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<blockquote data-quote="dennishoddy" data-source="post: 4272011" data-attributes="member: 5412"><p>Of course there are going to be differing opinion among lawyers, but we are in the process of MIL's trust. </p><p>In it she stated the land was to be distributed to XXX and ZZZ and SSS and the balance to be distributed to CCC.</p><p>Our lawyer that is well known with his association and relationship with a huge landowner in Oklahoma said that trust dissolved with her death. </p><p>My wife said she wanted to abide by her mother's wishes, so it will proceed as she wished. </p><p>In the trust she stated that the property to XXX and ZZZ and SSS would stay in the family forever which turned out to not be correct. </p><p>If her wishes had been correct within the trust, there would have been over a dozen heirs in the next generation and probably 3X that in the generation that followed. </p><p>The land would have been so convoluted that it could have never been sold. </p><p>Example: I used to pay for a hunting lease with an Osage Indian tribal member. She was in her 70's. </p><p>When she passed away, there were 8 heirs. Half wanted an immediate sale and the other half wanted to keep the land, cattle leases and hunting leases for a little mail box money. </p><p>That was 20 years ago and they are still fighting. </p><p>Granted that is on Osage Indian land which may have caused the issue. </p><p>If I remember correctly, the BIA got involved in these lands that had dozens of owners and did something to alleviate that. That land that we leased still hasn't been resolved as of last year.</p></blockquote><p></p>
[QUOTE="dennishoddy, post: 4272011, member: 5412"] Of course there are going to be differing opinion among lawyers, but we are in the process of MIL's trust. In it she stated the land was to be distributed to XXX and ZZZ and SSS and the balance to be distributed to CCC. Our lawyer that is well known with his association and relationship with a huge landowner in Oklahoma said that trust dissolved with her death. My wife said she wanted to abide by her mother's wishes, so it will proceed as she wished. In the trust she stated that the property to XXX and ZZZ and SSS would stay in the family forever which turned out to not be correct. If her wishes had been correct within the trust, there would have been over a dozen heirs in the next generation and probably 3X that in the generation that followed. The land would have been so convoluted that it could have never been sold. Example: I used to pay for a hunting lease with an Osage Indian tribal member. She was in her 70's. When she passed away, there were 8 heirs. Half wanted an immediate sale and the other half wanted to keep the land, cattle leases and hunting leases for a little mail box money. That was 20 years ago and they are still fighting. Granted that is on Osage Indian land which may have caused the issue. If I remember correctly, the BIA got involved in these lands that had dozens of owners and did something to alleviate that. That land that we leased still hasn't been resolved as of last year. [/QUOTE]
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