Aug 21, 2014
Home| Tools| Blogs| Discussions| Sign UpLogin


Farm Estate and Succession Planning

RSS By: Andrew Zenk

This blog focuses on making complex and difficult topics in estate and business planning understandable and applicable to the reader.

Andy is an Agribusiness Consultant for AgCountry Farm Credit Services, Fargo N.D., a farmer owned cooperative and part of the Farm Credit System serving eastern North Dakota and northwest and west central Minnesota.

Complete Estate Plan - Ancillary Documents

Sep 20, 2011

 

Continuing with the “estate planning overview” discussion, there are other documents that an estate plan should include: a durable financial power of attorney, a health care directive and a living will. A durable power of attorney allows you to appoint someone to take care of your financial affairs should you be unable to on your own. A health care directive allows you to appoint someone to make decisions regarding your health care should you be unable to on your own. A living will is your advanced directive on whether to continue or cease artificial life continuation procedures should you be near death. Each state has their own specific rules regarding these documents. Accordingly, it is important to talk specifically with your estate planning professional when handling these.
 
__________________________
 
Disclaimer: The information contained in this publication provides a general overview on various topics and is strictly for informational purposes only. The reader should consult a qualified professional for advice based on his/her specific circumstances. AgCountry Farm Credit Services and the writer of this blog make no representations as to the accuracy or completeness of any information on this site or found by following any link on this site, and shall not be liable for any errors or omissions herein or for any losses or damages resulting from the display or use of this information. 
 
Required Disclosure Pursuant to IRS Circular 230 : Pursuant to requirements imposed by the Internal Revenue Service, any tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (1) avoiding penalties under the Internal Revenue Code; or (2) promoting, marketing or recommending to another party any transaction or matter addressed in this communication.
 
Log In or Sign Up to comment

COMMENTS

No comments have been posted, be the first one to comment.

Receive the latest news, information and commentary customized for you. Sign up to receive Top Producer's eNewsletter today!

 
 
The Home Page of Agriculture
© 2014 Farm Journal, Inc. All Rights Reserved|Web site design and development by AmericanEagle.com|Site Map|Privacy Policy|Terms & Conditions