My wife and her brother are the only heirs to her parent’s family farm. Her brother has been doing all of the farming for the last couple of years as their father is in very ill health. I don’t farm. Never have. Never will.
My wife has been told that “the financial guy” is working on division of the assets and she thought it was going to be around a 65-35 split with my wife getting 35%. Honestly, I don’t know what to think about it. I definitely feel that he deserves more than my wife does since he’s been doing all of the farm work. I don’t believe that the farm is currently profitable. There’s a distinct possibility that a wind farm will be built in the property sometime in the future. There is already a weather station on the land to determine if there’s enough wind to justify it. When it was erected, those involved thought that there was plenty of wind.
I don’t need the money but I think I’d feel better about a 60-40 split since that would give him 50% more than us. I’m primarily thinking about my kids. It doesn’t seem to me that my kids should be entitled to that much less than his.
I’m just looking for advice/opinions.