Before going blind into this check out how much the gift taxes are then the inheritance taxes. You will be surprised as they are both quite high. To get around this we put the land into a trust to our friend when he gets it's he cannot sell it but he can leave it to his children and they can do what they want. It's working for us and would be another way to look into. Ol John T is a lawyer he won't tell you anything without being payed for it. Although I like some of what he says I don't like the beating around the Bush as he does in these cases. Walt PS sorry John.
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Today's Featured Article - New Life for an Old Allis - by Tyler Woods. My friend Jon, has an old '39 Allis Chalmers B. He thought it a marginal tractor that had long since served its time. She smoked terribly and never had much power but he couldn't afford another so he was limping along with what he had. Jon's Allis has a small front loader and though it doesn't carry much, it serves his needs. It was the hard starting and low power that made him think it was time to replace the old girl. Jon called me to help him discover why his tractor wouldn't start
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