Estate Planning http://beefmagazine.com/taxonomy/term/6600/more en Family Ranch Series Part 3: Avoid these 3 mistakes when estate planning http://beefmagazine.com/blog/family-ranch-series-part-3-avoid-these-3-mistakes-when-estate-planning <div class="node-body blog-body">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. </div> <div class="field-content-focus"> <span>Content Classification:&nbsp;</span> Curated </div> <div class="og_rss_groups"><ul class="links"><li class="og_links first last"><a href="/blog/beef-daily">BEEF Daily</a></li> </ul></div><p><a href="http://beefmagazine.com/blog/family-ranch-series-part-3-avoid-these-3-mistakes-when-estate-planning" target="_blank">read more</a></p> http://beefmagazine.com/blog/family-ranch-series-part-3-avoid-these-3-mistakes-when-estate-planning#comments Estate Planning Cow-Calf Ranch Management Business Tips For Profit BEEF Daily Thu, 21 May 2015 10:00:00 +0000 89411 at http://beefmagazine.com Estate planning and succession planning are two steps to one goal http://beefmagazine.com/estate-planning/estate-planning-and-succession-planning-are-two-steps-one-goal <div class="field-byline"> By Heather Maude </div> <div class="node-body article-body">Succession and estate planning are two different tasks, and both are equally important in passing on the farm. </div> <div class="og_rss_groups"></div><p><a href="http://beefmagazine.com/estate-planning/estate-planning-and-succession-planning-are-two-steps-one-goal" target="_blank">read more</a></p> http://beefmagazine.com/estate-planning/estate-planning-and-succession-planning-are-two-steps-one-goal#comments Estate Planning Mon, 11 May 2015 20:48:00 +0000 89151 at http://beefmagazine.com 5 Tips For Success In The Family Business http://beefmagazine.com/blog/5-tips-success-family-business <div class="node-body blog-body">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.”</div> <div class="field-content-focus"> <span>Content Classification:&nbsp;</span> Curated </div> <div class="og_rss_groups"><ul class="links"><li class="og_links first last"><a href="/blog/beef-daily">BEEF Daily</a></li> </ul></div><p><a href="http://beefmagazine.com/blog/5-tips-success-family-business" target="_blank">read more</a></p> http://beefmagazine.com/blog/5-tips-success-family-business#comments Estate Planning People Tips For Profit BEEF Daily Mon, 17 Nov 2014 11:00:00 +0000 82171 at http://beefmagazine.com 10 Estate Planning Tips; PLUS: How One Farmer Gifted His Estate http://beefmagazine.com/blog/10-estate-planning-tips-plus-how-one-farmer-gifted-his-estate <div class="node-body blog-body">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.</div> <div class="og_rss_groups"><ul class="links"><li class="og_links first last"><a href="/blog/beef-daily">BEEF Daily</a></li> </ul></div><p><a href="http://beefmagazine.com/blog/10-estate-planning-tips-plus-how-one-farmer-gifted-his-estate" target="_blank">read more</a></p> http://beefmagazine.com/blog/10-estate-planning-tips-plus-how-one-farmer-gifted-his-estate#comments Estate Planning Tips For Profit BEEF Daily Thu, 20 Feb 2014 10:00:00 +0000 71391 at http://beefmagazine.com Is Your Ranching Operation Business First Or Family First? http://beefmagazine.com/estate-planning/your-ranching-operation-business-first-or-family-first <div class="field-byline"> By Heather Hamilton-Maude </div> <div class="node-body article-body">A look at some mistakes that break up a family ranching business — and how to avoid them. </div> <div class="og_rss_groups"></div><p><a href="http://beefmagazine.com/estate-planning/your-ranching-operation-business-first-or-family-first" target="_blank">read more</a></p> http://beefmagazine.com/estate-planning/your-ranching-operation-business-first-or-family-first#comments Estate Planning Cattle Industry Structure Business Sustainability Thu, 02 Jan 2014 02:29:00 +0000 69631 at http://beefmagazine.com Don’t Bet Your Farm: An Estate Plan Can Help Preserve Assets http://beefmagazine.com/estate-planning/don-t-bet-your-farm-estate-plan-can-help-preserve-assets <div class="field-byline"> Hembree Brandon </div> <div class="node-body article-body">There are two things you need for your farming operation, says Ed Gillentine: an estate plan and a knowledgeable, trusted tax professional. Otherwise, he says, the consequences to you and your heirs could be unnecessarily costly.</div> <div class="og_rss_groups"></div><p><a href="http://beefmagazine.com/estate-planning/don-t-bet-your-farm-estate-plan-can-help-preserve-assets" target="_blank">read more</a></p> http://beefmagazine.com/estate-planning/don-t-bet-your-farm-estate-plan-can-help-preserve-assets#comments Estate Planning Cow-Calf Sustainability Mon, 20 May 2013 16:36:00 +0000 55322 at http://beefmagazine.com Fiscal Cliff Moves Estate Tax In Right Direction http://beefmagazine.com/blog/fiscal-cliff-moves-estate-tax-right-direction <div class="node-body blog-body">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.</div> <div class="og_rss_groups"><ul class="links"><li class="og_links first last"><a href="/blog/beef-daily">BEEF Daily</a></li> </ul></div><p><a href="http://beefmagazine.com/blog/fiscal-cliff-moves-estate-tax-right-direction" target="_blank">read more</a></p> http://beefmagazine.com/blog/fiscal-cliff-moves-estate-tax-right-direction#comments Estate Planning Regulation Beef Advocacy BEEF Daily Tue, 08 Jan 2013 09:15:00 +0000 48711 at http://beefmagazine.com Ag's Future Demands Death Tax Repeal http://beefmagazine.com/estate-planning/ags-future-demands-death-tax-repeal <div class="node-body article-body">With the death tax a constant threat to America’s farm and ranch families, now’s the time to sit down with a lawyer and get your affairs in order. Yet, 90% of families either don’t have an estate plan or are inadequately protected, says Brian Kirby, a Sioux Falls, SD-based lawyer and partner at Lindquist & Vennum. </div> <div class="og_rss_groups"></div><p><a href="http://beefmagazine.com/estate-planning/ags-future-demands-death-tax-repeal" target="_blank">read more</a></p> http://beefmagazine.com/estate-planning/ags-future-demands-death-tax-repeal#comments Estate Planning Regulation Tips For Profit Thu, 20 Dec 2012 21:12:00 +0000 48041 at http://beefmagazine.com Industry At A Glance: Cropland & Pasture Values http://beefmagazine.com/pastureland-values/industry-glance-cropland-pasture-values <div class="node-body article-body">What impact would the failure of the U.S. Congress to address the estate tax before Jan. 1 have on your business operations and estgate planning? Unless Congress acts, the federal estate tax will drop on Jan. 1 from the current $5-million individual exemption and 35% tax rate, to $1 million and a 55% tax rate. Most land-owning agriculturalists, who tend to be asset-rich but cash-poor, would be impacted by that change.</div> <div class="og_rss_groups"></div><p><a href="http://beefmagazine.com/pastureland-values/industry-glance-cropland-pasture-values" target="_blank">read more</a></p> http://beefmagazine.com/pastureland-values/industry-glance-cropland-pasture-values#comments Estate Planning Pasture/Land Values Industry At A Glance Mon, 10 Dec 2012 00:48:00 +0000 47581 at http://beefmagazine.com Is Your Estate Plan Up To Snuff? http://beefmagazine.com/blog/your-estate-plan-snuff <div class="node-body blog-body">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. </div> <div class="og_rss_groups"><ul class="links"><li class="og_links first last"><a href="/blog/beef-daily">BEEF Daily</a></li> </ul></div><p><a href="http://beefmagazine.com/blog/your-estate-plan-snuff" target="_blank">read more</a></p> http://beefmagazine.com/blog/your-estate-plan-snuff#comments Estate Planning People Tips For Profit BEEF Daily Tue, 04 Dec 2012 02:10:00 +0000 47311 at http://beefmagazine.com