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Re: Unique situation with parents


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Posted by c-man on May 13, 2014 at 07:27:19 from (68.69.88.248):

In Reply to: Unique situation with parents posted by c-man on May 12, 2014 at 22:19:10:

We have all been to a very competent accountant, (he has been our accountant for 40+ years, so he knows our operation and situation) and have a competent attorney. Mom and dad went into this knowing something needed to be done to protect the farm. I think when we went the first meeting, they wee expecting to just be able to rent the place back to us boys, and things would go on pretty much like always. The second meeting the accountant tells them that they are basically giving away EVERYTHING they have, minus their car and personal items. Now that the "ball is rolling" in getting things finalized, I think the finality of it is sinking in with them. There is a different feeling when we visit them in the mornings. We transferred the cattle brand from them to us the other day, and when they signed the paper giving their cows away, it hurt me SO BAD. I cannot imagine what must have been going through their minds. I know we are lucky to be receiving this opportunity, but it just doesn't feel right. They have a long term care policy. Of course it isn't quite big enough, but it is pretty adequate. Other two siblings are 100% on board with what is happening. Neither one of them has any desire for any part of the farm or ranch, nor need the money. Parents have told them since we have helped them keep the farm, we are going to get it. Parents need to take care of some carry over income from last year, so we are getting a beautiful growing wheat crop and a fully calved out calf crop, with most of the expenses paid for. I know it should be a dream come true, but the feeling I have is similar to when my best friend from high school was killed in a car crash a year after getting out of high school. Seeing mom and dad giving away their life's work is just really painful to me. I suppose it would seem like a huge relief to them to not have to worry about if it is going to rain enough to finish out the wheat crop or if there is going to be enough grass to last the rest of the summer for the cows, but they will worry for us. That is just the way they are. They have NO desire to do any traveling, don't want to move to town and join the coffee club at the local cafe. They were very content to look out the window and watch the heifers growing in the corral and going out to look at the water tanks in the pastures and drive past the growing crops. Don't know if they will still enjoy doing that now or not. Thanks for letting me vent on this situation. I know it is their decision, but I'm not sure if they REALLY want to do it or not.


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