Posted by MFPoor on November 14, 2012 at 09:50:34 from (72.4.0.230):
In Reply to: Conservation easement posted by goose12 on November 14, 2012 at 09:22:26:
I've set up where the large part of my ground will be placed into a blind trust with specific family members having control once me and the Mrs are gone. Family will have access to most of the ground, but local 4H and FFA will receive share of the proceeds of land rental (over and above cost of ownership). University of Kentucky School of Agriculture will have final say in how it will be farmed. Agreement is for 99 years beyond date of my death. Then property reverts back 100% to family. It's rather complicated, but at least I know land will be farmed, not sold, and a couple inlaws won't get their hands on anything I worked hard to get, while family can still enjoy the place. Check back in a 100 years or so for how this all works out. :)
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