As if farming itself weren’t hard enough, now you have to figure out how you are going to get your farm to the next generation. Knowing the options available to you is an important first step in preparing yourself for this process. Establishing you…
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As outlined in our recent post, 2024 Estate and Gift Tax Update, the current federal estate tax exemption is the highest level it has ever been (other than 2010 and before there was an estate tax). The unified exemption limit for individuals dying in…
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As estate planning attorneys with a deep appreciation for the agricultural heritage of Minnesota (and many of us having a farm connection), we take seriously our role in helping our clients develop and implement a strategic plan for the future of the…
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If you’re a Minnesota farmer, it’s important to understand the various aspects of estate planning in order to maximize your estate tax savings and minimize your financial burden. Post-mortem estate planning is an effective way to reduce e…
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With renewable energy coming into greater focus for power companies, local, state, and federal governments, many farmers and other landowners are being presented with potential solar or wind leases. These leases can provide a nice opportunity to dive…
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For farmers in Southeastern Minnesota, the family farm is more than just the land and business – it is a way of life. Attorneys Jennifer Gumbel and Jason Wagner discuss our approach to farm succession planning in this video. Planning for the ne…
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Real estate encompasses not only one’s primary residence but also other real estate such as a vacation home or a rental property. The ideal form of ownership varies depending on the type of real estate you own. Below, we take a look at the differen…
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People can end up owning land or other real estate together in a number of different ways. It may be because they purchased the property together, it was gifted to them together, or they inherited the property together. While sometimes this starts ou…
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With the warming weather melting away this year’s snowfall, Spring feels like it is right around the corner. Farmers are not the only ones with the spring-time itch as they impatiently wait to get into the fields, as turkey hunters have had Apr…
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As is always the same each year, everyone makes resolutions on what they would like to do differently than in the past over the next year. Generally, saving money, eating healthier, and losing weight are atop of these lists, which are difficult and o…
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