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Personal Finances / Can I Afford It?

URL:  http://boards.fool.com/this-sounds-like-they-want-to-do-some-do-it-26672837.aspx

Subject:  Re: Buying land from parents Date:  5/22/2008  4:48 PM
Author:  reallyalldone Number:  3 of 20

This sounds like they want to do some do it yourself estate planning which is almost never a good idea. I would post the question asking about tax and estate implications on the tax board - http://boards.fool.com/Messages.asp?mid=26669453&bid=100155

Other concerns - having the lot surveyed and deeded separately and understanding that the taxes are based on the value, not the price.

rad
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