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Section A: General News


Editorial: ‘New-found wealth’ not reaching all




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June 19, 2013 | 2,714 views | 3 comments

Editors note: The following comments were submitted by a reader and, undoubtedly reflect the situations of many landowners in this area.

Much has been written about Eagle Ford, the general wealth, effect on the economy, destruction of roads, increased accidents, and crime with every kind of greed and abuse you can think of, but most noticeably, the inability of recipients to deal with excessive wealth never before experienced.

What to do? What to do? After fixing everything that needed fixing, after replacing the car, truck, and tractor and putting a new roof on the house, still all that money! The IRS? Yikes! Hire a financial expert to shelter all that wealth. Give it to the kids, the grandkids, their kids, their kids, and on and on.

But wait! Mom and Dad distributed the family estate when Eagle Ford or any such possibility was beyond their wildest dreams. Their imaginations could never have reached that high. For the most part, they were farmers and ranchers and acted as such.

Distribution of land was based on size and physical aspects of the land with little or no regard for mineral rights or royalties with plenty of reasons as to how distribution was to be done. Maybe you were the youngest, or the boys were expected to provide the living for a family, while the girls were expected to marry responsibly a man that could provide, or you were expected to take care of Mom and Dad when they could no longer take care of themselves, and a hundred other reasons.

Because of inequitable distribution, particularly of mineral rights and royalties, siblings born of the same mother and father and raised in the same house have been completely left out, or at best, treated badly. Instances where the “newly rich” too often from the same house, have reached back to include a brother or sister that was left behind are practically non-existent.

Tough luck? Sour grapes? A land of laws? How cowardly!

For those who call themselves Christians, I hope St. Peter has a Harvard law degree. Trouble is, it is “He” who holds those “two tablets.”
 

Your Opinions and Comments

 
PRAIRIE GROUCH  
GRAND PRAIRIE TX  
June 21, 2013 7:13pm
 
Perhaps, the reason for whatever actions that a parent takes to distribute his or her estate is based on years of observing the actions of their offspring. Some times, a parent chooses to bypass a generation and pass on assets ... More ›

 
PRAIRIE GROUCH  
GRAND PRAIRIE TX  
June 21, 2013 4:45pm
 
Muse......Absolutely correct. Read a quote about duct tape not curing stupid but a good means of silencing it.

 
The Marcelina Muse  
Dry Tank, TX  
June 19, 2013 12:47pm
 
Why don't we turn everything over to the government and let them distribute it? Oh, wait we are in process of doing that. And the government does a much, much better job than those who actually worked to amass the wealth. Who ... More ›

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