Your cousin is trying to stake a claim to the farm. Not that he wants the land, mind you, but he knows what the property is worth.
If you do nothing, I can pretty well guarantee what will happen. When your grandfather passes on, cousins will come out of the woodwork and even if your purchase agreement holds up, you will go through more aggravation that you can imagine.
This is a pretty clear case where you need professional assistance. Ask around for the name of a good lawyer who specializes in estate planning. You need to make sure you have an iron-clad arrangement with your grandfather. And don't put it off; even if Grandpa lives for many more years, your cousins could later claim that he was not competent to make decisions.
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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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