Wills, Trusts and Business Structures for Farm Succession – Farm Commons Workshops

Book

6 chapters

Wills, Trusts and Business Structures for Farm Succession

Understanding legal farm succession tools for navigating wills, trusts and business structures.

Table Of Content

Introduction

Wills, Trusts, and Business Structures: Their Roles & Opportunities Within a Farm Succession Plan

Exploring Trusts to Achieve Farm Succession Goals

Four Essential Strategies for Structuring a Business Entity that Meets Your Farm Succession Needs

Core Tax Considerations in a Farm Succession Plan: Estate, Gift, and Capital Gains Tax

Working Effectively with Attorneys and Professionals on Your Farm Succession Plan

This is material is based upon work supported by USDA/NIFA under Award Number 2023-70027-40447.

Chapter 2: Navigating Zoning Challenges