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Non-Cattle Specific Topics
Coffee Shop
Kids and Inheritance
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<blockquote data-quote="skyhightree1" data-source="post: 1137040" data-attributes="member: 13268"><p>inheriting land doesn't mean they have to be a farmer or rancher it means they have land. Land = Money and always a place to go incase something happens in life and they need to go back to the farm. They can also rent it out let someone farm it and still keep it. I want to set it up so it cant be sold for a certain amount of years as well as $ from my estate would go for paying the taxes in a trust for that period of time. If they do not care for the place then they don't but atleast they will still own it regardless.</p><p></p><p>Edit: When my grandmother and I inherited the row crop operation my grandmother and I are the SOLE owners not even her kids including my mother have anything to do with the operation. Before I could gain power of it My wife had to sign paperwork stating if we divorced or yada yada yada she had no vested interest in the land.</p></blockquote><p></p>
[QUOTE="skyhightree1, post: 1137040, member: 13268"] inheriting land doesn't mean they have to be a farmer or rancher it means they have land. Land = Money and always a place to go incase something happens in life and they need to go back to the farm. They can also rent it out let someone farm it and still keep it. I want to set it up so it cant be sold for a certain amount of years as well as $ from my estate would go for paying the taxes in a trust for that period of time. If they do not care for the place then they don't but atleast they will still own it regardless. Edit: When my grandmother and I inherited the row crop operation my grandmother and I are the SOLE owners not even her kids including my mother have anything to do with the operation. Before I could gain power of it My wife had to sign paperwork stating if we divorced or yada yada yada she had no vested interest in the land. [/QUOTE]
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