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Join Date: Feb 2001
Location: USA
Posts: 3,238
Question Thoughts on making a will: Question to the Brain Trust

Looking for ideas, creative is good as well, on the making of a will.

There is a need to make a will to divide up worldly goods.

There is a small farm with a large home, two classic cars, some equipment, some savings, some life insurance, some furnishings and such.

In the family are three children:

Oldest makes a substantial income, significantly more than anyone else combined, never has any money, always begging for money, could not afford $800 to repair their vehicle's transmission. Has zero interest in farm but wants the money. Unstable relationship. Zero planning for the future, no savings.

Middle child makes a sufficient income, has supplied time and money to farm, cares about farm, stable relationship. Saving for future.

Youngest child just graduated from university with zero debt. Has supplied time and money to farm and cares about farm. Young, just starting out and planning on marriage. Has put a small amount of money away while a student!


Ideas that have been thrown around from friends, family, attorneys:


Donate farm to charity and force sale on all goods and divide money three ways.

Force sale of farm and all goods and divide money three ways.

Put everything in a trust and give equal shares to all children.

Put farm in trust for youngest two children, divide remaining equally amongst all three.

Allow two youngest children to divide up farm and divide remaining equally amongst all three.

Put farm in trust for two youngest children, provide enough money to off-set value of farm to third child, divide remainder evenly amongst all three.

Provide a set sum for oldest child and let remaining two children divide everything amongst themselves.


I am sure there are thoughts, opinions, and better ideas. Now is your chance!
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Old 06-01-2011, 07:04 PM
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