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Archive for the ‘Partnerships’ Category

  I recently received the following email. The question was so appropriate that I decided to make a post on the topic.  Good morning Rich,            I bought a 100 acre property here in Ontario, Canada in January with three partners. We have known each other for over 25 years and have hunted together forever. We [...]

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The situation Ten parcels of ranch property owned by one partnership with about 25 members, one LLC with three members, a family trust with 20 heirs and four individuals including one who was deceased and still on title.   That was the status of our ranch in year 2003. We owned an undivided interest equivalent [...]

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When initiating our partition action, we knew that one of the owners had died unexpectedly, but we didn’t know the rest of the story – that he died intestate (without a will), that he was married and that his estate had not been probated even though he’d be deceased for over ten years.   We could [...]

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During 2003, thinking it was a good time to buy a property to suit my own investment needs, I scoured the multiple listing service for an attractive buying opportunity.  On one occasion, I found a property that seemed to be listed below market value.   The property listed was advertised to be a 32-acre site [...]

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  (Caption: The size of the pond and the catch vary with ”the beholder.”) The small sycamore tree stood atop a 20 foot high mound where it had been spared by quarry equipment. It remained an island in an otherwise barren gravel pit. From our vantage point, my brother, Rob, and I could see a valley quail [...]

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Went duck hunting this morning. Mainly to get my young pup out for her second hunt. Didn’t get up early, just left my house about 7:00 AM – not your typical duck hunt. Fortunately the weather was cool and foggy, ideal for a late start. I expected a couple of my partners would be at [...]

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