Settling an estate is a stressful process. You might feel overwhelmed by legal documents or confused about the next step to take. Add the fact that most estate settlements take up to six months (and some longer), and it’s easy to wonder how in the world you’ll manage to accomplish every little task.
Although there are many complicated aspects of settling an estate, the good news is that there are also professionals who can help. As the family member, executor, beneficiary, or whatever your role may be, there are only five important tasks you’ll need to manage on your own. In this blog, we’ll walk you through each one and tell you what type of estate planning professional can help you with it.
Whether your farm has been handed down by family members for generations or you have put in your own hard work on the land throughout your life to pay for it, you likely have a deep attachment to it. So deciding to sell your farmland can be a tough and emotional decision.
What can seem more confusing is that the sale of farmland is not always cut and dried. However, if you've inherited land and have never had an interest in owning or leasing farmland before, selling your family farmland will likely be your most profitable decision.
Regardless of how you decide to sell land that you've inherited, you need to know how to get the best price for the real estate.
Selling land is different from selling a house. There are multiple property types—recreational land, farmland, rural land, ranch land, residential, commercial, or industrial development land, just to name a few—and each requires special knowledge and a unique skill set to sell for a fair price. That’s why when it’s time to sell your land, no matter what type it is, you should partner with a real estate agent experienced in selling land.