You are in a delicate situation here. You have already made the commitment to the brother and he may not be so understanding about your concerns. You have to broach on this some how and maybe a neutral party can help get the discussion going. On the other end of what you mentioned it is too early to say your brother's fiancee is coming in with an itch to make trouble. When it comes to human emotions there is no safe answer here. The hard cold reality for you is that if things turn sour there is the great likely-hood you could lose financially. As far as your question on the LLC that is one of the reasons I say there is no magical solution to your problems. Lawyers have gotten quite adept at working around them to meet their objectives. I hate to say it but now is the time to think about splitting the assets between family members based on contributions. You and your brother can continue to consult with each other as far as equipment acquisitions and one can purchase certain pieces while the other handles the balance. If you can get to this point with your brother on this plus the ground then you will have a framework going forward on new land purchases which could be split evenly with separate deeds for each brother.
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Today's Featured Article - My Ford Golden Jubilee - by Troy Estes. This article is about my '53 Ford Jubilee and a story that starts with taking the tractor to my brother's Starter/Alternator Rebuilding shop for a wiring fix. The generator was shot as well as all the wiring. I dropped off the tractor expecting a transformation from a 6 volt to a 12 volt system utilizing the original generator housing, and a total rewiring of the whole tractor. The front end center pin bushing was worn also so I ask that they replace it if they had time. Well, that’s wha
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