
Q:
With the dramatic increase in land values, can I still pass the business onto my child/children without it being devastated by estate taxes?
A:
Clearly this is an area of serious concern; however, there are many tools and techniqueswhich allow you to legitimately reduce the farm’s exposure to estate tax. These can include such things as minority share discounts, marital trusts, electing a special use evaluation, and many more. With proper planning it is possible to greatly reduce or eliminate the amount of estate tax, thus making it possible to transfer the family farm to the next generation
Miner and Lemon, LLP
523 South Buffalo Street
Warsaw, IN 46580
Phone: 574-268-9911
Fax: 574-269-7828
Toll Free: 800-569-3903
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