When the patriarch of the family farm passed away, he willed the farm equally to his three grown children. One wanted to work the farm with her husband but could not afford to buy out her siblings at market value. However, she was able to negotiate purchase from her siblings for a below-market price and very favorable mortgage terms in exchange for agreeing to share the profits with them of any eventual sale of the property down the road. Over time the farmland became very valuable. The farmer sibling secretly transferred ownership of the property to a private holding company and sold the development rights without sharing the profits with her other siblings. Our Commercial Law & Litigation attorneys uncovered this scheme and built a case that led to a quick, favorable settlement for our clients.
Contact PRA to Schedule a Consultation
Fill the information below to schedule a call with our attorney