Quote Originally Posted by Tybee View Post
Would any of the siblings want to buy him out? Would he be happy selling it to them?
I want to add since I like picking the scab: several years ago when the farm first came into the hands of DH and his siblings, one of the siblings wanted out. Oh, but the other siblings had to hang onto this farm because daddy wanted! Daddy‘s wishes! Family farm! Little brother! These are all emotional reasons.

But none of them were willing to pony up the money to buy out the one sibling who wanted out. So we had to divide the farm with her portion going to her so she could sell it. And that action reduced the overall value of the property. So, they wanted the farm as long as it didn’t personally cost them anything

You can’t take a clean slice of land out of a whole pie and have the remaining whole be exactly the same value per acre.

By my reckoning these emotional decisions towards this financial asset have cost well over $1 million in the 7+ years the siblings have owned the asset. Brilliant financial management…Not.

on the plus side, DH’s sister and her husband who are managing it all are trustworthy, transparent, and not stupid. so I don’t worry about the decisions they make as far as taxes, renting the farm, etc. and it is their time spent doing this and not mine so I’m not gonna complain about their micro decisions.