Surprising to most people, the federal estate tax is a voluntary tax. Estate planning attorneys used to say, “You only pay if you don’t plan.” Now, portability of the federal estate tax exclusion provides both an alternative and a back-up plan to lifetime tax planning. This means you might be able to minimize or even eliminate federal estate taxes even ...
A complete estate plan must include certain essential parts. In fact, it is similar to building a snowman in some respects.
Farming or ranching is more than a means of livelihood – it is about preserving a legacy and unique way of life. Unfortunately, many farmers and ranchers fail to make an estate plan.
Welcome to 2020! A new year is a time for optimism and new opportunities. It is a time to start fresh and take a look to make sure you are headed in the right direction. But making New Year’s resolutions is not enough: you must take action now to ensure that you and your family or loved ones are prepared ...
