Make a long-range plan to buy a house, educate your children and plan retirement
Passing the farm to the next generation when Dad’s will doesn’t mention the kids
Passing on an unprofitable farm can raise tax challenges for the next generation
Recently widowed Linda wants to keep the farm together with a viable tax plan
With good advice, land can be transferred to the next generation with minimal taxes
With no farming children and little income flowing in from the farm, it’s time to sell
Sell the place and keep the cash, or hold on to your family legacy?
With no children and no debt, farming couple needs a wealth transition plan
For a widow needing to raise cash, a charitable donation could hold down taxes
Three sons want to buy the family farm. Purchase costs could ruin the plan
