Note: BCP Real Estate is not a law firm and its employees/owners are not acting as your attorneys. This is provided for educational purposes only and is not legal advice. The following is an illustrative, composite example, not a real client, and any names are fictional. It does not describe or promise any particular outcome.
Meet a man we’ll call Cole. He inherited a share of inherited farmland from a relative. The land sat unused for years. Meanwhile, the taxes piled up, and a lawsuit followed. Cole lives in the city and knows nothing about farming. So he wanted out of the inherited farmland quickly.
At first, the rural details confused him. After all, farmland comes with its own rules. Still, he did not want a lawyer or a court fight. Then he found a simple way out.
How Cole sold his inherited farmland share
Cole owned only his own portion of the inherited farmland. So he did not have to work it or manage it. Instead, a buyer purchased his portion directly. Then the buyer took on the back taxes. After that, the buyer removed Cole’s name from the lawsuit. Also, a buyer experienced with rural land handled the details.
Even better, the process cost him nothing. Meanwhile, his relatives kept their own shares. Because of that, Cole did not need anyone’s approval.
In the end, Cole let go of the inherited farmland for good. He owed nothing afterward. Now he carries no liability for the land, the taxes, or the lawsuit.
What this story shows:
Inherited farmland comes with its own quirks, but you only handle your own portion.
A buyer purchases your share, takes the taxes, and removes your name, at no cost to you.
If you want to be bought out of the lawsuit and have your name removed, no cost to you, call or text us at (469) 708-8003 today.
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