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 […]

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 […]

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 […]