It’s a tough topic, but a good one to get started on, maybe by thinking about these 10 questions. Maybe you can just stick them on your refrigerator as a first step. 🙂
In Part I of Death and Taxes we looked at the Federal “Death Tax” and found that changes to the tax laws have reduced the worry for most farms, ranches and small businesses. But you’re not out of the woods until you know a bit about your state estate taxes. So check it out!
You’ve heard it before, and you’ll hear it again. The average age of farmers and ranchers is on the rise. The last U.S. agriculture census showed that 25% of all farm operators are over 65. Here are some tips for those farmers and their families about how to transfer to the next generation.