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Need legal advice on Family Ranch Land
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<blockquote data-quote="Jogeephus" data-source="post: 1159721" data-attributes="member: 4362"><p>Unfortunately you can't manage the land from the grave and if you try you could give your heirs a white elephant if you aren't extremely careful. I'd suggest doing a pile of reading before you talk to any "estate planners". Estate planners are everywhere, usually on a street corner next to the gal in the fish net stockings.</p><p></p><p>Here is a link to some information written by two of the most knowledgeable people in this area. Its a little dated but should give you a lot of general knowledge to get you started. But whatever you do, don't paint your heirs in a corner. If you set things up to strict with too many conditions all of this is for naught when congress changes the rules. They can do this but you can't - then you and your heirs are screwed.</p><p></p><p><a href="http://www.timbertax.org/publications/fs/EstatePlanningforForestLandowners/Estate%20Planning%20for%20Forest%20Landowners.pdf" target="_blank">http://www.timbertax.org/publications/f ... owners.pdf</a></p></blockquote><p></p>
[QUOTE="Jogeephus, post: 1159721, member: 4362"] Unfortunately you can't manage the land from the grave and if you try you could give your heirs a white elephant if you aren't extremely careful. I'd suggest doing a pile of reading before you talk to any "estate planners". Estate planners are everywhere, usually on a street corner next to the gal in the fish net stockings. Here is a link to some information written by two of the most knowledgeable people in this area. Its a little dated but should give you a lot of general knowledge to get you started. But whatever you do, don't paint your heirs in a corner. If you set things up to strict with too many conditions all of this is for naught when congress changes the rules. They can do this but you can't - then you and your heirs are screwed. [url=http://www.timbertax.org/publications/fs/EstatePlanningforForestLandowners/Estate%20Planning%20for%20Forest%20Landowners.pdf]http://www.timbertax.org/publications/f ... owners.pdf[/url] [/QUOTE]
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Need legal advice on Family Ranch Land
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