Estate Planning Principles Agricultural Business Management

Estate Planning Principles Agricultural Business Management

This note covers the following topics: Property Ownership, Who Needs an Estate Plan, Federal Gross Estate, Probate/Non-Probate Assets, Minnesota Estate Tax, Deductions from Federal Gross Estate, Federal Estate & Gift Tax Rates, New MN Estate Law Addition, Distribution of Estate Assets, Establishing A Will, Trusts: Definitions, Types and Taxation, Revocable Living Trusts, Gifting Assets, Tax Issues for Estate Planning, Life Insurance in Estate Planning, Steps in Estate Settlement, Distributing Personal and Household Assets.

Author(s): Gary A. Hachfeld, David B. Bau, and C. Robert Holcomb, Extension Educators

34 Pages