NEWS
Senior Partners - 8
Elizabeth Williams DTN Special Correspondent
Tue Sep 17, 2013 11:04 AM CDT

AMES, Iowa (DTN) -- Not all farm estates are super-sized. But even if your net worth falls below the $5.25-million-per-person federal estate tax exemption -- or the $4 million that triggers some estate or inheritance state taxes -- smart planning can save thousands of dollars in estate settlement costs.

An estate of $2 million would likely pay $4,000 in court costs to go through probate, in addition to attorney fees, said A. David Bibler, attorney in Algona, Iowa. At current farmland values, you can approach that size owning just one quarter section of good land, a house and some cash ...

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