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Tractor Talk Discussion Board

Re: Keeping family farm in the family


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Posted by redforlife on November 02, 2021 at 09:14:38 from (174.210.130.38):

In Reply to: Keeping family farm in the family posted by DLMKA on November 02, 2021 at 08:16:58:

Well, to be honest, legally it is
still your uncles. He could even take
your moms name off the will, and do as
he pleases so to speak in those
regards. If your mom doesn't need the
future money that this could possibly
generate for her in the future, and
she doesn't have an interest in the
burden of owning the property, perhaps
your uncle could set things up
differently in his will. This would
have to be talked about with both of
them, preferably together at the same
time and place. Because 1. it is his,
and 2. your mom is currently his next
of kin and legal error.
Bad part is, the government can come
after estate money/property if medical
bills and care facility bills are
racked up before his death. Things can
be set-up to prevent this from
happening, but those are time
sensitive and should be done years in
advance. That's not something that can
be done the day before somebody goes
to the care home.
Talk to your uncle and mom. Preferably
together at same time, and if they
want to persue something different,
then you'll need to get a local lawyer
involved to further advise you. Your
other siblings should probly come into
play for thiet thoughts at that time
as well. If not, then that'll just be
future problems in itself.


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