Posted 11/8/2012 06:58 (#2685362) Subject: Inheritance on farmland..when to set up a trust?
near dyersville iowa
Ok..I didnt want to hijack the other thread so here goes. Im 40, married and have 2 girls who are 9 and 5. I purchased a farm 2 years ago from my parents. Now when would be the right time to set up a trust or something else in case I die, my wife dies, or worst case we both die? Farm is worth way more than what I bought it for, land has gone up probably 25% in my area since I bought the farm. If something happens, I just want my kids to have the best life possible..