Keeping the Family Farm in the Family

[originally appeared in the Prairie Farmer magazine – reprinted with author’s permission] “We worked hard to pay for and build up the farm to what it’s worth today.  We couldn’t have done it without the help of our son (or daughter).   As we do our estate...

Saving the Family Farm

Effectively planning to protect the family farm requires us to consider at least two types of planning. And the two types involve two different definitions of “save.” 1. Does it mean to transfer the farm and protect it from nursing home costs, estate...