Category: Family Farm

What can Hollywood teach us about estate and trusts?

By David Edwards on Dec 06, 2011 in Asset Protection, Business or Farm, Churches and Ministries, Family Farm, For Your Business, For Your Kids, Grandchildren, Kids' Inheritance, Non-Profits, Parents, Wills and Trusts

My excitement about estate planning is typically only shared by other attorneys or advisors, but it seems that Hollywood is catching on to how interesting estate planning can really be. The Descendants This new movie, starring George Clooney, tells the story of a long-standing family land trust in Hawaii. It looks really interesting and [...]

Your Bucket List for Estate Planning: Why a Trust Might Be Right for You

By David Edwards on Nov 09, 2010 in Aging Parents, Asset Protection, Business or Farm, Disability, Divorce Risks, Estate Tax, Family Farm, For Your Business, For Your Kids, Grandchildren, Kids' Inheritance, Lawsuits and Creditor Risks, Marriage & Remarriage, Nursing Home, Parents, Tax, Wills and Trusts

A recent movie with Morgan Freeman and Jack Nicholson inspired a lot of people to think about their bucket list – the things they would like to do before they die. While a trip around the world in a sailboat may seem a lot more exciting and glamorous than estate planning, thinking about what you [...]

Keeping the Family Farm in the Family

By David Edwards on Jun 01, 2010 in Business or Farm, Family Farm, For Your Kids, Kids' Inheritance, Parents

[originally appeared in the Prairie Farmer magazine - reprinted with author's permission] “We worked hard to pay for and build up the farm to what it’s worth today. We couldn’t have done it without the help of our son (or daughter). As we do our estate planning, how can we be fair to all of [...]

Saving the Family Farm

By David Edwards on Mar 11, 2010 in Asset Protection, Business or Farm, Family Farm

Family farms. Effectively planning to protect the family farm requires us to consider at least two types of planning. And the 2 types involve 2 different definitions of “save”. 1. Does it mean to transfer the farm and protect it from nursing home costs, estate taxes, or other risks that could cause the property to [...]