Can you really give the farm away without paying gift tax? How much can you discount your farm sale and avoid gift tax? A Farmer’s Guide Planning for the future of your farm is one of the most important steps you can take to protect your legacy. A…
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How the History of Your Farm Reveals Succession Planning Lessons Farm succession planning is not just a consideration for the next generation. Often the current farming generation is also a success story of succession planning for generations past. F…
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Three Estate Planning Mistakes Farmers Make and How to Avoid Them Farming is more than a means of livelihood – it is about preserving a legacy and unique way of life. Unfortunately, many farmers fail to make an estate plan – a mistake the drastic…
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Farm Succession Planning Never Stops Farming is more than a job—it’s a way of life, a family tradition, and often, your greatest legacy. But securing that legacy for future generations requires more than hard work in the fields; it demands carefu…
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Reflecting on 2024 and Looking Ahead A message from firm President Jason Wagner As we welcome 2025, I want to take a moment to reflect on the incredible year we’ve had at Wagner Oehler and share a vision for where we’re headed in the year ahead.…
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Securing the Farm’s Future: Why Farmers Need Specialized Estate Planning Farmers face unique challenges in estate planning, making it crucial to work with legal professionals who understand the intricacies of agriculture rather than general pra…
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Estate Planning Challenges Facing Minnesota Farmers in Today’s Economy Estate planning has always been an essential part of managing family farms, but Minnesota farmers today face unique challenges that make it more critical than ever. Rising l…
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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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