There are many important financial issues to be aware of when selling a farm or ranch. Planning for a sale with a team of advisers well in advance of a sale is critical for identifying these issues and for implementing strategies to effectively deal with them. One of the biggest issues is the income tax […]
The Charitable Remainder Trust: A Valuable Financial Tool for Families Selling a Farm or Ranch
A charitable remainder trust (CRT) enables a family selling a farm or ranch to avoid or defer tax on the sale and generate lifetime income for retirement. In addition to saving taxes and generating a lifetime income, a CRT provides several other benefits: Potentially reduces estate taxes. May generate an immediate income tax deduction and […]
What You Need To Know When Selling A Farm or Ranch
If you are considering selling a farm or ranch, there are important tax and financial planning issues of which you need to be aware. Engaging in planning prior to a sale is critical for identifying these issues and for implementing strategies to effectively address them. Taxation of farm and ranch assets Various tax rates and […]
How to get the most out of my farm
Wealth Guide Number One Most us would like to beat the market, but as we’ll explore in this whitepaper, even many professional money managers have had a hard time performing better than the market. To understand Active investors (and active money managers) attempt to outperform stock market rates of return by actively trading individual stocks […]
What is a Charitable Remainder Trust?
How does a Charitable Remainder Trust fit into your estate plan?What are the disadvantages of a CRT? How can you donate to charity and provide for your heirs? CHARITABLE REMAINDER TRUSTS Killing Several Birds with One Stone In planning for your retirement, you may face several financial issues. Maybe you’d like to generate retirement […]