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Now in 993 land ...
Join Date: Mar 2003
Location: L.A.-> SF Bay Area
Posts: 14,891
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I would split it 3 ways. The kids still can change. Your stable one may go non-linear and the irresponsible one may see the light.
Another way to do it - but that's later in life when they are all done having kids - is go by the number of grandchildren they produced who certainly will appreciate some wealth coming down to them stemming from you. Ultimately that's all that will be left from you in 60 years (I am assuming you are 40+).
I would force the sale of everything and set up trust funds that pay out over time. I am no expert, but if one of them (or two of them who can agree) wanted the farm, they can go buy it from the estate. Same for the classic cars. If all that's left is $ that's split evenly, there is little to fight about. They only will be pissed at you for forcing the sale, which is better than being pissed at each other.
I have seen some ugly stuff when it is time to inherit. Everyone thinks the other siblings got the better deal, no matter if it was the case or not.
That's all I can add - certainly no lawyer advice but what I'd do in your shoes in terms of splitting it up and liquidating the assets.
George
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97 993
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