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Mr. Forbes
In 1982, decedent was married to Walter T. Forbes, Sr. (Mr.
Forbes). By a previous marriage, Mr. Forbes had two children:
Walter T. Forbes, Jr. (Walter), and Betty F. Rayburn (Betty).
In 1982, Mr. Forbes owned individually approximately 2,058
acres of land in Macon and Houston Counties, Georgia (the Forbes
land). In 1982, the Forbes land included approximately 676 acres
of timberland and 338 acres of pecan orchards. The remainder was
open crop land, creek bottoms, slopes, gullies and drains, low-
lying land along Baptist Creek and Indian Creek, yards, roads,
and other areas around barns and sheds. Mr. Forbes also owned
farm assets and operated a farming business on the Forbes land in
the form of a sole proprietorship known as Malatchie Farms (the
sole proprietorship).
The Limited Partnership
On or about March 25, 1982, Mr. Forbes, Walter, and Betty
formed a limited partnership, Malatchie Land Co., L.P. (the
limited partnership). The partnership agreement contains the
following statement of purpose:
The purpose and character of the business of the
Partnership is as follows: to purchase, lease and sell
real estate, including farm and ranch properties, and
to do the things necessary or advisable or expedient in
connection with or incidental to such business.
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Last modified: May 25, 2011