Date of this Version
Cornhusker Economics, May 11, 2018, agecon.unl.edu/cornhuskereconomics
A May 2017 decision by the Nebraska Court of Appeals deals with an unfortunately common situation in Nebraska family farm corporations– is the on-farm heir (or heirs) in charge of the corporation legally required to share the corporation’s income with the off-farm heirs? (24 Neb. App. 649) As we shall see, the court answered “no” even though that seems to be an unfair result.