{"id":1700,"date":"2015-09-18T09:33:32","date_gmt":"2015-09-18T17:33:32","guid":{"rendered":"http:\/\/ssslegalconsultancy.com\/?p=1700"},"modified":"2016-02-03T16:39:12","modified_gmt":"2016-02-04T00:39:12","slug":"estate-planning-farm-2","status":"publish","type":"post","link":"https:\/\/ssslegalconsultancy.com\/estate-planning-farm-2\/","title":{"rendered":"Estate Planning for the Farm"},"content":{"rendered":"

\"MP900438735\"<\/a><\/strong>Estate planning doesn\u2019t concern itself only with financial savings or your home. It can also include your property and land. And in no other industry is land more valuable than farming. By building and implementing an airtight estate plan, farmers and ranchers can ensure a smooth transition of land ownership and management when the time comes. An estate plan can provide for the needs of all family members, even those who aren\u2019t actively engaged in its daily functions. It also can help mitigate the risk of high inheritance taxes on land that is made more valuable by inflation. And because land is not a liquid asset, an estate plan is important in stemming and addressing any potential settlement problems.<\/em><\/p>\n

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In \u201cPlanning for Farmland<\/em><\/span>,\u201d the Black Hills Pioneer<\/em> reports that a quarter of the nation\u2019s agricultural land is likely to change hands in the next decade, according to the USDA Natural Resources Conservation Service. That land needs to remain productive and valuable. This important objective can be achieved with an effective estate plan. The NRCS says that a sound estate plan can help accomplish at least four goals:<\/p>\n

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