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What You Need to Know When Selling a Farm or Ranch

If you are considering selling your farm or ranch, there are important tax and financial planning issues of which you need to be aware. Engaging in planning prior to a sale with the right team of professionals is critical for identifying these issues and for implementing strategies to effectively address them. Taxation of Farm and […]

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Congress Threatens 1031 Exchange

The section 1031 exchange is part of the Internal Revenue Code that allows a taxpayer to sell appreciated real estate, to purchase other real estate and to defer tax on the gain. Congress is debating tax reform and IRC section 1031 exchanges are threatened. The 1031 exchange benefits millions of American investors and businesses every […]

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Investing Proceeds From The Sale of a Farm or Ranch

You’ve worked hard to create the equity in your farm or ranch. When it comes time to sell, you need to work smart to preserve that equity and to make your money work as hard for you as you have worked for it. I grew up working on ranches in Lewistown, Montana. As a financial […]

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IRC Section 1031 Exchange: A Powerful Financial Tool For The Agricultural Family

The IRC Section 1031 Exchange is one of the most powerful tax saving and wealth building tools available for people selling highly appreciated real estate. A properly structured 1031 exchange allows a family selling a farm or ranch to sell land, to reinvest the proceeds in other “like-kind” real estate, and to defer capital gain […]

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Ranch Sale Case Study

This article illustrates the sale of a highly appreciated $10 million ranch. It will examine how the use of proven wealth preservation strategies will allow a family to: Decrease taxes paid on the sale Increase annual income for retirement Increase wealth passed to heirs Increase money left to charitable organizations The advanced planning strategies include: […]

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Saving Tax On Sale Of Land With A 1031 Exchange

In my 26 years as a financial advisor to agriculture families, I’ve learned that farmers and ranchers hate paying annual income taxes. Sadly, however, many fail to avoid paying tax on the biggest tax event of their lives – when they sell their farm or ranch. If you sell land that has appreciated in value […]

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Saving Taxes on the Sale of a Farm or Ranch

There are many important financial issues to be aware of when selling a farm or ranch. Planning for a sale with a team of advisers well in advance of a sale is critical for identifying these issues and for implementing strategies to effectively deal with them. One of the biggest issues is the income tax […]

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The Charitable Remainder Trust: A Valuable Financial Tool for Families Selling a Farm or Ranch

A charitable remainder trust (CRT) enables a family selling a farm or ranch to avoid or defer tax on the sale and generate lifetime income for retirement. In addition to saving taxes and generating a lifetime income, a CRT provides several other benefits: Potentially reduces estate taxes. May generate an immediate income tax deduction and […]

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What You Need To Know When Selling A Farm or Ranch

If you are considering selling a farm or ranch, there are important tax and financial planning issues of which you need to be aware. Engaging in planning prior to a sale is critical for identifying these issues and for implementing strategies to effectively address them. Taxation of farm and ranch assets Various tax rates and […]

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How to get the most out of my farm

Wealth Guide Number One Most us would like to beat the market, but as we’ll explore in this whitepaper, even many professional money managers have had a hard time performing better than the market. To understand Active investors (and active money managers) attempt to outperform stock market rates of return by actively trading individual stocks […]

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What is a Charitable Remainder Trust?

  How does a Charitable Remainder Trust fit into your estate plan?What are the disadvantages of a CRT? How can you donate to charity and provide for your heirs? CHARITABLE REMAINDER TRUSTS Killing Several Birds with One Stone In planning for your retirement, you may face several financial issues. Maybe you’d like to generate retirement […]

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THE IMPORTANCE OF CREATING A LEGACY PLAN

You will eventually leave this world. Don’t pass on unanswered questions to your loved ones. By Chris Nolt As Benjamin Franklin said, two things in life are certain: death and taxes. Some people understand this certainty and create estate plans, living trusts, and wills; while others ignore the inevitable and leave behind only stress, questions, […]

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