Posted by nrowles on December 16, 2018 at 06:26:45 from (184.5.171.87):
My 94 year old great grandmother is in a nursing home at $11,000 a month so it's time to sell the farm. The story I got was my great grandfather worked day and night 7 days a week for a man that had numerous businesses and 1000+ acres. When the man passed away, instead of letting it to his kids he gave it to my grandfather for the years of hard labor. This was in the 70's. I've only ever remembered the 230 acres that remains. Over the years especially as they got older they sold chunks here and there and the 230 is all that is left. Grandma is out of cash and the rest of it has to go. No more Thanksgivings on the farm. No more deer hunting in the woods. No more no more.
If there would have been proper estate planning years ago this would not be happening. It could be left in the family. Something for you older gents to think about.
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