Dave Ramsey is such a bad ass. Love him or hate him. He's a bad ass and tells the truth. Reminds me of my late father. Good advise.
@micclay Жыл бұрын
My father burned me with cigarettes.
@floresnashvilledrummer Жыл бұрын
@@micclaySmoke up, Johnny!
@timlamb11566 ай бұрын
@@micclaywell you had a crappy father
@WISHBONEL74 ай бұрын
His show often encourages *SIMPING* .
@erikrohr4396Ай бұрын
He lies about debt and debt-related topics, but calls about other topics are usually good.
@brucevann7129 Жыл бұрын
This is also why you never ever do 50/50 ownerships. Someone must have the power to pull rank in situations of disagreement.
@andrew8168 Жыл бұрын
Its called "being married" and its something Ramsey pushes people to do. Now, it back-fired here because princess is being divorce-graped but usually its a man and you can see that Ramsey needs a change of pants.
@brucevann7129 Жыл бұрын
He could have sold it 51% to his daughter and 49% to his son in law. Then even in marriage there wouldn’t be a gridlock like this.
@montezuma6962 Жыл бұрын
@@andrew8168 100%. Women have been railroading men through divorce for decades now. If the genders were reversed for this call, Dave would be advising to pay her 50% of the company plus the house and 401K and both dogs😅
@Ja50nkAt Жыл бұрын
What was the name of that country with two presidents? right there aren't any.
@elpatron79167 ай бұрын
No partners
@S.Whinnley7 ай бұрын
We have no idea why the husband is leaving this man's daughter. He said he chose money over his family but honestly we only know what his man said about his ex son in law. This man's daughter could be insane, could have cheated, could have been abusive or any other reason other than money. Calling the ex a butthole and to blame is short sighted without more information.
@ThomasTomiczekАй бұрын
And statistically she cheated.
@guillermo3564Ай бұрын
Keep in mind this is all coming out of the mouth of a man who claims to be a Christian. It's laughable.
@derekstanyerАй бұрын
@@ThomasTomiczek statistically you have too
@ThomasTomiczekАй бұрын
@@derekstanyer Nope.
@derekstanyerАй бұрын
@@ThomasTomiczek I’m just speaking statistically of course.
@barnabusdoyle4930 Жыл бұрын
This is why the contract should have been contingent on the marriage staying in place. The clause should have read along the lines of “if the marriage dissolves the daughter becomes full owner of the company”. Divorce is a real thing and you should always assume that a marriage could end in divorce. This asset was not the son in law’s and should have only been given to the daughter in the first place. Depending on the situation of course.
@timlamb11566 ай бұрын
Yeah, that was real mistake, I have seen inheritances come along with similar protections.
@lynbrooks183 күн бұрын
DAVE ALWAYS TALKS BAD ABOUT A PRENUP BUT NOW I SEE WHY. ITS BECAUSE HE GOT SOMETHING TO PROTECT HIS MONEY THAT IS BASICALLY A PRENUP OR JUST AS GOOD. BUT EVERYBODY ELSE GOTTA ROLL THE DICE WITH HALF OF THEIR HARD EARNED MONEY! OK GOTCHA! 👍 # YEAH RIGHT😂😂😂😂😂
@frix8773 Жыл бұрын
I'm pretty sure it doesn't work like that. The ex has 50% of the shares, he has rights. You can't just decide to not pay him because you feel like it. As a CEO you do have a fiduciary responsibility towards all the shareholders, even if they are your ex. He can and will bring this to court and when the other attorney sees this clip and sees you guys plotting to "starve him out", he will walk away with a hell of a lot more than you think.
@jamieevans115 Жыл бұрын
No company president has rights to set the shareholder payouts. And he's trying to force a liquidation which he can't do
@SonnyBubba Жыл бұрын
In a partnership, each partner has a separate equity account. The company’s net income gets split into those accounts, and what’s in his account is his. Some partnership agreements state that your share of the company changes depending on how much is still in your account, but I doubt this one does. He might be able to get the divorce court judge to dissolve this partnership, but that would probably sink the company. Either way, it’s a nasty court battle ahead. Unless the partnership agreement states
@saulgoodman2018 Жыл бұрын
And she can go to jail for embezzlement. And the father can too. And Dave can also be held responsible for telling him that.
@MattCasters Жыл бұрын
Yeah, and why is the divorce automatically his fault?
@saulgoodman2018 Жыл бұрын
@@MattCasters Because Dave is a SIMP.
@shellygee137Ай бұрын
Man, this was a sad situation, but boy, Dave was hilarious talking about the ex son-in-law, lawyers, etc. The father sounded relieved by the end of the call.
@Rence38 Жыл бұрын
Dave is low key a savage 🤑😀💯
@micclay Жыл бұрын
The son in law is winning. It's a crappy way to win, but women do it all the time.
@plentystuffs7 ай бұрын
Low key ? Nothing low about the man savageness 😂😂😂 and I love it
@mandysimmons2769 Жыл бұрын
Blood family can turn sour too. I have a couple of blood relatives that would throw me and my husband under a bus in a minute.
@marty906Ай бұрын
Family deals can ruin family relationships. I'd say stay away.
@karlscribner38382 күн бұрын
You can pick your friends but you're stuck with family.
@FA-pw1yg Жыл бұрын
No need to be nicer unkle Dave, you are perfect the way you are! Excellent advice, cut off the water supply! I hate it when the “in-laws becomes outlaws”! To this father and his daughter, love you will both bounce back better and stronger than before. Keep moving forward🙏🏾🖤❤️
@carllennen3520Ай бұрын
Youre making an awful lot of assumptions, with barely any information to do so. All anyone knows, is what this man is saying, and hes not even a first hand. He only knows what his daughter is telling him, and who knows if shes telling him the truth. For all anyone knows, the daughter is insane, and the ex husband is saving his own life getting out of this marriage, or he could be the a$$hole. The point is, you dont, and cant, know. Obviously, this man has been a part of growing this company, or the father wouldnt have been comfortable selling the entire company to them, knowing he would be 50% owner. To try and "choke him out", is morally and ethically, disgusting. Whether hes the Ahole or not, hes helped the company become what it is, and is 50% owner, and is entitled to get his half. Buying him out, is not only the ethical thing to do in this situation, it would be beneficial for them in the long run. The wife gains 100%, or the 49/51 split with the father, and they make the buyout money back within 3 years, and keep the whole thing within 5. Ramseys advise is short sighted, and not based in facts. Only this mans opinion, and that opinion might be skewed by the man himself. You shouldnt be so quick to cheer Ramsey on, when hes making some serious mistakes in giving advise publicly, regarding the split of assets in a marriage that isnt dissolved yet. That shows some basic failures in decision making on Ramseys part. He should have kept this one off YT, or at the very least, chosen his words, and his advise, much more carefully, considering the subject matter.
@Amishland_Chateau Жыл бұрын
I appreciate the strength and caring for the caller, and for what’s right, in the first call.
@fkillah Жыл бұрын
Dad should have never given son in law any part of the business to begin with.
@micclay Жыл бұрын
What do you think a woman would do in the son and law's position?
@SteveCanon453 Жыл бұрын
@@micclayABSOLUTELY .
@ebo7310 Жыл бұрын
Exactly just a dumb as move
@waterbottle47826 ай бұрын
He didn't. He gave it to the daughter and the ahole is going after the business as part of the divorce.
@peteratos6606 ай бұрын
@@micclaytake it all! I’m not going to hate on him for doing what every woman does when they walk away.
@ebo7310 Жыл бұрын
Why in the world would he give 50% to a son in law?🤦🏾♀️As if marriages don't fall apart. Now he's stuck in a mess smh
@mradventurer810418 күн бұрын
Yes I agree. To be fair he sold it to them he didn't give it to them. Perhaps for a good price but still if the price would have been high the son in law may have accepted the offer.
@csefesi Жыл бұрын
"Beat him up" (Financially) LOL Ramsey haha
@randylester8274Ай бұрын
I have a daughter LOVE YOUR LAST STATEMENT!!!!! Thank you!!!!!!
@andrew8168 Жыл бұрын
Ramsey always goes on and on about how much he loves his daughters that we almost forget he has a son.
@WISHBONEL74 ай бұрын
His show constantly encourages *SIMPING* .
@DigDeeperNetwork Жыл бұрын
this is 30 times better than the main show
@gingergann393416 сағат бұрын
The "ex" son in law doesn't own half, as there is a note on it. He only owns half of the amount of it that has been paid for. Therefore, he may not have a million coming to him.
@USMC6976 Жыл бұрын
Daughter needs to stop paying dad, go into default, let dad regain ownership because of default. Daughter starts new company (tells customers/clients the old company shutting down). Let the EX figure it out.
@SteveCanon453 Жыл бұрын
He still owns half .
@USMC6976 Жыл бұрын
@@SteveCanon453 Half of nothing. He won't own any of the new.
@montezuma6962 Жыл бұрын
Now, just reverse the genders. Would you give the same advice?
@steve-on3234 Жыл бұрын
Fraud.
@barnabusdoyle4930 Жыл бұрын
That would be highly illegal and probably the worst way to play this out. The judge could easily see that the company doesn’t have the liquid assets to buy him out. He’s making a request to cash out his side of the company, and without knowing much about the company and what he’s put into it, you can’t value the company. This would have to go through a very different proceeding as the divorce and should be settled separately. This is the argument to make in court while the company starts to figure out how to buy him out.
@kathrynm.63833 ай бұрын
You and I don't always agree on matters of marriage, relationships, and politics, but thank you for giving this advice. There are a lot of women who don't have any men, let alone fathers, who will fight for them when they have been wronged by other men and, in cultures like this one, the battlefield is often skewed in their favor no matter what they've done and they know it. Sometimes they are so used to us not having fathers, brothers, and other men who will fight for us, it can be a heck of a lot of fun to remind them that isn't always the case.
@rickyrick9501 Жыл бұрын
He doesn't fully own the company half. He is making payments don't forget. You can't sell a business you don't fully own. In this case his half is not fully paid. The courts will make an evaluation of what they earned in the four years and the buy out will be according to those numbers. Couple hundred thousand at best. Business was not evaluated so it will be professionally evaluated and the number will come from there.
@rickyrick9501 Жыл бұрын
Now if the business has become more profitable from year one to year four. A new current evaluation will need to be performed and the profits will be considered in the buyout.
@ThomasTomiczekАй бұрын
"You can't sell a business you don't fully own." - you absolutely can. What the stupid argument - all you have to do is clear the debt as part of the sale. I.e. he gets 5 million into escrow and part of those repay the loan.
@Ka_Gg Жыл бұрын
We still need to take a step back and remember that this is from the father's point of view. There are two sides to every story. I still don't understand how in 2023, you can just give something to a son or daughter-in-law without even thinking about divorce and what happens after
@montezuma6962 Жыл бұрын
There is her side, his side, and the truth. One of the greatest transfers of wealth in the U.S. is through divorce. Women have been doing it to men for a few generations, and it's one of the reasons fewer people are choosing marriage.
@barnabusdoyle4930 Жыл бұрын
Most people are delusional enough to think marriage is a permanent protection. Ramsey pushes marriage like it will never end in divorce. My advice to people is to assume that all marriages end in divorce. Never become financially dependent on another person. Always have a separate account with a decent amount of money in it. Always be ready to come home to an empty house.
@rickyrick9501 Жыл бұрын
If the dad was a Simp he will think like a Simp and give away the farm with no recourse. It's just that Simp-le
@glenf3437 Жыл бұрын
Alright guys, you heard Dave. All you have to do is tell the judge you’re not selling any assets, and you’re not buying your spouse out. Problem solved. I wonder why no one ever thought of doing that before 🤣🤣🤣
@andreac.3636 Жыл бұрын
Great advice!
@Ja50nkAt Жыл бұрын
"Somehow beat him down or beat him up" Dave going mafia style on his azz.
@joeblack84784 ай бұрын
Ha ha lol
@allaboutstress2 ай бұрын
Nice Dave.
@sebastiaanvandoorn3223 Жыл бұрын
Also adjust the terms of the payments for the company purchase the daughter is still making, raise that interest rate on the outstanding balance through the roof!
@Big_Ego3 ай бұрын
wow. incredible advice.
@edennis8578 Жыл бұрын
This guy should be consulting a lawyer!
@ReadingGodsWord3659 ай бұрын
I’m listening to these ‘clips”..the one before this Dave told an employer to show extra grace and mercy to an employee. He is not ruthless. He’s trying to help this man protect everything he’s worked his life to build from a parasite.
@pearlbubbles68856 ай бұрын
There is 10 million dollar in play.
@jmiyagi123454 ай бұрын
Why was it split 50/50? I know someone who owns several companies, and he lists his wife as 51% owner on all of them because of favorable conditions when getting government contracts. And even he admits that if she wanted to, he would be screwed out of a lot of money. Should have been 100% to the daughter and let her decide if she wants to bring him in.
@jwollen78 Жыл бұрын
I love Dave but He immediately went to the guy is at fault. He could be out because of something that the Daughter did. Not enough information to go on in that summary.
@Aki_Lesbrinco Жыл бұрын
Agreed, Dave just went ahead and stated the ex is some sort of a horrible person, without knowing any details about what happened in the marriage. For all we know she could've been cheating on him and mistreating the guy.
@azteca6695 Жыл бұрын
Doesn't matter. Dave is looking it as the father. He will always back up his children, over their spouses.
@floresnashvilledrummer Жыл бұрын
Why does Dave have the time to entertain every single aspect of the dissolution? He's not a mediator nor an attorney. He's answering the call and this call only and he did it masterfully. And yes, if the ex called in with his side, I'm sure he'd have a different response for him. But he didn't.
@davinasquirrel76728 ай бұрын
The SIL was having affairs.
@tomw4854 ай бұрын
In Dave’s defense he’s advising this man who called in. He’s not talking to the SIL. He’s not a judge trying to figure out fair payout he’s trying to advise this guy to get the most advantageous position for him and his daughter. On the flip side there are 2 sides to every story. It’s possible the ex SIL was a good guy and driven to divorce because his wife was awful to him. Maybe she mistreated him driving him to divorce and then as president she immediately fired him. Maybe this guy calling in was a total a-hole and mistreated his SIL. That’s all possible… seems rather unlikely though. My impression is that the SIL was cheating, is now with the other woman, still lazy and unemployed and just trying to get his gravy train out of his ex’s family business. If I were a betting man I bet that is what happened. But I’ll concede that it’s totally possible that’s not how it played out. I don’t particularly like Dave though. He’s an evangelical control freak who gets way overly involved in his employee’s lives. He also has very dogmatic ideas and biases that I disagree with. That all being said I think he does have a good program for people struggling with debt. I do think he helps people that need it. But there’s a lot about him I’m not particularly fond of
@PantzShiddedАй бұрын
I'm confused at how he would even own $1 million worth of the company if it's in the process of being purchased from her dad doesn't his half get based off of 50% of what they've paid for up to that point?
@AnaCristinalolinsanches Жыл бұрын
Very often happens that american companies look for my services of company registration and representation here in The Netherlands, and sometimes it's for this reason, they don't want to close the books having any kind of profit, so they transfer the profit to their subsidiary here in The Netherlands. Maybe it's an option for him?
@AnaCristinalolinsanches Жыл бұрын
@@DonLicuala it can be, but most of the time they want to make taxes avoidance, there are some cases that are of companies that want to make actuall business here and they have many benefits business wise and taxes wise
@NowWeWorldwide7 ай бұрын
pretty sure divorce court is gonna force the issue. lol. you don’t get to tell a 50% owner to go fly a kite
@btechbismarckquinteroizqui26843 ай бұрын
I dont think divorce court can decide how the inc should run, they could split shares ... but thats about it
@issycrawford15 күн бұрын
I don't really understand how he has rights to half and not like 25% considering he and his ex-wife jointly held half. The company was also a premarital assest.
@SteveCanon453 Жыл бұрын
What’s to stop son in law from taking a big salary ? If he is half owner , how can she do anything with the company’s profits without his consent ? She doesn’t have all the power , she has half of the power .
@tankthepitbull520 Жыл бұрын
Dave Ramsey is not a legal expert.
@SonnyBubba Жыл бұрын
You only get salary for working there. A properly prepared K-1 would call this “guaranteed payments for services.”
@saulgoodman2018 Жыл бұрын
@SonnyBubbnot if you are the owner.
@frommyownbackyard32096 ай бұрын
Because he is not the president.
@coderider30227 ай бұрын
Ouch ! Really decent and trusting guy to give over a business like that. I personally wouldn’t have done that and would retain the controlling part but only use it as a veto. Dave comes up with answer before and yes, you can manipulate “profit” to reduce unwanted owners
@juanitachandler8331Ай бұрын
I think you were nice enough based on the circumstances. The ex-son in law should have been nicer. He was simply looking for a pay day. I love the trust idea. Working on mine.
@igo0di6 ай бұрын
So this guy married the daughter of a rich guy, bought half of his business with a loan and then divorced her so he would become a millionaire
@Mary.ShannonАй бұрын
Yup
@MattD-y2f26 күн бұрын
Essentially that’s what the fathers saying. Who know what his side of the story is but most likely he’s a scummy guy
@ThemommaBear1955 ай бұрын
I really wish my dad had the resources you do. I’m going through a terrible divorce too and that cheating violent son of a gun is getting away with so much crap! The divorce law is not set up in the best interests of children. And it is driving me nuts.
@pt316014 ай бұрын
I’ve never heard of one state that doesn’t favor the woman and children in divorce law. It is heavily stacked in your favor.
@kyleanuar90903 ай бұрын
Best interest of the judges and lawyers retirement fund, literally their fund is from percentage of the money they ordered to go here and there maximum amount so they get a big cut. It's really a scam legitimised by the government.
@Chessdude4 Жыл бұрын
If they stop paying payments the company reverts to him… as the president, could she stop making payments?
@MikeIsCannonFodder Жыл бұрын
I guess it depends on the company's structure, but I'd expect the owners would decide profit sharing, not the president. I'd expect the president would make recommendations. Though it's moot since her no vote cancels his yes vote.
@ThomasTomiczekАй бұрын
Nope. That is the moment you bring in an external party at company cost to come up with a reasonable number of the shareholders do not agree. And have a fiduciary responsibility against other shareholders.
@paulhathaway5907 Жыл бұрын
So the courts can't force a buyout ? Like in real estate?
@Ryan-zv6xw6 ай бұрын
If they buy him out by buying his half, they only need to buy half the equity from him, though, right? If the company is worth 10 million but they still owe the father 9 million, his half is only 500,000. Am I missing something?
@janicewolk6492Ай бұрын
I represented a guy who was very wealthy. My husband was a well known business valuation expert. I was a well known tax attorney. Because this was some years ago it was OK to treat women attorneys with disrespect a la Fuentes and Trump (gee...).I had exactly this situation. But businessmen think they know much better than professionals. So smart they screwed themselves. 😊 Have fun men!
@cristianmota3811 Жыл бұрын
If it was a women in the position of the ex husband Dave would be on her side…
@montezuma6962 Жыл бұрын
There has been a war against men I this country for quite a while. Looks like Dave picked a side.
@frommyownbackyard32096 ай бұрын
I don't think he would. The ex was cheating.
@hunterwoodring9783Ай бұрын
Couldn’t be more wrong
@DominickSpano Жыл бұрын
What a jerk! Marriage end all that time, but be classy and show decorum for gosh sakes! This is your ex wife and ex father-in-law. It didn't work, but be a gentleman. I agree blood only is better.
@ronmexico5908 Жыл бұрын
The shoes in the other foot. This has been happening to men since the beginning of time
@pearlbubbles68856 ай бұрын
No, there was a time when women couldn't own land or bank account.
@MikeIsCannonFodder Жыл бұрын
Can a divorce court force the sale of the company? My understanding is it can force the sale of a house, so I don't know why a company would be different, or any other valuable asset.
@edennis8578 Жыл бұрын
There's nothing to split. In the case of a home, it's owned jointly and sold when one spouse can't buy the other half. The business would only need to be sold if the couple owned everything jointly, but in this case it's already split 50/50.
@ThomasTomiczekАй бұрын
It cannot. Divorce courts never force even the sale of a house - they force a payout of the value, and as this can be executed, the party that wants to keep the house has to sell (or somehow get the money).
@LorenzoYoung-sp4rc7 ай бұрын
What did I miss in this conversation? It seems Dave makes a bunch of assumptions based on almost zero information. How does getting a divorce and dividing the property turn someone into a "buthole ruining everything", or "running around sleeping with other women"? Why has Dave assumed the son in law must be morally bankrupt? All I heard was a valuation of the company was required.
@shes_infinity694327 күн бұрын
People will listen to anyone with a platform and assume he’s an expert…Unfortunately this advice Ramsey is offering doesn’t work for may reasons. 1.The SIL still has equal say about reinvesting earnings and the daughter paying herself more can be considered self dealing/shareholder oppression/violation of fiduciary duty. 2. Reinvesting earnings may lower CF and valuations in the ST but in the LR it actually increase valuation so this doesn’t lower her buy out cost. He can just choose to sell after 1-2 years still
@TheOffGridHunter2 ай бұрын
Problem is Dave if the ex holds on eventually you will have to pay the pied piper and he will potentially get even more
@chefjamesmacinnis7 ай бұрын
But ive also told him to tell people to force a buy out when the tables are turned in situations when partners dont show up. Also more then half of the devorces in America are initiated by the woman.
@rachelharrison7961 Жыл бұрын
Why assume that the ex SIL is at fault? It sounds like he wants a clean break from the marriage AND the company.
@SonnyBubba Жыл бұрын
There are always three sides to every divorce case, his side, her side, and the truth. So far, we have only heard her side.
@jimmymcgill6778 Жыл бұрын
Dave be simoing.
@angiewalker38816 ай бұрын
This man was dumb and should have looked after his daughter better and trained her up to be the primary owner.
@pentrubarbati Жыл бұрын
I wonder if there was a woman instead of the guy how the conversation will be .... she would have the 50% right but a man has 0 yea bs ...
@andrew8168 Жыл бұрын
Yeah you're watching Ramsey.
@jonathangamble Жыл бұрын
I'm curious if a Ramsey adopts they would not be part of the inheritance... blood is not always family.
@zoraster3749 Жыл бұрын
Dave has spoken about this. Despite his toeing the trad con line of “what’s yours is mine” Dave operates as a very shrewd businessman. His family trust has “shares” in which only blood relatives have ownership stakes in the family corporation. Son in laws and daughter in laws do not have equity stakes so if they were to get divorced they would get nothing.
@jonathangamble Жыл бұрын
If someone in the Ramsey family adopts, that is different from a divorce. Surely he believes that child is just as much a Ramsey has anyone else.
@e.goldstein1972 Жыл бұрын
Wow. Absolutely disgusting. How do we know that the woman isn't at fault for the marriage failing? There is no way that an investor with a controlling interest can be starved out like that.
@micclay Жыл бұрын
Exactly. The daughter and the son and law could be playing long game to scam the dad.
@micclay Жыл бұрын
Yea. Ramsey is operating under the assumption the son in law is penniless and has no resources to livie on during litigation. If there is a legit 5 million dollar payout due, there are plenty of willing creditors.
@edennis8578 Жыл бұрын
50% isn't controlling interest when someone else also owns 50%.
@e.goldstein1972 Жыл бұрын
@@edennis8578 so if I own 50% of a company, I have zero say in who the management of the company is? How about the board of directors? Don't they have a fiduciary responsibility to the shareholders? In this case the members of the LLC.
@ann-mariemeurs9525 ай бұрын
Im glad he was able to find a way to make sure the cheating SIL gets nothing.
@jeanlaubenthal698 Жыл бұрын
How long were they married?
@bigcatdaddy7573Ай бұрын
I don’t agree with the son in law’s leaving like this, but I would like to hear his side of the story.
@billwashinski4961 Жыл бұрын
3:43 It’s divorce court Dave. Every attorney representing women fits this description
@Mr.Boring_Man Жыл бұрын
If it was his daughter in-law making these demands, he'd be ok with this extraction.
@areynolds19907 ай бұрын
Dave’s going to get this guy a lawsuit.
@rogerhoward1900 Жыл бұрын
I would like to see dave if he got hit with a divorce what he would do and say😊
@Flare64 ай бұрын
4:46 courts forced husbands to liquidate businesses where the soon to be ex wife never worked in during divorce all the time. Not sure what Dave is acting like that can’t happen. 😂
@Flare64 ай бұрын
6:36 Dave said it. He is NOT a divorce attorney. He son in-law has a good divorce attorney. This ain’t gonna fly because he is 50% owner.
@Flare64 ай бұрын
9:57 Dave told his kids not to get a prenup 🤦🏾♂️ Even if the in law can’t get the company via the trust in the event of the divorce, they CAN get spousal support, which a prenup could have avoided. 🤦🏾♂️ Caller needs to hire a good attorney.
@Flare64 ай бұрын
12:17 Ex son in law paid for the company as a 50% owner. The daughter fired him from the company. So he’s looking at buyout and spousal support
@kehindeemiabata40324 күн бұрын
I've got a feeling this family is going to be on. " who the hell did i marry?"
@billwashinski4961 Жыл бұрын
2:49 Dave’s assumption that the SIL is the cause of the problem? The father isn’t exactly an unbiased source of truth.
@davinasquirrel76728 ай бұрын
Did you miss the part where the SIL had been having affairs?
@ThomasTomiczekАй бұрын
Actually, the father likely is no source of truth at all - but works on hearsay from what his daughter told him. And we all know - believe all women... not.
@martinneumann93456 ай бұрын
His attorney will subpoena the books and do a valuation. If the daughter doesn't do a valuation of her own, the court will use the SIL valuation, and she will be not forced to sell but come up with 50% of the valuation in other assets of the marriage. The dad screwed up the sale to his daughter unfortunately.
@Coppolious24 күн бұрын
I mean, there's a lot of naughty things we don't know about yet, so we all need to relax and stop judging because the son in law coul potentially have a strong reason why he decided to divorce and second he might have helped the company to be more profitable or innovative, plus we don't need to like him but legally he has the right to ask for his part. The father is just telling his side of the story, despite him been an outsider from their marriage as well as the company because he had inherited them.
@bryannorris39765 күн бұрын
I love Dave. But I don’t know if he is right on this. Dad sold 100% of said company to daughter and SIL without a trust or any restrictions. Dads fault. Terrible as it sounds SIL is owed at least a Salary. Dad needs to consult an Attorney before following any of Dave’s financial advice on this one. Dad and Daughter could wind up in trouble.
@kehindeemiabata40324 күн бұрын
They shouldnt have made him half owner in the first place.
@PN-ve9lf Жыл бұрын
If I'm in similar situation & have the money just pay him off & continue growing the business. Move on & learn from the mistakes. That ex will most likely be broke & divorced again in a few yrs.
@growwiththeflow. Жыл бұрын
But if they haven't paid off the amount of the business, then they don't have a "pink slip" or proof of ownership.
@mck20213 ай бұрын
Isn't the issue that the business is not the caller's anymore, it is his daughter and the son-in-law's? The son-in-law is a piece of work though.
@JoeMattitas3 ай бұрын
Dave is ignoring the future potential litigation and jumping to the conclusion that the SIL has no money. Sounds like he has access to 50% of $2.5 million in profits annually
@teselectric7662 Жыл бұрын
Never leave a business or money to keys. If you do, it should state clear that the money goes to the kid if , the parter files divorce, cheats or they simply separate. It ain't fair what that guy did- but women do it alot...just a bit pay back I guess
@hominem37317 ай бұрын
I love that Mr. Ramsey wants all the smoke and trouble 😂.
@motoryzen Жыл бұрын
This is yet another example of why i'm so happy I never got married It is nothing but risk for the male and for the vast majority of all varieties of situations.... Nothing but possible benefit for the female, at least in the united states of america for the past two and a half decades straight because of how the system caters to the va gina.
@dawnr6381 Жыл бұрын
I’m curious what caused them to get divorced.
@rlkinnard4 ай бұрын
It i hard to srew a 50% partner.
@cesargonzalez3247 Жыл бұрын
What about Alimony? She won’t have to pay him any alimony?
@edennis8578 Жыл бұрын
In my state, it's almost impossible to get alimony because both parties have to agree to it. In the US in general, the spouse usually has to be unable to work or have no income by other means, like investments.
@cesargonzalez3247 Жыл бұрын
@@edennis8578 what state you from
@joemallette4729 Жыл бұрын
I find it interesting that when a man leaves a relationship he is assumed to be the bad guy and when a woman leaves a relationship the guy is assumed to be the bad guy. I don’t know these people, but I have no reason to automatically believe that the son-in-law didn’t have a good reason to leave the marriage. Of course the wife’s father is gonna paint him in a bad light. He might be awful, but damn lots of assumptions.
@albertomarin2199 Жыл бұрын
Life is hard. No doubt. A man has to do what a man has to do
@IzabellaRequiem10 ай бұрын
gold digger
@micclay Жыл бұрын
How do we know daughter and son and law aint playing long game to scam the dad?
@swannyriver75 Жыл бұрын
Sorry but dad should have been smart and put the business in the daughter's name only married or not and if the son in law decides to stay he's an employee only
@MrBeats443 ай бұрын
Let’s not pretend that the Wife is 100% innocent in the failed Marriage
@leahwhiteley5164Ай бұрын
This man is an idiot. He should have had his llc sells the company to the daughters LLC ONLY and had the Son In Law run it. Then as an employee they could have fired him when he walked out on her. If he was only an employee he might not be able to touch the business.
@butchthurman4685 Жыл бұрын
From listening to Dave a bit. He willing to scrw the men more than the women.
@rogerhoward1900 Жыл бұрын
Try that in the real world
@aliyusuf23868 күн бұрын
It looks like this poor guy is screwed by his ex wife, ex father-in-law plus Dave Ramsey😢😮😅
@zookini Жыл бұрын
Clearly Dave has no idea how divorce court works
@saulgoodman2018 Жыл бұрын
Or the law.
@edennis8578 Жыл бұрын
Divorce laws vary from state to state. Since the business is already split 50/50, I don't see where the court will have anything to say about it. As my divorce lawyer explained it to me, marriage is a financial contract, legally. A divorce splits the assets of the marriage. Since the business is already 50/50, there's nothing for a divorce court to do.
@d.b.49106 ай бұрын
Couldn’t the son-in-law sell his half to someone else?
@TheOffGridHunter2 ай бұрын
Problem is the father in law sold. This guy legit owns 50%. He will be able to force liquidation
@israelrivers8280 Жыл бұрын
Man this call woke up the Papa Bear 🐻 in Dave. ❤
@filleeepehtehhehduh4050Ай бұрын
What did the daughter do? That’s the question
@JoeJoe-tg3ed Жыл бұрын
The father should have retained the unpurchased shares. Or just kept in in a trust . What kind of lawyer did he have? A real estate attorney?
@zachwarren280Ай бұрын
Tell the caller to secure his goddamn dentures or put down the jar of peanut butter or both.
@jimmymcgill6778 Жыл бұрын
So Dave is telling him how to embezzle money? See how that works in a court?
@marshallj2415 Жыл бұрын
Talk on the street was the daughter is a gambling addict with a sex addiction. Seriously.
@saulgoodman2018 Жыл бұрын
He sold it to them. They each owe 50/50. The father cannot legally do anything, he is not the owner. Hiding money from the judge is illegal. What he is telling him to do, is also illegal. He owns half if it, she can't withhold his pay. This guy have a contract. It legally says he owns half of it. How do you know the daughter didn't call it quits?