Knowing where to start with an estate and succession plan for your farm may be difficult. This class will go over the basics of estate planning and review some of the unique estate planning tools used by farmers. We will also review some common questions we get on a regular basis. Should my farm land be owned by a trust? Will I pay a gift tax if I give the farm away? Should I establish an LLC to own the farm? Do I qualify for the family farm land deduction for the Minnesota estate tax? Attorney Jason Wagner will answer these and other questions so you are better equipped to start the conversation and develop a solid transition plan for you and your family.