Oh, isn't that a noble act on their part, break their lease to take care of family?

Unfortunately, your ancestors or lineal relatives (mom, dad, their mom & dad, your children, grandchildren, etc.) are disqualified from doing business with your IRA.Your IRA cannot do business with any entity that you hold either a controlling or managerial interest in.

We had a situation like this in our family, where they legal ownership of several tracts of land were inconsistent with what everyone know were our ancestors intentions.

Don't feel bad about failing the first time.Some of the best brokers/agents I know failed the first time.When I went and took the test in 2004 the class was multiple choice in GA.I passed that one and then went on to the state test.In class most of the questions are on the state level but then the state test has national questions as well.So I would go to Barnes and Noble and read the AMP(applied measurement professional) book on national questions and it really helped.In my state we have online and in class.In class is usually better as the instructor can explain answers and concepts plus previous students tell what kinds of questions were on their tests as the questions always change.Here is how I take multiple choice tests.Go through the questions one by one and answer the ones I am only 100% sure about.Then go back and start reviewing the other questions.You will now notice that by answering the first questions you knew you have no eliminated some of the choices of other questions.So If I had it between A,and B and B was eliminated from another answer I knew the question to I know A is the answer.Then lastly I would get down to a few instead of A,B,C,D and choosing one and having a 25% chance I have gotten it down to C,D and now have a 50% chance of getting it right.Doing it this way I went through the test 2 to 3 times and only ended up making an educated guess on a few.You don't want to spend too much time on one question as you will get flustered and every answer will start running together.There were people going to the agent state test that had failed 2 to 3 times already on the state test.I passed the first time since it was multiple choice.In my state when I took the brokers test years later it was MUCH harder.With my luck the brokers test used to be just multiple choice like the state with a few questions added.The year I took it they had just changed it completely.Now it was a complex modeling test.You had read long paragraphs of situations and you had 4 choices.There was not an correct and incorrect choice.Instead there were weighted choices.So you would have ones answer being the worst is -2 to the best +2 and in some questions you problem would have 4 parts to it each with 4 choices before moving to the next.Had really crazy crap in there you would never encounter.I prayed the whole time I passed that one.They didn't give you a score just a pass or fail and I passed.That was one of the hardest test I had taken as it was all judgement based on being the head broker.

That is a noble cause to me.

Yes sir, I honor and respect your decision. and you're approaches are only "noble approach" as i quote -T Chaashab.

Every one of us is either an immigrant or our ancestors were immigrants.

Actually, I was at Barnes and Noble tonight and reading Eldard's book.

The interpretation gets a little sticky.IRS Publication 590Prohibited TransactionsGenerally, a prohibited transaction is any improper use of your traditional IRA account or annuity by you, your beneficiary, or any disqualified person.Disqualified persons include your fiduciary and members of your family (spouse, ancestor, lineal descendant, and any spouse of a lineal descendant).The following are examples of prohibited transactions with a traditional IRA

Having said that, there are tons of books out there, maybe go to Barns and Noble and browse a little.Brandon GadishLandlord Technology