Category: Family Farm

Keeping the Family Farm in the Family
0

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 [...]

Saving the Family Farm
0

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 be [...]

Edwards Group LLC 4340 Acer Grove, Springfield, Illinois 62711 (217) 726-9200