Before going blind into this check out how much the gift taxes are then the inheritance taxes. You will be surprised as they are both quite high. To get around this we put the land into a trust to our friend when he gets it's he cannot sell it but he can leave it to his children and they can do what they want. It's working for us and would be another way to look into. Ol John T is a lawyer he won't tell you anything without being payed for it. Although I like some of what he says I don't like the beating around the Bush as he does in these cases. Walt PS sorry John.
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Today's Featured Article - Reflections of the Fifties - by "Country" Elliott. I remember rowing up in the 1950�s in a small, rural town in northwestern New Jersey. The closest town to ours was only 3 miles away, and there were seven dairy farms in the areas of these two country towns. We had 5 acres, and because my Dad was a salesman and not a dairy farmer, he let the Bockovens, who owned the Willow Tree Dairy farm most of our land.
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