: Af [mailto:af-boun...@afmug.com] On Behalf Of Philip Rankin
Sent: Sunday, November 19, 2017 12:59 AM
To: af@afmug.com
Subject: Re: [AFMUG] OT Quandry

Chuck, I can’t answer your real question. Sorry. But I am a car collector and 
depending on the configuration of tha Superbird, it may be worth in excess of 
$250K. Quite possibly over $1M. Please be very careful there. It could be 
possible that you’re worrying about the wrong funding scourge!




On Sat, Nov 18, 2017 at 6:54 PM > wrote:
I am sure each state has its own rules.  Thanks for asking.  I send a query to 
my tax lawyer and my estate lawyer.
I hope he has not already formally taken possession.

From: Steve Jones
Sent: Saturday, November 18, 2017 5:48 PM
To: af@afmug.com
Subject: Re: [AFMUG] OT Quandry
I just got off with my mother, she doesnt remember the specific name. This is 
in illinois so may be different. Its was a pretty big chunk.
Mom stressed though to get to an artorney yesterday. The trust had to be 
established before formally taking possesion of the money. It had to go 
directly to the trust.
Had she just cashed the check into an account while setting things up it would 
have made her ineligible for further aid. This was around 70k, but would have 
made it virtually impossible to get back on the aid.
Id say get with an attorney before the shipping is arranged, that may 
constitute taking possession of the award and be too late.

Hers was not a prize award, it was an aggregat of payments she was supposed to 
be recieving while her pos father was alive, when he died the government made 
retroactive payments. So it may not be the same scenario.

I can give you offlist name of the law firm here in illinois if you want


On Nov 18, 2017 6:28 PM, > wrote:
If there is any chance you could come up with the type or name of the trust it 
could be helpful.

From: Steve Jones
Sent: Saturday, November 18, 2017 3:59 PM
To: af@afmug.com
Subject: Re: [AFMUG] OT Quandry

My sister lives in a group home, same scenario, funding fully from programs. 
She had a substantial windfal when her pos dad died. Went through a lawyer and 
got the money into a specific type of trust, its usable as she sees fit, but 
upon her death the government gets any remaining funds. Its a fairly common 
setup, but you really need a lawyer to handle it, there are alot of Is and Ts 
any one of which not being correct can cause ineligibilty for aid

If he has the option to take cash value on the prize it would probably be 
easier to swing.

On Nov 18, 2017 3:28 PM, "Chuck McCown" 
> wrote:
My nephew is mostly bed bound.  Quad due to spinal fracture about 25 years ago 
(he is 54 I think).  Has almost 100% hand functionality.
I have no idea how many government programs support him.  He can use a 
wheelchair and I bought him a wheelchair van years ago but he really is not 
healthy enough to use it.

So, today he won Richard Petty’s Superbird.

http://www.wintheking.com/rules/

His sister and her son went back for the drawing.  One of those things where 
you pick and key and everyone gets in the car and tries to start it.

No idea how much this thing is worth but plenty.

I wonder if my nephew is going to lose his financial support from the 
government due to this win?
I am sure he is going to have to pay taxes so I am also sure he will have to 
immediately sell it.

Anyone know how welfare works for folks that are 100% disabled and then get a 
windfall?

I really don’t want to ask him about this.  Especially today as I am sure he is 
pretty excited.  So not gonna be his debbie downer.
But having significant IRS issues myself in years past, I immediately start 
worrying about this kind of thing.


--
Philip J. Rankin
Wireless Telecommunications Services
PO Box 24
Pittsburg, KS  66762

[AFMUG] Inner City WISP In Detroit

2017-11-19 Thread Steve 
https://www.youtube.com/watch?v=1B0u6nvcTsI

This story looks familiar! I've seen and heard this story a dozen times from 
people at Wispapalooza but in rural settings.  This happening inside a city.  I 
know there are people in Chicago and other cities as well doing this, however 
this is a nice documentary.   

-- 
Steven Kenney
Network Operations Manager
WaveDirect Telecommunications
http://www.wavedirect.net
(519)737-WAVE (9283)

Re: [AFMUG] OT Quandry

2017-11-19 Thread Jason McKemie 
I think "tribute car" is the key phrase here.

On Sunday, November 19, 2017, Philip Rankin  wrote:

> Chuck, I can’t answer your real question. Sorry. But I am a car collector
> and depending on the configuration of tha Superbird, it may be worth in
> excess of $250K. Quite possibly over $1M. Please be very careful there. It
> could be possible that you’re worrying about the wrong funding scourge!
>
>
>
>
> On Sat, Nov 18, 2017 at 6:54 PM  > wrote:
>
>> I am sure each state has its own rules.  Thanks for asking.  I send a
>> query to my tax lawyer and my estate lawyer.
>> I hope he has not already formally taken possession.
>>
>> *From:* Steve Jones
>> *Sent:* Saturday, November 18, 2017 5:48 PM
>> *To:* af@afmug.com
>> *Subject:* Re: [AFMUG] OT Quandry
>> I just got off with my mother, she doesnt remember the specific name.
>> This is in illinois so may be different. Its was a pretty big chunk.
>> Mom stressed though to get to an artorney yesterday. The trust had to be
>> established before formally taking possesion of the money. It had to go
>> directly to the trust.
>> Had she just cashed the check into an account while setting things up it
>> would have made her ineligible for further aid. This was around 70k, but
>> would have made it virtually impossible to get back on the aid.
>> Id say get with an attorney before the shipping is arranged, that may
>> constitute taking possession of the award and be too late.
>>
>> Hers was not a prize award, it was an aggregat of payments she was
>> supposed to be recieving while her pos father was alive, when he died the
>> government made retroactive payments. So it may not be the same scenario.
>>
>> I can give you offlist name of the law firm here in illinois if you want
>>
>>
>> On Nov 18, 2017 6:28 PM,  wrote:
>>
>> If there is any chance you could come up with the type or name of the
>> trust it could be helpful.
>>
>> *From:* Steve Jones
>> *Sent:* Saturday, November 18, 2017 3:59 PM
>> *To:* af@afmug.com
>> *Subject:* Re: [AFMUG] OT Quandry
>>
>> My sister lives in a group home, same scenario, funding fully from
>> programs. She had a substantial windfal when her pos dad died. Went through
>> a lawyer and got the money into a specific type of trust, its usable as she
>> sees fit, but upon her death the government gets any remaining funds. Its a
>> fairly common setup, but you really need a lawyer to handle it, there are
>> alot of Is and Ts any one of which not being correct can cause ineligibilty
>> for aid
>>
>> If he has the option to take cash value on the prize it would probably be
>> easier to swing.
>>
>> On Nov 18, 2017 3:28 PM, "Chuck McCown"  wrote:
>>
>> My nephew is mostly bed bound.  Quad due to spinal fracture about 25
>> years ago (he is 54 I think).  Has almost 100% hand functionality.
>> I have no idea how many government programs support him.  He can use a
>> wheelchair and I bought him a wheelchair van years ago but he really is not
>> healthy enough to use it.
>>
>> So, today he won Richard Petty’s Superbird.
>>
>> http://www.wintheking.com/rules/
>>
>> His sister and her son went back for the drawing.  One of those things
>> where you pick and key and everyone gets in the car and tries to start it.
>>
>> No idea how much this thing is worth but plenty.
>>
>> I wonder if my nephew is going to lose his financial support from the
>> government due to this win?
>> I am sure he is going to have to pay taxes so I am also sure he will have
>> to immediately sell it.
>>
>> Anyone know how welfare works for folks that are 100% disabled and then
>> get a windfall?
>>
>> I really don’t want to ask him about this.  Especially today as I am sure
>> he is pretty excited.  So not gonna be his debbie downer.
>> But having significant IRS issues myself in years past, I immediately
>> start worrying about this kind of thing.
>>
>>
>>
>>
>>
> --
> Philip J. Rankin
> Wireless Telecommunications Services
> PO Box 24
> Pittsburg, KS  66762
>