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 affect your farm’s future.
Make sure to check out more episodes on our Podcast page. Feel free to reach out any time to see how Kindred can help you and your trusted advisors manage the complex succession plan process with simple software – cutting time & cost of the current process by 50% or more.