Estate Planning for Farm and Ranch Owners: Impact of 2018 Farm Bill, Issues for Planners and Administrators

Ownership Structures, Effective Transfer Methods, Income and Estate Tax Considerations, Estate Administration Challenges

A live 90-minute CLE webinar with interactive Q&A


Tuesday, August 27, 2019 (in 4 days)

1:00pm-2:30pm EDT, 10:00am-11:30am PDT

or call 1-800-926-7926

This CLE webinar will provide guidance to estate planners and administrators on the key legal challenges of estate planning for farmers. The panel will discuss provisions of the recently enacted 2018 Farm Bill impacting the planning and administration of farm assets, ownership structures and associated risks, elder law concerns on a state and federal level, and key estate administration challenges.

Description

Estate planning for farmers and ranchers involves unique challenges that differ from that of other clients. Recent court rulings, the 2018 Farm Bill, and developments from the IRS significantly impact the implementation of income and transfer tax planning methods for farm and ranch businesses. Estate planners and administrators must acquire a complete understanding of special rules and considerations applicable to farmers and farm assets.

For farms and farm assets, transitions can be a lengthy and complicated process upon a decedent's death. The scope of the farm, type of assets, and goals drive estate planning. A variety of mechanisms involve a careful analysis of ownership structures, income and estate taxes, the use of lifetime financial transfers, and other items that are crucial in avoiding devastating pitfalls in the estate planning and administration of farm assets.

Listen as our panel discusses critical provisions of the 2018 Farm Bill and 2017 tax reform impacting estate planning for farmers and ranchers, ownership structures and related issues, methods to transfer farm assets, income and estate tax planning techniques, and overcoming estate administration challenges.

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Outline

  1. Impact of tax reform on estate planning for farmers
  2. Impact of 2018 Farm Bill
  3. Ownership structures and associated risks
  4. Effective transfer methods
  5. Income, gift, and estate tax considerations
  6. Overcoming administrative challenges

Benefits

The panel will review these and other key issues:

  • How does estate planning for farmers differ from that of other clients?
  • What are the most effective ownership structures and related risks?
  • What transfer methods are available, and how to avoid potential planning pitfalls?
  • The unique eldercare issues of farmers and the 2018 farm bill impact
  • Medicaid Planning for farmers

Faculty

Hishaw, Jillian
Jillian Hishaw, Esq., LLM Agriculture Law

Founder & CEO
Hishaw Law

Ms. Hishaw Esq LL.M., is an Agricultural Attorney, Founder & CEO of Hishaw Law LLC, F.A.R.M.S., and author of...  |  Read More

Shepherd, Mark
Mark R. Shepherd

Shareholder
Crist Biorn Shepherd Roskoph

Mr. Shepherd has counseled wealthy individuals, family businesses, trustees and other clients for over twenty-five...  |  Read More

Smith, Marty
Marty Smith

Partner
Bond Arnett Phelan Smith & Carreras

Mr. Smith's areas of practice include Agriculture Law, Business & Commercial Law, Environmental Law, Litigation...  |  Read More

Live Webinar

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Live Webinar

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Live Webinar & Download

$394

Live Webinar & DVD

$394 + $19.45 S&H

Other Formats
— Anytime, Anywhere

Strafford will process CLE credit for one person on each recording. All formats include program handouts. To find out which recorded format will provide the best CLE option, select your state:

CLE On-Demand Video

48 hours after event

$297

Download

48 hours after event

$297

DVD

10 business days after event

$297 + $19.45 S&H