Should I Sell the Farmland I Inherited?
If you inherited farmland, you do not necessarily need to sell it. You generally have several options: keep the land and rent it, farm it yourself, sell it, or—in situations involving multiple heirs—explore whether one heir wants to buy out the others. The right choice depends on the farm, your financial goals, family circumstances, tax […]
Can I Sell Only My Interest in a Farm?
Yes, in many situations you may be able to sell your ownership interest in an Iowa farm without selling the entire farm. However, what you can sell depends on how the property is owned, the deed, any ownership agreements, estate or trust restrictions, and other legal considerations. For example, if three siblings each own an […]
I Inherited Farmland in Iowa. What Should I Do First?
If you inherited farmland in Iowa, your first step should be to gather the farm’s legal, financial, and agricultural information before deciding whether to keep, rent, or sell it. Find out how the property is titled, whether there is an active farm lease, who is farming it, what income and expenses are associated with it, […]
Farmland Owner? Here’s What to Do If Your Kids Live Out of State
Farmland owners whose children live out of state should prioritize estate planning, clear legal documentation, and defined management strategies. Proactive planning—including trusts, leasing arrangements, and professional farm managers—protects the land’s value and reduces conflict among heirs across different states. More American families face this reality every year: the family farm stays rooted in the Midwest […]
Estate Planning Tips to Avoid Probate for Farmland Owners
When it comes to farmland and real estate, planning ahead is the best way to protect your legacy and ensure a smooth transition for your family. Unfortunately, one of the biggest hurdles landowners face is probate—the legal process of validating a will and distributing assets. Without proper planning, probate can become lengthy, costly, and emotionally […]