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Inheritance

While most businesses use real estate, unique planning issues arise for family-farm owners because of the importance of real estate to the far…

Family farmers face a difficult issue of passing on the farm if there are both on-farm and off-farm heirs. A family farm is a business but als…

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Dear Michael: We read with some interest about your idea for a family farm ownership agreement whereby the children and the parents agree in w…

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Dear Michael: We had set up our estate the way you had described in your most recent column. Our land and machinery will go to our farming son and our two daughters will share our savings which is made up of CDs, retirement funds and some stocks and bonds. It’s certainly not equal with what the son will be getting, but he has been working all these years here and they have not. We are retiring and letting him take over the livestock and farming. – Best We Could

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Dear Michael: I wanted to write and tell you a story about what happens when you don’t get things done. My parents and I had talked to you about 20 years ago when I first started farming with Dad and Mom on the family farm.

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