RE: situation

Posted on: April 10, 2025 at 06:12:16 CT

There is a different situation that occurred in our family. My Great, Great Grandmother's estate wasn't substantial. Only 200 acres, two houses, livestock and a little cash. It had been left to her after the end of the WBTS/CW by her father, my GGG Grandpa. There were Southern people. She died in 1931. My GG Grandpa was the eldest and most successful of five siblings and he was the executor. The farm was to be split between four of them equally. One of her daughters, was estranged from the family, she had been widowed with no children and had left the area. Apparently, she had remarried into a family down in the southeastern Missouri Ozarks. I believe the family was from Shannon County. The daughter hadn't visited home or been heard from for many years and she had died down near Van Buren. Somehow, her Shannon Co. family heard of the death of her Mother and they came up to northwest Missouri and put in a claim for a share of the estate. They claimed they were the estranged daughter's heirs and that she had left her share of the farm to them. Rather than letting these strangers gum up the works and hold up settlement and disbursement of the assets, my Grandpa made a deal and paid off the Shannon Co. people with a minimal settlement and they were satisfied. He decided to pay off the other siblings, two brothers and another sister as well and he ended up with the farm. Twenty years later he sold the farm to my Dad, his favorite Grandson for $70/acre. Dad sold it to me in 1990. I'm the sixth generation of the family to farm and own it and wouldn't think of selling it. The capital gains tax would be substantial.