Ray (Caller)

I just would like to open up that conversation with her and get her sort of on track for that.

I sat down with her and asked her, you know, what her plan was.

I'm her only son.

I'm also a little nervous that it's going to fall on me.

But she told me that her parents never talked to her about retirement or their financial situation and that she doesn't want to talk about her financial situation with me being her son.

Yeah, I think I really feel like I could help her by giving her tools to do better with her financial situation so that she could have a stress-free retirement someday.

It's almost like she doesn't anticipate on retiring ever, that she's just going to work until the end.

Thanks.

Thanks for taking my call, guys.

Sure.

What's up?

My question is, I'm looking for the best way to purchase a family farm from a trust, a

My in-law offered to sell us the farm at about half its value because he just no longer can really maintain it.

He wants to make sure he can.

He'd like to see something done with it while he has the ability to make the decisions while he's got his health.

Like I said, it's already in a family trust for my wife and four kids make up half the trustees.

And it's like a dream opportunity, but

We have about $90,000 left on our current mortgage, and we're hoping that in about two and a half years, we were going to be completely debt-free.

But it's a dream for us to have the farm.

So we didn't have any ideas how to make this happen, any special transfers or anything we can do, just trying to come up with a way to make this happen.