Estate Planning for Farmers & Land Owners – Minot

from Raymond J. German

DON’T BET THE FARM

5 Estate Planning Risks for Farmers.

1. TIME DELAYS & UNNECESSARY EXPENSE with the transfer of your farm to your family after your death.

2. THERE IS NO PRIVACY PROTECTION. Without a proper plan, anyone can go to court and rummage through your private financial information.

3. SELLING THE FARM to pay federal & state estate taxes.

4. DISABILITY, what will happen to you if you are disabled and unable to manage it.

5. FAMILY FEUD, after your death, your children may be in disagreement over what to do with the farm.

There are a number of planning strategies that could help you ensure your estate will pass quickly upon your death, saving your family thousands of dollars in taxes, probate and attorneys fees.

Estate Planning is a field that needs tending…make sure your family reaps what you sew. (from )

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