Help, I Just Inherited the Family Farm With My Siblings. Now What?

Photo by Edwin Remsberg

This post is not legal advice

            I continue discussing issues which can arise with family farm transitions and estate planning.  A common situation is that siblings inherit farmland through intestacy (dying without a valid will or property outside the will) or a will specifies a quarter interest in the farm to X and the remaining three-quarters to Y.  In each case, the farmland would be inherited as tenants in common, which can add complexity to managing the farmland.

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