Estate Planning http://beefmagazine.com/taxonomy/term/6600/more en 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 Ranchers Need Permanent Estate Tax Relief http://beefmagazine.com/blog/ranchers-need-permanent-estate-tax-relief-0 <div class="node-body blog-body">I celebrated my 25th birthday earlier this week at a small steakhouse in Letcher, SD. While enjoying steak tips and wine, one of our neighbors joined us at our table. We started visiting about the election results, and soon, the topic of the death tax came up. He said his friend ended up paying $2 million in estate taxes in order to save the family ranch after the death of his father. The conversation continued with talk of estate planning, gifting land and putting assets in a trust for the next generation before it’s too late.</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/ranchers-need-permanent-estate-tax-relief-0" target="_blank">read more</a></p> http://beefmagazine.com/blog/ranchers-need-permanent-estate-tax-relief-0#comments Estate Planning Regulation Tips For Profit BEEF Daily Wed, 14 Nov 2012 16:27:00 +0000 46561 at http://beefmagazine.com Important Year-End Tax Implications For Ranchers http://beefmagazine.com/estate-planning/important-year-end-tax-implications-ranchers <div class="node-body article-body">As Dec. 31 approaches, the tax policy debate remains unfinished in Washington. BEEF looks at the implications for ranchers.</div> <div class="og_rss_groups"></div><p><a href="http://beefmagazine.com/estate-planning/important-year-end-tax-implications-ranchers" target="_blank">read more</a></p> http://beefmagazine.com/estate-planning/important-year-end-tax-implications-ranchers#comments Estate Planning Business Government Tips For Profit Thu, 25 Oct 2012 19:36:00 +0000 45711 at http://beefmagazine.com