Posted by JML755 on April 25, 2013 at 05:12:57 from (97.78.165.185):
I've got a couple of properties (acreage and a 2nd house) besides my current home. I'm planning on typing up Warranty Deeds to add my kids (keeping my wife and I on as well) as Joint Tenants with Rights of Survivorship.
From past experience, I've found this is a good way to handle assets w/o going through probate. When an aunt passed away, I was able to sell stuff, divide it up to the heirs w/o any hassles.
Talking to some people, trusts are another way to handle this and I was wondering how you guys have handled this now or in the past. With the exemption at over $5mil, I'm not too concerned about estate taxes, but just wondering what method makes it easiest for heirs to deal with the assets.
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Today's Featured Article - Harvestin Corn in Southern Wisconsin: The Early Years - by Pat Browning. In this area of Wisconsin, most crops are raised to support livestock production or dairy herds in various forms. Corn products were harvested for grain, and for ensilage (we always just called it 'silage'). Silo Filling Time On dairy farms back in the 30's and into the first half of the 40's, making of corn silage was done with horses pulling a corn binder producing tied bundles of fresh, sweet-smelling corn plants, nice green leaves with ear; the
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