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Tactics to Maximize How Much of Your Ohio Farm Will Go to Those You Love and Trust
December 2nd, 2014
To create a great distribution plan for your Ohio farm, you need to maximize what you’ve got to distribute. If you plan poorly, harsh taxes and aggressive creditors can drain the estate, leaving you with little to pass on to your heirs. To that end…
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How to Equalize Gifts Among Heirs to Your Ohio Farm
November 17th, 2014
Let’s say two of your children are actively engaged in the day to day business of your farm, plowing fields, taking care of animals, and working in the back room doing the paperwork, keeping your business in the black and safe from legal issues…
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Developing a Distribution Plan for Your Ohio Farm: The Fundamentals
October 27th, 2014
Over the next several posts, we’re going to tackle an essential topic to educate Ohio farmers who want to protect their heirs, minimize the chances for unfortunate tax consequences, and ensure peace of mind for the family and everyone else touched…
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Attention Farmers! You’re Not "Too Busy" to Start Planning Your Estate
October 7th, 2014
Life is busy when you run an agricultural business. Day to day activities — such as planting, harvesting, caring for animals, maintaining property, refining farming methods and recruiting great people — all take time and energy. It’s easy t…
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4 Steps to Recruit the Right Help for Your Ohio Farm’s Estate Planning
September 18th, 2014
You want to protect your Ohio farm’s estate and success for future generations. Here are four simple steps to help you recruit excellent assistance. Step 1. Delegate Estate Planning to the Right Planner You need trustworthy people to help you with…
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3 Powerful Benefits of Planning for the Future of Your Ohio Farm
September 3rd, 2014
Have you ever thought about how future generations (i.e. your children, grandchildren and possibly even great grandchildren) will run your farm without your guidance? It’s an uncomfortable thought, perhaps, to know that your hand won’t always…
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3 Reasons Why Estate Planning for Farmers Is Simpler Than You Might Realize
August 21st, 2014
As an Ohio farmer, you’ve been contemplating making plans for your estate. But you may be balking because the task seems difficult. It’s not something you’ve done before. By contrast, planning for your farm — planting, harvest…
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Reasons the Estate Planning Process is Much Less Complicated Than Some Ohio Farmers Fear
August 10th, 2014
As an Ohio farmer, you devote your life to producing lush and profitable crops. As you consider the legacy you want to leave, estate planning can help you determine what will happen to your farm in the event of your death or incapacitation. Unfortuna…
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Family Farm Estate Planning in Ohio: 10 Reasons Why You Need to Do It
November 30th, 2011
Family farms and estate planning in Ohio was a pretty hot topic at a recent Ohio Farm Bureau meeting that I spoke at. About 125 farmers from across the state showed up to hear me and the other speakers. One thing that struck me was that most of the f…
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Farm & Family Business Succession Planning: The Important Role of Insurance
August 30th, 2011
In farm and family business succession planning, permanent life insurance policies play an extremely important role in that they equalize an inheritance between heirs who want to receive and run the farm or business and those who don’t. Combined wi…
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