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The Water Cooler
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Death in the family and inheritance.
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<blockquote data-quote="SoonerP226" data-source="post: 3964218" data-attributes="member: 26737"><p>I’ll second the recommendation for talking to an attorney who specializes in wills and trusts/estate planning. With that much land, this is going to be a big estate, and may even be big enough that inheritance taxes are going to be a factor—even if you only assess the land at $1K/acre, which is insanely low these days, you’re looking at $2M in dirt alone.</p></blockquote><p></p>
[QUOTE="SoonerP226, post: 3964218, member: 26737"] I’ll second the recommendation for talking to an attorney who specializes in wills and trusts/estate planning. With that much land, this is going to be a big estate, and may even be big enough that inheritance taxes are going to be a factor—even if you only assess the land at $1K/acre, which is insanely low these days, you’re looking at $2M in dirt alone. [/QUOTE]
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Death in the family and inheritance.
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