Handing down the family farm

1 Reply

We have talked about it for years, but my parents recently have decided to hand down the family farm to us three kids. My question for the brilliant minds of bigger pockets is... What is the best way to go about this? We have a plan to meet with a real estate attorney but is there anything we should look out for or expect in the process. Would the best option be to put the property into an LLC to protect it from any legal/financial or divorce involving myself, my brother, or my sister individually? This is a working crop in livestock farm located in Wisconsin. Thanks in advanced

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