#Intestacy

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Welcome to the Maryland Risk Management Education Blog, provided by the University of Maryland Department of Agricultural and Resource Economics and features the work of the Maryland Crop Insurance Education program and the University of Maryland - MPowering the State's Agriculture Law Education Initiative, a University of Maryland Extension Signature Program. This blog provides readers with information on risk management issues important to Maryland agriculture, upcoming events, and new materials that may interest readers.

Help, I Just Inherited the Family Farm With My Siblings. Now What?

Paul Goeringer

May 31, 2016
4 min

Help, I Just Inherited the Family Farm With My Siblings. Now What?

This post is not legal advice. I continue discussing issues which can arise with family farm transitions and estate planning. A common situation is that siblings inherit farmland through intestacy (dying without a valid will or property outside the will) or a will specifies a quarter interest in the farm to X and the remaining three-quarters to Y. In each case, the farmland would be inherited as tenants in common, which can add complexity to managing the farmland. With tena

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Have You Developed an Estate Plan? What Happens When You Die Without A Will?

Paul Goeringer

May 18, 2016
3 min

Have You Developed an Estate Plan? What Happens When You Die Without A Will?

This post is not legal advice. Recently, the singer Prince suddenly passed away, but many of you may not have seen the news that he died without a will (http://wapo.st/1YgOGvX). The rapper Snoop Dogg has discussed not having a will and not wanting to make a will either (http://onforb.es/1YgOIE9). In fact, Snoop Dogg has stated he would prefer to watch his heirs fight over his money after his death. Although many of us at times may not want to consider how to distribute pro

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