Disowning Family Members

jeff alder said
Without a doubt. You guys are in deeper than I was. It seemed simple to me as the proceeds of my mom's estate went into 3 trusts that theoretically could only be drafted from once a year at a fixed amount. The farm made that much to meet the payout and keep the land and homesite. The estate lawyer had retired before mom's passing but at a similar time so there was no one to monitor their behavior. Once it was divided into 3 separate trust accounts they had the whole lump sum of their 1/3. The real kicker to their stupidity is if they would have taken the correct payout and kept the property the land would be worth around $2,000 more an acre right now. IDIOTS

Exactly. We have talked about just that. My BIL that is farming the land is 62 and won't be farming the land forever. He has already sold off the hogs (1000+ head) and is cycling out of the beef cattle to make it just grain farming and more of a 1 man operation. When he retires I hope all the land get's rented out and not sold, and there will be a steady income for the 4 of them. They don't make more land and the value keeps going up.