Your parents and any of their siblings are ahead of you as far any inheritance but in most cases, the inheritance will be split and if someone wants to purchase something that was split, they would have to buy out the other heirs. This is where things can get get really ugly! I inherited a 1/4 of my fathers acreage but had to buy out my 3 siblings based on fair market value. I had first choice because I lived there the longest and did the most work there to help my dad. Usually only in cases where someone was extremely wealthy is anything of significant value just given away. If you have siblings and you get the farm, what do they get that's equivalent?
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Today's Featured Article - History of the Nuffield Tractor - by Anthony West. The Nuffield tractor story started in early 1945. The British government still reeling from the effects of the war on the economy, approached the Nuffield organization to see if they would design and build an "ALL NEW" British built wheeled tractor, suitable for both British and world farming.
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