family trust

When it comes to transferring a farm to the next generation, proper planning and having the right legal documents in place can make all the difference. Farm succession planning involves many moving parts, and without the proper paperwork, the transition can become complicated and stressful. To ensure a smooth transfer, several key legal documents are…

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family trust

When planning to transfer a family business or valuable assets to the next generation, one common question that comes up is whether to use a family trust or an LLC (Limited Liability Company) for succession planning. Both options can help you manage assets, protect wealth, and ensure a smooth transition. However, each comes with its own advantages and disadvantages…

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ownership structures

When thinking about transferring a farm, the ownership structure plays a crucial role in ensuring a smooth transition, minimizing taxes, and protecting the farm’s future. Deciding the right structure depends on factors like family involvement, farm size, and long-term goals. Let’s explore the various ownership structures to consider when transferring a farm and how they…

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