Owning a farm means more than just running a business. It is also part of the legacy you will eventually pass on to your loved ones. When it comes to securing the future of your farm, utilizing a trust can offer numerous benefits. It is important to understand how...
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Year: 2024
4 things to protect when estate planning for your farm
As a farmer, your land is more than your livelihood. Farm properties form the foundation of your legacy. Protecting your farm to pass down to future generations requires careful estate planning. There are 4 key things to protect when estate planning for your farm. 1....
How guardianship differs from power of attorney
Guardianship and power of attorney are legal terms often used interchangeably. However, they have distinct differences in their roles and responsibilities. Guardianship Guardianship is a legal arrangement where the courts appoint a person, known as the guardian, to...
Minimizing taxes when creating an estate plan
SmartAsset noted that Indiana does not have an estate tax, which makes it one of the 38 states that do not. However, estate tax is not the only taxation concern when creating an estate plan. The federal government imposes taxes on estates exceeding a certain...