A common practice for buying and selling land is the land installment contract, commonly known as a land contract. In this arrangement, the purchase price is paid over a number of years instead of upfront. Sellers may opt for a land contract to spread out taxes over several years and/or to obtain a higher rate …
Estate planning for farm families presents special challenges due to the nature of the farming business. Farmers in their second marriage often find that incorporating the second spouse into an estate plan presents even more challenges. However, several strategies are available to overcome these issues. Download and Read the entire article here.
[dropcap type=”circle” background=”#c6d0dd” color=”#414a58″ text_shadow=”#e2e8f0″] A [/dropcap]CCORDING to Ohio State University surveys, about half of all farmland in Ohio is leased. Many of the landlords leasing land are elderly, and their heirs are far removed from the land. The landlord may know or suspect that upon his or her death, the heirs will sell the …
By Kent Jorgensen, Attorney At Law, Wright & Moore Recently I had a conversation with a good friend, (I’ll call him Bob) who runs a very successful farming operation. Bob told me he currently uses a business entity to operate his farm and that he holds all of his land in his personal name. He …
HE First Amendment to the United States Constitution protects freedom of speech. But what does that mean? Most people do not fully understand what type of speech is protected and from whom it is protected. This article will try to explain one of our most important rights. Download and read the article by clicking here.
