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Estate Planning

Farm and ranch estate planning news and features. Find information that will help your farm family with business management, legal issues and succession planning. Discover what other farm families are doing to preserve their wealth and provide for an orderly farm transition.

4 Keys to Structuring Ownership Transfer Plans By: 02/20/2015 @ 10:22am

By Dr. Donald J. Jonovic THE PROBLEM: when designing ownership transfer plans for a large family/complex business, how can an owner determine the best entity structure?…

Financial Access for Off-Farm Owners By: 05/13/2014 @ 11:47am

How can an off-farm owner convince her sibling partner she has a right to farm financial information and a say in…

Is Your Estate Plan Right? By: 02/20/2015 @ 10:04am

By Dr. Donald J. Jonovic THE PROBLEM: Is there a way for non-lawyers to be sure their estate plan is exactly what…

Disagreeing and Disagreeable Children as Partners By: 01/21/2015 @ 2:39pm

By Dr. Donald J. JonovicSubmitted by S.W., via email: As a mother, I love my four children equally and have always wanted the best for each of them. What's making that hard is I'm now a…

Dividing Mixed-Together Assets By: 12/17/2014 @ 1:28pm

By Dr. Donald J. JonovicThe Problem: Are there any clear guidelines for dividing family assets when they are all mixed together with farmland and operating business assets?Submitted by C.S., via…

Family Farm Going Strong for 131 Years By: 12/16/2014 @ 11:22am

As North Dakota celebrates its 125th anniversary, Maria and Jim Harmon, shown above, honor Jim’s ancestors by continuing as stewards of the land settled by his great-grandfather in 1883, six years before…

Divorce Becoming a Major Factor In Farming By: 11/18/2014 @ 12:08pm

The rule of thumb is that 50% of marriages end in divorce, and the probability is over 75% if you run a family business. The added stress of managing a business and working with in-laws can negatively impact a…

Getting the Respect You Deserve From Advisers By: 10/21/2014 @ 12:10pm

How can a widow get respect and cooperation from her professional advisers as she consults with them to plan her estate?By Dr. Donald J. JonovicSubmitted by L.J., via email:Have you given any thought to how…

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