I co-own a farm in Nebraska with my nephew. I want to title the land so he gets my share of the farm and pays the least amount of taxes possible. Do you have any suggestions?

The transfer of land as part of any estate plan requires extensive consideration of many aspects of both your and your nephew's business and personal situations.

With any technique to avoid a state inheritance tax, landowners should review the possible federal, gift, estate and income tax consequences.

These may be more severe than state inheritance taxes on a straight transfer.

Conversely, a ...