unless the corp has been liquidated........all of the transactions related to current commodities are within the corp, but the stock of the corp is what gets the value for estate purposes.

You mentioned the ground was within the corp.........if that is a C corp......your buddy has a helluva mess.

Even if an S corp........going to be hard for there to be minimum tax consequences if one party sells, and one party keeps the corp.

Buzz words for your buddy to be alert for......."complete redemption", and/or "spinoff".

The tax ramifications for the settling of the land will make the ramifications for the settlement of the crop look like child's play.

Sometimes the attorneys forget this when valuing the assets of an estate.