Oskaloosa, Iowa 52577 | No IRS rules of which I am aware.......but......… from an economic view, if I were the seller, and I was tying up the land for a number of years, I would probably want a significant %,,,,,,,,say, maybe 10%? 5%? from a legal perspective, if I wanted to make sure the beneficiaries could not overturn it for being frivolous, and maybe taking advantage of a "senile" individual, I would want to make it significant...…...again, maybe 10%? This would be something for the attorney to rule on...…...and I would get it in the form of a letter, so his malpractice coverage would cover in the event a dogfight occurs. |