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Farm estate in 50/50 ownership
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west illini
Posted 11/26/2022 10:32 (#9950702)
Subject: Farm estate in 50/50 ownership


IL
I thought I’d ask the question here, with all the business minds

If a farm is inherited by 2 people, giving each 50% ownership, can force the other to sell ? What if that side is in a nursing home, and runs out of money, then what ? Forced sale to pay for nursing home ?
What are the rights of the second owner
This are general information.

Not my situation , but one I’m quite familiar with and have questions about

Yes… seeing the lawyer is my first suggestion , but May not be listened to
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