Spooky, scarey skeletons 🦴 But a real warning when you inherit land and the title officially changes names… The wolves come out of the woodwork. Perhaps its just a coincidence, but its always worth putting your guard up in these scenarios. Because many times they are looking for a deal to flip the land. It should be noted, Im referring to those offering a “fair cash value”, not those simply marketing land selling services. And so it is of the utmost importance you can confidently stand for your land, to manage and maintain your land… Otherwise their scare tactics and promises can seem very appealing and lead you to make a decision in haste. And for 40 days im offering FREE services and insight to all my trainings and experience to help prepare you to confidently stand your ground and make the RIGHT decisions for you, your land, and your family. Comment RADICAL to receive the link! #christianbusiness #forestry #landownership #inheritance #landandladies #land
What landowners should be doing at the time of transfer is establishing their tax basis in the timber separate and apart from the land, and if they have not done so, they should be holding the timber for at least a year to qualify the timber sale proceeds for capital gains. And with hardwoods any sale they conduct early in their tenure should be a Timber Stand Improvement. As Willy Wonka may have paraphrased those cited Proverbs "Don't get over excited. Don't lose your head, Augustus..."
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3moIt's so true! When it comes to land ownership, staying informed and standing your ground is key. Thanks for offering such valuable support and insights.