December 2007 Country Counsel by: Paul L. Wright, Attorney of Council Key Points Long-term rental agreements can play a role in estate planning A rental agreement provides land for a farming beneficiary It also provides income for a nonfarming offspring. FARM leases have received lots of press in recent months. Here is a different …
November 2007 Country Counsel by: Robert Moore AS more and more grain is being contracted, the marketing contracts seem to be getting more and more complicated. Although it may be tempting just to sign on the dotted line to save time, producers should carefully review each contract before signing. The purchaser typically drafts the grain …
August 2007 Country Council by: Robert Moore MANY farmers face the challenge of designing an estate plan that includes both farming heirs and off-farm heirs. In a perfect scenario, the farmer would simply leave off-farm heirs and all the farm assets to the farming heirs. However, a farmer’s wealth is typically comprised of mostly farm …
July 2007 Country Counsel by: Kimberly Cutler ESTATE planning with farm families is challenging, interesting and always different. It is so easy to say, “Let’s wait until tomorrow.” But you shouldn’t wait to plan your easte…Download full article here.
June 2007 Country Council by: Robert Moore OF all the assets that a farmer might own, land it typically the asset worth the most money and the asset most closely tied to the heritage of the family farm. Therefore, the most challenging aspect of a farmer’s estate plan, business plan and succession plan is often …
