Source: Shawn Williamson, SUCCESSFUL FARMING, 4/12/22


If you have been thinking about estate taxes as long as I have, then you remember the estate tax exemption of $600,000 per person. Twenty-five years ago, many more people than today had to consider the “death tax.” A lot of families had separate trusts for Mom and Dad in an effort to double the rather low exemption. Many farmers would be in trouble today if the exemption were still that low, considering that some 40-acre fields are worth more than $600,000.

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