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Brian Smith
Posted 10/23/2018 12:28 (#7061070 - in reply to #7059206)
Subject: This always confuses me


I'm replying to your post not directly, but as a topic.

My thought is that if only part of of your total heirs/beneficiaries wishes to farm - and you are given the blessing of living to know this - why would you not sell the farm(s) to them over time. If sale isn't feasible have them take out an insurance policy to cover the farm, etc.. Then when you do pass you can split the cash equally between all. This way the heir(s) that wish to continue can control their destiny, but all heirs received equal estate $s. This "seems" like it would eliminate many of these problems.

I suppose its easier said then done given you have to be willing to give up control earlier than you'd like?

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