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Direct Control

Retirement and Estate Planning > Who Will Get Grandpa's Farm > Direct Control

Farmer & Brother - Direct Control

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Direct Control | Indirect Control | No Control | Quiz


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Direct Control Transcript

Richard: Hi John. How's it going?

John: All right. Richard, I wanted to talk to you about the farm.

Richard: What do you mean? Is anything wrong?

John: No. but, Dad and Mom are getting older and I want to get the farm transferred while everyone can still talk about it in a reasonable manner.

Richard: Get transferred? What do you mean?

John: You wouldn't be left out. Your share would be the same as mine, but it would be in assets, and not farm land.

Richard: Well, I guess that makes sense. I can't see myself coming back. What do I get?

John: Mom and Dad have a number of investments and you would get most of those. Your share might be a little less than mine because I have done more than just planting and harvesting.