Estate Tax Planning and Revocable Trusts

With early planning done thoughtfully, most farmers and business owners can avoid seeing their farms or businesses sold to pay estate taxes. We work with farmers and business owners in the agriculture industry to minimize estate taxation and to maximize the value passing to family members and other beneficiaries.

Many special tools exist for farm families, including special use valuation under 2032A, valuation discounts for farming entities such as LLCs and Corporations, and installment payment of estate taxes under Section 6166. We understand these sections and can help you build plans to minimize taxes upon death. Consideration is also given to minimizing probate costs, maximizing privacy, shielding assets from creditors and predators, and ensuring farm and business assets stay in the family. 

For questions, contact: Paul P. Morf or Travis J. Schroeder.