@clintwfischer Nicely written and so many farming families need to have the open discussion about the future.
I believe the irrevocable trust also gives the benefits of a stepped up basis (current value), doesn’t it?
@hfmshres “Hi Howard!”… just following orders. 🤣. I like Journey too and several 80’s bands. Have you heard “Resurrection Band” play? They’re 100% Journey cover band. They are unbelievable. Hope you’re doing well, my friend!
The Illinois Society of Professional Farm Managers and Rural Appraisers honored two individuals for their contributions to agriculture and the profession at the group’s recent annual meeting. https://t.co/UwLUBm08wk
@clintwfischer Stay with the “current plan” or risk family splits. Depends what mom and dad value - family unity (hopefully) or setting up the family for generations of division. IMO, equal is only fair in this situation.