Estate Planning and Preparing Your Operation to Be Passed Down
Written by David Payne – Estate Planning Attorney, Ozarks Legacy Law As featured in JRS Cattlemen’s News – November 2022 Issue See Article Those without
Written by David Payne – Estate Planning Attorney, Ozarks Legacy Law As featured in JRS Cattlemen’s News – November 2022 Issue See Article Those without
Good question, isn’t it. It can seem like an overwhelming duty. If you are to preserve the family farm, the time for inaction must be
Conversations about family succession plans are difficult.
While discussing estate planning with my parents, they told me that an attorney prepared a deed for them but told them not to record it yet.
Before you decide to put your home in an irrevocable trust, it is important to have a basic understanding of what you are doing and why.
How can you prepare your children to handle the assets they’ll eventually inherit?
Using a lawyer is always a better choice than going through the process independently.
Depending on your family situation and the value of your estate, forming a trust can be an important addition to your farm transition plan.
The trust is a very useful and flexible tool for estate planning, yet it is probably the most underused estate management technique. A trust is an artificial entity, something like a corporation, created by a document or instrument.
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