Posted by redruff on August 16, 2011 at 09:30:17:
As the Bard has one of his not-so-bright characters say “let’s kill all
the lawyers” and you’re just the kind of guy he had in mind.
So just what did you get from auntie in return for your family
generosity and thoughtfulness? A deed? Mortgage? Anything written
and signed?
Maybe not too late to talk to a good business lawyer if auntie still
remembers you 
Iowa Land Trust - Posted by Larry
Posted by Larry on July 11, 2011 at 13:24:03:
Okay guys i need some ideas…
My Aunt was losing her property worth $38k i paid off her loans and agreed to pay her $300.00 per month for life to help out,not worried about over paying her, she is family…(thinking about putting the terms on a promissory note and place in a land trust with my uncle, her brother; as the trustee i paid out $13,400.00 so far.
Now if i place it in a land trust and if she passes away will i get hit with inheritance taxes as the beneficiary?
Also thinking about placing all my properties in seperate land trust then assign them to a living trust…
is this the best way to go?