Sister called last night. The farm auction went off without a hitch. The farm equipment that was still there (!), tools, pig iron, things in the sheds, guns, and the household stuff that sister and family didn't take went for about $20,000.
She told me that she had a pretty good conversation with the executor and got caught up. The second parcel got two estimates - one with house, grounds, and land sold together, and one with most of the land split from house, barn, sheds, and 20 acres. If my sister gets the house and a bit of the cash equal in value to what I get in cash, it turns out that the numbers work if she really wanted the house - she would probably get enough cash to fix up the house, should she choose. Now she's a bit frightened - so far the creditors for mom's medical bills haven't come forward. If that holds it means that my sister and I will inherit in the very high $200,000s.
Sister was hoping that the decisions would be made for her in such an obvious economic way. And a couple of the distant family relations still in east-central Wisconsin really want her to keep the house. They told her that she wouldn't come back if she just took the cash. (Like me) That could well be, but I told her that it was her life. If she had plans for the house, fine, but don't take on a house just because people want you to.
DH was on a funny work schedule, so he was at work today. My opportunity to do something that he is lukewarm about. I saw Good Night, and Good Luck which I enjoyed very much, but I missed the matinee. Yikes! 9$.
The farm auction
November 14th, 2005 at 03:11 am
November 14th, 2005 at 11:21 am 1131967313
Glad to hear everything went well!
November 15th, 2005 at 01:56 am 1132019781