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<blockquote data-quote="stevew" data-source="post: 201969" data-attributes="member: 130">Now things get complicated and I’m not a lawyer. There are ways to leave it to Christopher but of course taxes have to be paid.&nbsp; For instance Sam Walton left his family what to say is close to 200 billion dollars.&nbsp; Of course their assets, Walmart stock, continues to generate income capable of paying any tax.&nbsp; South Fork without drilling wouldn’t be able to and it seemed they had no other assets.&nbsp; Miss Ellie wasn’t perfect but she was smart.&nbsp; She’d have left the land to a foundation with lots of money.&nbsp; Stripped it of its development rights so it would forever be open, undeveloped land and tied up the mineral rights with it if she was so inclined, though I think a better option would be limited drilling.&nbsp; Then the house would be a separate piece, as would the cattle business (with a perpetual lease of the land for something like $1).&nbsp; She could leave the house to JR and the business to Bobby and Gary and her personal jewelry and things to Lucy and Betsy and then some things to her grandsons and be done with it.</blockquote>

[QUOTE="stevew, post: 201969, member: 130"] Now things get complicated and I’m not a lawyer. There are ways to leave it to Christopher but of course taxes have to be paid. For instance Sam Walton left his family what to say is close to 200 billion dollars. Of course their assets, Walmart stock, continues to generate income capable of paying any tax. South Fork without drilling wouldn’t be able to and it seemed they had no other assets. Miss Ellie wasn’t perfect but she was smart. She’d have left the land to a foundation with lots of money. Stripped it of its development rights so it would forever be open, undeveloped land and tied up the mineral rights with it if she was so inclined, though I think a better option would be limited drilling. Then the house would be a separate piece, as would the cattle business (with a perpetual lease of the land for something like $1). She could leave the house to JR and the business to Bobby and Gary and her personal jewelry and things to Lucy and Betsy and then some things to her grandsons and be done with it. [/QUOTE]

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