FAQs

Business Entity

In this video, Kristine and Kristiana address the question of when a business entity may be a useful tool.

Equipment

In this video, Kristine and Kristiana address the common question of what to do with equipment upon retirement.

Life Estates

Kristine and Kristiana explain how a life estate works, how it impacts tax basis and whether I'm safe to rent a farm from someone with a life estate.

Long-term care

In this video Kristine and Kristiana address the difficult issue of long-term care. What are the important things for farm families to consider?

One Family Member

It's a common situation: one child wants to farm, but the others do not. Are there options for transition that won't tear the family apart? Kristine and Kristiana discuss this important issue.

Owning Property

Does it matter how property is held? In this video, Kristine and Kristiana discuss the big difference entity type can make when it comes to property ownership and taxation.

Biggest Mistakes

In this video Kristine and Kristiana walk through some of the most common estate and succession planning mistakes. Avoiding these mistakes can prevent problems down the road for you and your heirs.

LLC & Trust

Should I own property in an LLC or a trust? What difference would it make? Listen in as Kristine and Kristiana discuss this common question.

Revocable Trust

My neighbor just transferred her property to a trust. Should I do the same? In this video, Kristine and Kristiana discuss the uses, benefits, and burdens of revocable living trusts. 

Partition

When family members own property as tenants in common, any of these owners generally has the right to seek a partition or a division of the property. In this video, Kristine and Kristiana discuss the difficulties of partition and ways to avoid it.