If the siblings, against all odds, are able to agree they want to keep the farm, they will need to figure out how to co-own it.

Q: My mother is 94 years old, and she has 12 children. Her will leaves her farm in Texas in equal shares to each of us. The farm produces income. One sibling has suggested that an LLC be created to manage the farm. Are there any benefits or limitations we need to be concerned about, and why would we want an LLC?

A: It is highly unlikely that all 12 of you will be able to agree on much of anything related to the farm. At least that is my experience when so many people inherit a single piece of real estate.

One or more will no doubt much prefer to receive cash rather than a small, undivided interest in a farm. It is possible that one or more siblings will be in........

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