Dear Michael: We recently read your letter regarding how your children should not have joint ownership – either through inheritance or via a life estate. We set up a life estate 10 years ago and now our son is farming. The other three are still on good terms, but we now know that can change upon death. What can we do to make certain our children get along once we are gone and that our farming son can continue to farm if he likes? – Split In Error.
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Michael Baron provides estate planning guidance at Great Plains Diversified Services in Bismarck, North Dakota. Email him at KeeptheFamilyFarm@gmail.com.





