Tag Archives: s 300

Does anyone know of a contract between owner and buyer that allows the owner to retain a portion of the land?

Upon the elderly lady’s death or incapacity then we would be able to then own her portion. We want to buy an elderly lady’s 300 acres and let her retain her home and surrounding land until her death or incapacity. She has no family and her husband passed last year. Are the tax implications better for her if we do the sale this way?