Chapter 5 - THE LAND TRUST
My grandfather Samuel Dawson died two years earlier.
He owned forty-three acres outside Portland.
Old nursery land.
Development pressure had pushed value up dramatically.
He put it into the Dawson Family Land Trust.
Beneficiaries:
My father Richard.
Then his descendants.
The land could not be sold until a specific review date unless supermajority approval.
That date was approaching.
And Ethan?
Grandfather’s amendment created child beneficiary subshares when each great-grandchild turned ten.
Ethan would turn ten in forty-eight days.
Projected beneficial share:
Around $4.3 million if the land sold at current appraisal.
Not cash.
Interest.
Future value.
I had known there was a trust.
May you like
Not the number.
Tyler knew both.
