Oh.. BTW I'd break it up into 3yr 5K payments... his new wife may be long gone in 3 yrs anyways? who knows?

but personally I wouldn't divide any property up where it is recorded.. Land sells better when it's all lumpy together...

Hog

I think that the gift limit is per person so he could gift the rest to Mrs TV? I'm no accountant either But unlike the rest of you, I can count to 12 on my fingers.

andy, my soon to be ex is a manager of a title company. i ran this by her, and she doesn't have enough info. she would though, be happy to talk with you thru e-mail, as she likes dealing with challenges, and new stuff, not the same old grind. if you want her professional advice, e-mail me.

email sent

gotta get back to work. will check in tonight.

Andy,

Call me later. Going through similar situation with property next door as I am attempting to buy out partners and have paid attorney to give me the scoop. Problems can arise with tax assesments for updated property taxes. Have some other info you might like to hear.

Andy,

Call me later. Going through similar situation with property next door as I am attempting to buy out partners and have paid attorney to give me the scoop. Problems can arise with tax assesments for updated property taxes. Have some other info you might like to hear.

Sounds like a money making scheme to me....40 acres. You get 20 he gets 20.....divide that into 5 acres parcels.....Cha-ching!

I'll talk with you tomorrow Mike......I'm wiped out from a wek of dealing with dummies right now.........I got a shipment of FL citrus from Mom yesterday so I'm drinking Citrus Gin Rickeys....and I'm getting drunk.

I've got a 40 oz of icehouse in me right now, so it's best I stay out of this family squabble . . . Good Luck To You . . . I love your lake . . .