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Blog

AGRICULTURE BUSINESS STRUCTURING AND WEALTH PLANNING

• The Crying Need for Farm Transition Planning
• Tax Savings Series Part 8 - Indiana Inheritance Tax, or One More Reason to Move to Florida
• Tax Savings Series Part 7 - Don’t Pay Any More Than You Have to or How to Stick It to the (Tax) Man
• Tax Savings Series Part 6 - Gift and Estate Taxed or Bilked, Bamboozled, and Bushwhacked
• Tax Savings Series Part 5 - "Indiana Property Tax Reform or Indiana Property Tax Fiasco"

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Library

AGRICULTURE BUSINESS STRUCTURING AND WEALTH PLANNING

• A Penny Saved: Business Planning and Wealth Preservation for Farmers

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None of my children are interested in farming; why should I care about farm transition planning?

A:

Transition planning isn’t just about structuring the business to pass onto your children, although that is certainly a significant facet. It is also about how to structure the farm business in order to best serve the owner, even if you are not going to pass your farm onto to your children, you still want to provide the best possible retirement income for yourself and pass on the most value to your chosen beneficiaries at your death. As with most situations in life, you can achieve more satisfying results if you "plan your work, and work your plan" instead if simply relying on good luck to position you in the most beneficial place.

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