KELSO, Wash. — The 19th edition of Farm Estate and Business Planning, by Dr. Neil Harl, is now available in both print and pdf formats. The book is a guide for farmers who want to make the most of the state and federal income and estate tax laws to assure the least expensive and most efficient transfer of their estates to their children and heirs.
This book contains advice on assuring worry-free retirement; using wills, trusts, insurance and outside investments as estate planning tools; ways to save on estate settlement costs and federal estate tax; as well as suggestions for avoiding arguments and friction in the family.
Updated with recent developments in farm business planning since the 18th edition was published in 2014, the book is written in easy-to-read language and is designed for use by farm families. The book also includes discussion of employment taxes, formation and advantages of use of business entities, federal farm payments, state laws on corporate ownership of farm land, federal gift tax law, annuities, installment obligations, charitable deductions, and more.
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