FARM BUSINESS NEWS
Taxlink by Andy Biebl
Andy Biebl DTN Tax Columnist
Wed Dec 5, 2012 01:14 PM CST

With today's high farmland values, even those who are not exposed to the federal estate tax have an exceptionally valuable asset that needs special attention in how it is passed to the next generation. There are tough questions to be addressed, and too often that leads to inaction. Here are some thoughts to help with that important process.

THE HORROR STORY

The easy solution is to pass the land to the kids equally -- and hope. In rare cases, undivided co-ownership may be successful if they all agree to lease to an outside party and the only agenda is maximizing ...

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