As a small land owner I've been concerned for quite awhile about the "legacy problem". That is, how the land will be utilized once my wife and I pass on. We own a plot of forested land and would like it to remain so. The statistics regarding diminishing "small" land owner ship present a dismal trend for the future.
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Why is land ownership not succeeding in the traditional way of inheritance?
Rufus Laggren wrote:> next 20...
Depends on how the kids get raised. The big brother program is one of the best efforts imaginable and anything else that lets kids discover the better world has got to help. If you never in your life stood in a real meadow or saw a day on the farm you've have to be pretty principled and creative to have a clew how/why they mattered and why you should care. Basic values hold the key (as trumped by all speakers everywhere) and fortunately they're not necessarily dependent on a rural upbringing.
Nj James wrote:
IMO, there are several problems facing the legacy issue, and here in rural Texas; they include the Inheritance Tax where large tracts are forced to be subdivided and sold off to pay the taxes on the values of the inherited property.