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<blockquote data-quote="hpm08161947" data-source="post: 393899" data-attributes="member: 4473"><p>Many years ago - at the death of my father in law - he left the farm to his 5 children - there was no division of the farm - just 5 names added to the deed. To this day it remains this way except we are all much much older. We have all discussed dividing it but wonder what the consequences are if we do not. One of the siblings has said that if the eldest passes first (she has 5 children) that there will then be 9 equal owners - others say that this is not the case but that her children would be 1/25 owners. This all probably depends on the state (we are in NC) - but I suspect several of you have experience and knowledge of this matter. I would appreciate any input you folks have.</p><p></p><p>Thanks</p></blockquote><p></p>
[QUOTE="hpm08161947, post: 393899, member: 4473"] Many years ago - at the death of my father in law - he left the farm to his 5 children - there was no division of the farm - just 5 names added to the deed. To this day it remains this way except we are all much much older. We have all discussed dividing it but wonder what the consequences are if we do not. One of the siblings has said that if the eldest passes first (she has 5 children) that there will then be 9 equal owners - others say that this is not the case but that her children would be 1/25 owners. This all probably depends on the state (we are in NC) - but I suspect several of you have experience and knowledge of this matter. I would appreciate any input you folks have. Thanks [/QUOTE]
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