Re: O.T. Legal Opinion??

Posted by Mike(Wi) on September 10, 2004 at 10:51:53 from (66.170.11.19):

In Reply to: O.T. Legal Opinion?? posted by 70 Mo on September 10, 2004 at 10:30:39:

I would NOT will the farm to both boys as joint tennants. That seems to cause problems down the road.

I would suggest possibly setting up a revocable trust and placing the farm in the trust with you as trustee. Upon your death, your two sons could take over as trustees. This will allow you to have some control over how that asset will be handled after you are gone.

Whatever you do, DON'T just take advice from someone like me. Get a good lawyer who knows the laws of your state, and pay him well to handle this properly.

Good Luck to you.

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