That’s right. They bring the money when something bad happens that would otherwise mean the death of the dreams the farmer when their family began farming decades, in most cases generations ago. It is true that running any farm or business is always trial and error – you make clever assessments of opportunities and risk [...]
Read More...Here are four key elements of estate planning that can not only help to preserve the value of your estate but also to ensure the efficient administration and disposition of your estate assets. 1. A will is the cornerstone for an estate plan and deals with all matters regarding the final distribution of your estate [...]
Read More...If there is one reason why farm succession planning should start sooner rather than later it’s because the decisions made early on can have a dramatic impact on everyone involved. One effect is psychic, it makes us all feel better, more assured, and confident when we know as much as possible about what’s in store [...]
Read More...There can be no doubt to the importance of accountants on the farm, not only when it comes to tax compliance, especially in the arena of long range estate planning and succession development. On most farms their many roles impact virtually everything financial. Savvy farmers no longer consider their accounts as someone who solely oversees [...]
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