Wife's family farm is supposed to be willed to her and her 2 brothers. It will be interesting to see how that all transpires. Although we don't necessarily want to live there, I would be tempted to purchase the brothers in law interest and keep the land as a long-term investment and see if either of our kids would be interested in 15-20 years.
I am hoping my FiL sets it up right so as to minimize issues when the time comes. I too have seen tons of family fights over these issues. Don't really want to go through this ourselves.
