[Download] "Besteman v. Pitcock" by State of Wisconsin in Supreme Court " eBook PDF Kindle ePub Free
eBook details
- Title: Besteman v. Pitcock
- Author : State of Wisconsin in Supreme Court
- Release Date : January 05, 2008
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 68 KB
Description
About two months after Jack Besteman and his wife, Pam, acquired a called 235-acre tract of land in Lamar County as part of a like-kind exchange for property they had owned in another state, the Bestemans were approached by Jerry Pitcock and his wife, Joanne, who wanted to buy it. Jack Besteman refused to sell it to the Pitcocks in an outright sale, indicating that he would only agree to part with it if it could be achieved through a similar like-kind exchange of the manner he had just experienced, thus saving substantially on taxes which would otherwise be incurred. As a vehicle to facilitate this, Besteman insisted that the Pitcocks enter into a lease of the property for two years with an option to purchase at the termination of the lease agreement. Besteman explained this delay by indicating that he wanted an opportunity to locate available apt real estate which could be used to effect such an exchange.
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