Yes, I think that's who I'll ask next...
Kathy Quinn
Clifton Heights, PA
--- In AlpacaTalk@yahoogroups.com, Judith Korff/Ladysong Farm <judithkorff@...> wrote:
>
> Hi Kathy -- I wouldn't have a clue! That's why God invented accountants. :-)
>
> Judith Korff
> LadySong Farm
> Music to Your Wallet
> Randolph, New York 14772
> Cell: (716) 499-0383
> www.alpacanation.com/ladysong.asp
>
>
>
>
>
> ________________________________
> From: greenfleece60 <plooza@...>
> To: AlpacaTalk@yahoogroups.com
> Sent: Monday, June 1, 2009 4:08:40 PM
> Subject: [AlpacaTalk] Re: Agistment Contract Question
>
>
>
>
>
> Yes, I could see where it would be insurance for the boarding farm if there have been payment problems. Although since it is not an interest-bearing account, the funds are kind of tied up from the agistor's point of view and not available to earn any money just sitting in an account. Also, it is not possible to reinvest them into additional animals, although I guess the logic there is you might as well pay off what you owe first. I am not sure if an escrow account is a tax shelter or not. If it is, then it would be a benefit to the agistor in that the sale of a cria would result in capital gains taxes. Isn't that correct?
>
> Kathy Quinn
> Clifton Heights, PA
>
> --- In AlpacaTalk@yahoogro ups.com, Judith Korff/Ladysong Farm <judithkorff@ ...> wrote:
> >
> > I suppose if there are additional alpacas still being agisted by the same owner, and the owner has been late in paying agistment fees, the agistor might suggest some sort of arrangement to defray future fees and avoid further problems.
> >
> > Judith Korff
> > LadySong Farm
> > Music to Your Wallet
> > Randolph, New York 14772
> > Cell: (716) 499-0383
> > www.alpacanation. com/ladysong. asp
> >
> >
> >
> >
> >
> > ____________ _________ _________ __
> > From: Patty Mattingly <patmar@>
> > To: AlpacaTalk@yahoogro ups.com
> > Sent: Monday, June 1, 2009 3:53:15 PM
> > Subject: Re: [AlpacaTalk] Agistment Contract Question
> >
> >
> >
> >
> >
> > Kathy,
> > That is a new one on me. I would imagine they would want the bill to be
> > paid up to date, but I can't understand why your sale proceeds would have to
> > go into an account for future bills. If you are uncomfortable with a
> > provision in the contract, ask for it to be explained. If after the
> > explanation you are still uncomfortable, ask for that provision to be
> > removed. If they are unwilling to remove it and you are not comfortable
> > with it, trust your instincts - They are probably right!
> >
> > Patty Mattingly
> > Nobella Alpacas
> > "Royal Treatment Reigns"
> > Leonardtown, MD
> > (240)925-6959
> > http://www.nobellaalpacas.com
> > ----- Original Message -----
> > From: "greenfleece60" <plooza@yahoo. com>
> > To: <AlpacaTalk@ yahoogro ups.com>
> > Sent: Monday, June 01, 2009 3:25 PM
> > Subject: [AlpacaTalk] Agistment Contract Question
> >
> > > Is it common for a contract for agisting to include a requirement that if
> > > a boarded animal is sold the funds go into an non-interest- bearing escrow
> > > account that the boarding farm then draws subsequent boarding fees from?
> > >
> > > What would the benefits be for the agistor?
> > >
> > > Kathy Quinn
> > > Clifton Heights, PA
> > >
> > >
> > >
> > > ------------ --------- --------- ------
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> >
> >
> >
> >
> > [Non-text portions of this message have been removed]
> >
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> [Non-text portions of this message have been removed]
>
Message posts are the opinion of individuals posting and are not necessarily endorsed or approved by Yahoo! or the moderator of this group. The purpose of this discussion group is to ensure that all points of view can be aired. It is the responsbilty of all individuals who post to treat others with respect and civility.
