Under some conditions, if there is a lease between family our Uncle will re-rate it at normal value and charge taxes accordingly, they veiw some such leases as a sweetheart deal between family as an effort to escape taxes.....
Not saying thast is the case here or that it would be viewed as such, but another thing to be mindful of.
Permanent buildings on someone else's land are a bit of a paperwork hassle. Many's the time I've heard of dad passes away unexpectedly, the siblings & inlaws get into a brawl over who owns what, how the one kid gets his builds but the land is divided equally.... Just for example. Sad how family gets towards each other, but human nature I guess.
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Today's Featured Article - Grain Threshing in the Early 40's - by Jerry D. Coleman. How many of you can sit there and say that you have plowed with a mule? Well I would say not many, but maybe a few. This story is about the day my Grandfather Brown (true name) decided along with my parents to purchase a new Ford tractor. It wasn't really new except to us. The year was about 1967 and my father found a good used Ford 601 tractor to use on the farm instead of "Bob", our old mule. Now my grandfather had had this mule since the mid 40's and he was getting some age on him. S
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