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<blockquote data-quote="stevew" data-source="post: 201354" data-attributes="member: 130"><p>The IRS would look at the value of the known oil underneath.&nbsp; You hit on the very issue many small businesses have - sell or their kids have to finance the business to pay the tax.&nbsp; I don’t know when she inherited it but there have been times when it was different, like in 2010 it was zero.&nbsp; And there are trusts which could be used.&nbsp; Plus maybe less was known about how much was down there way back then.&nbsp; As far as I know inheritance and gift are the same, but maybe not always.&nbsp; I’m going based on second hand info.&nbsp; Just over all it’s unrealistic to think she’d give that much to one kid.&nbsp; Even if he was to protect the land would his grandchildren forgo billions to do so?&nbsp; In such a case Bobby’s grandchildren get billions in oil and JR and Gary’s don’t.&nbsp; To top it off it’s not like she built the place.&nbsp; She got it from her had who got it from his.&nbsp; And she was so willing to give it to her brother but cut out her 2 sons and not for a charitable cause but to benefit Bobby?&nbsp; JR would have tied that up in court for years.&nbsp; That’s the kind of change I get that just didn’t need to happen.&nbsp; Poor writing left behind the very foundation of the story which shouldn’t have changed.</p></blockquote><p></p>

[QUOTE="stevew, post: 201354, member: 130"] The IRS would look at the value of the known oil underneath. You hit on the very issue many small businesses have - sell or their kids have to finance the business to pay the tax. I don’t know when she inherited it but there have been times when it was different, like in 2010 it was zero. And there are trusts which could be used. Plus maybe less was known about how much was down there way back then. As far as I know inheritance and gift are the same, but maybe not always. I’m going based on second hand info. Just over all it’s unrealistic to think she’d give that much to one kid. Even if he was to protect the land would his grandchildren forgo billions to do so? In such a case Bobby’s grandchildren get billions in oil and JR and Gary’s don’t. To top it off it’s not like she built the place. She got it from her had who got it from his. And she was so willing to give it to her brother but cut out her 2 sons and not for a charitable cause but to benefit Bobby? JR would have tied that up in court for years. That’s the kind of change I get that just didn’t need to happen. Poor writing left behind the very foundation of the story which shouldn’t have changed. [/QUOTE]

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