Deciding between creating a will or setting up a trust is confusing. However, farmers, business owners, and high-net-worth individuals need to plan ahead and make sure their assets are distributed according to their wishes after they pass away. But h…
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One would assume that celebrities with extreme wealth would take steps to protect their estates. But think again: some of the world’s richest and most famous people enter the pearly gates with no estate plan, while others have made estate planning…
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Life is full of contingencies. While some outcomes are relatively certain, other events are more difficult to predict. This uncertainty can create estate planning challenges. Because life changes quickly and sometimes unexpectedly, your estate plan n…
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Family conflict can be an unfortunate byproduct of transferring intergenerational wealth if your estate plan does not properly address the risk. Thankfully, we usually hear from our clients that they don’t have any concerns with their kids getting…
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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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One of the more uncomfortable aspects of estate planning is deciding what will happen to your child if both you and the child’s other legal parent were to die unexpectedly. While the odds of this happening are low, the consequences of not naming a…
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Why You May Face a Probate Probate is the legal process for recognizing the validity of a will after a death and giving authority to someone to administer the estate This person, also known as an executor or personal representative, administers the d…
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What is Estate Planning? Estate planning is the process of creating a comprehensive plan that outlines what will happen to your property after you pass away. This includes making arrangements for the transfer of assets, such as land, equipment, and l…
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A new year, new estate tax exemptions! While not everyone gets super excited talking about estate taxes (or better yet – how to protect against estate taxes), we certainly do! Effectively navigating estate and gift tax rules is an essential compone…
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