Senior Center Newsletter MAR APR
Getting started on an estate plan can feel daunting. Here are ten tips for ranch and farm owners to help get them going.
Many people will go out of their way to avoid talking about illness, death, and money. The reality is we all get older and eventually need help from others. The more prepared you are today, the easier it will be for everyone down the road. Estate planning should be approached in the same manner that
As the Spring and Summer months approach, travel ideas begin to blossom. With any great vacation, it starts with planning the destination and creating checklists of ideas to do and see. Of course, we create a to-do list of things we must do before departing for sunshine and relaxation. Before any trip make sure you
There are several layers to estate planning and going from zero estate-planning to completion of an advanced estate plan in one step is not required, practical or even advisable. Farm succession planning, and transfer taxes such as gift taxes, estate taxes, generation-skipping transfer taxes, property taxes and income taxes?are all layers to your estate plan.
Gift and Estate Tax: The annual exclusion gift limit is still $14,000. An individual can give $14,000 to as many different people as desired. A married couple could gift $28,000 to an unlimited number of people. The gift giver is not required to file a return with the IRS, and the gift recipient is not
YOUR DIGITAL LIFE As our lives become more data-driven, many of us wind up owning assets that ?live? on the web. These could be photos that are stored on a website, social media profiles, PDF documents, e-mails and other types of intellectual property. Web-centric businesses ? for example, an eBay storefront or a PayPal account
Death is uncomfortable to think about and can be even harder to discuss with our loved one. It is no wonder so many people?fail to consider: What will happen to my hard earned assets and those I love after I die? Women in particular face challenge when it comes to estate planning. It ‘s hard
Farm Succession Planning Pitfalls Look around at your farm.? You’ve worked to create, maintain and improve your operation.? What will it become after you’re gone?? Succession planning is not an easy task. To get you on the path to success, consider these four farm succession planning pitfalls. Never Getting Started The biggest mistake farmers