Disowning Family Members

toolmanmike said
That sucks, it looks like a nice property. It sounds like my wife's side of the family when Grandma passed a couple years ago. There were 2 farms (600 acres tillable and one farmstead) THere were 4 kids in that family , one had passed (my father in law) so his 4 children (my wife and her brothers) together had one vote. It's like herding cats getting 7 people all heading in the same direction. It finally all got settled after 2 years and my wife and her 3 brothers were able to buy some of the farmland, using their inheritance as a partial down payment. To make it more complicated, my brother in law is farming the land along with my wife's fathers farm (since he has passed) My MIL is in her 80's and when she goes the mess will happen all over again when my wife and her brothers decide to keep the land and rent it out or sell and split the proceeds. It is a complex legal puzzle for sure.

Without a doubt. You guys are in deeper than I was. It seemed simple to me as the proceeds of my mom's estate went into 3 trusts that theoretically could only be drafted from once a year at a fixed amount. The farm made that much to meet the payout and keep the land and homesite. The estate lawyer had retired before mom's passing but at a similar time so there was no one to monitor their behavior. Once it was divided into 3 separate trust accounts they had the whole lump sum of their 1/3. The real kicker to their stupidity is if they would have taken the correct payout and kept the property the land would be worth around $2,000 more an acre right now. IDIOTS