Don't have much opinion or knowledge about what you should do from a legal standpoint, but I think Mike M reflects what I was thinking as I read through this thread. I was thinking, what would you and your brother do if YOUR wife decided she'd had enough? Tell brother that his engagement got you thinking about this whole situation and you feel you guys need to sit down and work something out before someone else is involved (his wife) and things get even more complicated. He might feel that you are trying to cut the fiance out but assure him that she'll end up with half of his half anyway (unless there is an iron-clad pre-nup, if there is such).
A friend's father was in partnership with his brother their whole lives with undivided interest in the farm and machinery. Each had their own home place, but it was part of the whole farm. The brother died long ago so her father was in partnership with the wife. He quit farming and they rented the place out to the local BTO. Her father died, making my friend and her two brothers partners with her uncle's wife (they also have two children). Since 'friend and brothers' were up in their 60s they wanted to sell off the place but had to get agreement from the aunt. She was basically run by her son who was a lawyer and shady former state level politician here in Ohio. Since cousin Shady didn't want his mother to sell, friend and brothers tried all kind of ways to divide the property in half so the values would be equal, but Shady would have none of it. No sale no auction, no nothing. I suspect, him being the greedy bast*rd that he is, if a deal didn't favor him and his side of the family he wasn't going for it. So, last I talked to her they still had not been able to do anything except collect the rent money from the BTO and from a tenant in her father's house. To further complicate, if they don't settle it her brothers have children as does Shady and his sister. At least my friend can leave her share to the nieces and nephews since she has no kids.
Upshot is, get a division in place before it gets ugly with the family.
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Today's Featured Article - On the Road with Dave Gohl: Auction Musings - by Dave Gohl. I was thinking the other day about all the auctions I've been to in the last few years. There've been many. Some have been very good, some have been well, disappointing to say the least. But no matter how good or bad auctions may be, we always seem to stay until the item we've come for or are interested in is on the block. I've been to some auctions near and far. I think the furthest has been the Two Cylinder 7 in the Amana Colonies last year. Lots of stuff, lots of people. I've also atten
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