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Estate planning or lack thereof
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dairyman78
Posted 10/15/2014 19:05 (#4128518 - in reply to #4127455)
Subject: RE: Estate planning or lack thereof


S.C. Wisconsin
My advice is to have yearly meetings with a good attorney and maybe an accountant. Things change in life and a person has to be prepared. Any verbal agreement means nothing when one of persons passes away. I know some fellows who worked for their parents for peanuts with promise of someday they would get the farm. Nothing was in writing and the parents passed away the family moved in for the kill and the poor guy who worked so cheap only ended up with his share of the estate. In most cases it wasn't enough equity to buy the farm.
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