Posted by JDseller on July 31, 2010 at 20:08:39 from (208.126.196.117):
In Reply to: I'm bummed out,,, posted by Popinjohn on July 31, 2010 at 05:28:07:
The original 360 acres on my farm has been in my family since 1837. I have put it into an Agriculture trust. Each generation after me will get the use and income but can"t sell it or allow it to become encumbered. If they don"t pay the taxes then the farm trustee will generate income through rent and keep them paid. I also have the whole farm enrolled into a farm land preservation plan with the county. My family has struggled to pay for this farm. I paid off my siblings. I will not chance that some one down stream will be too lazy to keep it going. I don"t require that they do the work themselves but they can still own it and rent it out. The Tuttle family will find out how little of that three and a half million they will get to keep after taxes. The three of them will get about 7-8 hundred thousand each. When they live on that it will disappear pretty fast. My youngest brother had a child die due to a doctor"s mistake. He and his wife got 1.6 million after the lawyers where done. That was ten years ago and all of the cash money is gone. They still have the real estate they bought that is worth about a third of what they got.
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