Your Land is Your Legacy: Estate Planning for Farmers and Ranchers

A sound transfer and estate plan should accomplish three primary goals:

  • Develop and transfer management skills and responsibility
  • Transfer ownership of the agricultural operation, land and other assets
  • Ensure financial security and peace of mind for all generations

Creating a sound transfer and estate plan will require an investment of time and money. But leaving your family and your land without a plan will eventually cost much more—maybe even cost you your farm or ranch. So call a trusted advisor, convene a kitchen-table meeting, put together your planning team and get started—the sooner the better.

Author: 
Jerry Cosgrove
Publisher: 
Washington, DC: American Farmland Trust
Page Numbers: 
8
Publication Date: 
March 26, 2018
Literature Category: 
Fact Sheets and Technical Memos