Professional Documents
Culture Documents
Frequently Asked Questions Fouche Estate 9
Frequently Asked Questions Fouche Estate 9
Fouché Estate
Frequently Asked Questions
We are currently working with the Federation of Southern Cooperatives, an organization that helps black
families resolve issues regarding heir property. Their goal is to help families not lose their land, as has been the
case for countless black landowners. We had our first mediation session in July 2020 with attorney Monica
Rainge moderating. The goal is to have every heir at the table for discussion and resolve any internal issues,
then they will provide legal guidance for our entity. Another mediation session is forthcoming, date to be
determined. We encourage you to join their organization (more info at https://www.federation.coop)
Need to:
Establish a legal entity for the heirs and transfer ownership of the land into this entity
Research and implement land management strategies to generate revenue
Possibly acquire adjoining land
Explore leasing opportunities
As soon as all the legal issues have been clarified and resolved, and the new family entity created, decisions need
to be made expediently about how best to generate immediate income from the property. We then need to
research land management ideas.
Heirs are now the children of the above, or their children if they are deceased. You can extrapolate based on
number of heirs in each branch, but exact percentages of ownership cannot be known until every heir is
identified.
Heir Participation/Involvement
Participate in the monthly phone conference calls, third Saturday of each month. Send your e-mail to Cheryl at
c.delaney1@verizon.net so we can add you to the information distribution list. It is imperative that there be
representation from each of the 13 families in order to make decisions that benefit all the heirs the most. Once we are
sure our legal entity meets all the criteria we need, heirs will be contacted regarding the consolidation of individual
ownership into the one entity. We ask that everyone cooperate with this process and follow the direction of the lawyers.
There is likely also to be a provision for any heir who wishes not to be involved to sell their ownership percentage back to
the entity. The estates of each of the 13 families will benefit equally from any income derived from the property.
Leadership of the family entity will be clearly delineated. There needs to be full financial disclosure and transparency.
Ideally, there should a family meeting each year, where a report of all activities is presented, and there is opportunity for
change in leadership. If you have any questions, reach out to any Board member.