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Archive for the ‘Partnerships’ Category

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 to 949 [...]

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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 not probate [...]

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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 with [...]

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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 sitting atop [...]

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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 the [...]

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