I have never been so happy in my whole life.

I have never been so happy in my whole life.
by Rudy36 (2013-01-03 16:58:16)
Edited on 2013-01-03 17:00:51

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Some of you may remember that I recently found out my great aunt, whom married into the family, owns the original two parcels of land my family purchased in this great country of ours. I have tried to convince her to sell it to me or to work out a predetermined sale upon her death. The first 20 acres purchased is a forest that has been in the Certified Family Forest program for the past 70 or so years. The other 80 acres is a farm. She told me should would not sell the farm, but let her heirs know that I'm a buyer when she dies.

This morning, she told me that she would deed over the 20 acres of forest if I promised to keep it in the conservation program and leave it to one of my boys that has a boy. She's giving it to me. The first 20 acres my family bought in this country in 1879. For free.

Now she just needs to stay living long enough to sign the paperwork when I get back from Florida.

God is good. Go Irish. Beat Everybody.

Edit: If you know me in real life, please keep this quiet. I have quite a few relatives that would like to have the same ground. She's entrusting my family's legacy with me and I'm over the moon and had to tell somebody!

Well, as of dec 28 i do now. He purchased in 1907. It's a good time to know that one is in the home of over 100 years of relatives and read the guest books from summers in, say, 1923, and know that I'm essentially doing the same things on the beach they did then, knowing from photos that little of the scenery has changed,. Some things are timeless.

and off to the mill. Then sell the land to a developer or the rights to a fracking co.

When you show up at Easter brunch at your relatives, laugh wildly when you pull up in your new porsche.

bb gun wars

keg parties

etc

My grandfather used to own the property that is now Madeline Bertrand County Park outside of Niles. Every time I go there, I wish it had stayed in the family.

horse piss you offered to brewcitydomer and me.

I loved the stuff....made him hurl (I think)

See you at the game? We spent Fuck it money to go....

Skol Vikings.

so wifey and the other two boys can try it.....

reputable attorney take a look.

Congrats, m'man. Really good news. It'd be cooler if she had buried $7.4 million in gold coins, but this is pretty good, too.

I don't want you bitten by the tax man. Actually, your aunt may be the one taxed. I'm guessing the land appraises at more than $13,000.

There is a lifetime exclusion of $5,000,000 (adjusted for inflation each year).

I would still suggest that Rudy runs this past her tax people.

Because it's in that conservation program she only pays $20 a year in property taxes. If the land is kept in the program, same deal for new owner.

I would love my grandparent's house. Nothing amazing but my grandfather built it. They have passed, but my aunt lives there now.

...even more beautiful if you have Buck (or some other fine IN attorney) read the papers so it's heir-proof.

The Classified Forest program in IN is pretty good, from what I've heard about it. On the off chance you hadn't seen it, the state website is here.

I mean yes, we will honor her wishes.

...then write in CCRs that prevent selling the timber, and the value should be about nil for tax purposes...hypothetically, of course.

THUNDERDOME!

This is their story.

That's all I've written so far.

I know how it ends.

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