Estate Planning

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Estate planning and succession planning are two steps to one goal

  • May 21, 2015
    blog

    Family Ranch Series Part 3: Avoid these 3 mistakes when estate planning

    Estate planning is a must for ranches to survive after the loss of a loved one. To avoid these three common mistakes, have a plan in place that will stand the test of time....More
  • ranching as a family -- tips for success
    Nov 17, 2014
    Commentary

    5 Tips For Success In The Family Business 1

    Ranching is oftentimes a family business. Here are five tips to a successful business and happy family from Henry Hutcheson, author of “Dirty Little Secrets Of Family Business.”...More
  • Feb 20, 2014
    blog

    10 Estate Planning Tips; PLUS: How One Farmer Gifted His Estate 1

    I recently saw a news segment about an Iowa farmer who had passed away. The farmer had no family and kept to himself, so when it came time for his funeral, there were many open pews in the church that day. Following the ceremony, the farmer’s lawyer leaned in to the priest and told him the parish would be receiving a large gift from the farmer. In addition, that farmer left bequests to many other local churches in the area. Needless to say, the community was stunned by his generosity....More
  • Jan 8, 2013
    blog

    Fiscal Cliff Moves Estate Tax In Right Direction 10

    If you’ve been paying attention this first week of 2013, you already know that Congress passed a tax compromise that averts the fiscal cliff and makes permanent the federal estate tax with an exemption of $5.12 million/individual (indexed for inflation) and a tax rate of 40% for amounts over the exemption....More
  • estate planning
    Dec 3, 2012
    blog

    Is Your Estate Plan Up To Snuff?

    Last week, the South Dakota Department of Agriculture (SDDA) and South Dakota State University hosted the first ever Beginner Farmer and Rancher Symposium. It was standing room only as the event focused on helping farm and ranch families transition their operations from one generation to the next....More

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