Way to many variables to answer that one. In our area there are a group of Lawyers and life insurance pros that have grouped together to do just this kind of estate planning. Ou8r personal situation did not require additional purchase of life insurance but did require a change in how our land was titled and a very specific will with trust provisions. Our cost as I remember was about $700 for the total. We learned a lot by going to an estate planner specialist who knew the state and federal estate provisions. Don't waste your money with a general practitioner lawyer. See estate lawyer.
As far as the life insurance it is appropriate in cases where parents want to divide an estate equally among heirs but, don't want to see the farm sold out from any heirs that have an interest in holding on to it.
Our situation today makes me think that I should drop my life insurance and put the money towards disability insurance. wife does not need the extra life ins. but, i could forsee that their is a lot of risk if I were to be disabled for 3 or 4 months.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - Gatherin of the Orange - by Rick Nikolich. In July of 1998 I was talking to fellow Allis Chalmers collector Mike Schilling about the annual "Gathering of The Orange" AC show coming up in August of 1999. He got this wild idea that we should get a convoy of AC tractors and drive them from Charlotte, Michigan 105 miles to LaGrange, Indiana.
... [Read Article]
Latest Ad:
Sell 1958 Hi-Altitude Massey Fergerson tractor, original condition. three point hitch pto engine, Runs well, photos available upon request
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.