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southern MN | Typically is.
Then one side passes away, and 2-5 kids split that 50%, so there are 3-6 co owners, plus spouses involved.
And the lawyers get rich sorting it out.
Small market for anyone to buy into such a deal, so co owning 50% of land is an asset only worth 33% of its full value. Just a bad deal most of the time.
I believe different states have a bit different rules on this, and it may have been set up in different ways so one person is in charge but both of you benifit from the land, or it goes to one survivor upon death, or… other stipulations.
Might want to fully understand how it was laid out in the will and how it was transferred to both of you so you get on the right path if you need to move forward on your own.
Sometimes sitting down with the other person and physically dividing the property about in half and each takes sole ownership of a half is a good option?
Paul
Edited by paul the original 9/26/2025 11:48
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Selling some land that’s co owned 50/50 per acre
