Posted by Geo-TH,In on March 24, 2021 at 15:58:30 from (50.102.8.122):
In Reply to: Coming to a Cross Road posted by Bruce from Can. on March 24, 2021 at 07:03:08:
Bruce, I'm 72, retired 17 years. I have made a trust for my son and daughter. My estate is debt free. I can't imagine borrowing $1.5M. We will all die someday and the last thing I want to do is leave my kids a large debt. The bank would own my estate, not my kids.
You may want to figure out how to give your kids the dairy, they go in debt, and they can hire you to run the dairy.
Or talk to a lawyer for the best advice on how to pass the farm to your kids. Perhaps get life insurance to pay for the debt if you don't live to 80.
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Today's Featured Article - Listening to Your Tractor - by Curtis Von Fange. Years ago there was a TV show about a talking car. Unless you are from another planet, physically or otherwise, I don’t think our internal combustion buddies will talk and tell us their problems. But, on the other hand, there is a secret language that our mechanical companions readily do speak. It is an interesting form of communication that involves all the senses of the listener. In this series we are going to investigate and learn the basic rudimentary skills of understanding this lingo.
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