Fwd: Re: [AT] OT Irrovicable Trusts and Land and Family...

[Phil Auten]

As much as I hate to say it (I don't like lawyers much) I must agree 
with farmer on this one.
Talk with folks at your church, school,work, etc. and get the name of 
a "good" lawyer in this field.
It will save you money in the long run.

Phil


>Delivered-To: pga2 at hot1.net
>From: "Indiana Robinson" <robinson at svs.net>
>To: Antique tractor email discussion group <at at lists.antique-tractor.com>
>Date: Fri, 18 Aug 2006 10:12:55 -0400
>Subject: Re: [AT] OT Irrovicable Trusts and Land and Family...
>
>On 18 Aug 2006 at 11:04, william.neff.powell at comcast.n wrote:
>
> > Hello,
> >
> > Some what tractor related in that I use some tractors on some 
> family land that we are trying to sort out..... We have an 8n, WD, 
> and D2 that we with on the property.
> >
> > My Father and Aunt owns the land that was inherited from my 
> grandfather. My Aunt has ended up in financial distress and wants 
> out of the land. It is 100 acres with a cabin and a fair value is 
> $1000.00 per acre. The land is owned under "Right of Survivorship" 
> (Thats another story...)
> >
> > My father wants his four children to buy into the Aunts half. We 
> talked about some ways to set it up and we are leaning toward a 
> Trust. When my father passes his half will be equaly distributed 
> into the trust.
> >
> > Has anyone done anything like this? I want to make sure this is 
> done right before I sign off on the deal. I am trying to write up 
> bylaws to spell out usage and every eventuallity that may occur. I 
> want to avoid any arguments after our agreement. There are some 
> strong opinions amoung the 4 children but in theory we all want the 
> same outcome.
> >
> > Does anyone have bylaws that work for multi trust membership?
> >
> > Any information will be helpfull..
> >
> > Regards,
> >
> > Will Powell
>
>
>
>         Lawyer...
>
>         I am the biggest do-it-yourselfer around but in this case
>  the answer is "lawyer"...
>
>Note: I used to be a licensed real estate broker...  talk to a lawyer...
>
>
>--
>"farmer"
>
>"The greatest mistake you can make in life is to be
>continually fearing you will make one."
>Elbert Hubbard (1856 - 1915)
>
>
>Refurbished Shopsmith's
>Good used SPT's
>http://www.indiana-robinson.0catch.com/
>
>
>Francis Robinson
>Central Indiana, USA
>robinson at svs.net
>
>
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