Wisconsin  |  Wills and Trusts

Legal Question

Asked on: 10/02/13, 9:46 am

I may be about to inherit a farm that is located in another state? This is through my grandparents estate. Can you tell me what questions I need to be considering and what potential tax issues that may arise? This farm will be divided among the 3 grandchildren. Our agreement is that we would like to keep the farm and rent it out, not sell it at this time. The farm is located in Iowa and I currently live in Wisconsin.

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