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  #21  
Old 06/24/06, 08:39 AM
 
Join Date: Mar 2005
Location: Bartow County, GA
Posts: 6,779
Talk to the children - see how they really feel. Hopefully, we brought them up to be independant, so we don't need to care for them as adults after we die. Live it upwhile you're able.

My property will probably be sold to take care of me in my dottage.

You can also skip generations & leave it to grandkids, just make sure there's enough $ to cover taxes if it's free & clear. Maybe by then one of them will appreciate the land.
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  #22  
Old 06/24/06, 10:29 AM
chas's Avatar  
Join Date: Dec 2004
Location: western pa
Posts: 549
get a good will

All four of my kids want our 30 a.
Oldest son would lose it in a year!
#2 son at this time isn't intrested for him,but for his kids.
#3 son has an intrest for his son who the three of us raised and I'm partial to.
# 4 daughter who is a real sweetheart and has me wrapped around her little finger wants it to add to her and dh land.They have 10 a. on one side and 12 a. now on the other side of us.And he is the only one that wants to farm.
We had a will drawn up giving daughter first chance at the land.The house barn and out buildings and 8 a. go to the next one that can afford to buy out the others.
Each gets 1/4 of the value of the land and any money I haven't managed to squander!Except #1 who owes a bundle and most of his goes to his 4 kids,because he will never be responsable for them!
And the best part is the attorney put a clause in saying if anyone tries to contest the will or tries to block our wishes in any way,they get absolutely ZILTCH
#1 has already told the rest he gets the land and that's it!!If he only knew
I don't know about my dads farm yet I'm the only one of my siblings with a pot to pee in
We helped them make out their will with the same attorney and basicly it's share and share alike with the one able to buy out the others gets it so it will stay in one piece and in the family.Oh and they also liked the part about no contesting the will
Chas
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  #23  
Old 06/24/06, 03:14 PM
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Join Date: Jul 2003
Posts: 6,722
There's a piece of land near me that the parents left for the use of all their children, but it can never leave the family. Different ones move in and out every now and then and stay for maybe a year or more. So far they've built a lake on the property where they hold family reunions, etc. It seems to work out well for them. Kind of makes me think of it as a private family park and campground. A couple of them have moved mobile homes in for staying in when they are on the land. They grow gardens, and someone has a few cattle running over there. I think it's great. It assures that all family members will always have a place to go if times get bad. The parents paid up the tax on the land for many years ahead before they died, so the kids don't even have to worry about that for a long time to come. I'm checking into doing that with my place.

I have the opposite problem here, all my kids want my place... LOL
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  #24  
Old 06/25/06, 09:21 AM
 
Join Date: Aug 2003
Location: Arkansas
Posts: 5,553
If you are wishing to leave your land to a conseratory, be sure to make arrangement with said conseratory before hand. Also, be sure you are in agreement with their policies of land owership, some will not accept land that comes with "instructions" on what can and can not be done with said land.

Hugs,
Marlene
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  #25  
Old 06/25/06, 10:38 AM
oldmanriver's Avatar  
Join Date: Aug 2004
Location: ky
Posts: 545
There's a piece of land near me that the parents left for the use of all their children, but it can never leave the family. Different ones move in and out every now and then and stay for maybe a year or more. So far they've built a lake on the property where they hold family reunions, etc. It seems to work out well for them. Kind of makes me think of it as a private family park and campground. A couple of them have moved mobile homes in for staying in when they are on the land. They grow gardens, and someone has a few cattle running over there. I think it's great. It assures that all family members will always have a place to go if times get bad. The parents paid up the tax on the land for many years ahead before they died, so the kids don't even have to worry about that for a long time to come. I'm checking into doing that with my place.




Spinner that is what I am lookiing at I want it to stay in the family.. I think there will come a time when the land is worth more than the money it would bring
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  #26  
Old 06/25/06, 12:23 PM
 
Join Date: May 2006
Location: Lebanon PA
Posts: 136
Any grandchildren yet????
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  #27  
Old 06/25/06, 12:30 PM
Ravenlost's Avatar
 
Join Date: Jul 2004
Location: MS
Posts: 24,572
Quote:
Originally Posted by oldmanriver
There's a piece of land near me that the parents left for the use of all their children, but it can never leave the family. Different ones move in and out every now and then and stay for maybe a year or more. So far they've built a lake on the property where they hold family reunions, etc. It seems to work out well for them. Kind of makes me think of it as a private family park and campground. A couple of them have moved mobile homes in for staying in when they are on the land. They grow gardens, and someone has a few cattle running over there. I think it's great. It assures that all family members will always have a place to go if times get bad. The parents paid up the tax on the land for many years ahead before they died, so the kids don't even have to worry about that for a long time to come. I'm checking into doing that with my place.




Spinner that is what I am lookiing at I want it to stay in the family.. I think there will come a time when the land is worth more than the money it would bring
That is what we're going to do with my parents' place.
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  #28  
Old 06/25/06, 01:28 PM
 
Join Date: May 2002
Location: Oregon
Posts: 2,101
I believe in being FAIR to my kids, all of them...and it doesn't matter how many there are..2 or 20. It also should NOT matter who is or isn't "interested" in these things.

What it is, is respect for your kids...equally. My little brother whom I love dearly could care less about animals, wildlife, pets, a farm or ranch, or anything "outdoorsy" but I would never think of him being left out of any inheritance of our little ranch from my folks! No way! That wouldn't be right.

To that end each of mine will get equal shares in this place and then if some want to buy the others out, they may. It's up to them to determine that and how they want to do it.

Just my 2 cents. LOL LQ
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  #29  
Old 06/25/06, 01:44 PM
Boleyz's Avatar
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Join Date: Sep 2004
Location: KY
Posts: 2,053
Thumbs up Exactly!!

Quote:
Originally Posted by Little Quacker in OR
I believe in being FAIR to my kids, all of them...and it doesn't matter how many there are..2 or 20. It also should NOT matter who is or isn't "interested" in these things.
I refuse to bludgeon any of my kids from the grave. When I die, I expect things to change, not stay the same.

I shouldn't expect all of my kids to have the exact same interests that I do. I hope they have the same world-view, faith and values that I have, because I think those things are of eternal consequence....But the Farm? I really don't care...

They can sell it, split it, sub-divide it or whatever they want to do. The only thing I'll do is make sure they have equal shares...
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  #30  
Old 06/25/06, 02:18 PM
oldmanriver's Avatar  
Join Date: Aug 2004
Location: ky
Posts: 545
It was never though that we would leave anyone out there will be enough cash baring any major problems to make it all come out equal Just that 3 Genirations have worked on this property at different times When my wife and I started on it it had been idle for 20 plus years Just so many things here that should be remembered and shared Also I believe that the time will come when the land is all that will matter I have no or little faith in our money it is just paper now , Just the way I feel about it Leave your children enough land to live on and grow some of their food at least they won't starve..
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  #31  
Old 06/25/06, 03:08 PM
Ravenlost's Avatar
 
Join Date: Jul 2004
Location: MS
Posts: 24,572
Quote:
Originally Posted by oldmanriver
...Just so many things here that should be remembered and shared...
This is how my siblings and I feel about our parents' farm. That is where we grew up and where our children have, to a great extent, grown up. It's home. We want it to always be a place where family can come back to.
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  #32  
Old 06/25/06, 03:23 PM
 
Join Date: Feb 2003
Posts: 2,351
Land is wonderful to those that want land, but a pain in the neck for those who don't. The real value of all the generations that have worked a piece of land is the family built there, not the land. Do whatever will most bless those left behind, not fulfill the dreams of the dead.
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  #33  
Old 06/25/06, 03:26 PM
 
Join Date: Jan 2006
Posts: 1,058
Another thing about donating it to a conservation organization... On the news one night they mentioned an old couple who donated their forested acreage to be conserved. The organization then had it logged- and used the money for conservation!!! READ EVERYTHING AND BE CAREFUL. Worth hiring a lawyer to look into it too. Priceless.
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