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<blockquote data-quote="Chocolate Cow2" data-source="post: 1574548" data-attributes="member: 32644"><p>I spent the majority of my life on the farm. Brother & I bought land together. I watched the cow herd and pastures, he did the farming end of it. My grandparents left their land in a Trust that named us 3 kids-their only grandkids- as beneficiaries. My parents followed suit and put their land in a Trust. Dad & brother formed a Partnership in the mid-80's. It enacted the transfer of the cow herd & machinery to my brother. Dad said I wasn't included because Partnerships were limited to only two people. yeah right. Dad's health forced him to quit around 2007 or so. That triggered a minor division of the farm to equalize the assets of the partnership for my sis and myself. Brother was allowed to value the cattle. (Wouldn't you jump on an opportunity to buy pairs at $500?) An appraiser valued the machinery. Brother was a shoe-in on the Trust property. No other family member was given an opportunity to farm or rent the land. End of 2015, he refused to pay rent on the Trust property. Lawyer felt it was best to divide the farm. We all agreed. It started and went fairly well until the lawyer dropped dead May of 2018. Now, brother is exploiting a verbal agreement and the new lawyer & accountant aren't doing their due-diligence by reviewing files. Also, the Trusts of my grandparents and parents are empty but weren't terminated so all beneficiaries will pay fiduciary fees forever. My lawyers job is to get acknowledgement of the verbal agreement (I thank God I saved emails concerning this between myself and the original lawyer) and to terminate the fiduciary hold on my share.</p></blockquote><p></p>
[QUOTE="Chocolate Cow2, post: 1574548, member: 32644"] I spent the majority of my life on the farm. Brother & I bought land together. I watched the cow herd and pastures, he did the farming end of it. My grandparents left their land in a Trust that named us 3 kids-their only grandkids- as beneficiaries. My parents followed suit and put their land in a Trust. Dad & brother formed a Partnership in the mid-80's. It enacted the transfer of the cow herd & machinery to my brother. Dad said I wasn't included because Partnerships were limited to only two people. yeah right. Dad's health forced him to quit around 2007 or so. That triggered a minor division of the farm to equalize the assets of the partnership for my sis and myself. Brother was allowed to value the cattle. (Wouldn't you jump on an opportunity to buy pairs at $500?) An appraiser valued the machinery. Brother was a shoe-in on the Trust property. No other family member was given an opportunity to farm or rent the land. End of 2015, he refused to pay rent on the Trust property. Lawyer felt it was best to divide the farm. We all agreed. It started and went fairly well until the lawyer dropped dead May of 2018. Now, brother is exploiting a verbal agreement and the new lawyer & accountant aren't doing their due-diligence by reviewing files. Also, the Trusts of my grandparents and parents are empty but weren't terminated so all beneficiaries will pay fiduciary fees forever. My lawyers job is to get acknowledgement of the verbal agreement (I thank God I saved emails concerning this between myself and the original lawyer) and to terminate the fiduciary hold on my share. [/QUOTE]
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