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East of Broken Bow | What's fair isn't equal, what's equal isn't fair.
I know of an example of where there were both farming and non-farming kids.
Now, one argument would be that the parent's assets should be equally divided.
However, what about the kids that worked for the farm. What if Mom and Pop only were able to buy the farm across the road because of the free labor provided by the kids who stayed home to farm? Had they left as well, maybe the estate would only be half what it was.
I know of instances where the non-farm kids wanted their full share, but when times were tough, they were not the ones working 14 hour days and eating peanut butter sandwiches because there were land payments to make.
Conversely, I know of instances where all the land and machinery was left to the farming heir, and the in town kids who took care of mom & pop in their old age didn't get much of anything, either.
Every case is different, and very few of us know enough details about someone else to know what was the best thing to do. | |
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How to wrap my head around generational transitions/equity?
