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Farm rental from father to son
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Steigermorepower
Posted 9/26/2020 13:44 (#8516171 - in reply to #8515575)
Subject: RE: Farm rental from father to son


This is a very very very common question.
A good attorney in wich you should already be building a relationship with and a good accountant.

All these people need to have practical experience from there personal experience.

At the end of the day you and your Dad are pulling the trigger.

There’s risk everywhere.
You get a divorce buying xyz.
Your Dad goes into rest home.
Your projecting what your risk might be.

Really a corporation with shares is common.
Gifting those shares. Gifting not buying.
There’s reasons for this.

If there’s wolves around even talking here is not a good idea.

All the way from Brain fog to the meds can null a contract. That’s about prolly 80% here..

Speak to a account and lawyer that farms and knows there stuff.
A moment of clarity sometimes is all that’s needed.

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