The true secret to the farm’s longterm success stands out as the ability (no definitely not the ability but the motivation) to handle what is necessary for you to pass the farm from your current senior generation to the next. And while the successor is usually a person you are related to, it doesn’t have [...]
Entries Tagged as 'Farm Estate Planning'
The Farm’s Success or Failure Will Be A Reaction to The Choices You Make Currently!
September 2nd, 2010 · No Comments · Farm Succession Planning
Tags: Farm Estate Planning·Farm succession planning·Succession Planning
Is There Any Connection Connecting Farm Succession Planning And The Farm’s Legal Organization
September 1st, 2010 · No Comments · Farm Succession Planning
A long time ago a notable estate planning attorney informed me that, from his many years of experience, farms and businesses are organized because, in his words, that is the way they were initially organized.
I was young and inexperienced and didn’t fully grasp what he meant when declared one of the most damaging stumbling blocks [...]
Tags: Farm Estate Planning·Farm succession planning·Succession Planning
Estate Planning For 2010 and Beyond
August 30th, 2010 · No Comments · Estate Planning, Farm Estate Planning, Farm Succession Planning, Farm Transition
Almost no one believed it would happen, but here we are: For the first time since 1915, the United States has no federal estate tax.
Congressional action nine years ago created the potential for this situation, and congressional inaction last year made it happen. At the 44th annual Heckerling Institute on Estate Planning, which I recently [...]
Tags: Estate Planning For 2010 and Beyond·estate planning mistakes·Farm Estate Planning·federal estate tax
Passing Down The Farm to the Next Generation
August 18th, 2010 · No Comments · Farm Succession Planning
http://www.passingdownthefarm.com/farm-succession-system If passing down the farm is important to you, if you want to be in 100% control of the process, and if you believe that you are the one who will be held accountable for the results – as defined by the success of your farm’s transition, it’s time for you to take [...]
Tags: farm crisis·farm dairy crisis·Farm Estate Planning·farm estate taxes·Farm succession planning
