Homestead mailing list

["Lynn Wigglesworth" <lynnw1366 AT hotmail.com>]

From: "VAN DELL JORDAN" <vdjor AT yahoo.com>
> I'm putting my land in a living trust.  After I die my sons will become 
> the trustees.  One son will be living on the land and so it is possible 
> that the land will stay in his line.  Though I'm hoping that I will have 
> 30 years yet to rethink, depending on what the grand kids are interested 
> in.
> Van Dell

How does that work? If one child uses the land, what does the other get as 
an inheritance? I have two kids, but only one is likely to stay on the land. 
I'd like to set it up so they each get something and don't have to jump 
through hoops after I'm gone.

I'd also like to see the land stay as a farm, but neither kid is interested 
in farming. My daughter, given her druthers, would have the farm become a 
rescue shelter for every animal that happens by. I don't think I'll mind 
that, once I'm dead.

Lynn Wigglesworth
Tioga Co. PA