Homestead mailing list

["Lynda" <lurine AT com-pair.net>]

If someone wants to live on it and work, they can.  If not, then it is to be 
sold and the money put in trust for future generations to "assist" with 
college.  The "assist" is carefully spelled out.  There is a bank down in 
Wine Country that is very good at setting these up.  In fact, the founder of 
the bank did that with all his assets.  So we have even spelled that out in 
the will.

Lynda
"Facts do not cease to exist because they are ignored."  Aldous Huxley

----- Original Message ----- 
From: "Robert Walton" <waltonrp AT gmail.com>


> Hey all,
> Maybe this is a twist on the "teaching kids" thread.
>
> I'm going to be 49 this year, so I'm at the point that my mortality is
> evident. I have no kids.
>
> I have not changed my will since I've owned my homestead.
>
> If I die before my mom, I'd leave the homestead to her. She could sell it,
> rent it or use it, but I'd never want to leave her without something. I'd
> probably encourage her to rent it to someone that would farm it.
>
> Assuming I outlive my mother, the next family are my brother and
> sister, nieces and  nephews. I figure I've got at least another 10 year in
> me, probably and hopefully more. That places the ages of nieces and 
> nephews
> at 20 to 30 maybe older.
>
> I really don't want my land to go to the highest seller when I'm dead. I'd
> rather it go to someone who wants to homestead it and continue my work. I
> really don't care whether it goes to family, I'd prefer them, but rather 
> it
> go to someone that will care for it.
>
> What I do not want to happen is for this place to get sold off to the
> highest bidder and a bunch of groveling nieces and nephews walking off 
> with
> their loot.
>
> I'm interested in what other's plans are for passing on their homestead 
> when
> they die.
>
> Rob - Va
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