Jogeephus":1r0ceu40 said:
KenB":1r0ceu40 said:
If one of the children would have wanted to take over the farm they should have been there years ago, there are a lot of ways to avoid taxes with a bit of for thought and planning
I agree but you are forgetting the most important element which is TRUST. You got to be able to trust your children to do the right thing and not toss you in an old folks home when you give up the power. Many people, including myself, have a hard time doing this.
I am not forgetting about that, its why I posted this...
Re: Neighbors Place
by KenB on Sun Dec 21, 2008 10:46 am
I hope and pray that I will know when My time is about up.
I would like to either try to sell to someone that will carry on what I have done or at least be able to liquidate most of my assets myself.
I would put the money in some kind of trust. I guess I want to be in control even after I am gone.