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Dealing with the aftermath of brain cancer
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lawfarms
Posted 1/11/2019 09:00 (#7237039 - in reply to #7236011)
Subject: RE: Dealing with the aftermath of brain cancer



King City, Mo
Do you have the farm setup as an inc or multiple member r llc?

Simplest would be the other two go from 1/3 to 1/2 ownership each by each buying your wife out.

To make it easy on your brothers and ensure your wife has income maybe have it where it’s $xxxxx each spring and fall for 15-20 years after your death.

They won’t be pushed to borrow a bunch of money and your wife is take. Care of.

Determineing the value of what the farm is worth and being able to keep it In the family is the witch part.

You could have an appraisal on the land done now and say that’s good enough for the next 5-10 years if all agree. The equipment values could be evaluated each January?

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