Get ‘em!
This was fun fellas. Healthy conversation is needed in this internet connected world.
Discussion
Most definitely!🫂
I swear that I didn’t search this, and haven’t seen this season of Yellowstone yet. He can’t afford the inheritance taxes to keep the ranch. I guess when you have a lot of land or property… that is when you lose the ranch. When it is a small operation you might just lose a house and a few meters hahahaha.
I would ask is he the original owner though. Because if he's not the original owner it’s not that he cant keep it. It was never his. It may have been able to be passed to him but he is not the owner to begin with. So he didn't “lose” anything.
I guess in this example im thinking nothing was taken from him because it never became his in the first place until its legally inherited.
Like as much as I want my kids to inherit my properties, it wont ever be theirs if they dont pay the taxes on it so therefore they never lost anything if they dont get it. Now if they start paying and receive the property then stop paying taxes they forfeit the property actually. I really have a hard time seeing how a house/property could be taken from you unless you did something you agreed not to do. Like no one is stealing peoples homes. When we bought these homes we signed and agreed to the taxes. If we dont pay what do we think will happen? The exact thing we agreed to. House will be forfeited if taxes stopped payed.
All I know is legally when a house is “taken” because taxes were not paid the house is actually forfeited by the original owner. The documents arent going to say stolen house. Its going to say the owner did not keep the agreement they signed on the dotted line.
Now im not exactly sure the whole details of the show but it would totally suck to be able to inherit a huge property but not being able to because the tax is too high. I wonder if there is a way around those taxes like putting the property in the sons name before you die. Tough for sure.
You are correct on so many of those statements that I don’t know where to begin.
You should be, or you must be, or you just understand things on a detailed level that 98% of people don’t.
No the guy isn’t the original owner, nor was the property put into his name so he didn’t lose it. He wants to inherit it, but the taxes are too much for him. He may have lost the opportunity to keep the family ranch going, but he is more of a family man than a rancher.
There are 3 different tv shows that make up this cowboy go west and claim some land series. “1883, 1923, and Yellowstone.”
Basically, the guy in the clip that I attached was the great grandson, or great great grandson of a family that traveled west until they reached the property in question. They received it from the “indians” so they didn’t have to pay for it. Throughout the years they ran a large successful ranch with tons and tons of land, but obviously something changed and the money is running low.