I think the first step in passing on the assets is to form a family limited partnership. Then get some reputable experienced firm to advise you on a discount on the shares that will stand up.Then start gifting those shares before the $5,000,000 lifetime exemtion expires. A husband and wife can gift a pretty good farm at this time and it may be the last chance to pass it on to someone other than the IRS!</p>
You can still get free marketing insights!
Missed our USDA Report marketing seminar? View it on demand and benefit from the insights and analysis that will help your bottom line.
How USDA Report Will Impact Crop Prices
And Your Bottom Line