Summer can be a time for farmers to focus on estate tax planning and other tax issues. Mary Sobba, an ag business specialist with the University of Missouri, says there are a lot of questions that need answering, “What happens when a farmer passes? What are some of the things that need to happen tax-wise? What are dynasty trusts and can those be used for estate planning? What are some of the implications and things, tax-wise, that can happen with those?
Continue reading Ag tax planning in summer turns to estates, etc. at Brownfield Ag News.
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