Succession Planning

President Barack Obama is proposing a fundamental change in tax policy that would limit what many Americans can leave to their heirs.
While the Christmas dinner table isn’t the place to discuss succession planning, Top Producer Seminar is!
Laws, circumstances and assets change over time. Do your estate planning documents reflect your current goals and wishes?
Farmers Who Gain From Tax Bill Wary of Losing Subsidies Later
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Create a plan to overcome common obstacles
For the Gruhlkey family, farming thousands of irrigated acres in two states and eight counties is the easy part.
Indiana farmer finds a non-family heir for his farm business.
Transitioning a business from one generation to another is complicated. Add the complexity of being family owned and operated, and you have an entirely different set of challenges.
Estate planning laws aren’t different for farmers versus others; however, there are variances, such as vocabulary, emotional ties to land, operation versus land, own versus rent, personal financial statement and deeds.
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